Dear traders, The USD/JPY, popular “Ninja” is on its way towards 112.00 zone and below. The pair has started a bearish movement and I expect a further bearish continuation.
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, The EUR/USD broke above the key resistance zone (dotted red) and is showing the start of bullish momentum. There could space available for a bullish continuation towards the
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 made another bullish breakout above the resistance box (dotted orange) and could be ready for a bullish continuation.
Hi traders, The GBP/USD broke above the key resistance trend line (dotted orange), which is indicating the potential for a larger bullish breakout from the 23.6% Fib to the 38.2%
Hi traders, The GBP/USD tested the previous top but ultimately made a bearish bounce. It will however need to break below support (blue) before price is able to continue with
Hi traders, The GBP/AUD bounced at the Fibonacci retracement support levels of wave 4 vs 3 and is now approaching a key breakout spot.
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
Dear Traders, the S&P 500 has climbed to new highs and probably extended its final multi-week swing to the upside. Today’s post will provide an updated short-term and medium wave
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
Hi traders, The USD/JPY broke below the support trend line (dotted blue) and is making a bearish breakout. This could indicate the end of wave X (pink) and the start
Hi traders, The USD/JPY broke above the resistance trend lines (dotted orange) and made a bullish breakout which is now approaching a critical 61.8% Fibonacci level. This Fib is again
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 EUR/USD continued yesterday with the strong bullish momentum. There is some small space left until price hits a larger resistance trend line (red), which is a key
Hi traders, The GBP/USD reached and stopped at the 38.2% Fibonacci retracement level of potential wave 4 (purple). A bearish bounce could confirm the wave 4 pattern whereas a break
Hi traders, The EUR/USD is probably building a bullish pullback within the downtrend. The Fibonacci retracement levels of wave 4 vs 3 are critical levels of resistance.
Hi traders, The GBP/USD is building a bear flag chart pattern, which is often indicating a trend continuation. Price needs to break the support of the bear flag before a
Hi traders, The GBP/USD made a new low after completing a shallow pullback within wave 4 (blue) and breaking below the support trend line (dotted blue). The bearish break could
Hi traders, The EUR/USD is making a short pause after breaking below the support of the large consolidation zone (dotted blue). Will the EUR/USD be ready to continue the downtrend?
Hi traders, The EUR/USD broke below the support of the large consolidation zone (dotted blue). The bearish breakout finally indicates the end of the range and the continuation of the
Hi traders, The EUR/USD is extending the bearish price action with a new low. The EUR/USD is now re-challenging a key support trend line. The wave patterns are complex and
Hi traders, The GBP/USD is approaching the 100% Fibonacci target which is a key bounce or break spot. A bearish breakout could indicate an impulsive wave 3 whereas a bounce
Hi trader, Gold (XAU/USD) is continuing with its downtrend after it showed another new low around $1200. The strong bearish momentum is suggesting a continuation.
Hi traders, The GBP/USD bearish impulsive price action is testing vital Fibonacci target levels of wave 5 vs 3.
Hi traders, The GBP/USD again broke below the support trend line (dotted green) which makes a bearish wave 5 pattern more likely.
Hi traders, The GBP/USD is testing a key support level which is a decision zone for a bullish bounce or bearish breakout. The current wave patterns favour a reversal to
Hi traders, The S&P 500 is staying above the broken resistance trend line and short-term moving averages, which is indicating that an uptrend is likely to continue higher and challenge
Hi traders, The EUR/USD fell down towards the bottom of the sideways range (blue line) and 100% Fibonacci level of wave X (purple), which is a new decision zone for
Hi traders, The EUR/USD is now approaching again a critical resistance trend line (red) of the triangle chart pattern, which still remains intact and offers a key decision zone for
Hi traders, Gold (XAU/USD) remains under bearish pressure after breaking below the support trend line (dotted blue) and the closest bottom (dotted green). A continuation of the downtrend is likely
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 traders, The Dow Jones Index (DJI) is showing a triangle chart pattern which is indicated by the support (blue) and resistance (red) trend lines. Price is building this triangle
Hi traders, The GBP/USD remains in a downtrend despite yesterday’s bullish momentum. The impulsive price action however could indicate a larger reversal if price manages to stay above a key
Hi traders, The EUR/USD bounced at the bottom of the triangle pattern and made a strong and impulsive bullish reversal back to the top and resistance zone of the same
Hi traders, The S&P500 is showing a bullish breakout. Price is breaking away from the 21 ema zone which often indicates strong momentum.
HI traders, The USD/JPY bullish momentum is moving higher and is approaching the -27.2% Fibonacci target at 113.23. One more bullish push towards the Fib target is expected.
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 German index DAX30 made a bullish bounce at the support trend line (blue) and bottom of triangle chart pattern. This analysis discusses 2 main scenarios.
Hi trders, The Dow Jones Index (DJI) is building a triangle chart pattern after bouncing at the 38.2% Fibonacci retracement level. More upside is likely once price breaks above the
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, Gold (XAU/USD) continued with the bearish momentum but is now finding buyers at the support zone.
Hi traders, The GBP/USD is showing a higher high and higher low after a bullish break above the resistance trend line (dotted orange).
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
Hi traders, The EUR/USD is approaching multiple key resistance zones, which are decisive bounce or break spots. A bearish bounce could send price back to support whereas a bullish breakout
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 DAX30 stock index is struggling to continue with the uptrend and a larger reversal is becoming more likely. June could be the 5th month in a row
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
Hi traders, The USD/JPY broke below the support trend line after failing to break the previous top. The strong momentum could indicate a larger bearish correction.
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?
Hi traders, The GBP/USD is breaking another support trend line which could spark a downtrend continuation but traders need to be aware of the big USD rate decision later today.
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
Hi traders, AUD/JPY developed a bearish momentum during the last week … It seems that this price action was developing 5 bearish wave pattern I think that the pair is
Dear Traders, No doubt the EUR/USD has been a highlight during yesterday’s trading session as it breached a critical support zone. Today’s analysis will provide an updated review on what
Hi traders, NZD/USD developed a bearish momentum during the last 5 weeks… It seems that this price action was developing a bearish wave 3 pattern and I think that the
Hi traders, EUR/AUD developed a bearish price action during the last two months… It seems to me that pair has completed 3 waves down and the currency pair is now about
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.
Dear Traders, The GBP/USD is most likely about to approach its first bigger pause within its new downtrend. Today’s analysis will take a look at the most recent price-action and
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:
Hi traders, AUD/JPY developed a bullish momentum last week… It seems that this price action was developing a new bullish wave 12345 pattern: it started wave 1 and was followed
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.
Hi traders, the GBP/USD downtrend showed a strong bearish continuation yesterday when it broke below the 1.3550 and 1.35 support levels and support trend line (dotted green).
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.
Hi traders, USD/CAD developed a bullish momentum during April… It seems that this price action was developing a new bullish wave pattern: it started wave one and was followed by
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
Hi traders, GBP/JPY developed a bearish price action during the last few weeks… It seems to me that pair has completed 3 waves down and the currency pair is now about
Hi traders, GBP/AUD developed a bearish momentum during last week and this week… It seems that this price action was developing 2 waves down and now price is bearish wave
Hi traders, EUR/GBP developed a bullish momentum during last week… It seems that this price action is part of a potential wave 3 and we remain on expect bullish Momentum
Hi traders, EUR/CAD developed a bearish momentum during last week… It seems that this price action was developing 2 waves down as part of potential wave 5 and price is now
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
Hi traders, the USD/JPY bullish momentum seems to be on its way towards the next resistance level at 110.
Dear Traders, The AUD/USD lost a lot of ground over recent weeks. The short to medium-term outlook does not look good for the AUD. Today’s analysis will take a look
Hi traders, EUR/CAD developed a bearish momentum during the last few weeks… It seems now that this bearish momentum is almost over and the pair starts now a new bluish
Dear Traders, CAD pairs had shown some weakness during the last week and it seems to me that CAD pairs are close to starting a new bearish move for the
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/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
Hi traders, AUD/JPY pair moved last week as expected, where we mentioned that a bullish correction is around the corner. The currency pair seems to have indeed started an ABC
Dear Traders, The EUR/CHF is setting itself up for a major long-term bullish trend phase. Powerful bullish momentum could soon commence. This analysis will take a look at recent price
Hi Traders, The Fed Interest rate decision took place on Wednesday and the expected rate hike 1.5% to 1.75 % did indeed take place. The Fed also confirmed to raise
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 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 Traders, The Cable has been on a very mysterious path since Jan 25 high. Are we yet to see another high or has a reversal set in already… and,
Dear Traders, The USD/CAD surged higher over the recent trading days, as suspected in previous analyses. Momentum is strong and there is room for more upside. This analysis will provide
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. there is much talk about a big market crash that’s just around the corner, which could see stocks and indices fall like stones. The DAX30 is among those
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
Like many other indices, the DAX30 has been in a strong bullish trend since 2009, which was the dawn of Quantitative Easing. All trends end at some stage, but there
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
Dear Trader, the GBP/JPY was in a very strong uptrend last week but has been correcting for several days. It is approaching critical levels now where it could be resuming
Dear Trader, The AUD/NZD has created interesting price action that shows options for new intra-month long positions.
Dear Trader, The EUR/AUD is an interesting pair to watch in the coming days and weeks. Wave Analysis and Overview The weekly chart shows that EUR/AUD has started a new
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.
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