thread: Long Term Analyses - EURUSD, GOLD, and SandP

SP ES - Update: Larger picture remains up to get a new all time high, but possible C wave down in store st:

Looking for a wave 4 down until new highs will soon be seen.


4 hour chart

quote EURUSD: Seemingly the EurUsd has divided many supportlines, but could be putting up for a rally soon. I stay suspecious of this decrease without an adequate pullback. The trouble is also that when it first begins to rally it could also produce a new high without undermining the ED. Bias atm. Looking to buy a potential wedge setup. Weekly: image 4hour - Potential wedge and bull installment image

EURUSD decrease is stopping, litterally. It does not seem like the large downturn to me so far
On the 4hour chart we could spot a potential Ending Diagonal wedge, in which, after a marginal new low, we can see a strong reversal/bounce to the upside.

On the weekly chart we could see hidden divergence and oversold Stochastics. Additionally, price stand directly above the 61.8 fib (3560), of the 1.3476 low in February.

4 Hour - Finish Diagonal with one more non?



Weekly

quote UPDATE on GOLD XAU/USD -- Weekly and monthly analyses Refer to my first post for complete evaluation: #post7386922

GOLD XAU/USD has been trading close to flat in a Triangle shape.
If my count is right the current upmove must be a E-wave at which we will see a decline to lower prices, prior to a new leg up.

If it breaks into the upsidedown, the move should be restricted.

quote EURUSD - Weekly Update About april 6 I called for new highs towards and to the 1.40 degree whereafter we ought to see a massive decline from a finished Ending Diagonal. #post7386920 So far it's turned out to be correct.... But

EURUSD:

Apparently the EurUsd has broken many supportlines, but might be setting up for a rally shortly. I remain suspecious of this decrease without a decent pullback. The trouble is also that when it first starts to rally it might also make a new high without undermining the ED. Neutral bias atm. Looking to buy a wedge setup that is possible.

Weekly:


4hour - Possible wedge and bull setup

SP ES - Update:

Bigger picture remains up for a new all time high, but Possible C wave down in Shop st:

Daily:



4Hour:

quote SP ES: On Sunday I called for a rally and so far the SP has progressed 23 pts. On the daily and weekly chart the move looks powerful, (as allways into new highs), but on the smaller timeframes the advance is debatable. If we start to lower trading the next couple days we can assume that the 3rd wave is more or less done as indied on the summit of the 1Hour RSI. Then after a pullback another 5th wave to new highs will be my favorite sellzone. SUNDAY's daily Chart - published May 11: image Now: image 1Hour - possible situation - stays...

SP ES is fighting here. Having a pierced and flat upper bollinger band on daily chart, the upmove could possibly be rather limited.
Tempted to brief here but will wait to find out what the rest of the day will bring. consolidating atm

BTW, fine thread and up to now my street... nicely done... I can try to post as often as I can with charts as I trade a wide caiety of strength classes. Good job! As for decline without any bounce, it may occur and I think the EURUSD can do around 400 pips in a normal trading environment, but this ultimately is not a healthy movement in PA and therefore builds the situation even more so that we ought to observe an advance North in price, however 1.3670 ish levels may nevertheless have its role to play with this!

Agreed.

BTW, nice ribbon and very much up my street... nicely done... I will try and post as often as I can with charts since I trade a broad caiety of asset classes.

Great job!

As for decrease with no bounce, it can occur and I think the EURUSD can perform around 400 pips at a usual trading environment, however, this ultimately isn't a healthy move in PA and therefore builds the case even more so that we should observe an advance North in price, but 1.3670 ish levels may nevertheless have its part to play in all this!

quote Thanks Master. The SP prices you refer to is that ES or money index? The Euro was and still is a hard nut to crack with its crap moves the previous year. I share your opinion as I was looking for price to achieve 1.4025 gt;gt;.

ES