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Using Elliot wave 5-wave cycle its time to go to number 5, its a simple concept, yet simplicity could work.

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Expecting EURUSD to strengthen until end of year.

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There is a new weekly high followed by yesterday's consolidation, potentially forming a cup and handle chart pattern (still to see) and having a bullish continuation.

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Entering a new month - expecting an overall downward pressure on prices. The market has retraced already beyond 50% of the last uptrend, and would expect to see some profit taking at 61.8% level. Expectations % June bullish: 20% June bearish: 40% June ranging: 40% **Please note the above material is for educational purposes only and not suitable for advise or...

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30 of Sept: Last daily bar is a counterattack bullish candle line. I believe it neurtralised a bit the downtrend, though downward momentum still exists as seen through EMA8 cross below EMA50. The critical region is the Support Line at the region 96.30 +- 0.20 Given the price remains above that level its likely to be bullish in the medium term. Awaiting for a...

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Looking at the 50% and 61.8% retrecement regions for buying points 1 and 2 respectively. Currently (22/1/14), the buying point 1 is trying to hold. However, if Buying point 1 is not held and the sell-off continues, will be looking for a weekly/monthly bullish candleline at the 61.8% retracement level (similar to that seen at buying point 1) and determine if Buying...

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The downward potential is there because there has not be significant buying strength near 50% and 62% retracements. Will keep an eye on the upcoming break-out of the wedge

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Whilst the Moving Averages and current trends direction is bullish, we can ask ourselves if this could be a turning point for GBPUSD. Chances are it wont and new highs are to be made. However the three advancing blocks (3 weak white soldiers of last 3 candlesticks) combined with the Elliot wave theory (marking the trend as a possible last wave 5) and the...

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Expecting the support at 1839 to hold in the 60min timeframe (basing my idea on my prior S&P500 60mins published comment).

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9/1/14 Having seen S&P500 head for the sky, there are a number of traders who would like to get the reversal due to good reward to risk ratios. My opinion is that, one needs to wait for confirmation prior shorting for a long term trade (given a tight stop above the S&P high is used). The current primary trend is similar to the ones of 1995-2000 & 2003-2007 (5 year...

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9/1/14 The steeper uptrendline was broken last week and resulted in a medium term bearish outlook, dropping to 1.3575 followed by 1.3550. From the chart, as seen in the circled area, price action above the flatter uptrend can show bullishness. The closest main resistance is at 1.3680 and price action above it can deviate bearish expectations to bullish. I'm...

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31/12/13 Awaiting to see if the H&S pattern will be valid. Interesting to see this pattern being at the All time highs of S&P 500. Though it doesnt mean it will surely work. *correction in the chart comments: "The last two daily BARS are ...."

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29/12/13 - 9/1/14 is the date range in which to expect high volume. The minimum trading days where high volume is seen so far is around 11days and maximum is 22 days. It is therefore likely that we are now at a period to observe day(s) of high volume and volatility in BTCUSD.

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30/12/13 4hr chart Expecting the upward momentum to continue in the short term.

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30.12.13 - Daily Chart Would await for a buy signal near the uptrendline. If the trendline is broken, would look at Support line 1 for a buy signal, but if daily bar closes below SL1, it can be seen as a short term bearish signal. Support line 2 may be broken if visited since lots of Stop orders could be placed there.

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23/12/13 The Long term outlook is Long since the inverse H&S pattern is quite a strong one: the support held and the price action is now near the highs. However a failed H&S pattern is still possible as the RSI is showing a bearish divergence. Things look for in order to remain bullish: 1. A weekly close above the downtrend line coming down from 2010 2....

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23/12/13 The signals of direction are pretty mixed; However the following could be taken into consideration: Bullish Signs: 1. Price greater than EMA8 which is above EMA50 and EMA200 --further upward signs 2. Volatility stop far away from price -- favouring the long side 3. Upward trendline in the chart is not broken 4. Ranging with new highs made last week...

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It against the trend to go long however it could work as the daily analysis I have written on the USDJPY Daily chart supports the idea up to an extent. In case it works it will be good tightening stops a bit in case the trend takes over