Morning technical analysis – 6 February 2014February 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading relatively flat against the dollar ahead of the key ECB decision this afternoon. This has actually been the case over the last couple of days leaving the pair in a consolidation phase and unlikely to break out before the rate decision and […]
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Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereApril gold is trading lower but the main trend is still up on the daily chart. The market is trading inside yesterday’s range, suggesting trader indecision. Bullish traders seem to be holding out hope that the emerging market problems will lead to lower equity prices […]
Analysis exactly one month ago expected to see an intermediate degree correction which should last about four weeks and end about 526.Since 6th December, 2013 AAPL has exhibited typically corrective movement in a three wave structure, so far reaching down to 533.60, $7.60 beyond the target. I expect the structure is very close to completion. The target has been recalculated […]
Last analysis of Silver expected more downwards movement towards a target at 18.999. Downwards movement continued, reaching 18.585, 0.414 below the target.The wave count remains the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag, which is within a bigger zigzag trending upwards one degree higher for intermediate wave (B).Within minor wave B minute wave […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereDaily EUR/USD Technical AnalysisDaily EUR/USD ChartThe EUR/USD is trading lower at the mid-session. Volume is light because of the holiday trade.The main trend is up on the daily chart. The main range is 1.3624 to 1.3892. This forms a retracement zone at 1.3758 to 1.3726. […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereDaily EUR/USD Technical AnalysisDaily EUR/USD ChartThe EUR/USD is trading lower at the mid-session after taking out yesterday’s low. The short-term range is 1.3811 to 1.3625, making 1.3718 to 1.3740 the next potential upside target. The lower or 50% level at 1.3718 was tested on Monday […]
Last analysis expected more downwards movement towards a short term target at 96.49. Downwards movement reached 96.21. Price turned upwards from there.The wave count is the same.Click on the charts below to enlarge.The bigger picture sees US Oil in a new downwards trend to last from one to several years. There is now a clear five wave structure downwards on […]
Using Technical Analysis IndicatorsTechnical analysis is a method of examining past market data to help forecast future price movements. Using different tools, indicators, and charts, traders can spot important price patterns and market trends, and then use that data to anticipate a market’s future performance.Technical analysis is based around a market’s price history, rather than the fundamental data like […]
Last analysis of Silver expected more upwards movement towards a target at 20.184 before the resumption of the downwards trend for one final fifth wave.Upwards movement continued and has reached 0.305 above the target so far. Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within a bigger zigzag trending upwards one degree […]
