The EUR/NZD has formed a downtrend and it still capped below the descending trend line. For a further continuation down the pair should close below 1.7424.
The AUD/JPY has formed a bearish zig zag with a descending trend line that is breaking through the POC zone. We could see another bearish move during Asian session.
Hi traders, GBP/USD made a bullish bounce at the support trend line (blue) near 1.2950 as expected. The bullish bounce could indicate the end of the wave 1 (blue) and
The NZD/USD has formed an inverted head and shoulders pattern which suggests an uptrend continuation, but there are few things that bulls need to keep in mind.
Hi traders, The EUR/USD broke above the resistance trend line (dotted red line) but was unable to show much momentum. Is price showing false breakout or is it preparing for
Hi traders, The EUR/USD needs to break the support (blue) or resistance (red) trend line to indicate the direction of the next expected trend.
Hi traders, The GBP/USD could still be in a wave 2 (blue) because price did not break above the previous top and 100% Fib. Price will however need to break
Hi traders, The German index DAX30 seems to have completed 5 bullish waves and 3 bearish waves, which seems to fit within a potential wave 1-2 (purple) pattern. This could
Hi traders, Ethereum (ETH/USD) remains in a downtrend as price is unable to break above the key resistance zone (red). A bearish breakout and continuation are possible and could take
Elliott Wave Theory attempts to identify recurring price movements within financial markets and to classify them into a set of meaningful patterns, which can become a reliable tool for future
Hi traders, Gold (XAU/USD) is building a bullish pullback within a larger downtrend channel. Price is expected to bounce at the trend line or Fibonacci retracement levels if the wave
Hi traders, The Oil chart seems to have completed 5 bearish waves (purple) within a wave 1 (pink), which could indicate a larger bearish reversal unless price breaks above the
Hi traders, Gold (XAU/USD) is building a long-term bearish correction after the strong peak in 2011 but price could be close to completing that wave 2 or wave 4 and
Hi traders, The EUR/USD completed its bullish bounce yesterday at support trend line (and yesterday’s 50% Fib of wave B) and price is now challenging a key resistance trend line
Hi trader! Gold (XAU/USD) remains under bearish pressure as price is approaching and challenging a key support zone (blue).
The so popular “Dragon” GBP/JPY is currently supported by 4h BB trend, CAMMACD trend and ecs.MACD bullish trend. There is also a supportive ascending trend line
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, The GBP/USD made a strong bearish bounce at the 23.6% Fibonacci retracement level and resistance of the downtrend channel (red). The GBP weakened strongly after the resignation of
Hi traders, The GBP/USD has been building a bullish correction within the larger downtrend channel for the past several trading days.
Hi traders, The GBP/USD is showing a higher high and higher low after a bullish break above the resistance trend line (dotted orange).
Hi traders, The EUR/USD is building a triangle chart pattern and is awaiting a new breakout. The wave patterns suggest that a bullish breakout remains the most likely.
The AUD/USD Monthly chart is in a heavy downtrend. However, further drop is expected should the price stay below the left shoulder and a current trend line
Dear Traders, The NZD/USD dropped below a highly significant support level today. This post will provide a brief price-action review for the currency pair and a forecast for the next
Dear Traders, The EUR/USD continues to behave in a skittish manner. Will we now see a more significant recovery or a downtrend continuation? Today’s analysis will provide an updated short-term
Hi traders, The EUR/USD broke above multiple resistance trend lines and could be ready to test the previous top at around 1.18.
Hi traders, The GBP/USD is in a critical phase where price will either show a continuation of the downtrend or larger bullish retracement.
Hi traders, The GBP/USD made another low but closed and reversed after reaching 1.31. The GU showed strong bullish momentum as it broke above the resistance trend line which could
Dear Traders, The NZD/USD continued a downward course after a relief rally during May. It now approaching critical levels that will decide its medium-term direction. Today’s post will provide an
Dear Traders, The USD/CAD produced a strong bullish breakout last week. But the currency pair now finds itself near a completion of a larger pattern. Today’s anayliss will provide a
Bitcoin has crashed from a high near 20,000 down to below 7k. Will Bitcoin recover or is the cryptocurrency doomed to a downtrend?
Dear Traders, The EUR/GBP has broken upwards from its corrective channel. Could this be the start of increasing bullish momentum? Today’s analysis will provide a technical and wave update for
Dear Traders, The USD/CAD is showing a large bullish pattern. Today’s post will focus on wave analysis of the USD/CAD.
Dear Traders, GOLD broke and bounced at critical price levels, leaving all options still on the table. Today’s analysis will provide a short-term update on the most recent price-action.
Hi traders, The EUR/USD failed to break the bottom yesterday. Price action is now building a larger triangle chart pattern and the next move will depend on the breakout direction.
The GBP/USD is hesitating with making a breakout in either direction. Price could continue with the downtrend but a break below the key support zone remains key.
Dear Traders, The GBP/AUD is developing interesting bearish momentum after recently completing a long-term bullish structure. Today’s analysis will provide a wave analysis update.
Dear Traders, GOLD continues to be range-bound. There are still chances for Bears or Bulls to gain the upper hand. Today’s analysis will provide a short-term update on GOLD.
Dear Traders, The AUD/NZD has created an important bullish turn-around. This changes the medium-term outlook potentially. Today’s analysis will review the AUD/NZD price structure.
Dear Traders, The RBNZ statement dampened NZD sentiment by reinforcing a dovish stance. Today’s analysis will provide an update on the overall NZD outlook and analyze the EUR/NZD and NZD/USD
Dear Traders, Has the Dollar downtrend ended yet or not… that is the big question many traders are asking right now. Today’s analysis will review the broader wave structure of
Dear Traders, I reported on the bearish outlook for the AUD/USD a few days ago. The NZDUSD is showing a potentially very different and a lot more bullish structure. This
Dear traders, We are proud to announce new Type 3 entry indicator. This new CAMMACD indicator will solve problems with trading in the trend and counter-trend direction.
Dear Traders, The EUR/USD range seems to be finally revealing more of its secrets. USD will make a strong comeback, but most likely not before having to concede another high
Dear Traders, Elliott Wave counting is as often judged as being too subjective. It’s true that the possibility exists for extreme personal bias to creep into a wave analysis. But
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 GBP/AUD has shown strong bearish pressure since my previous analysis. Today’s post wil provide an update on the most recent price-action and Elliott wave progression.
Dear Traders, The GBP/USD showed renewed selling pressure last week and reinforced a potentially very bearish longer-term outlook for the Cable. What direction can we expect for the coming trading
Dear Traders, The NZD/USD has produced a major bullish bounce yesterday. Could this be the early signs of a large degree Wave 3? This post will provide an update to
Hi Traders, EUR/USD is still expanding its bearish pull back within wave 2 unless price manages to break below the support zone and thus creating a new wave pattern. In
Dear Traders, The NZD/USD is showing a potentially very bullish price structure for the coming months. New long-term highs could be set in the process. This analysis will look at
Dear Traders, we posted a forecast for the AUD/NZD a couple of weeks ago. The scenario is still hanging in the balance. This analysis will provide a brief update on
Dear Traders, The USD/CAD has been one of the most bullish USD pairs over the last few trading weeks while other currencies still exerted dominance over the dollar. Things are
Dear Trader, My last article discussed the general ins and outs of Elliott Wave pattern analysis. In today’s article, I will provide you with 4 hot tips for how to
Dear Trader, people seem to either love or hate Elliot Wave theory. Some argue that it is a complete waste of time because it appears subjective, while others are devout
Dear Traders, the DAX30 has been in an extensive correction since November 2017. But the index looks ready to resume its Bull trend, which provides exciting trading opportunities. This analysis
Dear Trader, the GBP/USD has been in yet another long and complex correction. But price-action is showing signs of a potential end, and the start of a bullish trend continuation.
Dear Traders, the USD/CAD experienced a sharp drop during 2017. But overall, the signs are pointing towards a promising bullish trend ahead for this currency pair. Will 2018 be a
Dear Traders, The USDJPY is at a critical decision point on the eve of the FOMC meeting. Will the Dollar make a bullish break of the long-term range or will
Dear Trader, earlier this week I analysed the GBP/USD with regard to a potential long-term bearish reversal setup that could appear soon. Today I am going to present an alternative
Traders lose money as they fail to realize that the market is a collective movement of their own actions and reactions along with other people’s actions and reactions. For example,
The original article is HERE We have seen this week, that during risk-off as a result of uncertainty from the French elections that Equities has fallen, the JPY has strengthened
The USD/CHF has formed a strict bullish Wolfe Wave (point 4 is between point 1 and 3) and the price might spike up above 1-3 trendline, making a breakout to
Bank holidays are usually days when low volatility is expected. Yen pairs tend to move with equities, especially Nikkei, so we have seen some volatility in the Yen during the
NZDJPY is one of the pairs pair that has a strong correlation to equities. Nikkei and DAX are +92/90 correlated to NZDJPY and that is extremely high correlation, so they
Dear Traders, You have probably heard that many brokers offer a deposit bonus. And you may be wondering what advantages brokers get from giving these bonuses? Well, they do it
Japanese equities are very important for Yen movements and AUDJPY is my favorite along with USDJPY. When foreign investors buy or sell Japanese equities currency-unhedged there is a positive
Dear Traders, One of the key issues that is often discussed in modern working society is the gender pay gap. Meanwhile something rarely discussed but often linked to this subject,
The EURUSD has completed its first swing within he channel and on intraday chart we can see a range with bearish bias. POC comes within 1.0850-60 zone (H4, EMA89, EQ
With our last week Session Recap we could have made more than 250+ pips. There were also some “perfect setups” with almost no DD. This again proves the strength of
As I have already explained in my aritcle and my last analysis, the EURUSD has been bi-directional without any clear trend except some range bound trading and selling on rallies. Last
USDJPY is consolidating in a bullish pennant as investors are eagerly awaiting tomorrow’s ECB decision and NFP report on Friday. The pair is congested within the bullish pennant and logically
‘Big chance of further QE and rate cut from ECB, EURUSD could continue sell-off to 1.04-1.02’ – Nenad Kerkez, Admiral Markets
The interview made by Fxstreet on 30.NOV.2015 read the original article on Fxstreet.com So we’re here: December 2015. ECB and Fed about to have decisive monetary policy meetings. Which
How to stay confident and believe in yourself as a trader Dear Traders, Today I am super inspired to write about the psychology of successful trading. We definitely need to
As you could read in my previous GBPUSD analysis the pair has broken through 1.5190 initially then went down to a target zone – 1.5155. The pair has been contained
As i have shown in my previous EURUSD analysis and the Analysis before it, EURUSD has clearly rejected from POCs and proceeded in trend direction. Overall, the first target zone
The GBPUSD fell sharply after UK deficit rose. Adding to that public borrowing has risen unexpectedly and BOE revised down their growth outlook for the next half of the year.
Whether you love waves, hate waves, or use the theory at occasion, fact is that the Fibonacci tool offers a high level of synergy with the Elliott Wave Theory. The
Most important release for EUR last week was German inflation which came out to be better then expected, while USD was boosted by a better-then-expected GDP (3.7 %) which is
GBPUSD felt heavily after EUROSTOXX50 futures surged couple of days ago and was influenced by a global fear of China slowdown and PBOC Yuan devaluation. Also, BOE is still holding
Last week NZDUSD dropped by a huge percent after PBOC devalued Yuan. Usually soft commodities ( AUD ) perform better then hard commodities ( NZD ), but this time NZD
US FED will release the statement today, without any press conference and we will probably have some range-bound market till FED statement. Expectations towards rate hike are rising and we
EUR/USD 4 hour The EUR/USD has approached the previous bottom (green), which is a major bounce or break spot and a potential indicator of intermediate direction of the market. 1
EUR/USD 4 hour The EUR/USD is approaching an important break or bounce level (decision spot), which is the support trend line (green) connected to bottom at wave X (green). 1
Greece situation, BOC’s interest rate cut and general safe heaven demand reflected on USDCAD pair which is breaking through important resistance levels. Adding to USDCAD rally Canada’s banks also lowered
EUR/USD 4 hour The EUR/USD is testing important trend lines (green and light green), which could become support for a rebound. A bearish breakout would invalidate the current wave X
Welcome back to this Fibonacci series! Fibonacci can be applied in numerous excellent methods via trigger and exits. Much of the work completed with Fibonacci is discretionary. That is OK for
EUR/USD 4 hour The EUR/USD made a deep retracement and remains in an overall corrective environment. The bottom is an important level (green line) as a break or bounce could
AUDUSD has been consolidating below 0.7500 and traders definitely don’t want to fight back with RBA governor’s Stevens comments that the AUD currency is still overbought.0.7470 is showing a good
EUR/USD 4 hour The EUR/USD managed to break above the inner trend line (orange dotted) and could use the same broken line as a support for a bounce to the
EUR/USD 4 hour Wave X (brown) could be considered completed if price breaks above the long-term resistance lines (orange/yellow). Alternatively it could head to lower levels for a wave X
GBPUSD has broken through the rectangle range and it is making a bearish zig zag pattern. We can spot a 3 – touch trend line making a confluence –
EUR/USD 4 hour Whether wave X (brown) has been completed or not remains to be seen and depends on whether price will break above the long-term resistance line (orange/yellow) or
During my live webinar on Forex trading at Admiral Markets, I took a short trade setup based on the EURJPY 15 minute chart at a price level of 135.15 with
Japanese Yen surged after safe heaven flows confirmed a move to USD and YEN. BOJ governor Kuroda also implied that the economy is recovering at the moderate pace, so the
EUR/USD 4 hour The EUR/USD broke below the support trend line (dotted blue) and has extended the wave X (brown) correction to a lower point. Further downside is possible on
EUR/USD 4 hour The EUR/USD has been moving up and down in a relatively tight zone over the last weeks with clear support and resistance levels on both sides. 1
The Fibonacci tool does not only determine support and resistence or help filter out setups that are less desirable, but they also offer a clear and precise method of taking
EUR/USD 4 hour The Greek no vote to the referendum on Sunday created bearish pressure on the EUR/USD but it did not invalidate the ABC (light purple) formation which is
EUR/USD 4 hour The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news. 1 hour The EUR/USD has bounced at the 78.6%
EUR/USD 4 hour The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news. 1 hour The invalidation level of the wave B
Monday retail sales in Japan expanded by 1.7 % vs forecast of 1 % increase. Yen also strengthened due to Greece uncertainty and safe heaven flows. Technically the pair reached
EUR/USD 4 hour The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news. 1 hour Price has stopped at the 50% Fibonacci
Hi Traders, Here is a LIVE example on the GBPNZD which was analyzed, discussed and taken in a live webinar at Admiral Markets. The targets were based on our Forex
EUR/USD 4 hour The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news. 1 hour All wave counts are highly subject to
EUR/USD 4 hour The EUR/USD dropped significantly during this week’s opening after negotiations failed between Greece and its creditors over the weekend. 1 hour The bearish momentum could bring price
Elite CurrenSea has offered multiple posts in the recent weeks on the topic of Fibonacci. Slowly but surely we expect to discuss progressively more difficulty angles of the Fibonacci concept.
EUR/USD 4 hour The EUR/USD price movement is stuck in a very tight range, which is indicated by the various trend lines. 1 hour Yesterday was a slow day with
EUR/USD 4 hour The EUR/USD price action is in a range and is expected to make deeper retracement for wave X (brown) unless price breaks above resistance (red). 1 hour
EUR/USD 4 hour The EUR/USD could have completed only 1 part of the wave X (brown) correction which means that price might face resistance at the Fib levels of wave
Hi fellow trader, In cooperation with Admiral Markets and FXStreet I am proud to present the next series of Exclusive webinars based on proprietary trading methods. This time we will
NZDUSD is perfectly following the trend, meeting all the targets we have previously discussed. Fundamentally Flash PMI rose by 0.2 % from the forecast ( 49.6 from 49.4 forecast) The
EUR/USD 4 hour The EUR/USD failure to continue higher after the breakout could increase the probability of wave W (brown) being completed and the wave X (brown) starting. 1 hour
Fibonacci levels consist of Fibonacci retracements and Fibonacci targets, as recently discussed in 2 previous posts of our a series on Fibs. The beauty of combining both entries and exits in
EUR/USD 4 hour The EUR/USD remains above the inner support trend line (green), which could be used as a base for expanding wave C (magenta) higher. The other scenario is
EUR/USD 4 hour The EUR/USD break above resistance is losing momentum quickly and showing signs of hesitation. It could be an early signal that the wave C (magenta) is completed.
NZDUSD has a positive correlation to EURUSD and its rallying towards near term historical sellers. Given recent RBNZ governor’s comments and technical decline we can still assume that NZDUSD is
EUR/USD 4 hour The EUR/USD bounced at the bottom of the triangle yesterday and even managed to slightly break above resistance (dotted red) due to the bullish impact of the
EUR/USD 4 hour Today’s price action could be centered on the FOMC statement. A bearish break would require a change in the wave count. 1 hour The EUR/USD is very
The next ‘target’ of this blog is Fibonacci targets! Last week we discussed the magic of the Fibonacci retracements (entries). This time around the focus is on profitable exits… Let’s
EUR/USD 4 hour The EUR/USD bounced off of the support trend line (green) yesterday and sees space between the wedge lines that is narrowing. 1 hour The impulsive wave count
Live Forex trade setups taken in June by Tarantula FX GBPUSD currency pair: AUDUSD currency pair: NZDUSD currency pair: @elitecurrensea.com
EUR/USD 4 hour The EUR/USD remains very corrective and stays within the boundaries of a contracting wedge, which has resistance (red) and support (green) trend lines nearby. 1 hour A
EUR/USD 4 hour The EUR/USD remains positioned in a contracting wedge with resistance (red) and support (green) trend lines narrowing in on price. 1 hour A bullish break would confirm
RBNZ announced a surprising rate cut on NZDUSD taking the OCR from 3.50 % to 3.25 %. It was unexpected and NZDUSD was instantly sold. Adding to the cut we
EUR/USD 4 hour The EUR/USD made an attempt to break above the resistance trend line (red) but it quickly reverted back into the contracting triangle. 1 hour A bullish break
Mr.Haruhiko Kuroda boosted the YEN with his comment about Yen weakness. He implied that a lower Yen was a boost to Japan’s economy and that is hard to see Yen’s
EUR/USD 4 hour The EUR/USD is still marked as a 12345 (green) but will be changed into an ABC wave count if price breaks below the support (green). 1 hour
Elite CurrenSea is presenting to you a grand series of Fibonacci articles and Youtube videos. Article one discussed Fibonacci the person, Fibonacci the sequence and Fibonacci the levels, whereas this post focuses on
EUR/USD 4 hour The EUR/USD made a bullish bounce yesterday off of the 61.8% Fibonacci level and is approaching a resistance level (red), which is a bounce and/or break spot.
EURUSD dropped on Friday after good NFP and touched 1.1048 – strong static support. Today is NFP Monday and EURUSD is currently in retracement mode, while still in downtrend and
EUR/USD 4 hour The Non-Farm Payroll (NFP) event caused the US Dollar to strengthen on Friday and price fell towards and stopped at the 61.8% Fibonacci retracement level. 1 hour
EUR/USD 4 hour The EUR/USD price action will be highly impacted by the Non-Farm Payroll (NFP) news event. 1 hour The EUR/USD is making a bearish channel (green lines) after
AUD dovish RBA tone, bad Trade balance and Retail sales results pulled the pair down to test 0.7700 zone. From technical perspective AUDUSD is bearish as long as 7800 holds,
EUR/USD 4 hour The EUR/USD posted another bullish daily candle yesterday after Tuesday’s bug surge. 1 hour The EUR/USD completed the wave 4 (orange) at the usual 38.2% Fibonacci retracement
AUDJPY has formed an ascending scallop pattern and currently its hanging close to resistance H3 – 96.95. A pullback towards 95.99 zone could be used for buying into dips as
Hi traders, This is Chris with the trades mentioned during my live webinar at Admiral Market’s webinar on the 2nd of June 2015. Make sure to check out the live
EUR/USD 4 hour The EUR/USD broke the wedge to the upside as expected in yesterday’s wave analysis, which is most likely part of wave C (magenta). 1 hour The EUR/USD
Elite CurrenSea is presenting to you a grand series of articles (see bottom) and Youtube videos on using Fibonacci for trading in the Forex and CFD markets. This is only the
EUR/USD 4 hour The EUR/USD is in a contracting wedge, which is indicated by the support (green) and resistance (red) trend lines. A break of these lines could indicate a
NZDUSD has formed another descending channel and currently it is rejecting off 0.7123 POC (channel top, H3, DPP, 38.2) towards L3 – 0.7063. H1 is looking like a bearish railway
EUR/USD 4 hour The EUR/USD broke the resistance trend line (dotted red) but price action has not been impulsive. A break below the 61.8% Fibonacci level could see price fall
EUR/USD 4 hour The EUR/USD has been labeled with a completed wave C (purple) and wave B (magenta), although price needs to break above the resistance trend line (red) for
EUR/USD 4 hour The EUR/USD made one more push lower and then bounced at the 100% Fibonacci level of C vs A. Price needs to break above the resistance trend
EUR/USD 4 hour The EUR/USD wave count is indicating a potential for a bearish zigzag (indicated by the purple ABC). The alternative is that wave 4 (green) has been completed
As we could see on yesterday’s webinar, EURUSD has perfectly followed the analysis dropping down and breaking through the big support 1.0950. Today I expect the movement to continue but
Hi Trader, I realize that not every trader is a fan of using Fibonacci levels. But after reading this blog article, I think that you might join us in saying
EUR/USD 4 hour The EUR/USD has broken below the support trend line (blue) and is in a bearish zigzag (indicated by the purple ABC). 1 hour The EUR/USD is moving
EUR/USD 4 hour The EUR/USD has broken below the support trend line (blue) and is in a bearish zigzag (indicated by the purple ABC). 1 hour EUR/USD broke the smaller
EUR/USD 4 hour The EUR/USD bearish momentum was strong but price is currently unable to break below the support trend line (blue). This could mean that the wave B (green)
EUR/USD 4 hour The EUR/USD made a drop to lower levels after the break of support (light blue). Both the 38.2% at 1.11 and the 50% Fib at 1.10 are
NZDUSD is retracing on intraday timeframes but is still in downtrend after breaking FAILED BULLISH PENNANT. In the context of overall trend NZDUSD can be perceived as bearish and the
Hi traders this Nenad Kerkez, Tarantula FX, presenting a special Q&A with Chris Svorcik, Orca FX. Chris joined the EliteCurrensea (ECS) team recently (see update) and I am sure that
EUR/USD 4 hour The EUR/USD is respecting the heavy resistance layer (red) and moving to lower price levels. Price could be making a bullish zigzag which makes the Fibonacci levels
EURUSD has been contained within an equidistant channel and it is still bought on dips. However from intraday perspectice we need to pay close attention to 1.1370-60 zone. The zone
EUR/USD 4 hour The EUR/USD could be building a rising wedge chart pattern when looking at the angle of the resistance and support trend lines. 1 hour The EUR/USD is
EUR/USD 4 hour The EUR/USD pushed one more time higher yesterday but could have completed the wave 5 (orange) when looking at the engulfing candle stick pattern (magenta circle) and
USDJPY has withstood a big pullback after a disappointing US Retail sales results yesterday. However 118.00 still holds and any pullback could be used for buying into dips towards 120.40
EUR/USD 4 hour The EUR/USD closed with a strong 4 hour bullish momentum bar/candle but a confluence of resistance is nearby such as the red and brown horizontal levels, the
As we could read in previous analysis and trade setups, dip at 1.1150 was strongly bought but EURUSD failed to close above 1.1280 subsequently. Currently EURUSD is forming M reversal
EUR/USD 4 hour The EUR/USD is approaching a bullish break or bearish bounce spot at the resistance trend line (purple). 1 hour The EUR/USD upside momentum proved to have bigger
Announcement With great excitement I am announcing the expansion of the Elite Currensea education team! My friend and co-Forex trader Chris Svorcik will join me immediately and together we are
GBPJPY has broken through previous range ( marked in red ) and it is relentlessly going up. Trading is also about being patient, and for a big move we also
EUR/USD 4 hour The EUR/USD is retracing lower as part of a wave B (green) but any of the Fibonacci retracement levels could be bouncing boards for a renewed upside
EUR/USD 4 hour The EUR/USD bullish impulse translated into multiple wave 3’s, which is likely part of a bigger ABC zigzag as part of wave W (magenta). 1 hour EUR/USD
EUR/USD 4 hour The EUR/USD had a lot of momentum which is most likely a wave 3 (orange) and the most recent divergence (purple line) indicates a completion of wave
GBPUSD movement is in the shadow of impending UK elections. Fundamentally speaking if there is a stalemate or hung parliament, GBPUSD should drop by a big amount and if
EUR/USD 4 hour The break above the top and 23.6% Fibonacci retracement level means the completion of the wave X (magenta) and the continuation of the wave Y (magenta). Eventually
GBPUSD broke above 1.5165 and currently it stands in bullish territory. Services PMI data release ( 8:30 GMT ) will provide additional momentum and volatility to the pair. We need
EUR/USD 4 hour Price stopped and retraced at the 23.6% Fibonacci retracement of wave 4 (green) but the EUR/USD is already challenging the top again, which is a bounce or
Here is a recap of a few winning trades taken during April 2015. 1) EURNZD: +580 pips (swing) 2) GBPNZD: +112 pips (intra-day) 3) EURNZD: +64 pips (intra-day) 4) AUDUSD: +185 pips
EUR/USD 4 hour The resistance at the 23.6% Fibonacci level of wave 4 (green) was not broken yesterday and price is retracing lower from that area, which is probably part
EURUSD is making head and shoulders variant 2 pattern and judging from historical price action vs now moment price action 1.1145 seems to be crucial for both bulls and bears.
EUR/USD 4 hour The EUR/USD has reached a key resistance level of 23.6% Fibonacci level of wave 4 (green). Therefore it seems most probable that a retracement will occur for
EUR/USD 4 hour The EUR/USD continued with its uptrend yesterday and pushed towards a resistance point (red line). Although further extensions can never be ruled out, it seems more probable
Last night after RBNZ announced that it would put rates on hold but consider a cut on demand cues and just after the conference NZDUSD was hammered down with a
EUR/USD 4 hour The EUR/USD uptrend could have completed an ABC zigzag (light green) yesterday. The zigzag might complete wave W (magenta) but for the moment the preference is given
USDJPY has been put in a heavy range waiting for FOMC. H1 chart shows no obvious movement , but watching H4 we can spot Higher Lows near the support of
EUR/USD 4 hour The EUR/USD uptrend continued yesterday and still has some potential space before reaching the previous top (red line). However, many news events are being released today such
NZDUSD is currently trapped in equidistant channel and it is trying to touch confluence points which we could us for short opportunities. As we can see 0.7655-65 region (H3, previous
EUR/USD 4 hour The EUR/USD is building on an uptrend and has potential space up towards Fibonacci target and resistance at 1.1040-60. 1 hour The 1 hour chart shows the
Confluence allows traders to trade with more confidence and to spot setups with a higher win rate. Certain concepts can drastically boost a trader’s performance and confluence is certainly one
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
As we can see on the chart NZDUSD has broken through 0.7633 which is a previous swing and double bottom. The break happened with a strong momentum and the pair
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).
EURUSD is making whipsaw action as the pair is being sold on rallies and both on dips simultaneously. After yesterday’s inverted head and shoulders the pair has slumped after the SNB
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
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
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
Yet another trading week has passed and new a brand one awaits us! Tonight there is again a weekly Forex recap presented by myself (go here). Check it out live
AUDUSD was a good performer last week and it came to a three week high. Fundamentally unemployment dropped to 6.1 from 6.2 ( revised ) on February and there hasn’t
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 moving up slowly and correctively
EURUSD is dropping after US CPI release but this looks like a retracement in uptrend. Judging from price action we could expect a possible rejection from POC zone. POC (61.8,L3,historical
EUR/USD 4 hour The EUR/USD continued yesterday with its bullish bounce which could be part of an ABC correction (magenta) of a larger wave Y (blue) and wave 4 (light
NZDUSD has broken through previous high (0.7607) and it is showing a pullback. 0.7575 region shows confluence ( previous 4 time bottom rejection, 50.0 ) and the price might bounce
NZDJPY is showing a form of ascending scallop pattern and it is getting close to the region it might reject ( around 89.70 ). If it rejects we could see
EUR/USD 4 hour The EUR/USD is having a bullish bounce near the daily bottom (green horizontal line). 1 hour The bullish break above resistance (dotted red) is currently lacking momentum
EUR/USD 4 hour Yesterday’s bullish momentum could be an indication that the waves WXY (magenta) have completed the wave X (blue). 1 hour Price broke the resistance of the downtrend
EUR/USD 4 hour Whether the EUR/USD is back in the bigger downtrend or making a bigger correction as part of a wave 4 (green) remains to be seen and partially
EURUSD has been consolidating in a narrow rectangle on H1 chart since Friday drop and break of 1.0660. The price is showing a strong confluence at 1.0635 region (
I myself do NOT enter into hedged trades. That is valid for trades that are both up in profits and down in losses. Basically I prefer to handle 1 trade