Gold has made an A-B-C correction which looks like completed giving a Buy Setup for targets of 1127. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com
XAUUSD is giving a buying opportunity at current levels with stoploss just below the lows and target around 1100. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com
EURJPY can either give a breakout of the channel in which it is correcting and go higher or it might give one more down move before going up. Details are given on the chart. Happy Trading! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com
USDCAD has been rallying since long which is about to end nearing strong selling zones. I would expect the pair to turn from here soon. One can look for shorting opportunity based on price action. Possible price action is shown on the chart. Any comments or suggestions are welcomed. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype:...
NZDUSD can go more higher till 0.7100 Levels from where it might possibily see another round of declines toward 0.5800 levels. Details are shown on the chart with possible moves for the pair. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter:...
GBPNZD Divergence Trade.. Buy setup for targets around 2.8962 , 2.3035. Details on the chart.
USDollar Index is forming an Ending Diagonal and reached 1.618 Fib Extension from Wave 1 of Wave V. The next move could be a bit of correction towards 98.50 levels and then we could see one more up wave for Wave 5 of Wave V from where we might see a bigger correction. If this count is correct then other pairs would also bottom out when the Dollar Index Tops out...
USDCAD made Wave A correction in 5 waves and since then potentially completed Wave B and has started Wave C correction. One go short on the pair at the break of the trendline as shown on the chart and targets can be different trend / channel lines as shown on the chart. Equal Legs move would be around 1.2810 levels for the pair where Wave A = Wave C. Happy...
EURUSD has potentially completed an Ending Diagonal as Wave 5 for C wave and is now on the verge of breaking out. With that a 3 wave Correction for X wave would potentially be complete and we might see one more upmove towards 1.1700 levels or higher which would complete Wave 4. One can go long now with stoploss just below today's low. Happy Trading!!
USDJPY has retraced back to the Short Zone area in three waves making it an X way. The pair can go lower from here. My targets are way lower around 114.00 to 113.50 area but I would enter and exit short term trades based on the wave structures that I see going down from current levels. Its a nice risk reward trade. The stops can either be above previous X wave or...
AUDCHF has been rallying in a corrective structure forming an WXY pattern. Good shorting opportunity on the pair with great risk to reward ratio. Details are on the chart. Any suggestions or comments are welcomed. Happy Trading!!
AUDUSD is giving a short term short setup.. Details are on the chart. Happy Trading!
USDollar Index can give a one more small push up towards the upper trend line where we might get the clarity on further price action.. Would it keep going up breaking the trend line? I dont think so..There is bearish divergence as well with MACD Indicator. I would believe it will start a new Down Movement for a C Wave correction targets for which were posted...
GBPCHF has been forming an Ending Diagonal Diagonal Pattern which is about to break down. One can go short on the pair at current levels and targets as shown on the chart. Good Risk Reward Trade.. Happy Trading!!
AUDJPY is developing a Short Setup. SL can be above the previous high and target can be around 86.80 levels. Details on the chart. Happy Trading!!
USDollar Index has been trading in an upward sloping channel, running triangle, ending diagonal whatever we might want to call it.. The next move for all those analysis states that the Dollar Index is going to go lower and hence we might have a good shorting opportunity coming up with good risk reward ratio on the trade. Levels are listed on the chart. Any...
EURUSD gave the almost perfect correction from 1.1480 levels going in an impulsive manner currently in 3rd wave or completed third wave.. I would expect to see one more small correction and decline toward 1.0920 levels from where I would expect the pair to turn around and go higher making an Higher Degree X wave.. The upmove can make a new high above 1.1700 levels...
EURUSD is at very crucial point right now.. The decline has taken place as expected earlier. Now the price is at the channel bottom line from where it could turn up or break down. If it breaks down there is one more hurdle at 1.1000 if broken that new lows on the pair are imminent. However, if it starts to give a bounce from the channel and goes up again, We...