Hi traders, The GBP/USD has been ranging but recent rejections suggest we might see a bearish continuation on a 4h / D1 close below Weekly PP.
Hi traders, The USD/JPY has followed a drop in Equities and a prolonged government shutdown caused a major loss of demand for the USD.
Hi traders, The USD/JPY made another bearish breakout below the support (dotted blue) of the triangle chart pattern. The strong bearish momentum is likely to be part of a wave
Hi traders, The USD/CHF has formed a bearish head and shoulders pattern (SHS) with clear POC zones. Any of the zones could reject the price.
Hi traders, The USD/JPY made a strong bearish breakout below the support trend line (dotted blue), which is confirming the expected wave 3 (purple) of wave C (pink) patterns.
Hi traders, The EUR/USD is showing strong bullish momentum and a breakout above two resistance trend lines (dotted). This Is most likely a wave A (blue) of a larger bullish
Hi traders, The GBP/JPY is making a nice bearish zigzag that indicates the equilibrium with the current trend. New rejections are possible.
Hi traders, Oil has broken below the choppy wave 4 (pink) correction as mentioned in last week’s wave analysis. The bearish breakout is now aiming for the Fibonacci targets.
Hi Traders, the EUR/USD made a bearish bounce after the US rate hike but price is expected to make a bullish continuation either after a deeper pullback or after a bull
Hi traders, The GBP/USD remains corrective and choppy. Price will probably build a bullish swing as long as price manages to remain above the 138.2% Fibonacci level of wave X
Hi traders, The EUR/USD has formed a V Shaped Reversal at the bottom but the price is still range bound. A strong H4/ D1 close above 1.1400 is needed for
Hi traders, The USD/JPY strong bearish momentum is now testing the support trend line (blue), which is a critical decision zone for a key bounce or breakout.
Hi traders, The EUR/USD has made a strong bullish bounce at the support zone (blue box) and has also broken above the resistance trend line (dotted red). The bullish momentum
Hi traders, The GBP/USD exactly behaved as I analysed it yesterday, but at this point the cable make higher lows and higher highs suggesting a possible bounce.
Hi traders, The German stock index DAX 30 has made a bearish bounce at the 61.8% Fibonacci retracement level of wave 4 (green) and has now broken below two support
Hi Traders, the EUR/USD remains in a choppy correction but could finally be ready for a larger bullish breakout if price bounces at 1.13-1.1325 support zone. The GBP/USD is in
Hi traders, The GBP/USD is unable to unable to make a breakout as both the support (blue) and resistance (red) trend line remain intact. Price will need to make a
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Hi traders, The GBP/USD has a potential POC zone straight at the Upper Bands just above the W H3 pivot point.
Hi traders, The USD/JPY is either building a large bull flag pattern for a bullish breakout or respecting the deep Fibonacci levels for a bearish reversal. The direction and next
Hi traders, The USD/JPY made a bearish bounce at the deep 78.6% Fibonacci retracement level, which could confirm the expected wave B (pink) pattern. A bearish break below the support
Hi traders, The EUR/USD made a new lower low but price did manage break below the 78.6% Fibonacci retracement level. Price could still be in a bullish reversal zone as
Hi Traders, the EUR/USD is expanding the corrective zone as long as price stays above the key support zone at 1.1225. A bullish reversal could take place around 1.1250 whereas
Hi Traders, Bitcoin (BTC/USD) remains in a strong downtrend and is falling towards the -27.2% Fibonacci target of the bearish ABC zigzag pattern. A strong support zone seems to be
Hi traders, Oil has indeed built a choppy, corrective and lengthy corrective zone with the potential wave 4 (pink) as expected in last week’s wave analysis. The wave 4 (pink)
Hi traders, The GBP/USD is challenging the resistance trend lines but so far has failed to make a break. A bearish bounce however could confirm the wave 4 (green) pattern
Hi traders, The EUR/USD has formed a bullish SHS pattern (Shoulder-Head-Shoulder) or inverted Head and Shoulders as traders also call it.
Hi Traders, the EUR/USD finished a bearish ABC zigzag pattern and seems to be on the rise again. The EUR/USD is expected to finish a wave A at 1.1450-1.15 and
Hi traders, The USD/JPY is testing the Fibonacci retracement levels of potential wave B (pink), which is a key decision zone for a bounce or break.
Hi traders, The EUR/USD made a bullish bounce after testing the previous bottom, which could complete wave Y (blue) of a large corrective wave X (purple). A bullish break above
Hi traders, The EUR/JPY has formed a POC zone close to D H1 camarilla pivot and H4 Bollinger Band middle line. The ATR pivot is also adding to the confluence.
Hi traders, The GBP/USD finally made a breakout but the news around the Brexit process currently is and remains the main driver of price action. Price managed to push through
Hi traders, Gold (XAU/USD) stopped at the golden ratio 61.8% Fibonacci level, which is an unusually deep Fib level for a wave 4 (blue). The breakout direction will decide about
Hi traders, The GBP/JPY has made a nice bearish move in the wake of Brexit negotiations where each news makes a volatile move in the whole GBP basket.
Hi traders, The USD/JPY made a strong bullish bounce at the previous support, which has created a double bottom reversal chart pattern. The reversal is indicating that an extended ABC
Hi traders, The EUR/USD is testing the support line (blue) of the uptrend channel after a bearish retracement. The bullish breakout failed to push above 1.1450 but a reversal at
Hi Traders, the EUR/USD is testing the support channel which could be a bullish retracement for more upside after the previous breakout. The GBP/USD break below the support of the
Hi traders, The USD/CAD has reached the POC zone that stands around 4/8 MM and we might see a bounce soon. Pinbar points to now moment buyers.
Hi traders, The GBP/USD price action remains choppy and corrective but a bullish retracement remains the most likely wave pattern. A break above the resistance trend line would confirm the
Hi traders, The EUR/JPY corrective pattern remains intact and the sideways zone has become very lengthy. A push below the support line (green) is needed to confirm the breakout but
Hi traders, The GBP/USD is again testing the previous bottom and support trend line (green), which is a decision zone for a bullish bounce or bearish breakout.
Hi Traders, the EUR/USD bullish weekly candle and 2nd attempt to break above the 21 ema zone on the 4 hour chart is indicating a bullish reversal towards 1.1750. The
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Hi traders, The NZD/USD has been in a strong uptrend but it needs to have a 4h candle close above 0.6900 for a stronger bullish impulse.
Hi traders, The USD/JPY has broken below the support trend line (dotted blue) for the second time which seems to have ended the triangle chart pattern and indicate the start
Hi traders, The EUR/USD is trying to break above the resistance line (dotted orange) of the downtrend channel but price action is making an extended correction and need to break
Hi traders, The AUD/USD has been rejected heavily during global risk off. Selling the rallies could be a good trading possibility again.
Hi traders, Oil has completed its bearish momentum (wave 3) and is now taking a break (wave 4). The consolidation zone of wave 4 is usually choppy, shallow, and lengthy.
Hi traders, GBP/USD made a bullish bounce at the critical support trend line (blue) and is now retesting the resistance zone (red). Price action remains very choppy and corrective and
The EUR/USD is unable to break above the daily 21 ema zone but also fails to invalidate the inverted head and shoulders pattern at 1.13. The choppy sideways zone also
Hi traders, The EUR/JPY has made a bearish break in the wake of the Yen strength during the risk off mode. Next rejection could come soon.
Hi traders, The USD/JPY seems to have completed a bearish zigzag pattern which could be the wave D (purple) of a contracting triangle chart pattern. This leaves one final wave
Hi traders, The EUR/USD tried to break above the resistance line (orange) of the downtrend channel but price ultimately made a false breakout. Price has now broken below the support
Dear Traders, this is a regular bi-weekly update of the ecsLIVE performance. The new ecs.CAMMACD account is already up +18% whereas ecs.SWAT is up +28% since mid September. The article shows
Hi traders, The EUR/USD has made a session new high during Asia, so we might see a continuation of a bullish move if the price closes above 1.1395.
Hi traders, The German stock index DAX 30 has broken above the resistance trend lines (dotted) but price action is still facing key Fibonacci resistance levels of wave B (blue).
Hi traders, GBP/USD remains corrective and choppy, which could be explained by an ABCDE (purple) triangle chart pattern. This triangle pattern remains valid as long as price stays above the
The EUR/USD is breaking above the 21 ema zone of the 4 hour chart for the 2nd time, which is increasing the chances of a bullish breakout and reversal towards
Hi traders, The GBP/USD has been empowered by the rise in the risk appetite that was encouraged by China/US trade agreement. Two POC zones seem to be seller friendly.
Hi traders, The EUR/USD is building a lengthy consolidation zone. The corrective waves do not seem finished as price is expecting a bullish wave Y (pink/purple) to complete a larger
Hi traders, The USD/JPY made a bearish bounce at the 78.6% Fibonacci retracement level and failed to break above the resistance trend line (orange). The lack of a higher high
Hi traders, The EUR/USD made a bullish bounce at the 78.6% Fibonacci level of wave B versus A and price is now retesting the resistance trend line (orange) of the
The EUR/USD is retesting the support zone at 1.12-1.13 again and a bullish reversal is expected. A break above the 21 ema zone on the 4 hour and daily chart
Dear Traders, As you probably have noticed, traders can analyse the charts in a much deeper way when using candlesticks and candle patterns. The main benefit is that the information
Dear Traders, Did you ever wonder if there is an indicator that analyses Elliott Waves? Does a “wave trend indicator” actually exist or is it just a myth? And the