ActionForex.com
May 24 07:04 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 0.7230 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 22 15 14:42 GMT

As the single currency has remained under pressure after breaking indicated support at 0.7117-23, retaining our view that correction from 0.7014 (wave iii trough) has ended at 0.7483 and bearishness remains for further weakness to 0.7050-60, then retest of 0.7014, however, below there is needed to confirm early decline has resumed and extend fall to psychological support at 0.7000 which is likely to hold on first testing.

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2180 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 22 15 14:37 GMT

As the greenback has risen again after holding above support at 1.2169, suggesting the rise from 1.1920 low is still in progress and bullishness remains for this move to bring retracement of recent decline, hence further gain to previous resistance at 1.2306 would be seen, above there would encourage for headway to 1.2350-60 but near term overbought condition should limit upside and reckon 1.2400-10 would hold from here.

Read more...
 
Trade Idea: EUR/JPY - Hold long entered at 134.50 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 22 15 10:16 GMT

As the single currency has rebounded after finding renewed buying interest at 134.43, retaining our view that low has possibly been formed at 133.92 earlier this week and consolidation with mild upside bias remains for further gain to 135.60-65 (61.8% Fibonacci retracement of 136.96-133.92) and then 136.00, however, reckon upside would be limited to 136.40-50 and bring another decline later.

Read more...
 
Trade Idea: AUD/USD - Sell at 0.7985 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 22 15 10:05 GMT

Aussie's sharp retreat from 0.8163 (last week's high) adds credence to our view that top has possibly been formed there and consolidation with downside bias remains for further weakness, below 0.7860 would extend decline to key support at 0.7788, however, a sustained breach below there is needed to signal recent erratic rise from 0.7533 has ended at 0.8163, bring further fall to 0.7750, then 0.7700-10.

Read more...
 
Trade Idea: EUR/GBP - Sell at 0.7230 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 21 15 15:22 GMT

As the single currency has trader lower after breaking indicated support at 0.7117-23, retaining our view that correction from 0.7014 (wave iii trough) has ended at 0.7483 and bearishness remains for further weakness to 0.7050-60, then retest of 0.7014, however, below there is needed to confirm early decline has resumed and extend fall to psychological support at 0.7000 which is likely to hold on first testing.

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2135 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 21 15 15:18 GMT

As the greenback has continued to trade with a firm undertone after recent rally, adding credence to our view that a temporary low has been formed at 1.1920 last week and upside bias remains for this rebound to bring retracement of recent decline and further gain to previous resistance at 1.2306 would be seen, above there would encourage for headway to 1.2350-60 but near term overbought condition should limit upside and reckon 1.2400-10 would hold from here.

Read more...
 
Trade Idea: EUR/JPY - Buy at 134.50 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 21 15 09:55 GMT

As the single currency has rebounded again after intra-day brief retreat to 134.22, suggesting low has possibly been formed at 133.92 yesterday and consolidation with mild upside bias is seen for recovery to 135.30 (50% Fibonacci retracement of 136.96-133.92) and then 135.60-65 (61.8% Fibonacci retracement), however, reckon upside would be limited to 136.40-50 and bring another decline later.

Read more...
 
Trade Idea: AUD/USD - Sell at 0.7985 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 21 15 09:48 GMT

As aussie has remained under pressure after dropping from 0.8163 (last week's high), bearishness remains for this fall to extend further weakness, below 0.7860 wold add credence to our view that top has been formed, bring further decline to key support at 0.7788, however, a sustained breach below there is needed to signal recent erratic rise from 0.7533 has ended at 0.8163, bring further fall to 0.7750, then 0.7700-10.

Read more...
 
Trade Idea: EUR/GBP - Sell at 0.7230 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 20 15 15:15 GMT

As the single currency has remained under pressure, suggesting a test of indicated support at 0.7117-23 would be seen, however, a sustained breach below there is needed to confirm correction from 0.7014 has ended at 0.7483, bring further fall to 0.7050-60, then retest of 0.7014, below there would confirm early decline has resumed and extend weakness to psychological support at 0.7000

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2135 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 20 15 15:06 GMT

As the greenback has maintained a firm undertone after recent rally, adding credence to our view that a temporary low has possibly been formed at 1.1920 and upside bias remains for this rebound to bring retracement of recent decline and further gain to previous resistance at 1.2306 would be seen, above there would encourage for headway to 1.2350-60

Read more...
 
Trade Idea: EUR/JPY - Buy at 133.60 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 20 15 10:25 GMT

Although the single currency has recovered after intra-day marginal fall to 133.92, reckon resistance at 134.77 would limit upside and bring another decline, below said support at 133.92 would extend the fall from 136.96 towards support at 133.49, however, loss of momentum should prevent sharp fall below another previous support at 133.11, bring rebound later this week.

Read more...
 
Trade Idea: AUD/USD - Sell at 0.7985 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 20 15 10:10 GMT

As aussie has fallen again after brief recovery, suggesting the fall from 0.8163 (last week's high) is still in progress and test of previous support at 0.7863 is underway, however, break there is needed to add credence to our view that recent erratic rise from 0.7533 has ended at 0.8163, bring further fall to 0.7750, then 0.7700-10.

Read more...
 
Trade Idea: EUR/GBP - Sell at 0.7305 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 19 15 14:54 GMT

Although the single currency retreated after early anticipated rebound to 0.7284, break of support at 0.7117-23 is needed to signal correction from 0.7014 has ended, bring further fall to 0.7050-60, then retest of 0.7014, below there would confirm early decline has resumed and extend weakness to psychological support at 0.7000 which is likely to hold on first testing. If said support continues to hold, then further consolidation is in store

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2150 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 19 15 14:45 GMT

As the greenback has surged again after brief pullback, adding credence to our view that a temporary low has possibly been formed at 1.1920 and upside bias remains for this rebound to bring retracement of recent decline and further gain to previous resistance at 1.2306 would be seen, above there would encourage for headway to 1.2350-60 but near term overbought condition should limit upside and reckon 1.2400-10 would hold

Read more...
 
Trade Idea: EUR/JPY - Sell at 135.00 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 19 15 09:37 GMT

Euro's sharp retreat from 136.96 adds credence to our view that top has possibly been formed there and consolidation with downside bias remains for weakness towards support at 133.49, however, break there is needed to retain bearishness and bring retracement of recent rise to 133.11 support, below there would extend weakness to 132.50-60 and later towards 132.00.

Read more...
 
Trade Idea: AUD/USD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | May 19 15 09:21 GMT

As price has remained under pressure after retreating from 0.8163 (last week's high), suggesting near term downside risk remains for this move to extend weakness to 0.7900 but only break of support at 0.7863 would signal top has been formed at 0.8163, bring further decline towards 0.7800 but reckon support at 0.7788 would hold on first testing.

Read more...
 
Trade Idea: EUR/GBP - Target met and stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | May 18 15 14:12 GMT

The single currency did move higher in line with our expectations, our long position entered at 0.7135 met indicated target at 0.7250 with 115 points profit as price rose to as high as 0.7284 earlier today, having said that, as the move from 0.7123 is viewed as retracement of the fall from 0.7483, reckon upside would be limited to resistance at 0.7312 and 0.7345 (61.8% Fibonacci retracement of 0.7483-0.7123) should hold

Read more...
 
Trade Idea: USD/CAD - Buy at 1.2080 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 18 15 13:56 GMT

Despite last week's fall to 1.1920, as the greenback found good support there and has staged a strong rebound, suggesting a temporary low has possibly been formed there and consolidation with mild upside bias is seen for test of resistance at 1.2163, however, break there is needed to add credence to this view, bring retracement of recent decline to resistance at 1.2205, above there would extend gain to 1.2260-70

Read more...
 
Trade Idea: EUR/JPY - Exit long entered at 135.30 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 18 15 09:36 GMT

Despite rising to 136.96 earlier today, current retreat suggests top has possibly been formed and consolidation below this level is seen with mild downside bias for test of support at 135.70 but break there is needed to add credence to this view, bring test of 135.30-35, below there would bring retracement of recent upmove to 134.90-00, then 134.50 but reckon support at 134.21 would hold from here.

Read more...
 
Trade Idea: AUD/USD - Buy at 0.7950 Print E-mail
Elliott Wave Daily | Written by Action Forex | May 18 15 09:31 GMT

Aussie's retreat from last week's high of 0.8163 has retained our view that consolidation below this level would bee seen and correction to 0.7970 is likely, however, still reckon downside would be limited to 0.7950 and bring another rise later, above 0.8100 would bring retest of 0.8163 but break there is needed to signal the erratic rise from 0.7533 low has resumed for retracement of early decline to 0.8200-10

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

Page 1 of 112
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Trade Ideas

Candlesticks Trades
Elliott Wave Trades

Forex Brokers

ActionForex.com © 2015 All rights reserved.