FOREX PRO WEEKLY July 21-25, 2014

[Sive Morten]

Sive, agree with most you said.

Sophisticated situation, even pervert, hehe..

Yesterday we started quarterly swing low level...hehe, whatever this means...

Mmax,
I've got your opinion on EUR, but Gold seems even more interesting right now. What's your opinion on hourly gold? Because I can't still decide right now, whether we will get any upward AB=CD first...

 

[minimax]

Gold Daily insight

Sive, sorry for delay, have not checked posts until 15 minutes ago..

Well I am short term bullish with target 1.333 and possibly above 1339 but not expect HH...

Yesterday was confusion with all those rinsing all over the board..such move to upside after abc pattern could be X wave but to me red abc is more likely Flat than ZZ..regardles spike up could be x and one more spike down is not excluded but I do not expect very low, might be just W&R of 1302 low but if first is Flat, second could be or Flat or Triangle..For flat 50% retrace and down, triangle I do not like...

Hehe, I am too late, already climbing above 50%...

Based on H4 to me directly up would be bigger surprise...

 

[minimax]

gold update

All the way down to 3 minutes....

Confess, spike up is scarry and is not even close to correction...regardless I wait for low and move above 1311 is not warranty we are long...it could be cF on higher TF or z and end of correction...

 

[minimax]

audusd insight

I think aussie is about to sink soon...well, at least out of channel..

 

[minimax]

euraud insight

Approaching H&S target zone..TZZ pattern, last inner ZZ 262 expansion goes nicely with H&S target..retrace should be at least to 50% where bigger H&S are...or could be...hehe..

 

[minimax]

nzdusd insight

Later Kiwi has rate hike...although it is projected higher rate price action is flat for 3 days..not raising rate should make down pressure...just as I have in my picture, hehe..

 

[minimax]

gbpnzd insight

few minutes before rate hike...looks perfect H&S, Kiwi ought to gain?



ps
23.02 CET
hehe, I knew it should not

ps
23.20 CET
but now could be interesting...

 

[minimax]

usdchf insight

extremely interesting...enormous RR and if 0,90358 stays intact and move down starts how would this impact to eurusd?

 

[minimax]

nzdusd insight

..it was funny and unusual for sure that despite rate hike Kiwi dropped...it was intersting to see how other nzd pairs paused when nzdusd already started...hehe, tricky..

Changed the structure a bit but not the direction...as long 0,84013 is in place we are long, as per me...I think it should turn soon after hitting 0,85431 but lower it goes less steep the angle of channel...
based on H4 I expect PRZ at 0,8530/20 but 0,85 could work as magnet..

 

[minimax]

usdcad insight

I think we should hit 1,0813 low before lower but to get there I think we will form either DZZ or Flat..

On H4 are several potential developments..I drew 2 most probable..
1st is ZZ with ED wave c (black), 2nd is Flat and B is above 50% @1,07803 but I expect even above 1,07585, possibly above 1,07652..tricky, we could go all the way down to double bottom if B would be above 1,07652..

There is also empty space so far on daily, so cautios that we do not get daily impulse first, after reentering below 1,07074!