Archives for April 2014
The euro started the day by drifting lower and exceeding our invalidation point by 10 pips, before violently reversing upwards as expected to come within 2 pips of reaching our first target.
Our main count is actually still valid after a slight modification. And this new development brings back the triangle scenario that we mentioned in a previous analysis as well. Both counts expect similar price action for the immediate term, but they differ in their expectations for future price action.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. As usual we'll use each count's invalidation point to confirm the other count.
Read More
GBPUSD 29th April, 2014
On Tuesday`s session the pound unfolded within a range leaving both counts valid.
We are updating both counts according to the latest price action and as a reminder we should mention that both counts have equal probabilities and that we will let price action decide for us which count is the highly probable count by waiting for either counts` confirmation point to be reached.
Read More
EURUSD 29th April, 2014
As expected the euro moved towards the downside to reach our target and exceed it by 20 pips.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
Read More
GBPUSD 28th April, 2014
On Monday`s session the pound unfolded towards the upside as expected and the first target was reached and exceeded by 9 pips.
We are updating the main count according to the latest price action and as well presenting an alternate count which has equal probabilities as the main count as it is supported by MACD and Candlesticks studies.
The keyword in today`s analysis is confirmation points as we will wait for either counts` to be confirmed to determine the highly probable count.
Read More
EURUSD 28th April, 2014
As expected the euro moved towards the upside to reach both of our targets and exceed them by 18 pips.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
Read More
GBPUSD – One More Push Upwards
This week the pound unfolded as expected reaching and exceeding the first target by 8 pips before reversing directions and moving towards the upside.
As we discussed in the latest analysis, the pound continued to move towards the downside in a choppy manner with signs a hidden bullish divergence as we will soon discuss.
We are updating the main count according to the latest price action and as well presenting an alternate count which expects further downwards corrective movement.
As always we will let price action decide for us which count is the highly probable count by waiting for either count`s confirmation point to be reached.
Read More
GBPUSD 25th April, 2014
On Friday`s session the pound traded in a range leaving both main and alternate counts valid as it failed to reach either counts confirmation points.
We are updating both counts according to the latest price action and as always we will use each count`s invalidation point to confirm the other count.
Read More
EURUSD – In Place for A New Uptrend?
As expected the euro moved towards the downside to reach our first target and exceed it by 8 pips, making a slight new low, before beginning to rebound towards the upside.
Our general view is that the euro is now setting the stage for an explosive rally. This change in trend should take place some time this week or possibly early next week.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
Read More
EURUSD 25th April, 2014
The euro spent the day in a very slow movement with very little change in price. This leaves our previous counts exactly as they were.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. As usual we'll use each count's invalidation point to confirm the other count.
Read More
GBPUSD 24th April, 2014
On Thursday`s session the pound unfolded in a sideways manner and the pound is yet to reach either count`s confirmation point.
The main count`s probabilities decreased as the sideways movement is longer than usual and therefore the main count does not provide the best fit, as well the pound came within a fraction of a pip to confirm the alternate count and that increases the probabilities of that count.
We are updating that count according to the latest price action and as well presenting an alternate count which expects the pound to unfold towards the downside.
As always we will use each count`s invalidation point to confirm the other count.
Read More
- 1
- 2
- 3
- …
- 6
- Next Page »