EverythingForex

26th April Daily Wrapup & Updates (Free Edition)

FX:AUDUSD   Australian Dollar / U.S. Dollar
I will post these updates here for this week only! After which, if you wish to receive them, you can sign up (FREE) for email updates and/or just see them on my website (free registration required).

This Daily Wrapup & Updates will be published daily from Monday- Thursday. Friday Edition will be published on Monday morning (all dates/times are based on EST or GMT             -4).

Daily Wrapup & Updates are just a brief overview on what the markets have done and what I think MAY happen. These are not comprehensive analysis on the markets. So please use them as such.

26th April Daily Wrapup & Updates


USDJPY
Today, prices moved EXACTLY as projected they would yesterday. Now looking for prices to complete the 2 POTENTIAL Bats and then look for SELL setups.

AUDUSD
AUDUSD             is still in its' uptrend and with today's non-action there is still not any bearish PA to show it is ending as of yet. I'm showing 2 scenarios possible here now. The one on the left is an ED with another high yet to come. This is the scenario I currently favor. The one on the right is a H&S pattern. It's also not confirmed yet. A break of the neckline will favor that scenario. We are already LONG in this pair and in profit.

USDCAD
USDCAD             basically had no change today. Still looking bearish . (see my free in-depth analysis: (F) USDCAD: Finishing Up The Downtrend)

GBPUSD
We got what we were looking for in GBPUSD             today. Prices went EXACTLY as predicted and gave us a sell setup. Currently SHORT and already in profit. Should now descend to retest the broken TL wave (4). (see recent post: (B) GBPUSD: Still Looking Higher - subscription required. Click here to subscribe to trial offer: Subscribe Now!) We are already SHORT in GBPUSD             and already in profit.

EURUSD
EUR popped up today to retest a broken minor TL and that TL held as prices broke above it briefly and just as quickly broke back down. For now, that is a bearish PA and is signaling that there will be further declines coming. So far, EURUSD             has followed more or less the projections that I laid out for it back on April 13th when I predicted that price action would setup a divergence and then drop. This is the post from then: (F) Update: EURUSD             – Lesson On Price Action Updated (no subscription required). It was a subscriber's only post but I have now made it available to everyone. There is an important lesson in price action in that post so if you want a good example of it, go read it. We are already SHORT in EURUSD             and looking for profits.

USDCHF
Moving as expected. USDCHF             retraced back down and hit the broken TL just as I thought it would and now should rise again to hit the downtrend TL and fill that POTENTIAL Bat. (see recent post: (B) USDCHF: Is This Uptrend Real? Or Is It Just A Mirage? - subscription required. Click here to subscribe to trial offer: Subscribe Now!)

NZDUSD
NZDUSD             headed back up as I showed it would yesterday to test that broken TL. From there, I am now expecting it to move down to test the MAJOR Uptrend TL below.
Comment: Last week I introduced a new Daily Update feature to my service where I will be summarizing the days market activity and what that means to you. However, after I had sent the first edition, our database suffered a crash which wiped out that post as well as some other recent posts. So this will be the first edition. The first edition will be completely free and available to all members subscribed or not. However, subsequent editions will have both a Free edition and a Premium Edition.

Free editions will include coverage on the Basic pairs that I cover. Premium edition will also include markets that I cover for paid Premium subscribers. EFXSelect reserves the right to rescind this and any freely available resources at anytime without prior notice.
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Looks like AU H&S in play now mate
Reply
Yep. Now switching to that scenario.....
Reply
Last week I introduced a new Daily Update feature to my service where I will be summarizing the days market activity and what that means to you. However, after I had sent the first edition, our database suffered a crash which wiped out that post as well as some other recent posts. So this will be the first edition. The first edition will be completely free and available to all members subscribed or not. However, subsequent editions will have both a Free edition and a Premium Edition.

Free editions will include coverage on the Basic pairs that I cover. Premium edition will also include markets that I cover for paid Premium subscribers. EFXSelect reserves the right to rescind this and any freely available resources at anytime without prior notice.
Reply
Ronnee EverythingForex
Hi, new demo trader here, Ron, from, Nz. Would be interested to join your analysis of your charts to help me get started. Thank you Ron Eriksen.My email is: eriksen_ron@yahoo.com.au
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Hi Ron, just go here to subscribe: http://goo.gl/qRNGsF
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