NirmataFX

NirmataFX

The first bearish wave has ended in the range of1.1612 and the corrective trend in the second wave in the range of 1.1830 has ended with the Ending Diagonal pattern .In downtrend in 3rd wave, price targets of 1.15 to 1.14 can be seen. The general downtrend can lead the price to below 1

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According to the previous analysis, the uptrend is extending,and it is possible that the 4th wave has ended in the range of 1.1633,the uptrend will start at 5th wave. The first target for this pattern is the range of 1.1750. If the uptrend moves with 5 waves, we can confirm the advent of uptrend , then heading for the targets of 1.2100.

NirmataFX

The uptrend scenario for gold There are two scenarios for gold, the first of which was described earlier. In the case of the second scenario, which is most probable, we are still in a corrective IV wave, and currently, we are currently in B wave from this side. Given this, it is possible that B Wave has ended in the range of USD 1873, and the uptrend in C Wave...

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By overviewing the charts, the other probable scenario, is a downtrend movement of 4 wave from C point. One of the reasons is that the RSI has not been accompanied by a downtrend .By price crossing the drawn trend line, this scenario is confirmed, and we can enter the uptrend and the first targets of 1.2080 to 1.2450.We should also note that in the daily chart,...

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There is the possibility that the first uptrend with the Ending Diagonal pattern ended in the range of 0.6797.By crossing the price range of 0.66011, the completion of the Ending Diagonal pattern is confirmed, we can hope the continuation of the downtrend extends up to the first target of 0.6380.

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having the price crossing the 1.3239 range, the Ending Diagonal pattern has been completed and we should wait for the uptrend with the target of 1.350.

NirmataFX

In the 240-minute chart, Wave 4 from the Ending Diagonal patternis ended in the range of 1.3482 and the first bearish wave has started in 5thWave. To confirm the downtrend, the price needs to cross the range of 1.2075with 5 downtrend waves.

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According to the price retracement from the USD 1966 range, as well as the 3-wave structure of triangle sides, there is a scenario that wave b ends in the 1966 range with a triangular pattern, by crossing the price from the USD 1906 range, the downtrend for the target of USD 1,800 will be confirmed.

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Both scenarios are still valid, with having the price crossing the range of USD 446, there is a hope to continue the uptrend in the V wave, which can be extended up to the target of USD 800.

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There are two scenarios: The first scenario: The Wave IV is in the form of a Triangle pattern, in which by crossing the price from the area of USD 1991, we can consider the of Wave IV is over, then we should wait for the uptrend and movement to the target of USD 2100. Second scenario: The Triangle pattern is in B wave from point IV, if the price crosses the USD...

NirmataFX Updated 

Dear traders In some charts and currencies, we cannot have an exact technical analysis, which might be due to a complex corrective wave. Diagnosis of these kinds of wave are very difficult and sometimes they are impossible to identify. In these cases, I am looking for patterns that are formed in the market, the most important of which are Diagonal and Triangle....

NirmataFX Updated 

It seems the Expanded Diagonal pattern is completed and we should wait for the uptrend. The main confirmation for the uptrend starts when the price crossing the USD 1950.40 range. Earlier confirmation can be given by the advent of the USD1933 range.

NirmataFX Updated 

For this currency, please consider this analysis, it is possible that wave4 has completed, and the price has had the last uptrend, to confirm this scenario, the price requires to cross the USD 1.3258 area. The bearish analysis has not been violated yet, after the fulfillment of the 5th wave from C point, a large bearish trend will begin.

NirmataFX Updated 

In the weekly chart, the structure of the waves consists of 3 waves, which indicates the Ending Diagonal pattern, by checking the MACD and the type of reversing candlesticks, wave 4 of this pattern is probably completed in the range of 1.3482. in the daily chart the structure of wave 4, which is in the form of 3 waves, and divergence in MACD both indicating the...

NirmataFX Updated 

As mentioned in the previous analysis, wave 4 is point where the triangle pattern is forming. With overviewing the details below the e-wave from the triangle pattern, the probable scenario from this point is in the C wave, which shows the Expanded Flat pattern has been formed. To confirm this pattern, for the advent of uptrend, the price needs to cross the range...

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The Ending Diagonal pattern is placed in the 5th wave from point C, by the completion of wave 4, wave 5 is finished in the range of 0.74135. In order to confirm the downtrend, initially the uptrend line must be broken, for the confirmation of the main downtrend, the price needs to cross the range of0.7132, which is the end of wave 4.

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Given the previous analysis and the fact that the price could not cross the range of 1.3037, we are going back to the uptrend scenario for this currency.In this scenario, the Ending Diagonal pattern has been completed in the range of 1.2994, and the uptrend has started, the uptrend will be confirmed by breaking the price in the range of 1.3162. The least expected...

NirmataFX Updated 

Wave B / 2 has ended in the range of 0.54691 which indicates we should wait for the uptrend. (If the initial 5 ascending waves forming) We are currently in 5th wave of the first uptrend, which can be extended to the targets from 0.6830 to 0.6840. Then the downtrend resumption in direction of a corrective wave for this uptrend will begin.