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

  1. #51
    Member cocoe's Avatar
    59
    quote EURUSD - Weekly Update About april 6 I called for new highs towards and into the 1.40 degree whereafter we ought to observe a huge decline from a completed Ending Diagonal. #post7386920 So far it's proven to be right.... But
    EURUSD -

    Allmost 300pips at straigth lineup with hardly any pullbacks.
    Oversold states and some divergences are now showing. Maybe yet another low will give way to the upside.

    When it doesn't bounce from these levels I don't get it....

    4 Hour:


    Weekly:

  2. #52
    Member cocoe's Avatar
    59
    Nice forum. . SP500 I called 1900 - 1910 as a possible top prior to seeing a decrease, of course for me we need to track the JPY pairs in order to determine outflows, but 1910 comes in using a 161.8% projection Fib degree. Should provide RR that is good for shorting. EURUSD With current declines with no pullback I'm also suspect of this also, especially these decrease came from making of a fresh high and no failure swing performed. I still have amounts of 1.4050 and 1.42 and a break under 1.3650 will negate this view. Strong support comes in at...
    Thanks Master.

    The SP prices you refer to is that ES or money index?

    The Euro has been and still is a hard nut to crack with its nonsense moves the past year. I share your view as I was searching for price to achieve 1.4025 gt;gt;.

  3. #53
    Junior Member 360's Avatar
    23
    Wonderful forum. .

    SP500
    I called 1900 - 1910 as a potential top before seeing a decline, of course for me we will need to monitor the JPY pairs in order to determine outflows, but 1910 comes in with a 161.8% projection Fib degree. Should provide good RR for shorting.

    EURUSD
    With current declines without any pullback I'm also suspect of this too, especially these decline came from making of a fresh high and no collapse swing performed. I still have levels of 1.4050 and 1.42 and only a break under 1.3650 will negate this outlook. Strong support comes in at 1.3670/90 degrees

    GOLD
    No opinion

  4. #54
    Member cocoe's Avatar
    59
    quote SP500 (ES) - Weekly update: We now may have a setup to get a rally this coming week at the SP index . In my pockets and analyses is right this should be a final 5th wave upward. I am also basing this on the structure of the final week's PA which is indiing a bullish triangle where the potential thrust/breakout of the should be terminal as well as the finish of an ending diagonal. (as viewed on the daily chart). We witnessed a massive decrease in the EURUSD past week and something similar could be in store at the SP...
    SP ES: On Sunday I called to get 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.

    When we start to lower trading the next few days we could assume 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 probably be my favorite sellzone.


    SUNDAY's daily Chart - posted May 11:


    Today:


    1Hour - potential scenario - remains to be seen of course.

  5. #55
    Member cocoe's Avatar
    59
    quote Today the EURUSD turned hard from just a couple of pips shy of 1.40. It seems like we might have the 5th wave in place of the enormous ending diagonal. But as seen on daily tf, price has yet to support a downtrend by carrying out critical pivot amounts and trendlines. Weekly: picture daily: picture
    EURUSD - Weekly Update

    About april 6 I called for new highs towards and into the 1.40 level whereafter we ought to see a huge decline from a completed Ending Diagonal.
    #post7386920

    So far it has turned out to be correct.... But

    a glance at the EurUsd and also the 2 days massive decrease with barely no pullback, makes this decline just a bit suspect in my mind.

    Right now price sits over strong resistance at 1.3675 gt; 1.3740 and a solid pullback could possibly be in store soon.
    As seen on the charts price has attained the lower bollinger band, the 100EMA and at 3730 we've got the 50% fib of the April 4 low
    in addition to supportlines and conluences.

    The price has yet to carry any critical levels and may still (possibly) create a new high marginally over the current high without
    undermining any construction from the end diagonal theory. time will tell.

    Weekly chart:


    Daily:

  6. #56
    Member cocoe's Avatar
    59
    GOLD XAU/USD -- Weekly and monthly analyses There's been lots of calls that gold has created a bottom and the trend has resumed to the upside. I find some missing bits in the long term picture for this to be the case... image
    GOLD XAU/USD - Weekly update :

    No change in the larger image for Gold. I remain bearish and my post back on April 6 is still valid : #post7386922

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