Eur/Usd : Where's the top?

It is possible that price has allready topped, but it could also go up to one of the 2 resistance levels. Look at a break of the trendlines for signs of more weakeness.

Eur/Usd : Triangle invalidated

As noted in the last post for eur/usd, the triangle count was allready in danger and today the count got invalidated. This leaves us with the 2nd count where we are now in wave X as a complex triple three. There are a couple of ways this could go. A first possibility is price will go straight to the 1.46 resistance zone and reverse sharply after rejecting higher prices. Other possibilities are for price to go to the 1.4720-1.4750 zone or go down a little first before reaching one of the 2 target zones.

Xau/Usd : Downtrend?

Ofcourse the big question for gold is if the major top is in. The decline certainly looks corrective, but this is normal since the rally to the top was a wave 5 expanding diagonal ( 1980 top was wave 3 top ). Resistance of the 61.8% fib from the decline is around 1830. This level has some other fibonacci extension resistance levels.

Aud/Usd : Focus on trendlines

Price had a corrective rally from the bottom, which seems nearly complete. There's a possibility that wave Y of B has another leg higher, but the trendline that got broken and retested is offering resistance. The new trendline is now offering support, should this get broken the decline will accelerate.

Usd/Cad : 2 Triangles

The range in Usd/Cad can be counted as a bearish triangle or a bullish triangle. For the bullish triangle, price has rallied out in 3 waves, making the triangle an X wave. The bearish triangle count has price going lower first, but higher after completion of the correction.

Eur/Usd : Lower but how far

The corrective mess continues and there are 2 possibilities i see for this range. Either a bearish complex double three, where the triangle wave X count i've been following is complete and this is the first part of wave Y. Second is the alternative count on the chart, a triangle where price will rally to around 1.4720.

Gold : Lonely Bear At The Top

It seems that in the latest weeks all the remaining bears have been converted into bulls. I've heared predictions of gold going to 20.000 $/ounce. It is known that at major tops, the majority of the players are bullish and believe price will go much much higher, the current situation certainly fits this description. I believe that this strong, furious rally is the last wave of strength and will be followed by an equally impressive decline. The EW count remains the same as i've had for a long time but went higher than expected. This is probably because wave Y of Y of 5 in the expanding ending diagonal is an flat. And both waves Y are 150% of their waves W, this is less common but then again a big top like this one isn't very common either. Another thing i want to point out is that gold and stocks have moved pretty much together for the last 2 years. Stocks have started what seems to be a big downtrend. Will gold follow? I believe it will.

Eur/Usd : Triangle in danger

Price isn't declining like it should, which puts the triangle count in doubt. As long as price remains below 1.4516 it is valid, but price will have to start to decline soon. Even if the key 1.4516 level breaks, i believe price is close to a wave X top.

Eur/Usd : 5min chart

On this short term chart we can see a nice expanded flat wave (x), where wave c = 2.618 of a and (x) ends around the 76.4% fib retracement of (w). Look for prices to decline and go below 1.4360.

Eur/Usd : Looking for a decline

The triangle count is still in play and the decline is corrective, so the triangle should be labelled triangle wave X. The alternative count is still possible aswell. 1.4535 is limit for the triangle count. A break of 1.4054 and the B-D trendline are confirmation. Don't forget that with corrective mess like this, there are a lot of alternative counts. Different bigger triangles and complex double threes for example.