EURUSD: Bearish Waves Moving Toward 1.3200-1.3150-Elliott Wave Analysis

EURUSD is finally trading lower, clearly in impulsive fashion from 1.3400 which is a third leg of decline, but ideally it represents an impulsive wave 3 of a larger five wave move

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Technical forecast for US and Euro Stock markets

EuroStoxx just held on to 2597 but below here today risks a retest of 2589/83 support & a second chance to buy in to medium term longs in

Today’s technical forecast for Energy Futures

WTI Crude Oil was predicted to sell off on Friday & we saw sharp losses for a retest of Feb lows at 95.06/94.97. We bounced just above here

Technical forecast for Spot Gold

Spot Gold fell just short of 1656/57 resistance where we expected a top. We have now retested the 1641/39 support & bounced as hoped, so we have a

Today’s technical forecast for Energy Futures

WTI Crude Oil went for a retest of 98.15/25 highs where we expected prices to top out with over bought indicators flashing in the short term & a

Technical forecast for US and Euro Stock markets

EuroStoxx broke 2661 but failed below 2671. Daily charts are more positive but short term we are overbought so looking for buying opportunities if we drift lower in

Technical forecast for Spot Gold

Spot Gold dipped below 1643/42 but only to 1639 before recovering. If we can now hold above 1649 we should push on to 1656/57 resistance. We could top

Today’s technical forecast for Energy Futures

WTI Crude Oil tested good support at 95.05/94.90 & shot higher straight to 96.90/97.10 resistance. If this continues to hold a bearish topping pattern remains in place and

Technical forecast for Spot Gold

Spot Gold has been directionless for over a week now stuck from 1684.05 down to 1658.01. Yesterday we held resistance at 1682.18-1683.10 and above Monday’s low of 1662.

Technical forecast for EUR/USD

EURUSD bounced from very good support at 1.3465/55 and our buying opportunity. Resistance at 1.3540/60 did cap for most of the day but we broke higher eventually but