With the Fed beating the drum of rate increases, many are looking for the Greenback to fundamentally strengthen. Though when and if the Fed actually increases rates is a debate for another day, let's look at the technical picture for EURUSD. It appears we are finalizing the 4th wave of a 5 wave diagonal pattern. We're looking for this 4th wave to terminate in...
An appreciation of the beauty of Gann box. Netflix goes to a perfect 38.2% deep retrenchment and flip back - creating a possibility of ABCD pattern for the flat triangle. Will it fill the gaps at the bottom that it didn't fill last time? I can see that it will go to 58.53. But before that will it goes back up and fill the gap that it created today before it moves...
Hello there! I think we are nearing the end of this large flat correction. 93 area should be watched closely for reversal (wave A low). Downside of the trend is also there. Daily charts show Momentum divergence already. Best wishes!
Hello there! I want to share with you my observation. I think we will have repeat of past action. Right leg develops in more clear but also more violent manner. Best wishes! Aibek
Hello Traders , please click on all the pinned charts to see how it is possible to use wave analysis to forecast the charts.
My last EURUSD chart suggesting long entry was about 4 months ago, which took longer and retraced more than originally anticipated. Whilst we were waiting for longer term bullish move, we took 2 short trades which were also published subsequently, see chart links below. Now we have long awaited low formed in December 2015 just above March 2015 low, which could...
Tomorrow morning at 8:30a ET, the US Non Farm Payroll report is scheduled to be released. This could impact the EURUSD as the USD has been strengthening on the heels of a strong payroll report in November. With today's post -ECB move knocking on the door of 1.1090, we have a critical level of which we can consider trading around. First off, if prices remain...
In my last chart (link below) a retracement bounce with target of 380 zone did not play out as anticipated even though we have now bumping into 340 zone. During this period with both up and down swings, many chartists using differing methods are suggesting that we have formed a major low and are now in new "Bullish Cycle". Several have asked if there is any...
EURGBP's current rally could very well be a Wave Y of a running flat pattern making a 3-3-5 move as shown on the chart. Which means EURGBP could go one more leg down and make a new low. One can go short on the pair with minimum risk and good rewards if it works out well. Happy Trading!!
LT has made a FLAT correction 3-3-5 which is potentially completed now and its time to go long. One can go long now with SL just below the recent lows around 1435 and targets are for new highs around 1950, 2000 levels. Happy Tranding!!