Thursday, November 18, 2010

AUDUSD Chart

Monday, November 15, 2010

Wednesday, November 10, 2010

EUR.USD Chart Update


The Important level to watch here from the 3 levels i pinpointed on the chart is the first level at 1.3950-80 and might extend to 1.4 where the 50% ret. is.

Tuesday, November 9, 2010

EURUSD & AUDUSD Chart Update



Hi Traders
my yesterdays EURUSD chart worked like a charm , the trend spiked below the bottom of my support zone shown on my yesterday's chart at 1.3850 , it went to around 1.383s before reversing higher , the MACD indicator on the chart shown here confirms the short term bottom with 3 waves up to emerge before the down trend continuation
levels to watch on the upside for potential reversal down again is at 1.40-41 with 1.4050 is the key level i m watching
Aussie showing a break higher from a triangular 4th wave pattern with more upside to come which is similar to the gains expected in the EURUSD Chart.

Monday, November 8, 2010

EURAUD Chart Update


Untill a bottom of wave 1 is confirmed , i cant accurately pinpoint the levels to watch for the end of the possible wave 2 up , will update the chart as soon as i get a confirmation from the market that the support zone i shown on the chart did hold the trend for the end of wave 1

Friday, November 5, 2010

EURAUD Chart Update




i m puting in the 2H Chart and 2 short term Scenarios on the 15M chart.

Thursday, November 4, 2010

EURAUD Chart Update


i m correcting the EW Count on the chart as i believe this strong momentum up should be labeled as wave 3 with the 4th wave consolidation to come before the final push up.

Wednesday, November 3, 2010

EURAUD Chart Update And $I



Hi , Traders , i m putting an update for the Dollar index chart that has proved very accurate from my previous post for it , i m expecting a bounce up in the dollar at the 2 levels i m showing on the chart which will be the end of wave 5 up in the EURUSD.
yesterday , the price action was messy after the FED'S Decision , and its hard to accurately apply the EW Counts on the small time frames but as i m showing in the 2H chart for the EURUSD , i m expecting a consolidation pattern to form which will be the 4th wave of the 5th wave up , 1.40 is a critical level to watch now , 1.4200-50 is the resistance on the upside .
as soon as i recognize any pattern , i ll post the update for this chart here with lower timeframes but i would say everyone should be cautious on the long side from here , as i m expecting a bounce in the Dollar index at the 2 levels shown on the chart , the bottom could be around 75

Monday, November 1, 2010

EUR.USD Trade Update (15M Chart )

EURAUD Chart


i m throwing this EURAUD chart not for trading it , but for planning the next trade ,although the Aussie has been stronger than the Eur in the last up swing , but i m expecting a turn up point in the EURAUD chart shown here , which might start a stronger up swing in the Eurusd after this possible correction , so maybe the next long opportunity will be with the EURUSD not the Aussie

EUR.USD Chart Update


The trend has just hit the descending resistance line shown on the chart from the recent to up swings , and we could see some ret. from here into wave E of the triangle or wave (ii) of wave 3 assuming we are already on the 5th wave up , Fib. Support levels to watch extends from 1.3840 - 1.39 although a drop to 1.38 where the triangle trend line support might be possible too .
if the trend breaks above 1.4 level and tests the recent high at 1.4070 , that could be a strong indicator that we r currently on wave 3 already and eliminates the triangle 4th wave count