http://forexmillion.com/ ru FOREXMILLION - forex forecast, trading signals DataLife Engine http://forexmillion.com/forex-forecast/gold/374-gold-forecast.html http://forexmillion.com/forex-forecast/gold/374-gold-forecast.html Trade signal buy stop 1127, stop loss lower then 1118, take profit 1154 H4 graph (see daily graph) We’re having a “triangle” figure, but leaving it to either side will not determine the trend’s direction for sure. That’s because the market is trading between two strong trendlines, which determine the direction by themselves. So, in case the gold rises above level 1052, it will get to 1171 (and possibly to 1200). We may try buying above 1149 having the target at 1171 and stop loss below 1136. I don’t consider selling as a certain signal so far.     Daily graph (08.03.10) The gold is constrained within two strong trendlines - the higher bound of weekly downtrend (red “F-F+”) and the “neckline” (purple trendline). There are 2 variants of events to proceed form now: 1. In case the gold rises above level 1052, it will get to 1171. We also may expect it to rise to 1200, if the up-trending momentum proves to be good. 2. In case the gold drops below level 1112, it will get down to 1083. And if it goes even lower, we will be at 1040 afterwards. I’m inclined to variant #1, nevertheless I will trade depending on the levels.     Weekly graph Globally the gold is trading along the “E-E+” uptrend, and it is supposed to retreat to the trend’s lower bound soon. Locally, it is trading along the “D-D+” downtrend, the signs of which are already seen at daily graph (see daily graph).   Now if the gold drops below level 1039 (below D trendline), the market will move for testing the temporary support “Z” at level 975. After that a rebound (correction) will probably proceed, getting to resistance 1039, which is formed by “K” trendline. Then the downtrend will be resumed and the gold will get to an intermediate support 970 (the same Z again). And in case it will get under level 958, it will reach the strategic support level 862 (the lower bound of the “E-E+” uptrend).   GOLD Kolganov Anton Tue, 09 Mar 2010 08:41:26 +0200 http://forexmillion.com/forex-forecast/eur-usd/373-eurusd-prognoz.html http://forexmillion.com/forex-forecast/eur-usd/373-eurusd-prognoz.html Trade signal Looks GBP/USD and GOLD H4 graph The pair is following a sideways trading pattern, partially leaving the “B-B+” daily downtrend. A potential of uptrend development emerged after the Friday payrolls release followed by getting to level 1.3620. The target of that potential uptrend would be found at level 1.3800. We may try to buy from 1.3620 with the target at 1.3800 and stop loss below 1.3560.     Daily graph The pair is trading along the “F-F+” downtrend, however after the Friday payrolls release there appeared signs of an upside towards level 1.3805, which is the 4th (Elliot’s) wave. Upon getting to that level, the 5th down-trending wave is supposed to develop having the target at level 1.2870..     Weekly graph (from 31.01.10) The fact that the pair has left the “D-D+” uptrend revealed a potential of dropping to supports 1.3555–1.3285. Those supports are of equal strength and at the moment it’s really hard to tell from which support the market will turn in future. But the fact is the pair will get to 1.3555 at least. In case it will continue to drop after that, we should expect hitting 1.3285. At that point we may consider a possibility of correction to level 1.4650, followed by drop to 1.2750.     Monthly graph (from 31.01.10) The fact that the pair has left the “P-P+” uptrend revealed a potential of dropping to level 1.2750. In general, if the pair manages to retreat below the “neckline” (level 1.2600/50), strategically, it will get to level 1.0000.   Taking into consideration the picture over weekly graph, the pair is certainly trading along a downtrend and it set its first drop target at level 1.2750 (the “neckline” of the “head and shoulders” trend-turning figure) – see weekly graph.   EUR/USD Kolganov Anton Tue, 09 Mar 2010 08:35:42 +0200 http://forexmillion.com/forex-forecast/gbp-usd/372-gbpusd-forecast.html http://forexmillion.com/forex-forecast/gbp-usd/372-gbpusd-forecast.html Trade signal buy stop 1.5055, stop loss lower 1.5010, take profit 1.5390 buy stop 1.5150, stop loss lower 1.5040, take profit 1.5390 H4 graph The pair rose above level 1.5130, which implies breaking of the “B-B+” downtrend. For this reason, in case the pair rises above level 1.5230, we should expect it to reach level 1.5410 (the 4th wave).     Daily graph After rising above level 1.5130 the pair got a possibility to leave the “B-B+” downtrend. In case it will get over level 1.5230, the pair will reach its target level 1.5410 (the 4th Elliot wave, a correction wave). Upon the fact of reaching that level I expect a downtrend to develop having the drop target set at level 1.4350 (the 5th wave). Alternatively, if wave picture fails and in case the pair rises above level 1.5550, then upon the fact of leaving the “F-F+” weekly downtrend the pair will get to level 1.6000 - the higher bound of the green downtrend.     Weekly graph (from 31.01.10) (See monthly graph) The trend had turned from the key resistance level 1.6900. Owing to that the pair should be able to get to level 1.4335. On the way down to that level there is a support 1.5890 located at the lower bound of the “triangle” trend-turning figure. This figure is a strategic determinative model of the pair’s further tendency. For this reason, in case the pair drops below level 1.5840 we will get the drop target at level 1.4355.     Monthly graph (from 05.25.09)    Bounce off level 1.3900 (“R” trend line) had provoked a rapid growth of the pair. The peak of growth is meant to be found at level 1.6900 (“F” trend line). Upon reaching this level there will be two variants of events to develop:    1. Having bounced off level 1.6900 and after the “D-D+” weekly trend is broken, the pair will get to support 1.4355.      2. If level 1.6900 is unable to show a sufficient resistance (the pair goes above this level), the pair will reach resistance 1.8530.   GBP/USD Kolganov Anton Tue, 09 Mar 2010 08:33:46 +0200 http://forexmillion.com/forex-forecast/gold/371-gold-forecast.html http://forexmillion.com/forex-forecast/gold/371-gold-forecast.html H4 graph (see daily graph) We’re having a “triangle” figure, but leaving it to either side will not determine the trend’s direction for sure. That’s because the market is trading between two strong trendlines, which determine the direction by themselves. So, in case the gold rises above level 1052, it will get to 1171 (and possibly to 1200). We may try buying above 1149 having the target at 1171 and stop loss below 1136. I don’t consider selling as a certain signal so far.     Daily graph (08.03.10) The gold is constrained within two strong trendlines - the higher bound of weekly downtrend (red “F-F+”) and the “neckline” (purple trendline). There are 2 variants of events to proceed form now: 1. In case the gold rises above level 1052, it will get to 1171. We also may expect it to rise to 1200, if the up-trending momentum proves to be good. 2. In case the gold drops below level 1112, it will get down to 1083. And if it goes even lower, we will be at 1040 afterwards. I’m inclined to variant #1, nevertheless I will trade depending on the levels.     Weekly graph Globally the gold is trading along the “E-E+” uptrend, and it is supposed to retreat to the trend’s lower bound soon. Locally, it is trading along the “D-D+” downtrend, the signs of which are already seen at daily graph (see daily graph).   Now if the gold drops below level 1039 (below D trendline), the market will move for testing the temporary support “Z” at level 975. After that a rebound (correction) will probably proceed, getting to resistance 1039, which is formed by “K” trendline. Then the downtrend will be resumed and the gold will get to an intermediate support 970 (the same Z again). And in case it will get under level 958, it will reach the strategic support level 862 (the lower bound of the “E-E+” uptrend).   GOLD Kolganov Anton Sun, 07 Mar 2010 22:47:50 +0200 http://forexmillion.com/forex-forecast/gbp-usd/370-gbpusd-forecast.html http://forexmillion.com/forex-forecast/gbp-usd/370-gbpusd-forecast.html H4 graph The pair rose above level 1.5130, which implies breaking of the “B-B+” downtrend. For this reason, in case the pair rises above level 1.5230, we should expect it to reach level 1.5410 (the 4th wave). We may try buying above 1.5130 with the target at 1.5410 and stop loss below 1.5090.     Daily graph After rising above level 1.5130 the pair got a possibility to leave the “B-B+” downtrend. In case it will get over level 1.5230, the pair will reach its target level 1.5410 (the 4th Elliot wave, a correction wave). Upon the fact of reaching that level I expect a downtrend to develop having the drop target set at level 1.4350 (the 5th wave). Alternatively, if wave picture fails and in case the pair rises above level 1.5550, then upon the fact of leaving the “F-F+” weekly downtrend the pair will get to level 1.6000 - the higher bound of the green downtrend.     Weekly graph (from 31.01.10) (See monthly graph) The trend had turned from the key resistance level 1.6900. Owing to that the pair should be able to get to level 1.4335. On the way down to that level there is a support 1.5890 located at the lower bound of the “triangle” trend-turning figure. This figure is a strategic determinative model of the pair’s further tendency. For this reason, in case the pair drops below level 1.5840 we will get the drop target at level 1.4355.     Monthly graph (from 05.25.09)    Bounce off level 1.3900 (“R” trend line) had provoked a rapid growth of the pair. The peak of growth is meant to be found at level 1.6900 (“F” trend line). Upon reaching this level there will be two variants of events to develop:    1. Having bounced off level 1.6900 and after the “D-D+” weekly trend is broken, the pair will get to support 1.4355.      2. If level 1.6900 is unable to show a sufficient resistance (the pair goes above this level), the pair will reach resistance 1.8530.   GBP/USD Kolganov Anton Sun, 07 Mar 2010 22:45:35 +0200 http://forexmillion.com/forex-forecast/eur-usd/369-eurusd-graph.html http://forexmillion.com/forex-forecast/eur-usd/369-eurusd-graph.html H4 graph The pair is following a sideways trading pattern, partially leaving the “B-B+” daily downtrend. A potential of uptrend development emerged after the Friday payrolls release followed by getting to level 1.3620. The target of that potential uptrend would be found at level 1.3800. We may try to buy from 1.3620 with the target at 1.3800 and stop loss below 1.3560.     Daily graph The pair is trading along the “F-F+” downtrend, however after the Friday payrolls release there appeared signs of an upside towards level 1.3805, which is the 4th (Elliot’s) wave. Upon getting to that level, the 5th down-trending wave is supposed to develop having the target at level 1.2870..     Weekly graph (from 31.01.10) The fact that the pair has left the “D-D+” uptrend revealed a potential of dropping to supports 1.3555–1.3285. Those supports are of equal strength and at the moment it’s really hard to tell from which support the market will turn in future. But the fact is the pair will get to 1.3555 at least. In case it will continue to drop after that, we should expect hitting 1.3285. At that point we may consider a possibility of correction to level 1.4650, followed by drop to 1.2750.     Monthly graph (from 31.01.10) The fact that the pair has left the “P-P+” uptrend revealed a potential of dropping to level 1.2750. In general, if the pair manages to retreat below the “neckline” (level 1.2600/50), strategically, it will get to level 1.0000.   Taking into consideration the picture over weekly graph, the pair is certainly trading along a downtrend and it set its first drop target at level 1.2750 (the “neckline” of the “head and shoulders” trend-turning figure) – see weekly graph.   EUR/USD Kolganov Anton Sun, 07 Mar 2010 22:43:33 +0200 http://forexmillion.com/forex-forecast/gold/368-gold-forecast.html http://forexmillion.com/forex-forecast/gold/368-gold-forecast.html H4 graph The gold failed consolidating below support level 1053 (“D” trendline). For this reason the market is now going to find a stronger resistance to repeat an attempt of downtrend development to target level 975. The gold has got over level 1065 already, which speaks about the trend’s turn. While it is holding ground above level 1053, mark 1100 will be the upside target level.     Daily graph (31.01.10) The fact that the market left the “W-W+” uptrend requires the gold to retreat to level 1033, which in its turn will lead to breaking of “D” trendline and further drop to level 975.   A “head and shoulders” turning figure has been formed, and its “neckline” is already broken. The gold’s first drop target is set at level 1053 (the lower bound of “D-D+” weekly uptrend). After that a correction to 1100 is possible, but the market will eventually continue dropping to target level 1033, as well as to the strategic level 975 (Z trendline).     Weekly graph Globally the gold is trading along the “E-E+” uptrend, and it is supposed to retreat to the trend’s lower bound soon. Locally, it is trading along the “D-D+” downtrend, the signs of which are already seen at daily graph (see daily graph).   Now if the gold drops below level 1039 (below D trendline), the market will move for testing the temporary support “Z” at level 975. After that a rebound (correction) will probably proceed, getting to resistance 1039, which is formed by “K” trendline. Then the downtrend will be resumed and the gold will get to an intermediate support 970 (the same Z again). And in case it will get under level 958, it will reach the strategic support level 862 (the lower bound of the “E-E+” uptrend).   GOLD Kolganov Anton Sun, 07 Feb 2010 23:02:32 +0200 http://forexmillion.com/forex-forecast/gbp-usd/367-gbpusd-forecast.html http://forexmillion.com/forex-forecast/gbp-usd/367-gbpusd-forecast.html H4 graph There are signs of an emerging correction. Taking into consideration the complex analysis of the markets and also the fact of the pair’s rebound from level 1.5570 (“F” trendline), a correction may emerge soon. In case the pair rises above level 1.5680, we may expect an upside to resistance levels 1.5880 (“D” trendline). This forecast will remain in effect until the pair drops below level 1.5550.     Daily graph Taking into consideration the complex analysis of the markets and also the fact of the pair’s rebound from level 1.5570 (“F” trendline), a correction may emerge soon. In case the pair rises above level 1.5680, we may expect an upside to resistance levels 1.5880 (“D” trendline). This level is supposed to be the turning level, after which the pair must drop to level 1.5340 (see weekly graph). Alternatively, if resistance 1.5880 doesn’t manage to hold up the up-trending tendency and the pair rises above level 1.5925, it will get to level 1.6150 (“F+” trendline).     Weekly graph (from 31.01.10) (See monthly graph) The trend had turned from the key resistance level 1.6900. Owing to that the pair should be able to get to level 1.4335. On the way down to that level there is a support 1.5890 located at the lower bound of the “triangle” trend-turning figure. This figure is a strategic determinative model of the pair’s further tendency. For this reason, in case the pair drops below level 1.5840 we will get the drop target at level 1.4355.     Monthly graph (from 05.25.09)    Bounce off level 1.3900 (“R” trend line) had provoked a rapid growth of the pair. The peak of growth is meant to be found at level 1.6900 (“F” trend line). Upon reaching this level there will be two variants of events to develop:    1. Having bounced off level 1.6900 and after the “D-D+” weekly trend is broken, the pair will get to support 1.4355.      2. If level 1.6900 is unable to show a sufficient resistance (the pair goes above this level), the pair will reach resistance 1.8530.   GBP/USD Kolganov Anton Sun, 07 Feb 2010 22:46:35 +0200 http://forexmillion.com/forex-forecast/eur-usd/366-eurusd-forecast.html http://forexmillion.com/forex-forecast/eur-usd/366-eurusd-forecast.html H4 graph There are signs of an emerging correction. In case the pair rises above level 1.3720 (“a” trendline), we may expect an upside to level 1.3950. This forecast remains in effect until the market drops below level 1.3550. I’m seeing no alternative variants so far.     Daily graph The pair got to its target level 1.3555. Obviously (taking into consideration the complex analysis of the markets), a correction should be started soon. In case the pair rises above 1.3720, we may expect an upside to level 1.3950. If we examined the current trend in terms of Elliot waves, it would be found in the fourth wave now and the fifth wave would be following having the target at level 1.3285 or 1.2800 (depending on the trend’s strength). Level 1.3950 (in its approximate boundaries) is the turning level. Alternatively, if the pair rises above level 1.4100, it will reach resistance 1.4650.     Weekly graph (from 31.01.10) The fact that the pair has left the “D-D+” uptrend revealed a potential of dropping to supports 1.3555–1.3285. Those supports are of equal strength and at the moment it’s really hard to tell from which support the market will turn in future. But the fact is the pair will get to 1.3555 at least. In case it will continue to drop after that, we should expect hitting 1.3285. At that point we may consider a possibility of correction to level 1.4650, followed by drop to 1.2750.     Monthly graph (from 31.01.10) The fact that the pair has left the “P-P+” uptrend revealed a potential of dropping to level 1.2750. In general, if the pair manages to retreat below the “neckline” (level 1.2600/50), strategically, it will get to level 1.0000.   Taking into consideration the picture over weekly graph, the pair is certainly trading along a downtrend and it set its first drop target at level 1.2750 (the “neckline” of the “head and shoulders” trend-turning figure) – see weekly graph.   EUR/USD Kolganov Anton Sun, 07 Feb 2010 21:59:25 +0200 http://forexmillion.com/forex-forecast/gbp-usd/365-gbpusd-forecast.html http://forexmillion.com/forex-forecast/gbp-usd/365-gbpusd-forecast.html H4 graph After dropping below the key support 1.6170, the pair has set the drop target to another key support 1.5890 (D trendline – the lower bound of the “triangle” figure). The pair has almost reached this support by now, and after it is reached there is a prospect of correction to resistance levels 1.6045–1.6115.     Daily graph (11.17.09) After dropping below the key support 1.6170, the pair has set the drop target to another key support 1.5890 (D trendline – the lower bound of the “triangle” figure). The pair has almost reached this support by now, and after it is reached there is a prospect of correction to resistance levels 1.6045–1.6115 followed by resuming of the downtrend. After that, what is more interesting for us, in case the pair drops below level 1.5840 it will get the drop target at level 1.5340.     Weekly graph (See monthly graph) The trend had turned from the key resistance level 1.6900. Owing to that the pair should be able to get to level 1.4335. On the way down to that level there is a support 1.5890 located at the lower bound of the “triangle” trend-turning figure. This figure is a strategic determinative model of the pair’s further tendency. For this reason, in case the pair drops below level 1.5840 we will get the drop target at level 1.4355.     Monthly graph (from 05.25.09)    Bounce off level 1.3900 (“R” trend line) had provoked a rapid growth of the pair. The peak of growth is meant to be found at level 1.6900 (“F” trend line). Upon reaching this level there will be two variants of events to develop:    1. Having bounced off level 1.6900 and after the “D-D+” weekly trend is broken, the pair will get to support 1.4355.      2. If level 1.6900 is unable to show a sufficient resistance (the pair goes above this level), the pair will reach resistance 1.8530.   GBP/USD Kolganov Anton Sun, 31 Jan 2010 22:38:08 +0200