USDJPY, the new jump

Hi Traders,

The USD JPY started a new uptrend to 105.43-105.70 and 110.68-111.52

TARGETS

likely: 105.43-105.70 and 107.00
possibly: 110.68-111.52
maybe: 113.63-115.14

ELLIOTT WAVES

In the weekly chart, daily chart and 4-hour chart the YEN completed the last triangle and just started the 5th-of-the-5th-of-the-5th, ie: the new uptrend.

See the 4-hour chart where the last wave down display 5 waves down and a final reversal pattern.

monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

1-hour chart - click to enlarge 

AUDUSD on a support

Hi Traders,

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It's a 10 hour course, 5 sessions, lasting 2 hours each, plenty of material and exercises. For more information about the program CLICK HERE. To contact me CLICK HERE.

ANALYSIS

The AUDUSD (now at 0.9362) topped between the 2 targets that I indicated in the daily chart on April 9. It is now sitting on a major support (see weekly chart). After a minor bounce back to the area 0.9386-89 (see 1-hour chart) it should resume the downtrend to 0.90834 as a start.

TARGETS

likely: 0.9220-0.9198
possibly: 0.90834 and 0.8846-0.8809 (major Fibo cluster)
maybe: 0.8578-0.8509 and 0.8160-0.8067

ELLIOTT WAVES

This very last leg might bottom down at 0.8578-0.8509 to complete the 5 waves configuration a-b-c-d-e (see weekly chart). This area marks the 50% retracement between the low at 0.6003 and the high at 1.1085.

However, there's another major Fibonacci cluster (38% + 50%) at 0.7942-0.7936, (see the thick blue line in the weekly chart) and a bunch of Fibo clusters (green lines) in the monthly chart, the primary of which is sitting right at 0.8000-0.8040. These target could be the possible objective as well.





monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

1-hour chart - click to enlarge 

OIL last jump

Hi Traders,

I'm glad to say that my online 1-2-1 mentorship workshop seems to meet the expectations of the trader's community. It's a 10 hour course, 5 sessions lasting 2 hours each.

Anyone who wants to upgrade to a professional level must hurry Up. For more information about the program CLICK HERE. To contact me CLICK HERE.

ANALYSIS

WTI OIL (now at 104.08) might re-visit the support area at 103.94-55 before heading to 110.86-111 and 114.80 (probably after Independence Day).


TARGETS

first down to the area at 103.94-55
then
likely: 110.86-111.00
possibly: 114.80
maybe: 121.58-122.00

ELLIOTT WAVES

The daily chart shows that the OIL has almost completed waves 1-2-3-4 (in black). It will be ready to start minor wave 5 up which has room and strenght to get up to $110.86-111 and 114.80.


NOTE

This would complete the whole set of waves up - both of a major and minor degree - setting the stage for a new major downturn.

Weekly chart, click to enlarge

 Daily chart, click to enlarge

Wave Oscillator on a daily chart, click to enlarge

4-hour chart, click to enlarge

1-hour chart, click to enlarge

Gold topping soon?

Hi Traders,

In July I do 1-2-1 sessions either online (GoToMeeting) or locally (in Sydney CBD).

Anyone who wants to upgrade to a professional level should act now.

For more information about the sessions CLICK HERE. To contact me CLICK HERE.

GOLD - ANALYSIS

As I said in my last newsletter about Gold (now at 1326.83), after the CBCA agreement in May, the message from the 20 major banks is very clear: European gold sales are over.

I also said that this is supposed to happen only around September 2014 when the fourth GBCA is going to be enforced.

Meanwhile, Gold should move up the area 1336-48 and then reverse down to the area 1164-54 (or lower) in 5 smaller waves to establish a primary low.

Equal probability for the other targets further down at 1089 and around the area at 1043-1032.

After all of this, it should resume the major trend up.


ELLIOTT WAVES

Note that I came up with a better wave configuration in the weekly chart. However, this didn't change targets and perspectives. Gold must complete the last wave down before resuming the major uptrend.

See the 4-hour chart: wave 1 down is completed. Wave 2 up is almost completed. The green horizontal lines in the daily chart represent the immediate targets of wave 2. After reaching the target, wave 3 should unfold downwards. 



TARGETS:
first to 1346-1348
then
likely: 1164-1154 (to form a triple bottom)
possibly: 1089 (to reach the theoretical fibo target)
maybe: 1043-1032 (to sit on the primary support)





Weekly chart - click to enlarge

Daily chart - click to enlarge

4-hour chart - click to enlarge

1-hour chart - click to enlarge

WTI OIL TO 122 ?

Hi Traders,

In June I do 1-2-1 sessions either online (GoToMeeting) or locally (in Sydney CBD). Anyone who wants to upgrade to a professional level should act now. Please click here to contact me.


ANALYSIS
WTI OIL (now at 107.34) is displaying the predicted breakout and it's heading to 110.86-111 and 114.80.


TARGETS

likely: 110.86-111.00
possibly: 114.80
maybe: 121.58-122.00

ELLIOTT WAVES

The daily chart shows that the OIL has completed waves 1-2 and it's unfolding wave 3 right now.

In the weekly chart,  shows that major wave 5 (in blue, not displayed) has room and strenght to get to $147.5 and above.

Weekly chart, click to enlarge

 Daily chart, click to enlarge

Wave Oscillator on a daily chart, click to enlarge

4-hour chart, click to enlarge

1-hour chart, click to enlarge

DOUBLE SEMINAR IN NEWCASTLE

Hi Traders,

I'm running a double seminar in Newcastle for the ATAA on Saturday June 14, 2014. See the details below.

DOUBLE SEMINAR

WHAT: 2 seminars + networking + tea, coffee & biscuits

ORGANISER: Australian Technical Analysts Association (ATAA)

WHERE: Kahibah Bowling Club, 63 Kenibea Av, Kahibah, NSW (Newcastle)

WHEN: Saturday June 14, 2014

WHAT TIME: 9.30am - tea, coffee & biscuits - to start at 10.15am till 3.00pm

NOTE: Access is available from 9.00am.

PRICE:

• $30 (for non members of the ATAA)

• FREE for ATAA members

NOTE:

• lunch is NOT included in the entry price

DISCLAIMER:

• due to contingencies seminars might subject to last minute changes 

AGENDA:

• 9:30am: Coffee & chit-chat

• 10:15am: Welcome and Announcements - Dennis O’Flynn

• 10:20am - 10.45am - BRIEF WORKSHOP

Subject: Designing a $100K Portfolio by Ron Bowden & Peter McMahon

10:45am - 11.00am: BRIEF MARKET UPDATE

Subject: Where R We Now (World Indices) by Dennis O’Flynn

11:00am  - 11.30am: Coffee and Networking

11.30am - 1.00pm: SEMINAR 1, by Mario D. conti

Subject: The Wave Oscillator

1:00pm - 1.45pm: Lunch in Club Restaurant (optional)

1.45pm - 3.00pm: SEMINAR 2, by Mario D. Conti

Subject: Evolution of Automated Trading Systems

3:00pm: Meeting concludes

SEMINAR 1:

The Wave Oscillator

Can you really trust your favourite oscillator? Can you use it without any knowledge of Technical Analysis? 

Does it display stops and a trailing stops for each trade?Most of the existing oscillators are far too erratic and liable to a personal interpretation. 

However, this doesn't seem to apply to the Wave Oscillator created by Mario D. Conti in 2008. 

This seminar is about a new indicator capable of:

• displaying your Entry/Exit points

• displaying a stop and a trailing stop for each en-try

• keeping you out" when the trading conditions are not ideal

• easy to use without too much knowledge of technical analysis.

SEMINAR 2:

Evolution of Automated trading Systems

A new Investment Revolution is in the making and it's comparable to the one that occurred with mobile phones in the past 20 years. 

We are now living through the age of Automated Trading Systems, where the investment risk can be reasonably contained and the Annual Return on Investment (ROI) is higher than ever. 

• But what do we know about the history of Algorithmic Trading?

• What is happening right now in USA due to the High Frequency Trading Systems?

• What is good and bad with Flash Trading?

• And what do we know about the new Multi-System Portfolios?

Mario D. Conti

Mario D. Conti, Ba in Econ. & Biz., RG 146, ADA1, is a certified (non CFTe) Technical Analyst since 1989. 

With a past in Merrill Lynch and Indosuez Bank in Switzerland, he specialises in Wealth Management through Automated Trading Systems, Market Analysis and Trading Education and runs periodical seminars and webinars. 

Mario is the founder of 9 Trading Clubs in Australia with over 1000 members (see www.SydneyTraders.com.au) and recently started MDC Trading Systems (www.MDCTradingSystems.com). 

He is also an ATAA board Director from Sydney, has a strong presence on social media and contributes with regular press releases to the Australian Media. 

Finally, he is the editor of a periodical Elliott Waves newsletter published on FX Tutors

Further information about ATAA Newcastle: Stephen Blacktop - 0410 413 972

Next meeting: Saturday, 12th July

Next Speaker: To be advised.