Corn Futures Daily Update

This chart has been posted on Sigma Square VIP Service members only area on 22 May 2013.
Please check where the price is now.

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BEFORE:

AFTER:

CHFPLN Weekly Update

General Overview for 08/08/2013 14:30 CET:

Recent price development urged to change the count due to no impulsive price rection after previous wave 4 low. The new count indicates, that wave 4 is a classical traiangle pattern anr recent range breakout is first wave (i)  to the upside that on Daily chart has been finished and now a correction is due. When corrective wave (ii) will be done, powerfull wave (iii) is just about the corner.


The Key Level is 55 period moving average - the last time price went to this level it was heavily bought.


If Extended Triangle pattern line will be broken, then this would be first clue that low is in.

Support/Resistance:

3.700  - Swing High
3.5500 - Extended Triangle pattern trend line
3.4750 - 100 WMA 
3.4150 - 55 WMA
3.3000 - Wave one low/Bullish count invalidation level
3.2650 - Swing Low

Trading Recommendation:
Buy the dips with SL below 3.300 and POTENTIAL target of 4.100 easy.

Seb

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WIG20 Futures H4 Update

General Overview for 08/08/2013 13:30 CET:

The GAP has been closed and index is moving in impulsive wave progression top the upside.

Wave (iii) of wave iii is almost done and next resistance level is 78%Fibo @ 2410. Price is expected to move a little bit lower in lower degree corrective cycle wave (iv) and then break out to the upside. Target for wave (v) of iii is 2438 min.

As lonf as the Key level holds bias is to the upside.

Support/Resistance:

2571 - WR3

2504 - Swing High

2472 - WR2

2438 - WR1

2410 - 78%Fibo

2340 - Weekly Pivot

2306 - WS1 | KEY LEVEL |

2207 - WS2

Tradinf Recommendation:

As long as KEY LEVEL @ 2306 holds long side of the market should be played with TP @ 2438 min.

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AFTER:

GBPUSD H4 Update

Potential top for wave 2 and Bearish Gartley Formation on chart. 

 Seb

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EUR/USD H1 Update

General Overview on 06/08/2013 09:00 CET:

There might be some direrction starting here after abc Irrgular Flat wave (ii) is done: the current wave progression points out the posiibility of a impulsive bearish movement to the downside.

Only a new high invalidates the bearish Outlook, 

Support/Resistance:

1.3360 - WR1

1.3343 - Swing High

1.3310 - 78%Fibo

1.3272 - Weekly Pivot

1.3224 - Intraday Support

1.3187 - Swing Low

1.3163 - 1.3171 - DEMAND AREA

Trading Recommendation:

According to my count: Shorts should be in play but please mind new high will invalidate the count.

EUR/JPY H1 Update

Please follow the link:
https://www.instaforex.com/forex_analysis/33525/

Thank You,
Seb

USD/CAD M30 Update

Please Follow the link:
https://www.instaforex.com/forex_analysis/33523/

Thank You,
Seb

GBP/JPY H4 Update

General Overview on 05/08/2013 22:00 CET:

Please take a look at the old H4 chart so You can see this analysys was spot on.

Currently still two possible counts are in play:

MAIN: Wave B top is in place and price has made wave (i) to the downside. Now it is in corrective cycle with targets for wave (ii) on the chart. New swing high invalidates this count.

ALTERNATE: Wave B was a lower degree wave alt:X top and recen five wave decline was a last leg of wave alt:Y of wave alt:(X) so now there is wave alt:(Y) to the upside to be done. Break below wave A blue invalidates this view.

Support/Resistance:

154.01 - Swing High

153.89 - WR2

152.92 - WR1

152.78 - 78%Fibo

152.15 - Intraday Resistance

151.30 - 151.50 DEMAND BREAKOUT ZONE

150.79 - Weekly Pivot

149.67 - WS1

148.26 - Swing Low

147.32 - WS2

146.43 - WS3

Trading Recommendation:

Sell anyting in  the golden trend line - intraday resistance (151.30 - 152.15) zone  with SL just above the 152.20 level

Seb

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