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It seems that USDJPY has finally found the base at 101.17 where we labeled a completed wave (b) and that price is now heading to the upside within wave (c). Notice that reversal from latest swing low was fast and sharp so we see it as impulsive bounce that is part of current bullish sentiment. Based on minimum expectations we expect a break above 102.82 high, but ideally rally will reach 103.43 figure.
Gold has extended it’s gains well above 1300 mark in the last few weeks from 1251, triangle low. Notice that we have adjusted the wave count but actually massage is the same; we see a corrective advance from 1181 moving into 1345/50 resistance. We are observing a zigzag with a triangle placed in wave (b). We also know that wave (b) pattern CANNOT be labeled as wave two, because triangles never occur in wave two position. So we believe that rally is a contra-trend and that gains will be limited. However, before we can confirm a bearish reversal we need an impulsive structure to the downside. In other words, we need five wave decline back to 1300 area.
The British Pound has come under pressure this
The Euro has continued to move higher at
It seems that USDJPY has finally found the base
The GBP/USD has displayed a bullish tone since
Gold has extended it's gains well above 1300 mark
The Securities and Futures Commission (SFC) is an independent
The mission of the U.S. Securities and Exchange Commission
The Comisión Nacional del Mercado de Valores (CNMV) is
Since it was established in May 2002, the Federal
Financial Services Agency The Central Common Government Offices No.