DanV

DanV

Please for details, my last published chart 4 (Hr) 2 months ago following the spike low around 151 originally outlining possible 380- 400 upside target which then looked not likely is potential back. We have been following our daily time frame chart which I have been using as our Road Map and have served us well. The larger falling wedge we have been tracking...

DanV

About a month ago, I published the chart of EURUSD suggesting that shorting opportunity was available as a retracement in new bullish cycle. We indeed have a zigzag retracement which was quite impressive and it did retrace 61.8%. Ordinarily that would be sufficient and we would have expected a new impulsive cycle up. However, in looking at the zigzag with it low...

DanV

There are wide spread negative views for most USD pairs on the basis that FED might raise rates at some stage which would support USD strength. In the light of this it seems impossible for NZDUSD to form low in this area. I admit that I could be completely wrong and if so will not have to wait to find out. However, looking at the KIWI chart on Monthly, supports...

DanV

Purely Technical Outlook: Based on the price data going back to 1994 if that was the IPO of the company, then it has rising to 2014 high in clear 5 wave impulsive move and could now be making a major retracement of the entire rise. Not particularly sure of the fundamental of the company but its price weakness could be compounded by wider market weakness and it...

DanV

Most of the other YEN pairs have recently declined strongly from earlier in the year which in varying degree are being retraced with some possibly still in progress and others might have just completed. CADJPY - appears to be such pair that might have completed the retracement and could be in very early stage of resumption of the down trend and potentially offer...

DanV

About a month ago I published the following charts: 1. EURUSD - Could it be the come back kid? (Updated), identifying approximate downside target Wave A = Wave C in the region of 1.03581. I did not feel that it was headed for parity as may analyst and commentators were suggesting. 2. Also publish DXY chart suggesting that it was at potential reversal zone, with...

DanV

Most USD pairs weakness against USD has be very stretched have been appearing to either reverse trend or at least make noticeable retracement GBPUSD is not different. It is possible that the recent bottom formed in April could be significant one resulting in trend change or may be just an intermediate low. Also as it was severally oversold exasperated by...

DanV

In my previous GBPNZD chart I suggested a potential larger contracting triangle and associated long trade highlighted has developed really well the low. However the price action has now overshot the requirement for contracting triangle upper limits (see chart link below) Therefore, the contracting triangle is no longer valid, nevertheless in the longer term the...

DanV

In my last published chart some 2 months ago following the spike low around 151, I made provisional adjusted to the wave counts to reflect the price action still suggesting that the bearish cycle is still in action and has further to go. The reason for this was that bounce from 150 - 300 in not in clear 5 waves, rather it is in 3 swing zigzag. Hence, in making...

DanV

In the last published NZDUSD chart (a month ago) our short at 0.77 was partially successful. However since then the price went on to continue complex retracement to the upside. For the background details I would suggest you review that chart if necessary to understand the details below (see link to that chart). (Many are very bullish on NZDUSD pair which might...

DanV

EURUSD remains in larger bearish cycle that whilst very mature still has some downside potential, which could be seen in my last chart published about a month ago with possible 1.04 - 1.03 downside target (see link below). Since forming March 2013 low, it has been in larger congestion zone. Many are anticipating possible larger triangle formation which is...

DanV

BULLISH TRADE ENTRY IMMINENT (UPDATE) NOTE: I am sure there are several economic & fundamental factors at play in this pair as is always the case in all financial instruments. However, I am not considering these and are analysing price chart from technical perspective alone. It is hard to make any long term accurate projections using any form of analysis, so...

DanV

AUDUSD is still in longer term downtrend. In the last short term chart we were successful in taking short which didn't reach the 1st target level but came close. However, since then, it has bounced strongly in abc zigzag in what appears to be wave 4 retracement. The today's gap up open could set the scene for excellent short entry with tight...

DanV

I wish to update the last chart I publish little over 2 weeks ago with suggestion that 210 could be potential downside target. Well we are progressing well towards that target though the price action is little puzzling in that the counts are not conforming to what we anticipated. This will require review of price action since 150 low and feel we could have...

DanV

In my previous chart (over 2 months ago) I suggested a long trade which materialised but from little lower lever;. That long trade was a retracement of the previous strong decline which bottomed at 91.70 in Late January. That low could be potentially larger Wave A low and we have almost completed a retracement in the for of abc zigzag. If correct then we are in...

DanV

AUDUSD - Potential Short Imminent (2nd Entry) with FOMC's Minutes later today Please check the main chart with link below which shows larger bearish cycle with lot of room to the downside. I am publishing this chart purely because the nature of retracement seems to suggest we have abc zigzag retracement with potentially wave "c" as being ending diagonal (Rising...

DanV

We are still good in following our roadmap for longer term based on daily chart of BTC which I published nearly just over a month ago. Since then as many of you already know, I have been sharing my shorter term updates charts in the Bitcoin Chat. It is possible that we might have already topped for what might be wave 4 shown in our roadmap chart which in Finex...

DanV

We are still good in following our roadmap for longer term based on daily chart of BTC which I published nearly a month ago. Since then as many of you already know, I have been sharing my shorter term updates charts in the chat. It is possible that we might have already topped for what might be wave 4 shown in our roadmap chart which in Finex is 307 spike...