The Daily Forecaster

[B]BIAS[/B]: We should see losses to 1.0238-52 before a correction

[B]Resistance[/B]:... 1.0280-90... 1.0312... 1.0330-38... 1.0357
[B]Support[/B]:........ 1.0252-55... 1.0238... 1.0219........ 1.0198

[B]MAIN ANALYSIS[/B]: The 1.0330-39 resistance held perfectly and from there we should see losses to just above the 1.0252 projection. However, I'm not convinced this is the end and while 1.0300-12 caps I see potential risk of losses down to 1.0238-52. That should still provide a correction higher, but quite shallow - probably not moving above 1.0280-00 from where losses should be expected to the 1.0160-98 area. This low should generate a correction of around 80-100 points.

[B]COUNTER ANALYSIS[/B]: ...

Attached Files

• The Brief Daily Forecaster.pdf (86.7 KB, 55 次查看)

Trend lines are a technique that appear very, very simple... and they are. However, the technique is abused and misunderstood by experienced as well as new traders/analysts. In this video I explain the basic definition and function of a trend line and how not to fall for the basic errors that are commonly seen by using some basic logic.

[video=youtube;Tw4GvT9o-Q4]http://www.youtube.com/watch?v=Tw4GvT9o-Q4[/video]

Good trading
Ian Copsey

[B]BIAS[/B]: Expect losses but probably holding above the 0.9021 low

[B]Resistance[/B]:... 0.9099... 0.9117-20... 0.9137-46... 0.9173
[B]Support[/B]:........ 0.9071... 0.9060-65... 0.9044........ 0.9021-25

[B]MAIN ANALYSIS[/B]: Basically yesterday was a nasty & messy sideways range day. However, it does seem to point lower and a break of the 0.9071 low would confirm a double top that has a target at 0.9021-25. That's should be the easy part. I'm not a great fan of 0.9021 breaking as the implication looks exceptionally bearish. While I have highlighted the 0.8932-55 area I feel this would go even lower to 0.8912 minimum and possibly 0.8870.

[B]COUNTER ANALYSIS[/B]: Thus, I'd much prefer ...

Attached Files

• The Brief Daily Forecaster.pdf (87.6 KB, 47 次查看)

The Harmonic Elliott Wave spreadsheet is a core tool that needs to be used to identify waves, and identify common projection targets across the wave degrees in an impulsive move. The video demonstrates the development of USDJPY over around 10 days or price development and how exceptionally accurate forecasts can be achieved. The process can also identify areas where the impulsive development breaks down and thus when a reversal is at risk.

[video=youtube;1czuDk4PU70]http://www.youtube.com/watch?v=1czuDk4PU70[/video]

Further information on understanding price areas where waves can stall, the characteristics of each wave and a range of hints and tips are included in the [B][URL="http://harmonicelliottwave.blogspot.jp/p/video-webinar.html"]video ...