Elliottwave patterns and Fibonacci retracements reveal probable lower price ahead for EURUSD as long as 1.14520 holds.
More downside for crude oil as price still moves within the bearish channel. eeetradinganalysis.wixsite.com
The pair is still moving sideways, contained inside the channel. Limited move to those selling. Happy trading everyone!
As shown above, selling is limited and price might reverse. Happy trading everyone!
As long as price is inside the corrective channel (yellow barriers), we can say that Crude Oil is still correcting. Price may reach down first before uptrend resumes. Happy trading everyone!
As long as previous high - 1263.75 holds, we may say that Gold is still correcting down. Hence, we sell. We may see price reach 1183 - 1180 area, our target for profit taking. Happy trading everyone!
Gold almost touched our target at 1193, managing to bottom around 1194 area. Looks like trend is going up already. Happy trading everyone!
Gold might retrace first before uptrend resumes.
Price action shows sideways movement. Price may reach 0.7520 before uptrend resumes.
Previous hasn't been broken yet. A bounce towards 84 area is a good one.
Silver, like its sister Gold, is bullish for the moment as long as it trades inside the channel (yellow). Goal is around 18.200 area. Happy trading everyone!
Because it's still contained inside a bullish channel (red), we are expecting for the price to go up. It might target the 1270 area, which is the 100% equivalent of the previous uptrend. If in the event it will break outside the parallel line, the price may automatically go down. Happy trading everyone!
Current decline we see suggests that EURUSD did topped at its 50% fibonacci correction. Price already broke past the yellow channel's outer boundary which means that the trend is bearish once again. Happy trading everyone!
Silver, unlike its sister metal, has a lesser move up before it corrects down. Happy trading everyone!
Trading days from now, Gold may still move towards 1250 area before we see it correct. Happy trading everyone!
A bounce from 0.9850, retracing 61.8%, is a good one. We just have to keep an eye that price countinues to make lower lows. Happy trading everyone!
Previously, we anticipated this pair as bullish towards 0.7550 area. Price did hit the 0.7600+. The current movement suggests that AUDUSD is correcting and may or may not revisit 0.7450 before bulls reign once again. Happy trading everyone!
As with last week's analysis, we are still waiting whether oil price would retrace back to 49-50 area before soaring. Happy trading everyone!