EUR/USD" title="EURUSD" width="464" height="277">Since our last update the EUR/USD pair has been trading in an upward move, developing impulsive wave (3) wave
(coloured purple) of the bigger wave 3 (coloured blue). At the moment we can observe development of the wave (5) (coloured purple) and we are expecting to see price around 1.3564 level todat.
Assuming that our wave rules are correct we project potential targets with with Fibonacci extensions (1.2824-1.2992-1.2824) with
take profit at 1.3564. We can enter a Long trade at 1.3125 and to protect our account we place stop loss at resistance level 1.030900
Support And Resistance
(S3) 1.3016 (S2) 1.3050 (S1) 1.3070 (PP) 1.3103 (R1) 1.3137 (R2) 1.3157 (R3) 1.3190
USD/CHF Elliott Wave
USD/CHF" title="usdchf" width="464" height="277">
For the last few days the USD/CHF was trading in a downward move, developing impulsive wave 3 (coloured blue). At the moment we observe developing of the corrective wave 4 (coloured blue) of the bigger (3) wave (coloured green). Assuming that our wave rules are correct, we project potential targets by measuring the wave
2 with take profit at 0.9277. In our opinion, the best place to enter the long trade is around 0.9245 and we put stop loss at level 0.9210 to protect our capital.
Support And Resistance
(S3) 0.9185 (S2) 0.9203 (S1) 0.9214 (PP) 0.9233 (R1) 0.9251 (R2) 0.9262 (R3) 9281
EUR/AUD Elliott Wave
EUR/AUD" title="EURAUD" width="464" height="277">
The EUR/AUD pair was trading in a bearish move for the last few days, developing wave (C) (coloured orange) of the bigger wave 2 (coloured purple). If we look at the two-hour chart we can observe that wave (B) (coloured orange) finished developing at 1.2737 level and we are expecting to see price around 1.2415 level in the next few days. We know that wave C usually retraces 100% of the wave A so we can project a possible end of the C wave with Fibonacci extensions (1.2823-1.2509-1.2728) at level 1.2414. In our opinion the best place to enter short trade is around 1.2595 level and we can put stop loss at 1.2722.
Support And Resistance
(S3) 1.2566 (S2) 1.2604 (S1) 1.2628 (PP) 1.2666 (R1) 1.2704 (R2) 1.2728 (R3) 1.2766
USD/SGD Elliott Wave
USD/SGD" title="usdsgd" width="464" height="277">
The USD/SGD pair was trading in a downward move for the last few days, developing impulsive 5 wave (coloured blue). If we look at the one-hour chart we can see that (3) impulsive wave ends at 1.2152 and we are expecting to see price going higher today. We know that wave 4 usually retraces 38.2% of the wave 3 so we can project a possible end of the corrective 4 wave with Fibonacci retracements (1.2309-1.2152 ) at level 1.2212. In our opinion the best place to enter long trade is around 1.2175 level and we can put stop loss at 1.2148.
Support And Resistance
(S3) 1.2121 (S2) 1.2141 (S1) 1.2153 (PP) 1.2172 (R1) 1.2192 (R2) 1.2204 (R3) 1.2223