Elliott Wave Analysis for Forex, Futures and Stock Market

Hello guys!

This is a forum where everyone is allowed to post their ideas about the forex market analysis using Elliott Wave Principle.

Regards,
S.S.

Technical analysis of USD/CAD for November 26, 2014
General overview for 26/11/2014 08:40 CET
The corrective cycle in wave -iv- blue looks to be completed as the price has broken below the yesterday's low. The leading diagonal scenarios, marked on the chart with thick blue lines, is still possible and all the requirement has been met so far except the last fifth wave to the downside. To complete this structure, the price should break below the level of 1.1230 and then finally below the level of 1.1190 before any meaningful correction will happen. Moreover, in that case the alternative count will be invalidated.
Support/Resistance:
1.1437 - WR2
1.1368 - Key Level
1.1326 - WR1
1.1276 - Intraday Resistance
1.1258 - Weekly Pivot
1.1224 - WS1
Trading recommendations:
Yesterday's buy trade has been closed as the price has hit our trailing stop loss order with profit. Currently, another trade setup might be considered by day traders: classical breakout trade using sell stop order from the level of 1.1230 with SL above the level of 1.1276 and TP at the level of 1.1190.

Technical analysis of EUR/JPY for November 26, 2014
General overview for 26/11/2014 08:20 CET
The corrective cycle inside the wave (ii) or b green is still in progress and two key levels have been marked on the chart. The upper key level is the most important for bears as any violation of it would lead to more intraday gains with the projected targets at the levels of 147.98 and 149.14. On the other hand, the breakout below the lower key level would be the most important for bulls, because it might lead to corrective cycle extension down to the levels of 145.58 before any meaningful bounce/resumption will happen.
Support/Resistance:
149.14 - Swing High
148.50 - Intraday Resistance
147.98 - WR1
147.38 - Intraday Resistance
146.30 - Intraday Support
146.38 - Weekly Pivot
145.67 - Technical Support
145.84 - Intraday Support
Trading recommendations:
The SL for the opened buy trade recommended at the beginning of the week should be placed below the intraday support at the level of 146.30 and TP level in longer term should aim for the level of 147.98 and 149.14.
Read more: https://www.instaforex.com/forex_analysis/53811/

Nikkei 225 Futures H4 Elliott Wave Analysis:
http://elliottfxtrader.blogspot.com/...utures-h4.html

EUR/USD H1 Elliott Wave Analysis:
http://elliottfxtrader.blogspot.com/...eurusd-h1.html

Gold XAUUSD Weekly Elliott Wave Analysis:
http://elliottfxtrader.blogspot.com/...ld-weekly.html

DAX30 Futures H4 Elliott Wave Analysis

http://elliottfxtrader.blogspot.com/.../dax30-h4.html

Technical analysis of USD/CAD for November 27, 2014 2014-11-27
General overview for 27/11/2014 09:40 CET
The wave progression is getting more and more consolidated as there is no new low made so far below the level of 1.1190. The price have been making recently a lot of a false breakouts to the upside. That is why my bias is still to the downside as long as the price is trading inside the corrective golden channel. Only a sustained breakout above the level of 1.1368 would change the outlook for more bullish one.
Support/Resistance:
1.1437 - WR2
1.1368 - Key Level
1.1326 - WR1
1.1269 - Intraday Resistance
1.1258 - Weekly Pivot
1.1227 - Intraday Support
1.1224 - WS1
Trading recommendations:
Yesterday's classical breakout trade using sell stop order from the level of 1.1230 should be still kept open. SL above the level of 1.1276 and TP at the level of 1.1190.

Technical analysis of EUR/JPY for November 27, 2014 2014-11-27
General overview for 27/11/2014 09:50 CET
The wave progression starts to look like a completed triangle pattern inside of a wave (ii) or b green and if there is no downside breakout below the level of 146.28 , then the market should rally impulsively to the upside, targeting the level of 147.38 and then 148.42. On the other hand, if the key level so broken, then the market might continue lower with the corrective cycle WXY brown, targeting the level of 145.59 first and then the level of 143.68 next.
Support/Resistance:
149.14 - Swing High
148.50 - Intraday Resistance
147.98 - WR1
147.38 - Intraday Resistance
146.28 - Intraday Support
146.38 - Weekly Pivot
145.67 - Technical Support
145.84 - Intraday Support
Trading recommendations:
The SL for the opened buy trade recommended at the beginning of the week should be placed below the intraday support at the level of 146.28 and TP level in longer term should aim for the level of 147.98 and 149.14. Breakout below the level of 146.28 invalidates any other buy trade possibility.

Technical analysis of EUR/JPY for November 28, 2014 2014-11-28
General overview for 28/11/2014 10:00 CET
The market is still in more extended corrective cycle as the suggested triangle shape has not been completed yet. Any breakout above the intraday resistance at the level of 147.37 is bullish and any breakout below the intraday support at the level of 146.27 is bearish.The bias is still slightly bullish as the corrective cycle has not been finished yet.
Support/Resistance:
149.14 - Swing High
148.50 - Intraday Resistance
147.98 - WR1
147.37 - Intraday Resistance
146.27 - Intraday Support
146.38 - Weekly Pivot
145.67 - Technical Support
145.84 - Intraday Support
Trading recommendations:
Still the buy order recommended at the beginning of the week should be kept open and SL should be placed below the intraday support at the level of 146.28 and TP level in longer term should aim for the level of 147.98 and 149.14. Breakout below the level of 146.28 invalidates any other buy trade possibility.\
Read more: https://www.instaforex.com/forex_analysis/53943/

Technical analysis of USD/CAD for November 28, 2014 2014-11-28
General overview for 28/11/2014 09:20 CET
The level of 1.1368 has been violated and that means the ending diagonal idea is now invalidated. Currently, the main count has been invalidated as well and the alternative count is in play right now. This count indicates more impulsive wave development to the upside as the market broken out from the golden corrective channel. The first major target area is the supply zone between the levels of 1.1445 - 1.1465, but more advanced impulsive structure that is being expected is the zone is broken.
Support/Resistance:
1.1504 - WR3
1.1445 - 1.1465 - Supply Zone
1.1437 - WR2
1.1389 - 1.1395 - Wave iii Target Zone
1.1367 - Intraday Support
Trading recommendations:
Traders should consider buying the dips as the market has finally broke out of the corrective channel. All SL should be placed below the level of 1.1224.

Crude Oil Futures Weekly:
http://elliottfxtrader.blogspot.com/...es-weekly.html

General overview for 01/12/2104 08:00 CET
The impulsive wave progression to the upside has not been completed yet. There is at least one more wave to the upside to be made unless the extension happens. The most important support is the technical support at the level of 1.1367, just below the weekly pivot at the level of 1.1379. Currently, the market is in a corrective cycle (sub-wave iv black) and when this cycle is completed the uptrend should resume.
Support/Resistance:
1.1465 - Swing High
1.1453 - Intraday Resistance
1.1422 - Intraday Support
1.1379 - Weekly Pivot
1.1367 - Technical Support
Trading recommendations:
Traders should consider buying the dips as the market has to complete one more wave to the upside. All SL should be placed below the level of 1.1376.

Technical analysis of EUR/JPY for December 1, 2014 2014-12-01
General overview for 01/12/2104 08:20 CET
The corrective cycle in the shape of abc green zig-zag might have been completed and the higher degree corrective wave X brown might have been completed as well. This would mean, the market should continue to trade lower now and the support levels should be now violated as the internal intraday bearish corrective cycle in wave Y brown resumes to the downside. The minimum target zone is between the levels of 144.54 144.74, but the downside correction might extend even lower.
Support/Resistance:
149.11 - WR1
148.09 - Intraday Resistance
147.40 - Intraday Support
147.34 - Weekly Pivot
146.65 - WS1
145.68 - Technical Support
144.89 - WS2
144.54 - 144.74 - minimum target level
Trading recommendations:
Traders should consider selling this pair from the current market levels with SL above the level of 148.10 and TP at the level of 144.77.

EUR/JPY H1:

General overview for 02/12/2014 11:35 CET
The corrective cycle labeled as wave X brown might have been completed, but so far there is not much of evidence that the price is resuming the impulsive wave progression to the downside in order to complete the correction in leg Y brown. Instead, the market is trading in the tight range zone and breakout above the intraday resistance at the level of 148.14 is needed for the price to test the latest swing high at the level of 149.15. Otherwise, the bias is still bearish as long as no new high is made.
Support/Resistance:
149.11 - WR1
148.09 - Intraday Resistance
147.40 - Intraday Support
147.34 - Weekly Pivot
146.65 - WS1
145.68 - Technical Support
144.89 - WS2
144.54 - 144.74 - Minimum Target Projection Level
Trading recommendations:
As long as no new high is made, traders should still consider selling this pair from the current market levels with SL above the level of 148.14 and TP at the level of 144.77.

Read more: https://www.instaforex.com/forex_analysis/54077/

Technical analysis of USD/CAD for December 2, 2014 2014-12-02
General overview for 02/12/2014 11:20 CET
After making five impulsive waves to the upside and hitting the supply zone between the levels of 1.1446 - 1.1465, the market reversed in a sharp corrective cycle. So far the labeling of this reversal is in the shape of a double zig-zag pattern, but as long as the level of 1.1435 is not violated, the pattern might evolve into a triple zig-zag. That would mean another leg down can be made here and the projected level for this leg is at the level of 1.1296. Nevertheless, the alternative count indicates a possibility of a completed corrective cycle at the level of 1.1311 (altii)). Now, any impulsive breakout above the intraday resistance at the level of 1.1360 and then above the weekly pivot at the level of 1.1379 might be considered as a new upward wave beginning.
Support/Resistance:
1.1465 - Swing High
1.1446 - 1.1465 - Supply Zone
1.1379 - Weekly Pivot
1.1360 - Intraday Resistance
1.1317 - WS1
1.1295 - Intraday Support
Trading recommendations:
The uptrend is still not intact and traders still should consider buying the dips as the market has to complete more waves to the upside. All SL should be placed below the level of 1.1295.

Read more: https://www.instaforex.com/forex_analysis/54073/

#USDJPY H4 Elliott Wave Analysis
http://blog.mt5.com/elliottfxtrader/...usd-jpy-h4-11/

IF YOU LIKE MY ANALYSIS PLEASE VOTE FOR ME EVERYDAY ON “ANALYST OF THE YEAR” CONTEST HERE: http://www.mt5.com/forex_analysis_aw...lliottfxtrader

Technical analysis of EUR/JPY for December 3, 2014 2014-12-03
General Overview for 03/12/2014 07:20 CET
The intraday resistance at the level of 148.15 has capped the upside rally twice so far and it looks like the price might now want to finally test the lower boundary of the intraday price range between the levels of 148.15 - 147.07. As there are some important fundamental news later this week, the market might stay in this "wait and see" mode for a little longer, making the corrective cycle longer and more time consuming. Nevertheless, the bias is still to the downside.
Support/Resistance:
149.11 - WR1
148.15 - Intraday Resistance
147.34 - Weekly Pivot
147.04 - Intraday Support
146.65 - WS1
145.68 - Technical Support
144.89 - WS2
144.54 - 144.74 - Minimum Target Projection Level
Trading recommendations:
As advised yesterday, sell orders should had been opened, with SL above the level of 148.14 and TP at the level of 144.77.

Read more: https://www.instaforex.com/forex_analysis/54117/

Technical analysis of USD/CAD for December 3, 2014 2014-12-03
General Overview for 03/12/2014 07:35 CET
The yesterday's sharp reversal in this pair might suggest that the alternate count seems to be more likely than the main one, but to completely invalidate the main count the market must break above the level of 1.1453. Until then, the downside wave might be still a part of some larger corrective cycle, for example a part of a triple three complex correction as per current labeling on chart. The intraday resistance at the level of 1.1423 it the key level for bulls now, as break above it will directly expose the recent swing high at the level of 1.1453 to test.
Support/Resistance:
1.1465 - Swing High
1.1446 - 1.1465 - Supply Zone
1.1423 - Intraday Resistance
1.1381 - Intraday Support
1.1379 - Weekly Pivot
1.1317 - WS1
Trading recommendations:
Not much has changed here, the uptrend is still not intact and traders still should consider buying the dips as the market has to complete more waves to the upside. All SL should be placed below the level of 1.1295

#EURUSd H1 Elliott wave Analysis on:

http://elliottfxtrader.blogspot.com/...eurusd-h1.html