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Topics - machala
51
« on: February 28, 2011, 11:02:26 am »
Trade Idea: EUR/GBP ? Sell at 0.8640<p>Although the single currency retreated after rising to 0.8593 last week, as long as 0.8490/00 holds, upside risk remains for recent rise to bring another test of said resistance, however, as this move is viewed as a strong retracement of the decline from 0.8672, reckon 0.8650 would limit upside and<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/OCZ5lB601ng" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8640
52
« on: February 28, 2011, 05:03:24 am »
Trade Idea: EUR/JPY ? Buy at 111.50<p>Although the single currency slipped again this morning to as low as 111.95, as the move from 114.22 is viewed as retracement of recent upmove, downside to should be limited to 111.50/60 and minor support at 111.20/25 should hold, bring another upmove later. A break of minor resistance at 113.45<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/zGuZYiZvtbE" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Buy at 111.50
54
« on: February 25, 2011, 05:07:05 pm »
Trade Idea: USD/CAD ? Stand aside<p>Although the greenback did resume recent downtrend to 0.9795 today, as recent decline is losing momentum, suggesting current minor wave 5 decline would be limited to 0.9760/70 and reckon 0.9710/15 (100% projection of 1.0210-0.9889 measuring from 1.0035) would hold from here, bring correction later today or early next week.</p><img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/K1RS4AD3gK8" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Stand aside
55
« on: February 25, 2011, 11:05:50 am »
Trade Idea: EUR/GBP ? Sell at 0.8640<p>Although the single currency has retreated after intra-day brief rise to 0.8593, this week?s rally suggests near term upside risk is for a strong retracement of the decline from 0.8672 and one more rise to 0.8620 cannot be ruled out, however, reckon 0.8650 would limit upside and said resistance at<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/UiZzhobDFoI" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8640
56
« on: February 25, 2011, 05:23:56 am »
Trade Idea: EUR/JPY ? Stand aside<p>Despite yesterday?s marginal fall to 112.19, as the single currency has rebounded again after holding above indicated previous support at 112.09 (last week?s low), suggesting further choppy consolidation would take place and gain to minor resistance at 113.83 cannot be ruled out. Having said that, break of this week?s high<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/6TAPY62ho90" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Stand aside
57
« on: February 24, 2011, 11:15:13 pm »
Trade Idea: AUD/USD ?Sell at 1.0120<p>Although aussie has retreated after intra-day brief bounce to 1.0084, break of support at 0.9966 is needed to signal the fall from 1.0158 has resumed and extend weakness to 0.9944, otherwise, further choppy trading would take place and another rebound to 1.0100 and possibly 1.0120 cannot be ruled out but<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/aGLn7UHcu-c" height="1" width="1"/> Source: Trade Idea: AUD/USD ?Sell at 1.0120
58
« on: February 24, 2011, 05:13:57 pm »
Trade Idea: USD/CAD ? Stand aside<p>Very unfortunately yesterday?s rebound just hit our stop loss at 0.9960 (exactly the day?s high) before the currency pair turning back south again right from there and the greenback looks set to resume recent downtrend to 0.9800, then 0.9760/70 and possibly towards indicated eventual downside target at 0.9710/15 (100% projection<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/0oVone-Lz8Y" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Stand aside
60
« on: February 24, 2011, 05:05:21 am »
Trade Idea: EUR/JPY ? Stand aside<p>Despite yesterday?s rebound to 113.83, as the single currency has retreated again after faltering below this week?s high at 114.22, retaining our view that further consolidation below this level would take place and weakness to previous support at 112.09 (last week?s low) would be seen but break there is needed<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/72ZN4pEFqIg" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Stand aside
61
« on: February 23, 2011, 11:10:21 pm »
Trade Idea: AUD/USD ?Sell at 1.0120<p>Despite falling to 0.9966 yesterday, as aussie has rebounded today, suggesting further consolidation would take place and recovery to 1.0100 and possibly 1.0120 cannot be ruled out, however, last week?s high at 1.0158 should hold, bring another retreat later. A break of said support would extend weakness to 0.9944, however,<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/aUrICe5VXQs" height="1" width="1"/> Source: Trade Idea: AUD/USD ?Sell at 1.0120
63
« on: February 23, 2011, 11:04:43 am »
Trade Idea: EUR/GBP ? Sell at 0.8525<p>Euro?s rebound yesterday to 0.8477 on broad-based strength in the single currency adds credence to our view that further consolidation above last week?s low at 0.8357 would take place and another corrective rise to 0.8515 (50% Fibonacci retracement of 0.8672 to 0.8357) would be seen, however, reckon resistance at 0.8529<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/3eaLutQkFY4" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8525
64
« on: February 23, 2011, 05:22:56 am »
Trade Idea: EUR/JPY ? Stand aside<p>The single currency slipped yesterday on risk aversion and dropped to as low as 112.24 and although euro found support there and staged a strong rebound to around 113.90/92, break of yesterday?s high at 114.22 is needed to revive our bullishness and extend recent upmove to 114.90/00, otherwise, further consolidation<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/dXrd4C3rklI" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Stand aside
65
« on: February 22, 2011, 11:01:10 pm »
Trade Idea: AUD/USD ?Sell at 1.0100<p>Despite last week?s rise to 1.0158, the subsequent retreat on risk aversion signals the rebound from 0.9944 has ended there and consolidation with downside bias is seen for another test of this level, however, break there is needed to retain bearishness and extend weakness to 0.9900. Looking ahead, a drop<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/spGm4FXnYCw" height="1" width="1"/> Source: Trade Idea: AUD/USD ?Sell at 1.0100
66
« on: February 22, 2011, 05:11:12 pm »
Trade Idea: USD/CAD ? Sell at 0.9900<p>As the greenback has rebounded after holding above indicated support at 0.9816 (last week?s low), suggesting further consolidation above this level would take place and retracement to 0.9904 (last week?s high) cannot be ruled out, however, reckon 0.9945/50 would hold and bring another decline later. A break of said support<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/ajqiEqEyK5A" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Sell at 0.9900
67
« on: February 22, 2011, 11:02:44 am »
Trade Idea: EUR/GBP ? Sell at 0.8525<p>Despite euro?s intra-day retreat, as the single currency has rebounded again in part due to the hawkish comment from ECB official, retaining our view that further consolidation above last week?s low at 0.8357 would take place and another corrective rise to 0.8515 (50% Fibonacci retracement of 0.8672 to 0.8357) would<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/tmMfhB4P7dE" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8525
69
« on: February 21, 2011, 11:01:46 pm »
Trade Idea: AUD/USD ?Stand aside<p>Although the Australian dollar has retreated after intra-day retest of Friday?s high at 1.0158 and consolidation with mild downside bias is seen for test of 1.0088 (Friday?s low), break there is needed to signal the rise from 0.9944 has possibly ended and bring weakness to previous minor resistance at 1.0058<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/Y9ZTlqatcYw" height="1" width="1"/> Source: Trade Idea: AUD/USD ?Stand aside
70
« on: February 21, 2011, 05:51:53 pm »
Trade Idea: USD/CAD ? Sell at 0.9900<p>Although the greenback retreated after Friday?s rebound to 0.9875, break of last week?s low at 0.9816 is needed to confirm recent decline has resumed and extend weakness to 0.9760/70 and possibly towards indicated eventual downside target at 0.9710/15 (100% projection of 1.0210-0.9889 measuring from 1.0035) later.</p><img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/VOfeKU2z-74" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Sell at 0.9900
71
« on: February 21, 2011, 11:01:08 am »
Trade Idea: EUR/GBP ? Sell at 0.8525<p>Although the single currency slipped to 0.8359, as the currency pair rebounded after holding above last week?s low at 0.8357, suggesting further consolidation above this level would take place and another corrective rise to 0.8450 would be seen, above would bring retracement to 0.8515 (50% Fibonacci retracement of 0.8672 to<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/uWV8di1Nxlw" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8525
72
« on: February 21, 2011, 05:02:43 am »
Trade Idea: EUR/JPY ? Buy again at 113.00<p>Despite euro?s anticipated rise to 113.98 (our long position entered at 112.40 met objective at 113.85 with 145 points profit), as the single currency has eased after failing to penetrate indicated resistance at 114.02, suggesting minor consolidation would take place and retracement to 113.30/40 is likely, however, renewed buying interest<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/nMkejoO2ISw" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Buy again at 113.00
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