Forex Analysis
Sebastian Seliga
2015-02-27 10:22:58 UTC+00 1 day, 10 hours, 22 min. ago
The alternative scenario suggesting an (a)(b)(c)(d)(e) blue triangle pattern might just have been completed and the yesterday's rally might be the first wave upward in shape of the leading diagonal. To confirm this kind of wave progression, the market cannot break below the level of 1.2885 (invalidation level) and it should bounce and reverse at the intraday support at the level of 1.2454. Any violation of this level would lead to the recent low test and possible invalidation of the bullish impulsive scenario.
Sebastian Seliga
2015-02-27 10:11:32 UTC+00 1 day, 10 hours, 34 min. ago
The Elliott wave scenario was relabeled as the general projections of the wave development turned out to be slightly different than anticipated. Currently, the whole structure that had been developing inside the golden channel was labeled as a triple-three corrective cycle wave XX brown and one more sub-wave down is expected here before the market will bounce and reverse to the upside. The key level for this bullish scenario is the intraday resistance at the level of 134.43 and any breakout higher is bullish.
Alexandros Yfantis
2015-02-27 09:45:34 UTC+00 1 day, 11 hours ago
The US Dollar index finally made a breakout yesterday. The US Dollar index has made an upward breakout which is a strong buy signal. I would expect a backtesting of the breakout today and then a resumption of the uptrend towards new highs. The longer-term target remains at 100.
Alexandros Yfantis
2015-02-27 09:40:50 UTC+00 1 day, 11 hours, 4 min. ago
Gold price reached the resistance of $1,220, as expected, and got rejected. The trend remains bearish and the support level of $1,200 will be put to the test. If the price manages to be held above $1,200, we could see another new upward reversal that could bring the price above $1,235.
Harsh Japee
2015-02-27 08:49:47 UTC+00 1 day, 11 hours, 55 min. ago
Technical analysis and trading recommendations for EUR/JPY for February 27, 2015. The EUR/JPY pair continues to drift between 133.50 and 135.50 levels. Trading at the lower end at 133.72, the pair is preparing to rally.
Harsh Japee
2015-02-27 08:21:47 UTC+00 1 day, 12 hours, 23 min. ago
Technical analysis and trading recommendations for GBP/CHF for February 27, 2015. The GBP/CHF pair is seen to be trading at 1.4650 levels for now. Immediate support is at 1.4620/30.
Harsh Japee
2015-02-27 07:37:27 UTC+00 1 day, 13 hours, 8 min. ago
Technical analysis and trading recommendations for Silver for February 27, 2015. Silver had rallied through $16.90 levels yesterday before pulling back.
Harsh Japee
2015-02-27 07:04:59 UTC+00 1 day, 13 hours, 40 min. ago
Technical analysis and trading recommendations for Gold for February 27, 2015. Gold has rallied through $1,220.00 levels in line with what was expected, before pulling back.
Torben Melsted
2015-02-27 06:03:34 UTC+00 1 day, 14 hours, 42 min. ago
We are back at the low from mid-January. Looking at the monthly chart, we can see that strong support is found near 1.4700. We also have a big doji candle in January indicating a possible bottom being in place or at least nearby. However, to confirm a bottoming being in place, we need a five wave rally and even better a break above 1.5231.
Torben Melsted
2015-02-27 05:53:42 UTC+00 1 day, 14 hours, 51 min. ago
The break below the support-line from 130.14 has forced us to consider wave (iv) as shown. The latter part of this count is very messy and we are still cautious as this mess quickly could turn into something entirely different.
Joseph Wind
2015-02-27 03:55:48 UTC+00 1 day, 16 hours, 49 min. ago
Ahead of US prelim GDP, greenback is trading lower against YEN & CAD. Both the pair favors to buy on dips.
Arief Makmur
2015-02-27 03:50:34 UTC+00 1 day, 16 hours, 55 min. ago
When the European market opens, some economic news will be released such as Italian Prelim CPI m/m, Spanish Flash CPI y/y, French Consumer Spending m/m, German Prelim CPI m/m, and German Import Prices m/m.
Arief Makmur
2015-02-27 03:49:43 UTC+00 1 day, 16 hours, 55 min. ago
In Asia, Japan will release the Housing Starts y/y, Retail Sales y/y, Prelim Industrial Production m/m, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y.
Joseph Wind
2015-02-27 03:47:09 UTC+00 1 day, 16 hours, 58 min. ago
We recommend fresh selling only below 1.5300.
Joseph Wind
2015-02-27 03:44:31 UTC+00 1 day, 17 hours, 1 min. ago
We recommend using every rise to sell with targets at 1.11, 1.0970, and 1.0930.
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