dax1

Technical forecast for Dax

Dax Dec13 had an inside day yesterday which can be a short term negative signal. We broke Friday’s high & Fibonacci support at 9192 as feared but held just above the target of 9155/52.

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corn1

Technical forecast for Corn

Corn held 412/11 & managed to beat 415/16 as we look for a selling opportunity at 420/421. This should hold a move higher today but shorts need stops

gbpusd1

Technical forecast for GBP/USD

GBPUSD broke 1.6077 but bounced from 1.6055. There is no direction this week so we watch for support at 1.6095/90 then 1.6055/45. Below 1.6030 keeps the market under

dax

Technical forecast for Dax

Dax Dec13 broke all time highs at 9197 & reached 9235/40 but fell just 8 points short of the next target of 9265. We dipped to Friday's high

corn

Technical forecast for Corn

Corn broke 420/419 & as we warned the outlook remains weak, a break below 415 was seen & the 1 year bear trend continues as we hit the

gbpusd

Technical forecast for GBP/USD

GBPUSD could not sustain a break above 1.6140 & saw a drift lower towards 1.6070 which was expected to hold & we bottomed almost exactly here at 1.6077.

usdjpy-sep-20-4h

USDJPY Elliott Wave Analysis Suggests Short-term Prices Are Back In Bullish Mode

USDJPY reversed sharply from 97.75 region in this week, which appears to be an impulsive price action that also took out the upper side of a downward channel.

eurusd2

Technical forecast for EUR/USD

EURUSD held support at 1.3325/20 & held 1.3370/80 all through the session until the FOMC announcement. We then tore through August highs at 1.3450 to reach 1.3541. We

gbpusd2

Technical forecast for GBP/USD

GBPUSD held trend line support at 1.5895/85 & shot higher on the FOMC to reach 1.6163. A break above 1.6178 today signals further gains towards a target of

SP4

Technical forecast for S&P 500

Emini S&P Dec13 held immediate support at 1692 then rocketed higher through 1718/19 to set a new all time high at 1723. Above here today look for 1728/29