Since January 2017 until April 2018, GBPUSD was made triple three wave, there are combination of three corrective wave (zigzag, zigzag, and double three). After the wave formed GBPUSD corrective down, and i think GBPUSD is at an important level right now. GBPUSD is moving close to the curve line and likely to complete corrective wave (c). Based on this condition,...
EURUSD is forming trianggle, now we predicted the wave C of trianggle was ended. There formed ABCD pattern also. I recommend to open buy now @ 1.1588 with invalidation if break lower line trianggle.
Confirm buy if reversal price action have appear on lower line trianggle.That price action may be candle at H4 or Daily or another formation. Invalidation level at 1,1574.
Elliottwave analysis showing EURAUD will be bullish because formed by triple three wave (WXYXZ), in Z wave have trianggle as subdivision. But price still consolidation in "Hill Pattern", curve line became resistance and horizontal line became support. I recomend to not open position until the price is out from "Hill Pattern".
EURUSD has ended flat wave, at wave C subdivided by diagonal ending 3-3-3-3-3. confirm buy when it has broken through entry level at 1.2294. This analysis is valid as long as the price is not breakout on invalidation or stop level 1.2211. bullish after this flat wave will form the 5th wave of the impulsive wave, this possibility is the last rising swing from EURUSD.
commodity currencies have shown weakness late last night. I advise to buy usdcad because it will likely increase after the formation of zigzag wave. otherwise it is also likely to form bearish bat.
audcad is estimated to have finished forming correction wave with double combination pattern. may rise strongly as it will form the wave subdivision iii of the 3rd wave. the price will likely test the support at FE level 1, the reason is that the 3rd wave should not be the shortest in the impulse wave rule's. as per my previous long-term analysis, maybe this will...
In the long term, DXY has a cycle that moves based on the period of presidential leadership. My observations state that every period of presidential leadership in USA has a great influence on the turn of the dollar trend. therefore it is important for traders to continue to observe the fundamental indicators during a period of presidential leadership. Some...
NZDUSD forms a double three (WXY) pattern with a subdivision of wave Y (premiere degree) is an expanded trianggle. My observations on this case indicate that FE level 1.272-1.618 is vulnerable to reversal. So, I estimate wave E of this expanded triangle will be completed at the FE level of 1,272-1,618. The next few weeks may still rise to reach that FE level....
EURUSD has completed the 3rd wave of the primary degree, possibly going down near the support at 1.2102 to form the 4th wave. you can open a sell position now with the target support or use a 1: 1 risk reward. however, it would be better if you apply buy on the dip around support 1.2102 after the 4th wave finishes. following the trend can minimize your risk.
USDJPY formed a double three pattern that has been confirmed completed. buy right now, the target is attached to resistant 111.95 and 113.30
EURUSD is currently on wave V to the impulsive wave. The likelihood of eurusd approaching a long corrective period. In wave V, the eurusd is forming a ending diagonal pattern of 3-3-3-3-3. this pattern can be finished anywhere as long as it does not exceed FE 100 of wave III. the best way to predict the end of wave V is to keep observing when the 5th wave of the...
from technical aspect, it is expected to be bullish to complete wave 5. also potentially to form batpattern. we can open short-term buy position at the beginning of Asian market opening on 1/15/2018. from the sentiment aspect, data on AUD speculative net positions rose to 5.5K. from a fundamental aspect, perhaps we need to be cautious about the impact of BoJ's...
you can use the sub-wave (C) of the flat wave to open a buy position on the audcad. this assumption is valid as long as the audcad does not go down through the invalidation level @ 0.9578. but need to watch out for and be careful because the Y wave could fail to form a flat wave and possibly can form a triangle wave. therefore we have two references, first buy up...