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EUR Chopppy Price Action Expected in Weekly and Monthly Charts

My analysis based on Elliott Wave Principle, As per long term Elliott Wave Analysis EUR/USD on DOUBLE ZIGZAG pattern. Now progressing Wave (C) of X.WEEKLY CHART: DAILY CHART: I am Expect choppy price action on APRIL and MAY months. As per my prediction APRIL month top could be placed today (10/04/13), further weakness expected on April month this is leads to 1.2600 FIBO level. 1.2600 psychological level may be APRIL low or May month Low. I expect more buyer are enter into the market on that psyc…
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Applying Elliott Wave - EUR/USD On Corrective Move

EUR/USD chart clearly shows an Corrective moves. An Corrective wave has 3 Wave Structure.The benefit of trading with the Elliott wave Principle and FIBO ratios is that it allows you to anticipate market action so that you are ready for the next move.EUR/USD 4hr CHART:Wave Analysis:The above Chart clearly shows EUR/USD on A-B-C FLAT Corrective pattern on 4 hr chart.The basic rules that an FLAT corrective wave should follow are:[list][/list]…
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GBP/USD Trying to Form DOUBLE ZIG ZAG Pattern

GBP/USD trading on sideways after very steep fall on first quarter of this year. As per my Elliott Wave Count this pair trying to form the DOUBLE ZIG ZAG PATTERN. 8 HOUR CHART:Well on the 8 hour chart we can count IRREGULAR ' A) ', ' B) ' and ' C) ' waves, this corrective wave i labeled as wave ' W ' in red. Wave ' W ' exactly reverse at the 50% retracement of the wave ' (A) ' in green. After that very steep downward movement that's also end at the 38.2% EXPANSION of Wave ' (A) ' high, low in gr…
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EUR/USD on Corrective Move

Eur/Usd moving on sideways from starting of this year. Mid of JUNE Month EUR/USD finished its double ZIGZAG pattern as per my Elliott Wave Analysis.8HOUR CHART:The below chart clearly shows wave (B) formed as double ZIGZAG pattern on Mid of JUNE month finished this pattern and fell sharply upto 1.2750. This support zone contains FIBO levels and previous month lows. After hit this support Zone we can see nearly 450 pips Impulse move.Till end of the JULY and starting of the AUGUST month we can exp…
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AUD/USD Expectring Retracement on Coming Months

AUD/USD Expecting Retracement on coming months. After sharp fall from April month AUD/USD losing BEARISH strength and consolidating in a tight range.DAILY CHART: AUD /USD still trading below the Monthly PIVOT POINT, As per my prediction this pair get support from the monthly support level. AUD/USD breach the 20 D SMA level on second week of this month but this is not hold for a long time, Now this pair trading below the 20 D SMA. I expecting Bearish rally could extensive this month.4HOUR C
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EUR/USD Showing More Sideways

Eur/Usd showing range bound trading between 1.2750 to 1.3400 levels.As per my Elliott wave analysis EUR/USD should fall upto 1.2600 level at end of this year. In below chart i showed Elliott wave Count of EUR/USD and Prediction for OCTOBER 1st - 2013.8 - HOUR CHARTIn above chart we can clearly see the IRREGULAR B WAVE finished at 1.2775 level. In that Wave B of B) retraced 1.38.2% of wave A). Wave C) also finished at 138.2% Expansion of wave A),B).DAILY CHARTIn the Above chart we can clearly see…
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USD/CHF Range Bound

USD/CHF trading in range bound between 0.9000 to 0.9800 levels.8-HOUR CHARTIn the above USD/CHF chart we can clearly see ABC corrective wave forming. Currently USD/CHF trading near to the 0.9400 level, I expect short term advance stopped by this level and the pair turn to bearish. USD/CHF progressing wave B of (C), this wave fall upto 0.9100 to 0.9050 support zone. This support zone consist of Monthly Pivot Support and cluster of FIBO level. I expect USD/CHF get support from this level.
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USD/JPY Short Term Upside

USD/JPY showing sideways movements in Medium term. Short term i expect Bullish movements on next month. 4 Hour ChartAs per my Elliottwave Analysis USD/JPY trading on ABC corrective wave. USD/JPY progressing B OF B) wave, this wave should fall upto 95.50 to 94.75 support zone.8 Hour ChartMy prediction For 1st OCTOBER 2013 - 101.30
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EUR/USD Medium Term Forecast

EUR/USD Medium Term Forecast:
EUR/USD remains in downtrend from May 2014 high 1.3993. Further decline would likely to be seen, we expect next target as 1.3160 to 1.3080 level. Only break above previous august first two weeks support 1.3450 we can expect further upside. 1.3450 level act as initial resistance for further weakness in EURO.
S3 S2 S1 R1 R2 R3
1.2595 1.3000 1.3160 – 1.3080 1.3350 1.3550 1.3740


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GBP/USD Medium Term Forecast

GBP/USD Medium Term Forecast:
Weekly Chart:
Gbp/Usd remains in corrective downtrend. After seven weeks continuous weakness in Sterling August 3rd week breach the support level of 1.6715. Further Decline would likely to be seen on sterling, Next target would be at 1.6490 level.
For August last week 1.6490 level act as initial support. For the month of September Sterling strength would be expected.

Daily Chart:
Daily chart RSI shows oversold so we can expect Sterling strength on Coming weeks.…
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USD/JPY Elliott Wave Forecast

USD/JPY Elliott Wave Forecast:
Daily Chart:
USD/JPY end of Double Zig - Zag corrective pattern. After Feb 2014 low USD/JPY shows continuous Seven month sideways movement. In Double Zig - Zag corrective pattern, Wave A in BLUE finished at 103.85 and followed by wave B in BLUE finished at 100.34 level. Wave C in BLUE is currently progressing, this could be end at 104.30 to 104.50 level.


4 HOUR CHART:
In the below chart we have seen the exact Double Zig Zag pattern. Still some upside could be
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USD/CHF Medium Term Forecast

USD/CHF Medium Term Forecast:

Weekly Chart:

USD/CHF get bullish impetus movement after first three weeks of consolidation in August month. USD/CHF remains in uptrend, Last week of august opened with GAP and touch the our first resistance level 0.9170. As per my analysis there is some Gann and FIBO resistance is ahead. So we expect some consolidation in first three days of trading, may end of this week our second resistance just above 0.9200 and leave the top.
In the below chart we can clearly …
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AUD/USD Medium Term Forecast

AUD/USD Medium Term Forecast:
Weekly Chart:
After leave the bottom at the 0.8660 level on Jan 2014, continuous strength we have seen in the first three month of this year. After the April high AUD/USD went to the side ways till to the date. AUD/USD remains in sideways pattern, if this pair break below 0.9200 level, then we could expect futher downside upto our support zone of 0.9132 to 0.9070 level.

Daily Chart:

Aussie supported by sideways channel line in Daily chart, If this channel line a…
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AUDUSD EXPECT UPSIDE

AUDUSD EXPECT UPSIDE
AUDUSD approching 14 year trendline and also major support zone around 0.7120 to 0.6850 level. On short term basis we expect some upside correction upto 0.7850 level on coming months.
My Trend Prediction:
Short Term - BULLISH
Medium term - SIDEWAYS
Long term - BEARISH
Already commodities are trading 13 year low, I expect Major reversal gong to happen on the commodity Currency's.
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EURUSD Corrective Upside Expected

EURUSD Corrective Upside Expected:
After free fall form last year MAY month EURUSD find support near to the 1.0400 level MARCH of this year. March low was could not hit the Major support so more downside we expect on EURUSD near future.
EURUSD still in corrective ABC pattern, As per my analysis wave C going to progress on AUGUST month and could reach 1.1350.
I am Looking for 1.1500 level act as major resistance and send this pair to the PARITY at END OF THIS YEAR.
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EURUSD ELLIOTTWAVE ANALYSIS

EURUSD still in corrective pattern. Eurusd progressing (B) of C wave, I am expecting corrective pattern will go upto 1.2000 psychological level.
Long term trend still in bearish, we expect next year EURUSD will fell to parity and even below.
For NOV 2nd EURUSD near to 1.1457 level.
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EURUSD - SIDEWAYS

EUR/USD fell into Double ZIGZAG both short and medium term. Before the BREXIT only EU hit the SQ9 monthly resistance level after that it didn't hit the SQ9 support levels. As per elliott wave prospective Double ZIGZAG pattern forming on DAILY time frame. I am expecting final leg WXY pattern started from end of AUGUST month. We can expect another 11 trading days EU hit the 1.1458 resistance level.
DAILY CHART:
In second half of next month we have FED meeting signals RATE HIKE so we can expect sud…
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AUDUSD Forecast 1 NOV 2016

Aussie trading on Double ZIGZAG corrective pattern for B of B wave. On short term we can clearly see volatility is picking up to start the B of C wave. I am expecting next month after RBA meeting we can get some topping action that is the end of B of B wave.
Daily time frame clearly shows AUSSIE fell into the complex side ways pattern on end of MAY - 2016 still pattern progressing. Aussie should reverse near future to complete B of c wave
1st of NOVEMBER 2016 Forecast --- 0.7511
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