Euro at the End of Elliott Wave?

(Click on image for larger view) Hi All, This is just a quick post on EURUSD. The chart above shows a potential Elliot Wave pattern on this pair. Although I’m not an E Wave expert, I do pay attention to them when one is screaming at me (like the one above). Based on the cardinal rules…

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Weekly Commentary: 20th Jan 2013

Previous commentary: Commentary on 13th Jan 2013 Hi Readers, The USD index made a turn around and started heading north at the start of the week. I have a very slight long bias because of the new higher low (bar on 14/1) and higher high (bar on 4/1). Irrespective of that bias, the index has definitely…

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Weekly Commentary: 13th Jan 2013

Previous commentary: Commentary on 6th Jan 2013 Hi Readers, As commented last week, the USD index was over exhausted and started heading south on Thursday. Price looks fairly bearish and ready to head even lower, with $79 level as the immediate target and it looks likely to go beyond that. I’m now eager to see what…

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Weekly Trade Commentary: 6th Jan 2013

Previous commentary: Commentary on 30th Dec 2012 Hi Readers, Happy New Year!! If you just returned from you holidays, hope you had a great break. The USD index made a clean touch around $81 and ended the week with a high test bar. While price made a new swing high, it looks over exhausted. This is…

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Weekly Trade Commentary: 16th Dec 2012

Previous commentary: Commentary on 9th Dec 2012 Hi Readers, The USD index made a complete turn around at the start of the week. Unfortunately, it didn’t move any higher than what I expected. Instead, it just tanked. As mentioned in my last article, we need to learn to switch our market views (read article) quite spontaneously. With that,…

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Weekly Trade Commentary: 2nd Dec 2012

Related article: Commentary: 25th Nov 2012 Hi Readers, The USD index closed the week at around 80.2 (again). As mentioned in last week’s commentary, this is a pretty strong level. Buyers and sellers are in equilibrium and, as evident, most majors and minors pairs closed the weekly bar as doji. At the moment, my short term…

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Weekly Trade Commentary: 25th Nov 2012

Related article: Commentary on 18th Nov 2012 Hi Readers, The USD index closed the week at around 80.2 which happens to be a strong level. The Friday bar was a strong bearish but (very) extended. This could only mean 2 things – (1) more momentum downwards or (2) an over extension which would lead to a…

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Weekly Trade Commentary: 18th Nov 2012

Related Article: Commentary on 11th Nov 2012 Hi Readers, The USD index continues to strengthen last week. It’s pretty annoying since I’m waiting for a pullback before any decent set ups would be valid. Nonetheless, the EURUSD and GBPUSD did start to retrace slightly towards the end of the week though the there’s nothing substantial yet.…

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EURUSD & AUDUSD – Keeping A Close Eye

Hi Readers, This is just to let you know that I’m keeping a close eye on these pairs. As mentioned on my weekly commentary, there are some nice opportunities coming up on the majors though we’re not quite there yet. (Click on image for Larger View) EURUSD – I’ve love to see a pullback to…

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Weekly Trade Commentary: 11th Nov 2012

Related Article: Commentary on 4th Nov 2012 In line with my commentary last week, the US Dollar continues to strengthen after making new highs this week. While my view is long, the dollar seems slightly over extended, I’m expecting a pull back (if any) before taking any action. With that, my view is that there is EURUSD,…

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