EURUSD 13.09.2013

Hi all,


I'd like to update my view on EURUSD. You can find my prev. post on EURUSD here http://supamanfx.blogspot.com/2013/09/eurusd-11092013.html

And the LT view on EURUSD here: http://supamanfx.blogspot.com/2013/09/eurusd-lt-11092013.html

Price is trapped in a range as you can see on the chart. Bearish divergence still intact signal possible end to ST up cycle from 1.3103. Current key support @ 1.3255, I'm bearish below this level

http://d.pr/i/q5rE - H1 chart

Also worth mentioning, EURUSD printed a daily spinning top candle, suggesting a halt in upside momentum. A break of aforementioned 1.3255 would be early signal the top is in place.

http://d.pr/i/zTqG - Daily chart

Please give your comment on this. Thank you


Supaman_fx

Duc

GBPUSD 13.09.2013

Hi all,


I'd like to update my view on GBPUSD. You can find my prev. post on Cable here
http://supamanfx.blogspot.com/2013/09/gbpusd-11092013.html

http://bit.ly/15ZFZsN - Weekly chart. Coming near to triangle boundary, now acting as resistance, and previous support now turning resistance @ 1.58255

http://bit.ly/18Twf6F - H4 chart

http://bit.ly/1au47c8 - H1 chart

So far, "hypothetical" wave I of Ending Diagonal is larger than Wave III, Wave IV larger than Wave II, and bearish divergence make me expect final top would be achieved below 1.58544

I'd consider breakdown of 1.5754 as early bearish signal. Only below 1.5684 would make me turn strongly bearish on Cable and conclude the top is in place.

This wave count is invalidate above 1.58544

------------------------------------------------------------------------------------------------------
UPDATED: Cable has put a spinning top candle, meaning a halt in upside momentum. More downside movement and the break of aforementioned 1.5754 & 1.5684

http://d.pr/i/lJdk - daily chart


Please give your comment on this. Thank you


Supaman_fx

Duc

EURJPY 12.09.2013

Hi all,


I'd like to share with you my view on EURJPY. The EW Count on H4 courtesy http://theelliottwavesufer.blogspot.com/. I'd like to take this chance to thank EWS for his excellent work.

EURJPY After breaking above the triangle resistance & prev. high @ 132.40, has confirm to resume uptrend on Daily. Currently, this currency pair is revisiting "Psychological" level 132.00 and retesting broken TL. Expect new buyers to jump in @ 132.00-132.10 area.

http://d.pr/i/jFBy - H4 zoom-out

http://d.pr/i/EBnm - H4 zoom-in

http://d.pr/i/2wMq - H1 chart


Please give your comment on this. Thank you

Supaman_fx

Duc

USDJPY 12.09.2013

Hi all,


I'd like to update my view on USDJPY. You can find my prev. post on USDJPY here http://supamanfx.blogspot.com/2013/09/usdjpy-11092013.html

http://d.pr/i/N1SI - H4 chart

http://d.pr/i/QcLa - H1 chart

http://d.pr/i/FS94 - M30 chart zoom-out

http://d.pr/i/58eS - M30 chart zoom-in

I've relabeled wave count on m30 chart. The movement from 98.52 to 100.60 is in 5 waves, following by correction to fill the Monday gap. Expect wave iii purple of Wave III purple on the move


Please give your comment on this. Thank you

Supaman_fx

Duc

EURUSD LT 11.09.2013

Hi all,


I'd like to share with you my LT view on EURUSD

IMHO, this currency pair is in (e) wave of intermediate triangle Wave (B)

http://d.pr/i/ONFi - Weekly chart zoom-out

http://d.pr/i/zcd - Weekly chart zoom-in

http://d.pr/i/jxVw - Daily chart

IMO, EURUSD should be in a strong downleg toward 1.2500-1.2250, and would be bottoming around the end of 2013. Then it would make a strong rally toward 1.4000 (even 1.4500 in case USD getting smoked) to finish wave (e) of Intermediate triangle Wave (B) mentioned above. (See Weekly chart)

Please give your comment on this. Thank you.


Supaman_fx

Duc

EURUSD 11.09.2013

Hi all,


I'd like to update my view on EURUSD. You can find my previous post on EURUSD here http://supamanfx.blogspot.com/2013/09/eurusd-10092013.html

I suspect the correction ABC has come to an end @ 50 back retracement. Bearish divergence signal a possible change in direction.

Key Support lies @ 1.32293, below this level would confirm downside acceleration. 

http://d.pr/i/Ix3a - H1 chart 

Alt. scenario: ED w5 of C http://d.pr/i/S72K - H1 chart

-------------------------------------------------------------------------------------------------------------------

UPDATED: As price action unveil itself, wave iv of C is more complex than expected. I'd like to update my view on EURUSD

http://d.pr/i/aWbd - H4 chart, keep in mind price is at horizontal resistance zone (Gray area)

http://d.pr/i/9DYR - H1 chart, Fibo 61.8% is darn close. Bearish divergence signal Bull team running out of gas.

http://d.pr/i/3wBq - M30 chart

Key Support lies @ 1.3253, I'm bearish below this level


Please give your comment on this. Thank you


Supaman_fx

Duc

GBPUSD 11.09.2013

Hi all,


I'd like to update my view on Cable. You could find my prev. post on Cable here http://supamanfx.blogspot.com/2013/09/gbpusd-10092013.html

Look like the "Fat Lady" is moving as expected with wave iv of ED in place @ 1.5685. Expect the "Fat Lady" to top soon - might be within 1 day.

Key Support @ 1.5685. I'm bearish below this level.

http://d.pr/i/sRx1 - H1 Chart 

Please give your comment on this. Thank you


Supaman_fx

Duc