The chances are very high the pair will come down in the nex few sessions. The impulse-correction relationship is very obvious on the chart. This brings us to a conclusion that there is going to be at least one more down move back to the trendline. However trading this pair might require experience and skills. This night the RBNZ (the Bank of New Zealand) decides...
CADCHF is completing a pattern which brings us to a conclusion that the pair will come down. There is a chance the pair will make one more high before turning the direction. The outcomes of the move might be significant. It might come down as low as of early June 2017. Otherwise, the pair will make three legs of correction and go up for another...
Some crosses might correct a bit while majors move (like this one - www.fractology.biz ) Buy if price breaks the trendline and correct a bit
Some crosses might correct a bit while majors move (like this one - www.fractology.biz ) Sell if price breaks down the trendline and correct a bit
Following our post on USDJPY long-term analysis - www.fractology.biz Fractology would like to deliver another piece of forecast with very high chances of occurring. Our first-in-series analysis has its aim to describe the first impulse in the structure. At the moment price shows signs that it might start the second impulse and complete the structure. As...
NZDUSD has probably reached the top where a correction or a reversal is highly probable. Therefore it would be reasonable to wait for pattern breakout, a small correction and comparatively big down move. One more high is possible in the current setup.
Weeks ago We published our bullish view on EURGBP. (Check the link - www.fractology.biz ) Since then the pair has risen up more than 5 percent. It was a spectacular chance to increase your trading account. At the moment We have revised the analysis and expect a complete reversal. This should become possible within an enormous daily zigzag move which represented...
Fractology would like to advise a short-term selling opportunity for two pairs which are forming similar setups. These are EUR/JPY and CHF/JPY. The charts on both pairs are in a corrective phase which is not finished. Therefore it would be beneficial to sell the breakout of the current small corrective flag. If that happens tt would practically mean the...
The chances are very high US DOLLAR INDEX surges up soon. There might be several reasons for that: 1. Price is oversold. It came down fast without any correction. 2. On an hourly chart, the price is forming a pattern which usually features a correction or a complete reversal. 3. Our analysis of major US dollar peers indicates they are losing their ground and...
EURUSD has been under a lot of buying pressure for the last two weeks. Fortunately, markets do not move in straight lines. Markets give us a chance to enter short positions when a price is heavily overbought. I assume such overbought conditions are clearly visible on EURUSD chart. In terms of wave theory, it is highly likely the price will go down if it violates...
This post is to advise to look for short opportunities in this pair. Wait for a pattern breakdown, correct itself and sell down to the trendline. However, I would advise having a look at AUDNZD and AUDJPY for buying opportunities.
Fractology is expecting a further weakening of the CAD against USD. Last week the pair completed a first leg of the pattern. Therefore we should expect the pair to go up after a period of small correction. If there is a bounce up from a trendline it should be safe to look for bullish opportunities.
EURAUD might soon experience a great selling pressure. This should become possible due to several reasons: 1. The pair has climbed up very high without a major correction. This is especially visible on a daily or 4 hour chart. 2. EURAUD is forming a corrective pattern after a minor impulse on an hourly chart. This might indicate that the pair will go down. 3....
AUDUSD is struggling to go up and shows some signs of weakness compared to the previous downside impulse(see the arrow). Apart from that, my USDOLLAR index analysis tells me that the chances of an upside correction are very high. Therefore you should look at dollar pairs as a chance for USD to strengthen. AS for AUDUSD, If price violates the trendline of the...
As in my previous post, my analysis is based on two factors: 1. DOLLAR INDEX has to correct itself up, which means major USD peers should weaken 2. USDJPY is forming a corrective pattern under the trendline. If it breaks up, it will be a perfect chance to buy.
EURCAD might follow the fate of USDCAD and break out from the corrective pattern. If you have a technique to enter breakouts, sell when price violates a corrective pattern. Beware of the low (horizontal line) and put your trade to breakeven for there might be one more up move.
The most appealing option for me in this pair is to make another big move down to finish a large flat pattern. The reasons I believe it might happen are the following: 1. The top of wave A has not been broken 2. The pair has made an impulse down near the top of wave A 3. The wave B has three waves inside If you have a tested strategy, wait for a correction and sell.
USD/CHF has a chance to start C-wave of zigzag move up very soon. This is why you might think of long opportunities as per your strategy.