Wave Analysis

GBP/USD and USD/JPY Breaking Major Top and Bottom
April 27, 2015 - 07:23
EUR/USD 4 hour If the EUR/USD completed the wave W (magenta) then a retracement for wave X (magenta) before a new rise for Wave Y (magenta) seems like the most probable path at the moment. 1 hour Yesterday's price action is most likely a bullish momentum and therefore labeled as a wave A (orange). GBP/USD 4 hour The GBP/USD is challenging the previous major top (red line). A breakout could translate into a dash to the 100% Fibonacci target whereas a bounce could see price retrace back to the support trend line (blue). 1 hour For...
US Dollar Bounces and has Fibonacci Targets in Vision
April 24, 2015 - 08:13
EUR/USD 4 hour The EUR/USD did bounce at the support of wave X (green) yesterday and coudl be heading towards the Fibonacci targets of the wave Y's (purple and green). 1 hour Yesterday's price action is most likely a bullish momentum and therefore labeled as a wave A (orange). GBP/USD 4 hour The GBP/USD is building on a strong bullish rally although caution is required when price approaches the bigger top (red horizontal line). 1 hour The GBPUSD remains solidly entrenched in the uptrend channel (green). USD/JPY 4 hour The USD/...
EUR/USD and GBP/USD Approaching Critical Break or Bounce Spots
April 23, 2015 - 08:06
EUR/USD 4 hour The EUR/USD bullish move up fell short of the main Fibonacci targets (61.8% as the first one), which could either be a retracement for a wave X (orange) or a change in wave count (if price breaks below wave X (green). 1 hour Price is now at the bottom of the uptrend channel, which is a potential break or bounce spot. GBP/USD 4 hour The GBP/USD made a strong bullish bounce yesterday at the 38.2% Fibonacci retracement level and it is approaching the 61.8% target and previous top (red line). 1 hour The bullish price action...
US Dollar Bull Run Correction Running out of Steam
April 22, 2015 - 07:42
EUR/USD 4 hour The EUR/USD could be expanding the wave Y (blue) correction with a wave WXY (magenta). 1 hour The wave X (green) seems to be completed at the 61.8% Fibonacci retracement and price might be able to breakout towards the wave Y (green) Fibonacci targets. GBP/USD 4 hour The GBP/USD seems to have completed the wave X (green) and price could be heading towards the wave Y (green) Fibonacci targets. 1 hour The channel helps support the bullish price action. USD/JPY 4 hour The USD/JPY bullish run could run out of steam at the...
Channel Support Could Spark Momentum on Major Pairs
April 21, 2015 - 07:20
EUR/USD 4 hour The EUR/USD is most likely expanding its correction of wave Y (blue) with a wave WXY (magenta). 1 hour Price is at the bottom of the trend channel (blue), which could be part of the wave X (orange correction). GBP/USD 4 hour The GBP/USD seems set to correct lower for a wave X (green) which could be followed by a wave Y (green) rally. 1 hour The GBP/USD is now at the bottom of the uptrend channel (green lines) and 38.2% Fibonacci levels, which could be a bouncing spot. A bearish break of the channel however could have...
Intro to Forex

Get this eBook if you would like to learn more about Foreign Exchange basics and find out how Forex markets work.

 
 

Learn more about Forex Trade and Trading in Australia with us!

X
Loading