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
Hi traders, The GBP/USD broke above the resistance trend line (dotted orange) for a strong and impulsive breakout. The GU is now at the top of the trend channel which
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 USD/JPY bullish breakout could be aiming for the 78.6% Fibonacci retracement level of wave X (pink) near 112.50. The 78.6% Fib is a key decision zone for
Hi traders, The USD/JPY broke above the key resistance trend line (dotted orange), which is indicating a bullish breakout towards the78.6% Fibonacci retracement level.
Hi traders, The USD/JPY is testing a key resistance trend line, which is a decision zone for a bearish bounce or bullish break.
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 USD/JPY made a strong bullish bounce but a new bearish breakout could see price fall towards the Fibonacci targets to complete the wave E (purple) of the
Hi traders, ETH/USD broke below the support trend line (dotted green) of the sideways bear flag chart pattern, which seems to be a typical shallow wave 4. The bearish breakout
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 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
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, Oil is approaching key Fibonacci retracement levels which could act as resistance. A bearish turn seems imminent unless price manages to break above the previous top.
Hi traders, The GBP/USD made a bearish bounce at the 50% Fibonacci retracement level and price is now testing key support trend lines (blue/green), which is a vital decision zone
Dear Traders, the NZD/USD continues to slide against the greenback and things are not looking rosy for the kiwi dollar both technically and fundamentally. Today’s post will provide a short-term
Hi traders, Gold (XAU/USD) seems to be building a bullish ABC (orange) pattern within a wave 4 (green) correction. Price already bounced at the 50% Fibonacci retracement level but price
Hi traders, The GBP/USD is testing a key confluence zone of resistance (red / orange). This could either complete an ABC (green) within wave 4 (purple) or start a larger
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 GBP/USD bullish momentum is showing very strong price action when it broke above the resistance trend line (dotted orange). Price is now approaching a key invalidation level
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
Hi traders, The USD/JPY is moving sideways in a chart pattern which could be a bull flag or triangle chart pattern (purple lines). Price needs a clear breakout to determine
Hi traders, The USD/JPY is building a bull flag chart pattern (purple lines) at the resistance trend line (orange). A bullish breakout above the bull flag could indicate a continuation
Hi traders, The GBP/USD has arrived at a key decision zone. The price reaction versus the support (blue) and resistance (red) trend lines will determine the direction of the breakout
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, The USD/JPY broke above the resistance trend line (dotted red) and seems to be expanding the wave X (pink) within a larger WXY correction. Price is now challenging
Hi traders, The GBP/USD showed strong bullish impulsive price action yesterday but ultimately bounced at the 38.2% Fibonacci retracement level of potential wave 4 (purple).
Hi traders, The German index DAX30 bounced at the previous bottom which keeps the potential triangle chart pattern intact. A bullish breakout is needed before a larger uptrend can be
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 GBP/JPY broke above the triangle pattern and is showing very strong bullish momentum. Price is likely to continue higher due to the impulsive bullish price action but
Hi traders, Ethereum (ETH/USD) is in a steep downtrend channel, although price is again approaching a strong support zone. A new lower low is expected before a potential reversal might
Hi traders, The EUR/USD failed to break below the support trend lines (green and blue) and is now showing a strong bullish breakout. The bullish impulsive price action is indicating
Hi traders, The GBP/USD did not manage to break below the support trend line (blue) and is moving up higher after breaking above the resistance trend line (dotted orange).
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 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 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 German index DAX30 is moving higher but the triangle pattern remains key and a bearish bounce is still expected at the resistance trend line (red) to confirm
Hi traders, The USD/JPY has either completed a bearish wave A (orange) or price is still in a wave 4 with one more push lower (wave 5) remaining. In any
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 S&P500 is showing a bullish breakout. Price is breaking away from the 21 ema zone which often indicates strong momentum.
Hi traders, The AUD/USD is approaching a key support trend line (blue) which is a new bounce or break spot.
Hi traders, The USD/JPY remains in an uptrend but price action is building a corrective triangle chart pattern. A bullish breakout could indicate a continuation higher towards the -27.2% Fibonacci
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/USD is testing a key support trend line, which is a bounce or break decision zone.
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, The EUR/USD uptrend made a small bearish correction after reaching the round level of 1.18 and breaking below the support line (dotted blue line). One more bullish push
Hi traders, Ripples (XRP/USD) showed a bullish correction towards the 38.2% Fibonacci retracement level after completing a reversal chart pattern last week as expected. This could indicate the end of
Hi traders, Gold (XAU/USD) continued with the bearish momentum but is now finding buyers at the support zone.
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 long-term chart is showing a clear bullish 5 wave structure ever since the great recession in 2008. Price seems to be nearing the end of the wave
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 AUD/USD monthly chart showed a strong bearish candle during last month of June, which fully closed below the support trend line and confirmed the breakout of the
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
Hi traders, The GBP/USD showed stronger bearish momentum than the EUR/USD because price managed to break the previous bottom at 1.31 but price however did not manage to break the
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
Hi traders, The EUR/USD is showing bullish momentum but the overall trend remains down. Price is now approaching a key resistance spot at 1.1750-1.1840, which is critical decision zone.
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 EUR/USD failed to break below the round level of 1.15 after price broke below the chart pattern. The bullish reversal could indicate a larger correction or perhaps
Hi traders, The GBP/USD downtrend is taking a pause at the previous bottom and support around 1.32, which is a key bounce or break zone.
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
Hi traders, The EUR/USD bearish breakout is developing a bullish retracement, which could be a pullback within the larger downtrend.
Dear traders, the EUR/USD, GBP/USD made false bullish breakouts above the bull flag chart pattern and then reversed quickly back down. What are the main retracement levels and targets now
Dear traders, the EUR/USD, GBP/USD are showing bull flag chart patterns and a break of last week’s high is likely despite the rate hike on the USD.
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 EUR/USD is unable to break the support zone and is moving sideways, which is increasing the chance of a larger bullish move. A break above the resistance
Hi traders, The EUR/USD downtrend channel after bouncing at the 38.2% Fibonacci retracement level of wave 4 (purple) is mild and choppy. This could indicate that the wave 4 could
Hi traders, NZD/USD developed a bearish momentum during the last weeks… It seems that this price action was developing 5 bearish wave pattern I think that the pair is now
Hi traders, The EUR/USD bullish breakout is very close to the 38.2% Fibonacci retracement level of wave 4 (pink), which could be a potential major turning spot and restart the
Hi traders, The EUR/USD broke above the key 1.1750 resistance and 23.6% Fibonacci retracement level and is now moving up towards the next 38.2% Fib.
Hi traders, The EUR/USD bounced at support and expanded the wave 4 pattern. Price is now testing the resistance zone (red) again and a bullish break could see EUR/USD move
Hi traders, The GBP/USD bounced at the support trend line (green) and is expanding the bear flag chart pattern. Price could challenge the 23.6% Fibonacci level of wave 4 around
Hi traders, The GBP/USD is building a corrective channel but price is now challenging the support zone which is a key bounce or break spot. The reaction at the channel
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, CAD/CHF developed a bearish momentum during the last week… It seems that this price action was developing ABC correction pattern and I think that the the pair is
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.
Hi traders, GBP/NZD developed a bearish momentum this week… It seems that this price action was developing a bearish 12345 wave pattern and I think that price is now developing
Hi traders, NZD/JPY developed a bullish momentum last week… It seems that this price action was developing a bullish wave 3 pattern and I think that the correction of bearish
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, GBP/JPY developed a bullish momentum last week… It seems that this price action was developing a bullish wave 4 correction pattern, and I think that bearish 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:
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
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.
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.
Hi traders, In my last article about GBP/JPY pair, we expected the bullish momentum of wave 4 correction to take place … It seems that this price action completed the
Hi traders, in my last GBP/AUD article we mentioned that this currency pair was developing a bearish impulsive, most likely a wave 3… The bearish momentum indeed took place and
Hi traders, EUR/NZD developed a bullish momentum during last month… It seems that this price action developed 3 bullish waves and followed with a decent correction of wave 4 and
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, AUD/JPY developed a bearish momentum during last few weeks… It seems that this price action is part of a potential wave 4 correction and we continue to expect
Hi traders, AUD/CHF developed a bullish momentum during the last month then made a decent correction … It seems that this correction could be part of wave 4… We will
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, CAD/JPY developed a bullish momentum during the last 3 weeks… It seems that this bullish momentum is part of a potential wave 4 correction and we are now
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, The USD has been flung hither and thither for an extended period of time now. This analysis will take a look at the Dollar Index to see if
Hi traders, USD/CHF pair is in an downtrend but it made a deep bullish correction … Indeed this pullback seems to be part of wave 4. We will review different
Hi traders, GBP/CAD pair is in an uptrend but it made a deep bearish correction during the last 3 weeks… The pullback seems to be part of wave 4. We
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
Hi traders, USD/CAD pair is indeed in an uptrend but it made a deep bearish correction during the last two weeks… Actually, this correction is part of wave 4. We will
Hi traders, NZD/CAD pair is in a strong uptrend but it made a deep bearish correction during the last two weeks… It seems like this is part of wave 4
Hi traders, GBP/CAD pair is in a strong uptrend but it remains to be seen whether the bearish correction is indeed completed or not. We will review different scenarios as
Hi traders, the EUR/CAD made a small bearish pullback within a potential wave 4. From my point of view, the currency pair has one more higher high before completing the
Hi traders, NZD/CAD presented a bearish momentum pullback, which is actually part of wave 4. From my point of view, the pair now is trying to regain the bullish momentum
Hi traders, since 15 March AUD/CAD is in a bearish momentum which seems to be part of wave 4. The pullback of wave 4 is almost over and I am
Hi Traders, USD/CAD made a decent retracement this week, which seems to be part of a wave 4. Today we will check the pair from a wave perspective to figure
Hi traders, AUD/CAD started a new bearish momentum which could be part of wave 4 pullback. Today we will check the pair from wave perspective to figure the best available
Hi Traders, AUD/CHF showed strong bullish momentum, which is probably a wave 3 pattern. Today’s article reviews potential trade setups when price completes its wave 4 correction and starts a
Dear Traders, The course of the USD/JPY remains vague and uncertain. The pattern can still morph into several scenarios. This analysis will provide a quick update on the latest price
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
Hi traders, The article reviews EUR/USD and discusses the expected move by using wave patterns, key trend lines, and SWAT software on the charts. Traders will find out the EUR/USD
Dear Traders, The USD/JPY turned south again. Will the downtrend continue or is it just a delay of a reversal? This analysis will provide updated price-action scenarios for the USD/JPY.
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 Traders, the EUR/USD is showing bearish momentum but the support zones at 1.1725 and 1.1640 could send price back upwards to retest the resistance trend line. A larger breakout
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, 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 GBP/USD is about to finish a long-term correction, which could provide some very exciting shorting opportunities in the near future. This article will dive into a detailed
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,
EUR/USD 4 hour The EUR/USD broke the bullish trend channel (dark blue), which could indicate a larger correction back to the support trend line (green) via WXY (blue). A break
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