Hi traders, The retracement in EUR/JPY has come to important POC zone. 124.60-85 is the zone where the price might reject.
The AUD/USD has formed a bullish zig zag pattern that is clearly visible with the ascending trend line, rejection candles and upward motion( arrows are trading signals based on CAMMACD
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.
Hi traders, The GBP/AUD has broken through the bottom part of the descending flat bottom triangle and we can see that the price is making a consolidation now. W L4
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.
The BTC/USD has been consolidating within an elongated triangle and at this point it is very close to it’s apex. We might witness a breakout soon.
The EUR/USD has formed an ascending trend line that is holding the trend in place. The POC zone 1.1560-70 could show fresh buyers for the pair.
The USD/JPY has hit the target that I announced on our Telegram channel and now we see a possible continuation to the upside. Bullish continuation suggests further upward momentum, but
Dear Traders, Gold has stopped its slide over recent weeks, but its direction remains undecided. This post will provide an overall wave analysis for Gold for the short and medium
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.
Dear Traders, Even though the USD/CAD is currently in retreat from its 2018 bull rally, longer-term price action hints at a potential major uptrend around the corner. Today’s post will
Hi traders, The ETH/USD has formed a bullish zigzag and it it is getting closer to W H3 camarilla pivot.
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 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
The USD/JPY is showing signs of a rejection just below important 111.00 level. Here is the scenario that should come in play.
Hi traders, The USD/JPY is showing a consolidation pattern as price is respecting the support (blue) and resistance (red) trend lines. A bearish ABC zigzag seems the most likely pattern
Hi traders, The GBP/USD made a strong bearish breakout below the support trend line. The GU is now testing a 78.6% Fibonacci level of a potential wave B (blue), which
Hi traders, The GBP/USD is building a triangle chart pattern close to the top of the downtrend channel. A bearish breakout seems likely. Keep in mind though that the GBP
Hi traders, The EUR/USD continues to move up and down within the triangle chart pattern, which is indicated by the trend lines. Price is now approaching again the support zone
Hi traders, The German index DAX30 is testing the resistance trend line (red), which could be a critical decision zone for a bullish breakout or bearish bounce.
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
The EUR/USD completely followed previous analysis and is proceeding with a bearish trend. We might see new bearish move after the retracement or a breakout.
Dear Traders, the AUD/NZD showed renewed bullish momentum, which creates an interesting alteration to the medium and long-term outlook. Today’s post will provide an updated wave analysis for this currency
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
Dear Traders, Gold has taken a beating over recent trading weeks. What path lies ahead for the precious metal over the coming weeks? This post will provide an updated medium-term
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
The GBP/USD made a bullish bounce as expected despite the presence of a downtrend channel. Price is now carefully breaking above a resistance trend line (dotted orange).
Hi traders, The USD/JPY is breaking above a key resistance trend line (dotted red) which could indicate a bullish breakout within wave Y (pink).
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
Dear Traders, WTI is trading at interesting price levels, which present a good trade setup opportunity. Today’s post will provide a technical analysis of WTI and a potential trade setup.
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 is within a complex correction that should resolve to the upside and provide excellent trading opportunities. Today’s post will offer an updated wave analysis for this
Dear Traders, the EUR/NZD has been ranging for many weeks now. When can we expect the next major move to occur and in which direction? Today’s post will provide an
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, The German DAX30 index is struggling to continue with the uptrend after its break below the support trend line. The failure to break above resistance could indicate a
Dear Traders, The NZD/USD has produced a sizeable bullish swing over recent weeks. Is this just a temporary correction or already the start of a major uptrend? Today’s post will
Dear Traders, The EUR/GBP produced a strong bearish drop, as anticipated in the previous analysis. Today’s post will provide a short-term update for this pair.
Dear Traders, Today’s analysis will provide an updated long-term wave analysis for the AUD/NZD. The pair could soon be gearing up for a significant bullish impulse.
Dear Traders, The EUR/GBP has been yoyo-ing over recent trading days and shows signs that it will be range bound for a bit longer yet. Today’s post will analyse its
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, The EUR/USD broke below the support trend line of the falling wedge chart pattern. The EUR/USD has now reached a key support zone at the 1.15 psychological round
The USD/CAD has been in a progressive zigzag uptrend pattern. The price has made higher highs and next higher high could be expected after a pullback
Hi tradres, The EUR/USD bullish rally has disappeared and price is now retesting the 1.1750 support zone again, which is a critical and key decision zone for a downtrend continuation
Hi traders, The USD/JPY broke below the support trend lines (dotted green) and is now retracing back to the bottom of the uptrend channel (blue).
Hi traders, The USD/JPY continued with the uptrend yesterday and showed another higher high at 111.50. Price is now building a new bearish retracement as price broke below the steep
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, The GBP/USD is challenging a key support zone (green) around 1.34. A bearish breakout could see price move lower towards the Fibonacci targets of wave 5 whereas a
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, Global equities have enjoyed a revival over recent weeks and the Eurostoxx index is no exception. Today’s analysis will take a look at the short term wave structure
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, The NZD/USD has continued downwards on a slow grind, but is looking exhausted now. Today’s analysis will provide an update on the NZD/USD wave structure.
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
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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
As we could see in my previous GBP/USD coverage, it happened exactly as planned and now we see a continuation of that trade.
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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
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 GBP/USD is at a critical juncture. If bears can keep up the pressure, the dam could break and open the floodgates for a strong sell-off. This 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 EUR/GBP created an even more extended correction than anticipated in my previous analysis. Today’s post will provide an updated analysis of the most recent price action.
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 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,
The EUR/USD has formed inverted Head and SHoulders pattern straight at W L3 and ATR projection low confluence just at the median channel line. We could see a bullish bounce.
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, WTI had a wild ride since its January 2018 high. Price is beginning to show signs of renewed selling pressure. Things are looking bearish in the short-term. This
The EUR/USD has reached W L4 / D L3 level and we can see a possible retracement due to short sellers profit taking. The price might reach the POC zone
The NZD/USD Daily Downtrend is still in progress. However, at this point, we see a 4h retracement that could result in a bearish move towards the W L3 level.
The USD/CAD has broken the POC to the upside, and the bullish channel still holds. 1.2640-55 is the POC zone and further appreciation of the pair might happen if 1.2673
Dear Traders, The EUR/GBP has provided some more confirmation of the bearish scenario we highlighted in the previous analysis of this pair. Today’s analysis will give an update on the
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
The USD/JPY has been in a bearish zig-zag mode and at this point, it’s getting closer to the POC zone where it could reject. The trend is clearly to the
The EUR/USD has formed a giant bullish candle exactly at W L1 camarilla and the candle itself was testing D H4 breakout camarilla level.
The USD/JPY has formed a double bottom slightly above the Daily L5 camarilla, in addition to H1 double bottom above the D L4 camarilla. At this point, we might see the
The EUR/USD has been a bit bullish, breaking out above weekly L3 camarilla pivot, reaching the W H3. Today is a profit taking day, so we could see a retracement
Dear Traders, Our previous GBP/AUD analysis has played out the bullish bounce as expected. But the pair could very well be turning south again now. This analysis will update our
Dear Traders, The USD/CAD finds itself at a critical junction, which will decide its course for the coming months. This analysis will take a look at this important decision zone,
Dear Traders, The GBP/JPY has acted according to our previous analysis so far and is beginning to show early signs of a bearish reversal. This analysis will take a quick
EUR/USD is waiting for the ECB conference on Thursday. The press conference is about an hour long and has 2 parts – first a prepared statement is read, then the
Dear Traders, The NZD/USD continues to grind higher. But momentum is waning and price-action is showing further signs of a potential correction. This analysis will take a quick look at
Dear Trader, The NZD/USD has enjoyed a massive rally over the last weeks, but the long-term outlook looks mixed for the NZD with a potential for strong downside ahead. This
The BOC will release important data today. The interest rate at which major financial institutions borrow and lend overnight funds between themselves (Overnight rate) and BOC statement will make all the
Dear Trader, The GBP/JPY has formed a long-term rising wedge pattern, also known as a leading diagonal. Price is coming to a critical decision point very soon and signs point
The British Chambers of Commerce’s (BCC) Quarterly Economic Survey didn’t help the GBP/USD much. After a brief rally above 1.3520 towards 1.3560, the GBP/USD dropped making a new low on
Dear Trader, The GBP/AUD has been hovering at support for numerous days, indicating that another bullish bounce could be in stall very soon. This analysis will look at clues within
Dear Trader, the AUD/USD has been on an impressive uptrend for several weeks. This could be a longer-term trend change, but a bearish correction should be due first. This analysis
The USD/CAD is very close to making a breakout to the upside. We can see fractals trendline placed exactly at W L3 camarilla pivot and the price might spike up
Dear Trader, the AUD has been a phoenix arising from its ashes in the final trading hours of 2017. The GBP/AUD dropped 700 pips over the course of just a
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.
The USD/CAD has been dropping since it hit 1.2920 zone and currently it is looking for a break below W L3 camarilla pivot.
The CAD/JPY reached the W H3 and formed a Type 2 reversal arrow exactly within the dynamic zone area. Zooming in to 5 min timeframe we have been able to
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
The NZD/USD is still in an uptrend as I showed in my previous NZD/USD analysis. However, the price has already gone above W H5.
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
Choosing a new governor (Mr Adrian Orr) for the central New Zealand national bank, who will officially take up a role on 27 Mar had a positive effect on the
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
The EUR/NZD has formed a bullish Ascending scallop pattern after a clear rejection from the supporting trendline. The pair is eyeing higher levels that could be reached after a retracement.
The EUR/USD opened with a retail gap after the US Senate gave a significant boost to the USD last night. The pair has failed to close the gap as of
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After a rejection towards 1285 zone, the GOLD couldn’t proceed with bearish momentum and the price turned bullish. Staying above W H3 camarilla pivot, the Gold made a bullish pattern
The USD/CHF has been moving pretty slow making only 33 pips during slow holiday market volatility. Almost every pair is trapped in a range bound market price action due to
The USD/JPY has been consolidating between D H1 and D L1. the price is making bearish zig-zags so we might see a rejection from the POC 112.05-15 towards W L1.
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The WTI is in uptrend but we clearly see a retracement on the 4h timeframe. At this point it is important to see what the pair might do in terms
The USD/CAD is possibly forming the right shoulder on H1 timeframe. The price is currently supported at D H3 camarilla pivot so it will be either make it or break
The EUR/AUD has broken a W pattern to the upside and at this point, it seems like we will see an uptrend continuation. Additionally, the trendline has been broken too
The GBP/JPY has been dropping from 151.40 zone and at this point, we can see it below both Weekly and Daily H3 camarilla levels. If the bearish momentum persists and
The USD/JPY has been in a bullish zig-zag mode. The thrust-pullback bullish pattern has brought the pair up to 114.25 before a retracement to 88.6 Fibonacci level. At this point, a
The GBP/USD is trying to make a close below a trend line and 38.2 fib cross at 1.3180. We might see a rejection below the trend line or a spike above
The dragon, so popular GBP/JPY and my personal favorite pair to trade has closed above the previous high on the daily chart. The pair has formed a Marubzou engulfing pattern
The AUD/JPY has made a bullish swing close to the W L4 camarilla pivot point and trend line and it looks like the price momentum changed to bullish. However, traders
The NZD/USD has formed a bearish railway pattern (BRP) on H4 timeframe. The pattern has appeared after a rejection from historical sellers and a trend line. For the next bearish
Bullish bias on the EUR/GBP suggests the pair will move to the upside provided that 0.8870 holds. The price is trapped within the AP channel clearly inclined to the upside.
The GBP/JPY has spiked above the PPR (polynomial progressive channel) and it is trying to reach the POC zone 148.25-50. However, the first resistance is 147.85 and it needs to
The AUD/USD Trade Balance came better than expected and at this point, the pair is exiting the oversold territory. Trade Balance is important for the economy as it represents the
The GBP/JPY has been mostly ranging the last couple of days showing vertical price movement with a potential breakout from the consolidation triangle. There are 2 potential scenarios.
The XAU/USD (Gold) is in a strong downtrend. As we can see on the CAMMACD full template, there is still a scope for more bearishness this week. Considering the bearish zig-zag that
The uptrend on the GBP/JPY seems unscathed. The GBP/JPY dropped along with Equities, namely DAX g as a result of the German elections over the weekend, partly due to Merkel
GBP/JPY Ascending Channel Uptrend is in the progress. Forward Earnings in the USA has improved hence why the US Equities have been flying this week. When Equities are going up, Yen
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
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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 above the tight range (purple) and moved higher towards the resistance trend line (orange). A break above could indicate the continuation of waves Y.
EUR/USD 4 hour The EUR/USD retraced back to the 38.2% Fibonacci level, which caused price to pause. A break down could see price fall deeper towards the 50% and 61.8%
EUR/USD 4 hour The EUR/USD is in a bullish trend channel (dark blue) within a larger wave 4 (blue) correction. 1 hour A break below the 100% Fibonacci level invalidates
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
EUR/USD 4 hour The EUR/USD completed a bullish ABC (green) zigzag which pushed through resistance (orange) without breaking it. Price is now making a bearish correction but as long as
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
EUR/USD 4 hour The EUR/USD broke the resistance (dotted red) and has moved up towards the 38.2% Fibonacci level of wave 2 (orange). Typically waves 2 tend to see deep
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
EUR/USD 4 hour The EUR/USD bearish movement has retraced very deep which therefore favors a completed wave 5 (blue) of wave C (green) of Y (brown). Price could still expand
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
EUR/USD 4 hour The EUR/USD moved up yesterday but turned around at the confluence of resistance (red trend line and 611.8% Fibonacci target). Price remains in a wedge with support
EUR/USD 4 hour The EUR/USD was unable to break above resistance (red) and is correcting lower as part of a wave X (lavender) unless price manages to break below the
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 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
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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