harshjapee

harshjapee

EURUSD rallied close to 300 pips since November 04 lows around 1.1600 levels. The currency might have completed an expanded flat complex corrective structure terminating close through 1.1900 mark today. If the above is correct, bears should be back in control and EURUSD should stay below 1.2010 levels going forward. Alternately, the recent rally could be wave 1 of...

harshjapee

GBPUSD might be unfolding a higher degree zigzag since 1.3488 highs. Further. it has potentially terminated Wave A at 1.2675 and Wave B around 1.3175 levels respectively. If the above holds well, Wave C might be underway since 1.3175 highs. Also note that lower degree waves i and ii might have terminated around 1.2855 and 1.3140 levels respectively. If correct, we...

harshjapee

US Dollar Index seems to be unfolding as an A-B-C standard flat since 91.75 lows earlier. Waves A and B are in place at 93.74 and 93.47 respectively. Further, Wave C might have terminated Waves 1 ad 2 at 94.30 and 93.20 respectively, or is unfolding Wave 2 as triangle. Either way, the index is expected to stay above 92.47 if Wave 3 should resume higher towards...

harshjapee

EURUSD overall structure from 1.2010 might be unfolding a 3-3-5 towards 1.1500 at least. Waves A and B might be in place already at 1.1612 and 1.1880 respectively. If correct, Wave C is underway since then, and unfold into 5 waves lower towards 1.1500 and up to 1.1150, going further. Further Waves 1 and 2 within Wave C also seem to be in place at 1.1622 ans 1.1770...

harshjapee

Gold had dropped from $2075 through $1848 sub dividing into 5 waves, potential Wave (1). Since then a corrective wave might be unfolding A-B-C and could push through $1950/70 zone, the previous Wave 4 termination. It would be good to sell on rallies through above resistance zone for a Wave (3) lower towards $1670 at least. Sell @ 1900 and add more @ 1950/70,...

harshjapee

GBPUSD has carved a meaningful top at 1.3488. Wave structure since then is looking like a potential zigzag underway below 1.2675. It remains to be seen if the drop unfolds into 5 waves. At the moment, a potential Wave C might be unfolding since 1.3175 mark. Any intraday pullbacks should find resistance around the 1.3050/70 zone as marked here. Ideally prices...

harshjapee

US Dollar Index remains buy on dips for now and it might be heading towards 96.00 and 98.00 in the weeks to come. A 3-3-5 corrective flat is underway since 91.75 and the last Wave C seems to be unfolding. Either Wave iv has terminated at 93.58 or the index is working on a corrective Wave 2 after terminating Wave 1 around 94.28. Either way, a push through 96.00...

harshjapee

EURUSD remains in control of bears and ideally prices stay below 1.1880 handle, going forward. A larger degree A-B-C seems to be underway towards 1.1400 at least that could extend through 1.1150/60 a well. It is pulling back to work through lower degree Wave 2 within Wave C and might find resistance through 1.1750/80 zone. Remains a good sell on rallies from here...

harshjapee

US Dollar Index might be preparing to drop lower towards 92.35/40 before turning bullish again. A corrective a-b-c drop would terminate around fibonacci 0.786 retracement of the previous rally between 91.75 and 94.75 respectively. High probability remains that a 3-3-5 flat corrective rally is underway towards 96.00 levels, going forward. Bottom line, 91.75 should...

harshjapee

EURUSD might be preparing to push higher towards 1.1926 to complete the corrective a-b-c that had begun from 1.1610 mark. High probability remains for a flat 3-3-5 corrective structure to unfold towards 1.1400 and 1.1150 levels, going further. Bottom line is that 1.2010 should hold. Remain short, stop @ 1.2010, target @ 1.1400 and lower. Good luck!

harshjapee

Bitcoin might have carved a probable Wave B of an expanded flat corrective structure around 13235. If the above is correct, we should witness a bearish reversal soon while prices stay below the 13235 mark. A 3-3-5 expanded flat wave structure could reach up to 7500-8000 levels, going forward. The overall long term trend remains bullish but crypto might turn lower...

harshjapee

GBPUSD might have completed its counter trend rally towards 1.3175 mark yesterday. An a-b-c rally has managed to reach the fibonacci 0.618 retracement of previous drop between 1.3488 and 1.1675 respectively. High probability remains for bears to take control back from current levels, but a test of 1.3200 handle cannot be ruled out. Bottom line; bears expected to...

harshjapee

US Dollar Index might have completed its corrective drop a-b-c around 92.47 yesterday. The structure is looking 3-3 for now and might be preparing to unfold in 5 waves, to complete a 3-3-5 flat. Yet another shallow drop towards 92.40 cannot be ruled out though, which is fibonacci 0.786 retracement of the earlier rally between 91.75 and 94.75. Bulls are expected to...

harshjapee

EURUSD bulls manged to push 20 pips above the fibonacci 0.618 retracement seen around 1.1850/60 levels yesterday. High probability remains for a bearish reversal from here. Could be too early at this moment but a push below 1.1730 confirms, we are heading south. Bottom line for bears to remain in control stays at 1.2010 handle. Remain short, stop @ 1.2010, target...

harshjapee

US Dollar Index has been unfolding a corrective drop since 94.75 highs. It seems to have completed an a-b-c drop through fibonacci 0.618 retracement of the earlier rally between 91.75 and 94.75 respectively. The wave structure unfolding could be a standard flat 3-3-5, and pushing higher towards 96.00 and 98.00 respectively, over the next several weeks. Bottom...

harshjapee

EURUSD bulls had been carving the proposed counter trend rally since last few trading sessions. The currency finally manages to hit 1.1850-1.1900 resistance zone today as bears prepare to take control back from here. Wave structure looks like a flat 3-3-5 unfolding since 1.2000 handle and could reach 1.1100/50 levels over the next few weeks. Bottom line, prices...

harshjapee

Bottom line: GBPUSD remain in control of bears until below 1.3488 handle. Technical analysis: GBPUSD might be underway towards 1.3175/1.3200 levels, to terminate the corrective wave which began from 1.2675 mark. A potential zigzag seems to be underway with Wave C in progress since 1.2850/60 lows yesterday. The earlier drop between 1.3488 and 1.2675 could be Wave...

harshjapee

Bottom line: EURUSD remains in control of bears until 1.2010 stays intact. Technical Analysis: EURUSD dropped through 1.1720 handle yesterday before turning higher again. The currency n=might be underway to carve a 5-3-5 zigzag from 1.1610 lows earlier. If the above is correct, we should see another lower degree 5 wave rally towards 1.1850/60 as wave c progresses...