Wave Analysen

USD/JPY Bearish ABC Zigzag Challenges 78.6% Fibonacci


USD/JPY

4 hour

The USD/JPY is following the path of least resistance mentioned in the wave analysis earlier this week: a turn at the 38.2% Fibonacci resistance level at wave A (orange) followed by an ABC deep correction within wave B (orange). A bullish bounce co

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EUR/USD Completes Zigzag and Uptrend Challenges Resistance at 1.18


EUR/USD

4 hour

The EUR/USD showed a strong bullish 4 hour candle at the support trend lines (green/blue), which indicates the potential completion of the wave 4 (green) correction. A break above the resistance trend line (red) increases the chance for a wave 5 (

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EUR/USD, GBP/USD Build Shallow Retracements after Bearish Breakout


EUR/USD

4 hour

The EUR/USD is showing bearish continuation as expected in the wave analysis earlier this week. Price is building a potential ABC (purple) correction within a larger wave 4 (green). The main target of the ABC are the Fibonacci levels of wave 4 vs

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USD/JPY Reversal at 109 Support Zone Starts ABC Zigzag


USD/JPY

4 hour

The USD/JPY bounced at the support zone (green lines) of the previous daily bottom and broke above the resistance trend line (dotted orange). The wave structure is therefore favouring a completion of the wave A (brown) at the newest low and the cur

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EUR/USD Decision Zone at 1.19: ABC Zigzag or Uptrend


EUR/USD

4 hour

The EUR/USD divergence between the tops (purple line) could create a larger bearish retracement via an ABC correction (purple). A break of the top and 100% Fibonacci level of wave B vs A at 1.1910 could indicate an uptrend continuation.

1 hour

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