ActionForex.com
Sep 05 03:40 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 - Hold long entered at 0.7300 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 04 15 14:27 GMT

Euro's retreat after meeting resistance at 0.7376 yesterday suggests further consolidation would be seen and minor support at 0.7262 needs to hold to retain prospect of another rebound, above said resistance would bring test of 0.7395 but break there is needed to signal upmove has resumed for retest of 0.7423.

Read more...
 
Trade Idea: USD/CAD - Buy at 1.3155 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 04 15 14:23 GMT

The greenback has remained confined within recent established range and further choppy trading would be seen, however, reckon 1.3117 support would contain downside and bring another rise later, above 1.3300 would bring retest of last week's high at 1.3354. Once this resistance is penetrated, this would signal recent upmove has resumed and extend further gain to 1.3390-00

Read more...
 
Trade Idea: EUR/JPY - Sell at 134.30 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 04 15 09:07 GMT

As the single currency has remained under pressure after yesterday's selloff below previous support at 133.31 (wave a trough), adding credence to our bearish view for the wave c to extend further weakness to 132.00-10, however, near term oversold condition should limit downside to 131.25-30 (100% projection of wave a)

Read more...
 
Trade Idea: AUD/USD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 04 15 08:57 GMT

Although the Australian dollar has fallen again after meeting renewed selling interest at 0.7063 and near term downside risk remains for recent decline to extend weakness towards 0.6925-35 (1.618 times projection of 0.8163-0.7598 measuring from 0.7849), loss of near term downward momentum should prevent sharp fall below 0.6900

Read more...
 
Trade Idea: EUR/GBP - Hold long entered at 0.7300 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 03 15 15:17 GMT

As the single currency has retreated quite sharply after meeting resistance at 0.7340 today, dampening our bullishness and minor support at 0.7262 needs to hold to retain prospect of another rebound, above 0.7340 would bring test of 0.7395 but break there is needed to signal upmove has resumed for retest of 0.7423. Looking ahead, only break of this last week's high would confirm recent upmove has resumed

Read more...
 
Trade Idea: USD/CAD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 03 15 15:12 GMT

Despite yesterday's rebound to 1.3325, as the greenback has retreated again after faltering below indicated resistance at 1.3327 (Monday's high), retaining our view that further consolidation below last week's high of 1.3354 would be seen and below support at 1.3117 would bring retracement of recent upmove to 1.3050-60, having saidĀ  that, reckon 1.3000 would contain weakness and price should stay well above 1.2952

Read more...
 
Trade Idea: EUR/JPY - Sell at 136.35 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 03 15 08:57 GMT

The single currency has trade narrowly after falling to 134.68 earlier this and near term sideways consolidation is likely to continue, however, reckon upside would be limited to 135.80-85 and renewed selling interest should emerge below 136.40-50, bring another decline, break of said support would signal the fall from 139.01 (wave b top) is still in progress and bearishness remains for this move to extend further weakness to 134.40-50, then towards 133.90-00, however, near term oversold condition would limit downside to 133.50

Read more...
 
Trade Idea: AUD/USD - Sell at 0.7075 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 03 15 08:53 GMT

As the Australian dollar has remained under pressure after breaking below previous support at 0.7043, adding credence to our view that recent downtrend has resumed and bearishness remains for further weakness to 0.6925-35 (1.618 times projection of 0.8163-0.7598 measuring from 0.7849) and later towards 0.6900, however, near term oversold condition should limit downside to 0.6870-75 and reckon 0.6850 would hold from here, bring rebound later.

Read more...
 
Trade Idea: EUR/GBP - Buy at 0.7300 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 02 15 14:05 GMT

The single currency has staged a strong rebound after finding good support at 0.7246 late last week, suggesting the correction from 0.7423 has possibly ended there and consolidation with upside bias remains for gain to last week's high at 0.7423, however, break there is needed to confirm recent upmove has resumed and extend gain to 0.7450, then towards 0.7475-80, otherwise, further consolidation is in store.

Read more...
 
Trade Idea: USD/CAD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 02 15 14:03 GMT

Although the greenback has rebounded after holding above yesterday's low at 1.3117 and consolidation with initial upside bias is seen for gain to 1.3300, break of indicated resistance at 1.3327 (Monday's high) is needed to signal correction from last week's high at 1.3354 has ended, bring retest of this level. Once this resistance is penetrated, this would signal recent upmove has resumed and extend further gain to 1.3390-00, however, this minor wave v of iii should be limited to 1.3440-50

Read more...
 
Trade Idea: EUR/JPY - Sell at 136.35 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 02 15 08:27 GMT

Yesterday's drop below 135.26 support signals the fall from 139.01 (wave b top) is still in progress and bearishness remains for this move to extend further weakness to 134.50, then towards 133.90-00, however, near term oversold condition would limit downside to 133.50 and reckon 133.00-10 would hold from here, risk from there is seen for a rebound to take place later.

Read more...
 
Trade Idea : AUD/USD - Sell at 0.7075 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 02 15 08:21 GMT

Yesterday's selloff together with the breach of previous support at 0.7043 signals recent downtrend has resumed and bearishness remains for further weakness to 0.6925-35 (1.618 times projection of 0.8163-0.7598 measuring from 0.7849) and later towards 0.6900, however, near term oversold condition should limit downside to 0.6870-75 and reckon 0.6850 would hold from here, bring rebound later.

Read more...
 
Trade Idea: EUR/GBP - Buy at 0.7280 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 01 15 14:41 GMT

The single currency found good support at 0.7245 and has rebounded, suggesting the correction from 0.7423 has possibly ended there and consolidation with upside bias is seen for gain to 0.7400 but break of last week's high at 0.7423 is needed to confirm recent upmove has resumed and extend gain to 0.7450, then towards 0.7475-80, otherwise, further consolidation is in store.

Read more...
 
Trade Idea: USD/CAD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 01 15 14:33 GMT

Despite yesterday's brief bounce to 1.3327, the subsequent retreat has retained our view that further consolidation below last week's high of 1.3354 would be seen and another corrective fall to 1.3100, then towards support at 1.3060 cannot be ruled out, however, only break of latter levelĀ  would add credence the view that top has been formed, then fall to indicated support at 1.3016-24 would follow

Read more...
 
Trade Idea: EUR/JPY - Sell at 136.50 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 01 15 10:32 GMT

As the single currency has fallen again after brief recovery, suggesting the decline from 139.01 top is still in progress and may extend weakness to 134.50, then towards 133.90-00, however, near term oversold condition would limit downside to 133.50 and reckon 133.00-10 would hold from here, risk from there is seen for a rebound to take place later.

Read more...
 
Trade Idea: AUD/USD - Sell at 0.7150 Print E-mail
Elliott Wave Daily | Written by Action Forex | Sep 01 15 10:27 GMT

Aussie met renewed selling interest at 0.7154 (just missed our short entry at 0.7160) and has retreated, retaining our bearishness for retest of last week's low at 0.7043, break there would extend recent decline to psychological support at 0.7000, however, loss of downward momentum should prevent sharp fall below 0.6970-75 and reckon 0.6950 would hold from here, bring rebound later.

Read more...
 
Trade Idea: EUR/GBP - Buy at 0.7230 Print E-mail
Elliott Wave Daily | Written by Action Forex | Aug 31 15 15:13 GMT

The single currency met resistance at 0.7355 on Friday and has retreated again, retaining our view that further consolidation would be seen with initial downside risk for another corrective fall, however, reckon 0.7220-25 (50% Fibonacci retracement of 0.7026-0.7423) would limit downside and bring another rebound, above 0.7355-64 would bring retest of last week's high at 0.7423.

Read more...
 
Trade Idea: USD/CAD - Stand aside Print E-mail
Elliott Wave Daily | Written by Action Forex | Aug 31 15 15:09 GMT

Although the greenback has rebounded again after finding support at 1.3167 on Friday, break of last week's high of 1.3354 is needed to signal recent upmove has resumed and extend further gain to 1.3390-00, however, this minor wave v of iii should be limited to 1.3440-50, risk from from there is seen for a correction to take place later. We are keeping our count that complex wave iv from 1.2835 ended at 1.1920 and wave v is underway

Read more...
 
Trade Idea: EUR/JPY - Sell at 137.50 Print E-mail
Elliott Wave Daily | Written by Action Forex | Aug 31 15 10:18 GMT

As the single currency has recovered again after holding above said support at 135.26 (last week's low), retaining our view that further consolidation above this level would be seen and rebound to 137.00 cannot be ruled out, however, reckon upside would be limited to 137.50-60 and bring another decline later. Below said support at 135.26 would extend the decline from 139.01 to 135.00 and later towards 134.50

Read more...
 
Trade Idea : AUD/USD - Sell at 0.7160 Print E-mail
Elliott Wave Daily | Written by Action Forex | Aug 31 15 10:12 GMT

As aussie has retreated after meeting renewed selling interest at 0.7206 late last week, consolidation with downside bias is seen for weakness to 0.7070 support but break there is needed to signal correction from 0.7043 has ended, bring retest of this level later. A drop below this support would extend recent downtrend to psychological support at 0.7000 which is likely to hold on first testing, bring rebound later.

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

Page 1 of 125
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Trade Ideas

Candlesticks Trades
Elliott Wave Trades

Forex Brokers

ActionForex.com © 2015 All rights reserved.