Hi traders, the EUR/JPY bullish bounce could indicate a potential wave 1-2 (pink) pattern. Price needs to break the resistance trend line (red) to confirm a bullish breakout within wave
Hi traders, The EUR/JPY has formed the two important patterns. We should see a bounce from the zone where the arrows is pointing up.
Hi traders, the EUR/JPY is bouncing at the resistance trend line (red), which be part of a wave 1-2 (pink) pattern. The real test will take place once price approaches
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 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 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 EUR/JPY is trapped within a constriction patterns (rectangle and triangle) and breakout could be expected. Pay attention to levels below.
Hi traders, The EUR/JPY is building a triangle chart pattern within a potential bearish wave 4 (green). The pattern seems to be part a bearish wave unless price breaks above
Hi traders, The EUR/JPY broke above the resistance trend line (dotted orange) and is building a potential bullish swing. The bullish breakout could be part of a wave C (green).
Hi traders, The EUR/JPY has formed a confluence below resistance which is marked by Camarilla Pivots and Murrey Math octaves.
Hi traders, The EUR/JPY has a bearish SHS pattern (head and shoulders) that it’s going all the way down driven by Asian Yen safe haven flows.
Hi traders, The EUR/JPY has formed an obvious ascending trend line at support and the price is looking bullish. W L5 & M L4 are supporting the rising trend line.
Hi traders, The EUR/JPY formed an ascending trend line along with the inverted SHS pattern. A close above the M H3 camarilla pivot suggests a further bullish pressure.
Hi traders, The EUR/JPY is building a bear flag chart pattern which could indicate a continuation lower if price manages to break below the pattern. Make sure to check out our
Hi trader, The EUR/JPY is either completing a wave 3 (purple) or C (blue). The resistance trend lines are the key decision zone because a bounce or breakout will determine
Hi traders, The GBP/JPY made a bearish breakout below the support trend line (dotted green) which seems to be confirming a bearish wave C (orange).
Hi traders, The EUR/JPY is testing a key support zone which is the long-term moving average, 50% Fibonacci level, and support trend line (blue). The area is a critical bounce
Hi traders, The EUR/JPY is showing strong bullish momentum after bouncing at the 50-61.8% Fibonacci support zone and breaking above a key resistance trend line.
Hi traders, EUR/JPY developed a bearish momentum during the last week… It seems that this price action was developing wave 4 correction pattern and I think that bullish wave 5
Hi traders, EUR/JPY developed a bullish momentum during last two days … It seems that this price action was developing a new 12345 bearish wave pattern within big wave 5:
The EUR/JPY has formed a T2 pattern and it could be going lower. However, in order to proceed 130.30 should be broken first
Hi traders, EUR/JPY developed a bearish momentum during May… It seems that this price action was developing a new bearish wave pattern. And now price is developing the correction of
Dear Traders, The JPY is on the back-foot across the board. Investors are shrugging of f trade war news and ‘risk-on’ sentiment is building. This post will provide an analysis
Dear Traders, The EUR/JPY nose-dived during February, but wave analysis suggests that bulls could return in full force immediately. This analysis will take a closer at what may be in
Dear Trader, the EUR/JPY has had a very bullish year, gaining over 1000 pips so far. But how far can this trend go? Is it time for a reversal or
The USD/CAD is possibly forming the right shoulder on H1 timeframe. The price is currently supported at D H3 camarilla pivot so it will be either make it or break
Dear Traders, a new trading week is ahead of us and the Forex market could be offering interesting potential setups at the beginning of the week. Mondays are typically slow
Dear traders, The North Korean tensions with US are getting at its peak. We, traders should try to exploit these market movements to our advantages using our knowledge of the
Dear Traders, New interesting wave patterns have emerged since our last analysis. For instance, the USD/JPY bearish impulsive price action was unable to break below the daily bottom at 109
1Hr Chart Wave Count: Let us start with the EUR/JPY on the 1Hr chart. The EUR/JPY is in a wave 5 green. We are expecting the wave 5 to be