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Messages - machala
1
« on: March 17, 2011, 05:02:49 am »
Trade Idea: EUR/JPY ? Sell at 112.35<p>Although the single currency tumbled this morning on massive risk aversion activities, as euro quickly rebounded from intra-day low of 106.50, suggesting a minor low has been formed there and consolidation with initial upside bias is seen for retracement to 111.20/25, however, reckon 112.35/40 (61.8% Fibonacci retracement of 116.00-106.50) would<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/TOefolrchdg" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Sell at 112.35
2
« on: March 16, 2011, 11:01:07 pm »
Trade Idea: AUD/USD ? Sell at 1.0045<p>Despite yesterday?s anticipated selloff to 0.9815, as the Australian dollar recovered after holding above previous support at 0.9803, suggesting consolidation above this support area would take place and retracement to 1.0000 cannot be ruled out, however, as we are keeping our view that wave B has ended at 1.0203 as<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/k8s73WQm7TU" height="1" width="1"/> Source: Trade Idea: AUD/USD ? Sell at 1.0045
3
« on: March 16, 2011, 05:01:19 pm »
Trade Idea: USD/CAD ? Buy at 0.9795<p>Although early anticipated rally to 0.9974 adds credence to our view that wave 5 has ended at 0.9667 last week, the subsequent retreat from there suggests consolidation with initial downside bias would be seen and weakness to 0.9790/00 cannot be ruled out, however, reckon previous minor resistance at 0.9760/65) would<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/aa5PNA93CoE" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Buy at 0.9795
5
« on: March 16, 2011, 05:00:08 am »
Trade Idea: EUR/JPY ? Sell at 114.20<p>Although the single currency slipped again to as low as 111.97 yesterday, as euro quickly rebounded from there to as high as 113.48 today, suggesting minor low has been formed there and consolidation with mild upside bias is seen for retracement to 113.90/00 but reckon renewed selling interest would emerge<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/JfRsmHWaxk8" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Sell at 114.20
9
« on: March 15, 2011, 05:01:10 am »
Trade Idea: EUR/JPY ? Sell at 114.50<p>Although the single currency has retreated after yesterday?s sharp rebound from 112.51 to 114.83, a break of said support is needed to signal decline from 116.00 top has resumed for a stronger retracement of recent upmove to previous support at 111.95/00, otherwise, further consolidation would take place and recovery back<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/YuhGtxQJmII" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Sell at 114.50
14
« on: March 11, 2011, 05:04:52 pm »
Trade Idea: USD/CAD ? Buy at 0.9720<p>The greenback only eased to 0.9723 before finding renewed buying interest and the currency pair just rebounded again, adding credence to our view that a temporary low has been formed at 0.9667 and consolidation with upside bias remains for retracement of recent decline to 0.9850 and possibly towards 0.9900, however,<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/UQ3W-RLrxi0" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Buy at 0.9720
15
« on: March 11, 2011, 12:29:43 pm »
Trade Idea: EUR/GBP ? Sell at 0.8670<p>As the single currency has rebounded again after yesterday?s retreat to 0.8534, suggesting near term upside risk remains for the rise from 0.8357 to extend marginal gain above resistance at 0.8635, however, as broad outlook is still consolidative, resistance at 0.9672 should limit upside and bring retreat later. Below said<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/_oN7mfkhoUU" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8670
16
« on: March 11, 2011, 05:53:08 am »
Trade Idea: AUD/USD ? Sell at 1.0120<p>Although aussie fell to an intra-day low at 0.9969, as the Australian dollar has rebounded after holding above previous support at 0.9966, suggesting consolidation with mild upside bias would be seen for rebound to 1.0100 but reckon 1.0133-34 would limit upside and bring another decline later. A sustained breach below<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/3d8rADYB3Sw" height="1" width="1"/> Source: Trade Idea: AUD/USD ? Sell at 1.0120
17
« on: March 10, 2011, 11:03:24 pm »
Trade Idea: AUD/USD ? Sell at 1.0120<p>As the Australian dollar dropped in tandem with kiwi, adding credence to our view that the rebound from 0.9803 has ended at 1.0203 as a triple three (abc-x-abc-x-abc) and consolidation with downside bias remains for weakness to 0.9966 but break of support at 0.9944 is needed to confirm this view<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/CNTpsjGOfKo" height="1" width="1"/> Source: Trade Idea: AUD/USD ? Sell at 1.0120
18
« on: March 10, 2011, 05:00:22 pm »
Trade Idea: EUR/GBP ? Sell at 0.8670<p>Despite intra-day fall to 0.8534, as the single currency found good support there and staged a sharp rebound, suggesting near term upside risk remains for the rise from 0.8357 to bring another test of 0.8635, above there would bring one more rise but upside should be limited to previous resistance<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/X-ckHWQ24LA" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8670
19
« on: March 10, 2011, 11:05:45 am »
Trade Idea: USD/CAD ? Buy at 0.9700<p>Despite yesterday?s fall to 0.9667, as the greenback has rebounded today, suggesting a temporary low has possibly been formed and consolidation with mild upside bias is seen but break of minor resistance at 0.9777 is needed to add credence to this view, bring correction of recent decline to 0.9850 and<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/BLEwPeqL-x4" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Buy at 0.9700
21
« on: March 09, 2011, 11:02:58 pm »
Trade Idea: AUD/USD ? Sell at 1.0160<p>Despite rebounding to this week?s high of 1.0185 on Monday, the subsequent retreat below support at 1.0075 has retained our consolidative view and as long as resistance at 1.0203 holds, mild downside bias remains for weakness towards 1.0000, however, break there is needed to signal the rebound from 0.9944 has<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/zfdtfaENQ9M" height="1" width="1"/> Source: Trade Idea: AUD/USD ? Sell at 1.0160
22
« on: March 09, 2011, 05:32:02 pm »
Trade Idea: USD/CAD ? Buy at 0.9600<p>Although current breach of previous support at 0.9684 confirms medium term downtrend has resumed and further weakness to 0.9600/10 would be seen, as this move is losing downward momentum and is treated as the wave 5 of recent decline, reckon 0.9550 would hold and bring rebound later. This week?s high<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/aRX12Pnj7wE" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Buy at 0.9600
24
« on: March 09, 2011, 05:05:56 am »
Trade Idea: EUR/JPY ? Turn short at 115.45<p>The single currency has remained sidelined after retreating from last week?s high of 116.00 and further consolidation should take place, however, as long as said resistance holds, mild downside bias remains for retracement of recent upmove to 113.70-80, break there would confirm top has been formed there, bring stronger correction<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/zg6456rE7qM" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Turn short at 115.45
25
« on: March 08, 2011, 11:07:55 pm »
Trade Idea: AUD/USD ? Stand aside<p>Although aussie rebounded yesterday to as high as 1.0185, price faltered below indicated resistance at 1.0203 again and has retreated, suggesting further choppy consolidation would take place but break of indicated support at 1.0075 is needed to revive our near term bearishness and signal the rebound from 0.9944 has ended<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/JnMMhYcPmA0" height="1" width="1"/> Source: Trade Idea: AUD/USD ? Stand aside
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