by Lara | Feb 16, 2017 | Silver |
Last week again expected upwards movement for Silver, which is again what has happened. Summary: Look for support for a pullback here at the lower edge of the blue base channel on the daily chart. If price again comes down to touch that line, use it as an opportunity...
by Lara | Feb 16, 2017 | Gold |
Upwards movement for the main Elliott wave hourly chart was expected to reach a target at 1,240. Price moved higher as expected to reach 1,241.99. Summary: The target for a deep pullback is at 1,148. Corrections along the way down present opportunities to join the...
by Lara | Feb 15, 2017 | Gold |
Price made a lower low and lower high today, the definition of downwards movement. Overall, this was expected. But the session closed green with a strong bounce and that was not expected as the most likely scenario, but it was allowed for. Summary: The target for a...
by Lara | Feb 15, 2017 | Natural Gas, Public Analysis, Trading Room, USDJPY |
Today’s Trading Room looks at Natural Gas and USDJPY. To learn what the Trading Room is about see first Trading Room analysis here. Trading Room will focus on classic technical analysis. Elliott wave analysis will be for support and for targets / invalidation...
by Lara | Feb 14, 2017 | US Oil
Again, price continues to consolidate for US Oil and On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the...
by Lara | Feb 14, 2017 | Gold |
A little upwards movement fits the Elliott wave count. The first in a series of second wave corrections may now be complete today. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk management: 1. Always use a stop. 2. Invest no...
by Lara | Feb 13, 2017 | Gold |
Downwards movement continued as expected for Monday’s session. The main Elliott wave count remains the same. The alternate is slightly adjusted at the hourly chart level. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk...
by Lara | Feb 12, 2017 | EURUSD, NZDUSD, Public Analysis, Trading Room, US Oil, USD Index, USDJPY |
Today’s Trading Room looks at USDJPY, USD Index, NZDUSD, EURUSD and US Oil (by popular demand). To learn what the Trading Room is about see last Trading Room analysis here. USDJPY TECHNICAL ANALYSIS Click chart to enlarge. Chart courtesy of StockCharts.com. For...
by Lara | Feb 11, 2017 | Gold |
Friday’s session moved price lower as expected. A strong bounce has found resistance right at the lower edge of a trend channel. This also was expected as reasonably likely behaviour from price. Summary: Probability has shifted back to a deep pullback beginning...
