CyclicalWaves

CyclicalWaves

This pair is at a critically important point: - Upper area of a channel - Long standing descending channel drawn from mid August high - Change of polarity zone If bulls manage to break this area, we will the August high at 1.54 might well be revisited. Taking into the overbought situation, we expect a downward pullback and then break up of the stiff...

CyclicalWaves

This pair is struggling to reach the upper limit of its ascending channel. This behavior is typical of counter-trend moves, so we expect this channel is forming through a 2nd wave which should be followed by a steep fall in the 3rd wave down. Our time analysis indicates that there is little time left for the bulls to reach the top area of the channel so we might...

CyclicalWaves

A distinct Gartley pattern calls for end of correction for this pair. If 135.90 support is taken out, bears will target 135.40 and 134.38 levels. If going short, the X top should be considered as the stop loss level. Good luck, Cyclical Waves Group

CyclicalWaves

After a sharp decline and a sluggish rise, the time zone is ideal for initiating short positions again. There are 2 targets for the ongoing sell-off which are 1.4619 and 1.4467 As long as the 1.49 resistance holds, the trend remains down. Good luck, Cyclical Waves Group

CyclicalWaves

Two visible Bearish AB=CD and Alt Shark patterns have completed at the top area of the channel and thus we think the upward correction is near completion, if not completed already. Break down of the support at 124.211 is a clear signal that the bear are in charge again. Good luck, Cyclical Waves Group

CyclicalWaves

This pair has been falling since late September through a descending channel. The warning point for bears is that unlike many occasions in the past, in the latest upward push towards the upper boundary of the channel which coincides with the latest broken support line, this time we have yet to see a powerful move lower. Price is flirting with the channel which is...

CyclicalWaves

It seems that this pair is declining in an impulsive fashion and is now in the 4th wave. We expect the price to turn south again at the start of the next week. If 1.4741 level is broken to the upside, this analysis is invalidated. Break down of the regression channel can be considered as the short signal. Good luck, Cyclical Waves Group

CyclicalWaves

Price is completing final phases of corrective down turn which we expect to be over in the price and time zone shown on the chart. As long as this channel holds, buying at the bottom and selling at the top is favored. Good luck, Cyclical Waves Group

CyclicalWaves

A bearish AB=CD and a bearish Deep Crab pattern completing in a tight 20 pips zone point that correction is over. A breakdown of 1.48 level is the trigger for this trade with stop above the high and the take profit level at 1.4736. If the trend line is broken, expect the 1.4548 low to be re-visited. Good luck, Cyclical Waves Group

CyclicalWaves

Price has reached the top area of the up-sloping channel. The typical time target zone for this bearish AB=CD pattern to work out is the between 15th and 16th October. If the bulls fail to break the channel to the upside until then, we will expect the price to fall towards the bottom of the channel. Good luck, Cyclical Waves Group

CyclicalWaves Updated 

This pair has broken its descending channel in the 1-hour time frame on 10-9 and is now experiencing a mild selling pressure which we think is a minor correction. The true test of the bullish power is when the prices reaches the stiff resistance area shown on the chart. In that zone, a bearish Inverted AB=CD and a bearish Shark completes which will exert decent...

CyclicalWaves

Price reached the typical price target of the Wave III which composed of 2.618 APP of Wave I and 4.236 Extension of Wave II. Since the price has declined below a minor low @ 0.6671, we can safely assume that Wave IV has begun. The typical price target for this correction to end is the area between two red lines shown in the chart. Good luck, Cyclical Waves Group

CyclicalWaves

After a sharp rally, this pair is now resting in a channelized congestion zone. It seems that after passing this resting period, there will be a decent potential for a rally towards the 0.759 area. Intermediate term traders might enter after the breakout of this congestion zone. Good luck, Cyclical Waves Group