ActionForex.com
Feb 11 19:07 GMT

Sponsors

Forex Expos

Elliott Wave Daily Trade Ideas

Elliott Wave Principle reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. If you can identify repeating patterns in prices, and figure out where in those repeating patterns we are today, then you can predict where we are going in the future.

  • The daily trade ideas section provides trading strategies everyday for our readers to profit from these identifiable patterns.
  • The weekly analysis section provides wave counts and forecasts from the bigger picture.

Elliott Wave Daily Trade Ideas Update Schedule:

  • AUD/USD, EUR/JPY: 0800 - 0830 GMT
  • EUR/GBP, USD/CAD: 1430 - 1500 GMT


Trade Idea: EUR/GBP - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 11 16 14:44 GMT

Although the single currency had found renewed buying interest at 0.7713 (just took our stop at 0.7720) and staged the anticipated rally to as high as 0.7898, weakening of near term upward momentum should prevent sharp move beyond 0.7915-20 and price should falter below 0.7950, risk from there is seen for a retreat to take place later.

Read more...
 
Trade Idea: USD/CAD - Target met and stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 11 16 14:36 GMT

The greenback has rebounded again today and broke above previous resistance at 1.3978, adding credence to our view that a temporary low has been formed at 1.3639 last week, our long position met indicated upside target at 1.3985 with 200 points, hence consolidation with mild upside bias remains for this rebound to bring retracement of recent decline and further gain to

Read more...
 
Trade Idea: EUR/JPY - Sell at 127.30 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 11 16 10:07 GMT

Euro's decline gathered momentum after meeting renewed selling interest at 130.27 earlier this week and price broke below previous support at 126.17, suggesting recent decline is still in progress and may extend further weakness to 125.50, then 125.00, however, near term oversold condition should limit downside to

Read more...
 
Trade Idea: AUD/USD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 11 16 09:59 GMT

Although aussie ran into selling interest at 0.7153 and has dropped quite sharply from there, break of indicated support at 0.6974 is needed to revive bearishness and extend the fall from 0.7243 top to 0.6950, then towards support at 0.6919 which is likely to hold on first testing.

Read more...
 
Trade Idea: EUR/GBP - Hold long entered at 0.7755 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 10 16 14:39 GMT

Although the single currency has retreated after rising to 0.7851 yesterday and consolidation below this level would be seen, as long as 0.7720 holds, mild upside bias remains for another rebound, above 0.7815-20 would bring retest of 0.7851 but break there is needed to extend recent rise from 0.6982 towards

Read more...
 
Trade Idea: USD/CAD - Hold long entered at 1.3785 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 10 16 14:26 GMT

The greenback has rebounded after finding renewed buying interest at 1.3785, consolidation with mild upside bias remains for another test of resistance at 1.3978 (this week's high), however, break there is needed to add credence to our view that low has been formed at 1.3639 last week and extend the rise from there for retracement of recent decline to

Read more...
 
Trade Idea: EUR/JPY - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 10 16 10:08 GMT

Euro's rebound from 128.27 (yesterday's low) turned out to be stronger than expected, dampening our bearishness and further consolidation above said support is in store, above resistance at 130.27 (yesterday's high) would signal low is formed, bring a stronger rebound to 130.90-00 but a firm break above there is needed to signal the fall from 132.33 has ended, then test of

Read more...
 
Trade Idea: AUD/USD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 10 16 09:58 GMT

Despite falling briefly to 0.6974 yesterday, aussie found good support there and has staged a strong rebound, suggesting the decline from 0.7243 has ended there (with a sub-divided 5-waver), hence consolidation with mild upside bias would be seen and gain to 0.7150 cannot be ruled out, however, as broad outlook remains consolidative, reckon upside would be limited and price should falter well below

Read more...
 
Trade Idea: EUR/GBP - Buy at 0.7755 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 09 16 14:44 GMT

The single currency only eased to 0.7661 (we recommended in our previous update to buy at 0.7645 and missed the long entry) before staging the anticipated rally yesterday, the subsequent breach of previous resistance at 0.7756 confirms our view that recent upmove has resumed and further gain to

Read more...
 
Trade Idea: USD/CAD - Buy at 1.3785 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 09 16 14:39 GMT

As the greenback staged a strong rebound after falling to 1.3639 last week, suggesting a temporary low has been formed there and consolidation with mild upside bias is seen for retracement of recent decline, above yesterday's high at 1.3978 would add credence to this view, bring a stronger rebound to

Read more...
 
Trade Idea: EUR/JPY - Sell at 129.50 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 09 16 09:44 GMT

The single currency has dropped sharply after meeting renewed selling interest at 130.91 yesterday, signaling top has been formed at 132.33 earlier and consolidation with downside bias is seen for weakness to 128.00, then test of 127.82 support but break of 127.40-45 is needed to confirm the rebound from 126.17 low has ended, bring further fall to

Read more...
 
Trade Idea: AUD/USD - Sell at 0.7125 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 09 16 09:36 GMT

Although aussie rose to as high as 0.7243 late last week, the subsequent selloff suggests top has possibly been formed there and consolidation with downside bias is seen for test of support at 0.7003 support, break there would add credence to this view, then further fall to

Read more...
 
Trade Idea: EUR/GBP - Buy at 0.7645 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 05 16 14:57 GMT

Euro's strong rebound after holding above support at 0.7526 signals the pullback from 0.7756 has ended there and bullishness is seen for further gain towards said resistance, however, break there is needed to confirm upmove has resumed and extend recent rise to 0.7800 and possibly towards 0.7845-50 but price should falter below

Read more...
 
Trade Idea: USD/CAD - Exit short entered at 1.3800 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 05 16 14:52 GMT

Despite yesterday's fall to 1.3639, the subsequent rebound from there suggests a minor low has been formed there and consolidation above this level is seen with mild upside bias for correction of recent decline to 1.3850, and possibly towards 1.3900, however, break of previous support at 1.3908 is needed to signal the fall from 1.4690 has ended

Read more...
 
Trade Idea: EUR/JPY - Hold long entered at 130.45 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 05 16 10:18 GMT

As the single currency has retreated after meeting resistance at 131.66 yesterday, suggesting further consolidation would be seen, however, as long as indicated support at 130.05 holds, mild upside bias remains for another rebound, above said resistance at 131.66 would bring test of

Read more...
 
Trade Idea: AUD/USD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 05 16 10:15 GMT

As aussie has retreated after rising to 0.7243 yesterday, suggesting consolidation below this level would be seen and pullback to 0.7150 and then 0.7125-30 is likely, however, only break of 0.7090-00 would signal top has been formed there, bring retracement of recent rise to

Read more...
 
Trade Idea: EUR/GBP - Stopped profit and buy at 0.7645 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 04 16 15:01 GMT

As indicated support at 0.7526 has continued to hold and the single currency has staged a strong rebound from there, current break of resistance at 0.7666 signals the pullback from 0.7756 has ended at 0.7526 and further gain towards said resistance would be seen, however, break there is needed to signal upmove has resumed and extend recent upmove to

Read more...
 
Trade Idea: USD/CAD - Sell at 1.3800 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 04 16 14:50 GMT

The greenback has dropped sharply after meeting renewed selling interest at 1.4103, adding credence to our view that top has been formed at 1.4690 and bearishness remains for the fall from there to extend weakness to 1.3600, then 1.3550-60, however, near term oversold condition should limit downside to 1.3500, risk from there is seen for a rebound

Read more...
 
Trade Idea: EUR/JPY - Hold long entered at 130.45 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 04 16 09:44 GMT

As the single currency found support at 130.05 and has rebounded, retaining our bullish view and consolidation with upside bias is seen for test of 132.00, above there would signal the pullback from last week's high at 132.33 has ended, bring retest of this level, break there would extend the rise from 126.17 low for retracement of recent decline to

Read more...
 
Trade Idea: AUD/USD - Buy at 0.7130 Print E-mail
Elliott Wave Daily | Written by Action Forex | Feb 04 16 09:41 GMT

Aussie's rise from 0.7003 (yesterday's low) gathered momentum and broke above previous resistance at 0.7141, adding credence to our view that the rise from 0.6827 low is still in progress and may extend further gain to 0.7250 and possibly

Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 145
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Trade Ideas

Candlesticks Trades
Elliott Wave Trades

Forex Brokers

ActionForex.com © 2016 All rights reserved.