USD Index Weekly: Mixed trading for the last 7 weeks. We are looking for further upside pressure to be limited. Trend line resistance (and a possible Right Shoulder of a bearish Head and Shoulders pattern) is located at 95.70. The 50% Fibonacci pullback level from the 103.87-88.13 move is seen at 96.00. This is our sell ‘zone’ (95.70-96.00) ...

2018-07-30 Ian Coleman Read more
markets vulnerable

In this episode, Richard is following up on the previously posted “Bullish Patterns on Gold – EUR Stronger – Investors looking at YEN” article, and continuing the views he share during the “The World Cup NFP! – LIVE” webinar. Richard is also backing his volatility spike theory, previously posted with the “Trade War Sentiment – Volatility Spik...

2018-07-17 Richard Tataru Read more

Monthly: Moved higher from the 2016 low of 1.1905. Levels close to be bespoke resistance at 1.4390 found sellers. Aprils price action formed bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 8 months. Reverse trend line su...

2018-07-18 Ian Coleman Read more

Monthly: The long-term outlook is for higher levels with the pair posting a potential bullish reverse Head and Shoulders formation. A break of 126.70 (neckline) is needed to confirm the formation. There is scope for a deeper correction, in an AB=CD formation, toward 92.00. This timeframe offers a mixed picture. Weekly:  Holds within a cor...

2018-07-09 Ian Coleman Read more

Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12145 and the measured move target is 8695. Rallies have stalled and found sellers close to 13200. Weekly:  Looks to be forming a bearish Head and Shoulders pattern. A break of 11621 (neckline) is needed to confirm the pattern. The measured move ...

2018-07-10 Ian Coleman Read more

Monthly: A five wave bearish pattern was completed at 1046 (Elliott Wave formation). We are now assessed as being in the corrective bullish channel formation. Expect trading to remain mixed and volatile while we hold within the Ichimoku Cloud. Weekly:  The trend of higher low sat 1239 has held back the bears this week. We are potentially ...

2018-07-17 Ian Coleman Read more

Monthly: Moved higher from the 2016 low of 1.1905. Levels close to be bespoke resistance at 1.4390 found sellers. Aprils price action formed bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 8 months. Reverse trend line su...

2018-07-09 Ian Coleman Read more

Today we've got another video from our Elliott Wave analyst Richard Tataru! In today's episode of 'Surfing the Waves', Richard follows up on the recently released Q3 Market Outlook! Updating you with his intraday views on currencies, metals, indices and energy! [shortcode-variables slug="download-now-quarterly-report"]   [shortc...

2018-06-29 Richard Tataru Read more

Monthly: Holding within a large Expanding Wedge formation that has an eventual bias to break to the downside. The whole move higher from the 2016 low (0.6827) has been and volatile, common in corrective formations Weekly: The mixed and volatile price action formed an Ending Wedge pattern (118 weeks of mixed results). We broke the trend of...

2018-06-27 Ian Coleman Read more

Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2583. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) attract sellers. We trade to the lowest level in 10 months. This area has acted as resistance in 2016 and 2017 (1.1714 and 1.1616) and now acts as support Weekly: After posti...

2018-07-09 Ian Coleman Read more