The Daily Forecaster

[B]BIAS[/B]: Still some work here to do before the uptrend can be confirmed…

[B]Resistance[/B]:... 1.0252... 1.0272........ 1.0290... 1.0326
[B]Support[/B]:........ 1.0235... 1.0212-19... 1.0195... 1.0165-82

[B]MAIN ANALYSIS[/B]: Frustratingly we saw another dip to 1.0182 but then to the (what had been) double bottom target around 1.0275. I remain a bit more on the bullish side due to what's going on elsewhere although yesterday's low is exceptionally deep for a correction. We should be due a correction but at this stage the depth can still be very deep - even 100% - so care is still required. Areas to consider as potential support are at 1.0212-19 and 1.0195. As long as these support then price should ...

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• The Brief Daily Forecaster.pdf (88.3 KB, 61 次查看)

[B]BIAS[/B]: Slightly cautious but close to breaking higher to see 101.74-00 initially

[B]Resistance[/B]:... 101.74-00... 102.44-60... 102.87... 103.18
[B]Support[/B]:........ 101.24........ 100.71........ 100.42... 100.10

[B]MAIN ANALYSIS[/B]: Price rallied as preferred, stalling 6 points below the 101.53-74 target area to provoke the minor correction I suggested but should now be on its way to the 101.74-00 area. This should cap for a correction lower but I doubt it will get below 101.00-25. Once seen we should see the uptrend resume back to the 101.74-00 area with the next larger target around 102.87-103.18.

[B]COUNTER ANALYSIS[/B]: Any earlier failure below 100.70 would risk losses to ...

Attached Files

• The Brief Daily Forecaster.pdf (87.0 KB, 36 次查看)

[B]DAILY STRUCTURE[/B]

[IMG]http://i1079.photobucket.com/albums/w514/HarmonicElliottWave/FXS1-10.jpg[/IMG]
[B]25th September[/B]:

I got a little ahead of myself last week and feel that the 79.21 high was probably Wave -a- of Wave -i- and wheat we are seeing now is Wave -b-. Thus we shall either see Wave -i- stall below the 79.66 high or potentially a little higher but holding below the 80.62 Wave (x) high. Identifying just where it will be and then the Wave -ii- is the foundation for the rest of the Wave (a) higher so this week we should focus on observing these first rallies in order to feel more comfortable about the (expected) impending rally.

[B]INTRADAY STRUCTURE[/B]

...

Attached Files

• The Brief FX & Metals Weekly Harmonic Analyst.pdf (362.3 KB, 26 次查看)

[B]BIAS[/B]: Losses have put more dependence on the 1.2787 retracement area

[B]Resistance[/B]:... 1.2852-70... 1.2890... 1.2909... 1.2939-59
[B]Support[/B]:........ 1.2828........ 1.2816... 1.2787... 1.2758-68

[B]MAIN ANALYSIS[/B]: Further gains were seen on Friday that stalled at the high end of the initial target at 1.2940-60. The depth of the correction has been extreme. I am also aware that USDCHF did not break above 0.9417 - and I feel it should have done. Actually, as I write the 1.2828 low has been broken... even 1.2816 that really just leaves the 1.2787 area but what is missing is any hourly bullish divergence and thus I'd suggest taking care around 1.2787 unless there is a solid pattern reversal. ...

Attached Files

• The Brief Daily Forecaster.pdf (89.4 KB, 34 次查看)