ActionForex.com
Jul 04 10:05 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 - Sell at 0.7210 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 03 15 14:50 GMT

Euro's near term sideyways trading is likely to continue and above 0.7129-30 would bring another test of resistance at 0.8168, break there would bring retracement of recent decline to 0.7190-00 but renewed selling interest should emerge around resistance at 0.7211, bring another decline later. Below 0.7060-65 would bring retest of support at 0.6988 but break there is needed to signal recent decline has resumed in wave v

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2470 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 03 15 14:44 GMT

As the greenback has maintained a firm undertone after surging to 1.2633 yesterday, suggesting bullishness remains for recent upmove from 1.1920 (wave c and probably entire wave iv) to extend further gain in wave iii to 1.2665-70, then 1.2700.

Read more...
 
Trade Idea: EUR/JPY - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 03 15 09:47 GMT

The single currency has remained confined within near term range and further sideways trading is in store, although recovery to resistance at 137.53 cannot be ruled out, break there is needed to signal the pullback from 138.13 has ended, bring test of this level later. Above there would extend the rebound from 133.78 (Monday's low) to 138.68  but only break there would confirm low has been formed

Read more...
 
Trade Idea: AUD/USD - Sell at 0.7645 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 03 15 09:44 GMT

As aussie has dropped again after meeting renewed selling interest at 0.7649 earlier today and broke below support at 0.7587, adding credence to our view that recent decline has resumed and bearishness remains for recent decline to extend weakness to 0.7500 and possibly towards 0.7440-50, however, loss of downward momentum should prevent sharp fall below 0.7400 and bring rebound later.

Read more...
 
Trade Idea: EUR/GBP - Sell at 0.7210 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 02 15 15:39 GMT

The single currency has remained confined in narrow range after meeting resistance at 0.7168 and although near term downside risk is for weakness to 0.7045-50, if our view that low has possibly been formed at 0.6988 earlier this week is correct, downside would be limited and euro may stage another rebound, above 0.7130 would bring test of said resistance at 0.7168, however, renewed selling interest should emerge around resistance at 0.7211, bring another decline

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2470 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 02 15 15:36 GMT

As the greenback has retreated after rising to 1.2633, suggesting consolidation below this level would be seen and pullback to 1.2500 cannot be ruled out, however, reckon 1.2460-70 would limit downside and bring another rise later, above said resistance would extend recent upmove from 1.1920 (wave c and probably entire wave iv) in wave iii to 1.2665-70, then 1.2700.

Read more...
 
Trade Idea: AUD/USD - Sell at 0.7670 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 02 15 10:13 GMT

As aussie has fallen again after meeting renewed selling interest at 0.7739 yesterday, suggesting the rebound from 0.7587 has ended there and retest of this level would be seen, break there would signal recent decline has resumed and extend weakness towards 0.7550, then 0.7500, however, loss of downward momentum should prevent sharp fall below latter level and bring rebound later.

Read more...
 
Trade Idea: EUR/GBP - Sell at 0.7210 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 01 15 14:30 GMT

Although the single currency has retreated after meeting resistance at 0.7168 yesterday and near term downside risk is for weakness to 0.7045-50, if our view that low has possibly been formed at 0.6988 earlier this week is correct, downside would be limited and euro may stage another rebound, above 0.7125-30 would bring test of said resistance at 0.7168, however, renewed selling interest should emerge around resistance at 0.7211, bring another decline later. Below 0.7045-50 would bring retest of said support at 0.6988

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2470 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 01 15 14:17 GMT

The greenback has rallied after finding renewed buying interest at 1.2304 earlier this week and current break of previous resistance at 1.2563 adds credence to our view that wave ii correction has ended at 1.2128 and bullishness remains for the rise from 1.1920 (wave c and probably entire wave iv) to extend further gain to 1.2600 and later towards 1.2665-70.

Read more...
 
Trade Idea: AUD/USD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 01 15 09:38 GMT

Aussie's rebound after marginal fall to 0.7587 earlier this week suggests low has possibly been formed there and consolidation with mild upside bias is seen for gain towards 0.7750-55, however, break of resistance at 0.7771 is needed to add credence to this view, bring a stronger rebound to 0.7800 but price should falter below resistance at 0.7849 (this month's high), bring another decline later.

Read more...
 
Trade Idea: EUR/JPY - Stopped profit and stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Jul 01 15 09:33 GMT

Although the single currency has rebounded after finding support at 135.88 yesterday and test of resistance at 137.53 cannot be ruled out, break there is needed to signal the pullback from 138.13 has ended, bring test of this level later. Above there would extend the rebound from 133.78 (Monday's low) to 138.68  but break there is needed to confirm low has been formed instead, risk a stronger rebound to resistance at 139.17, above there would suggest correction from 141.06 is over, bring further rise towards 140.00

Read more...
 
Trade Idea: EUR/GBP - Sell at 0.7210 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jun 30 15 14:54 GMT

Although the single currency staged a strong rebound after falling to 0.6988 yesterday and consolidation above this level would be seen, reckon upside would be limited to 0.7165-75 and renewed selling interest should emerge around resistance at 0.7211, bring another decline later. Below 0.7045-50 would bring retest of said support at 0.6988 but break there is needed to signal recent decline has resumed in wave v for weakness to 0.6950-60 then towards 0.6920.

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2380 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jun 30 15 14:48 GMT

The greenback has risen again after brief pullback and bullishness remains for the rebound from 1.2128 (this month's low and tentatively wave ii trough) to extend gain to 1.2500, however, only break there would add credence to our view that wave ii from 1.2563 has ended at 1.2128 and bring further rise to 1.2520-25. A break of resistance at 1.2563 would confirm upmove from 1.1920 (wave c and probably entire wave iv) has resumed for gain to 1.2600 and later 1.2630-40.

Read more...
 
Trade Idea: EUR/JPY - Hold short entered at 137.65 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jun 30 15 09:01 GMT

Although the single currency rallied yesterday after falling to 133.78, as euro ran into renewed selling interest at 138.13 and has retreated again, retaining our bearishness (we recommended to sell yesterday and a short position was entered at 137.65) and consolidation with downside bias remains for weakness to 135.40-50, below would suggest the rebound from 133.78 has ended, bring test of 134.45-50 but break there is needed to confirm and retest of this level would follow.

Read more...
 
Trade Idea: AUD/USD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Jun 30 15 08:54 GMT

Despite breaking below previous support at 0.7598, lack of follow through selling and the subsequent rebound from 0.7587 suggest consolidation above this level would be seen and recovery to 0.7710-20 cannot be ruled out, however, break of resistance at 0.7771 is needed to signal low has been formed there, bring a stronger rebound to 0.7800 but price should falter below resistance at 0.7849 (this month's high), bring another decline later.

Read more...
 
Trade Idea: EUR/GBP - Sell at 0.7210 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jun 29 15 15:41 GMT

Although the single currency dropped initially today and broke below previous support at 0.7014, lack of follow through selling and current rebound suggest consolidation would be seen and another corrective bounce to 0.7145-50 cannot be ruled out, however, price should falter below resistance at 0.7211, bring another decline later. A break of intra-day support at 0.6988 would signal recent decline is still in progress in wave v for weakness to 0.6950-60 then towards 0.6920.

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2280 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jun 29 15 15:34 GMT

Although the greenback rebounded after finding support at 1.2304 earlier today and test of last week's high at 1.2423 cannot be ruled out, break there is needed to extend the rebound from 1.2128 (this month's low) to extend gain to 1.2470-75, however, only break there would signal the retreat from 1.2563 has ended at 1.2128 as wave ii and bring further rise to 1.2520-25. A break of resistance at 1.2563 would confirm upmove from 1.1920 (wave c and probably entire wave iv) has resumed for gain to 1.2600 and later 1.2630-40.

Read more...
 
Trade Idea: EUR/JPY - Sell at 137.65 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jun 29 15 10:40 GMT

The single currency only recovered to 138.68 before meeting renewed selling interest there and tumbled earlier today, however, lack of follow through selling and current rebound from 133.78 suggests consolidation above this level would be seen and further recovery to 137.00 is likely, however, reckon previous support at 137.67 would turn into resistance and limit euro's upside, bring another decline later. Below 135.40-50 would bring test of 134.45-50

Read more...
 
Trade Idea: AUD/USD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Jun 29 15 10:26 GMT

Despite intra-day brief fall to 0.7587, lack of follow through selling and the subsequent rebound suggest consolidation would be seen and recovery to 0.7700 cannot be ruled out, however, break of resistance at 0.7771 is needed to signal low has been formed, bring a stronger rebound to 0.7800 but price should falter below resistance at 0.7849 (this month's high), bring another decline later.

Read more...
 
Trade Idea: EUR/GBP - Sell at 0.7175 Print E-mail
Elliott Wave Daily | Written by Action Forex | Jun 26 15 15:00 GMT

As the single currency has remained under pressure after falling to 0.7080 earlier this week, bearishness remains for test of previous support at 0.7055, however, break there is needed to signal early decline has resumed in wave v, bring retest of recent low at 0.7014 (wave iii trough). If said support at 0.7055 continues to hold, then further consolidation is in store and another corrective bounce to 0.7150 cannot be ruled out, however, reckon 0.7175-80 would limit upside and bring another decline later.

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

Page 1 of 118
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Trade Ideas

Candlesticks Trades
Elliott Wave Trades

Forex Brokers

ActionForex.com © 2015 All rights reserved.