Wave Analysen

Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 20 August 2018


Dear traders,

Please find below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts.

EUR/USD

The EUR/USD is building a potential bullish pullback after a strong bearish breakout. The price could be in a wave 3 (purple), as long as

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USD/JPY Triangle Chart Pattern Determines Next Breakout


USD/JPY

4 hour

Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave

The USD/JPY broke the support trend lines (dotted blue) and could be moving lower as part of wave Y (pink) if the price manages to stay below the resistance (red) trend lines. A bearish contin

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EUR/USD Bear Flag Pattern within Wave 4


EUR/USD

4 hour

Source: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive wave

The EUR/USD seems to be making a slow and corrective chart pattern, which is probably a bullish retracement within a wave 4 (blue). This is valid as long as the price stays below the 50% Fibon

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EUR/USD Builds ABC Correction after Completing Wave 3


EUR/USD

4 hour

Source: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive wave

The EUR/USD is building a bullish pullback after a strong bearish momentum, which is probably a wave 3 (blue). The correction could therefore be a corrective wave 4 (blue) pattern as long as t

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GBP/USD Bearish Breakout below Bear Flag Chart Pattern


GBP/USD

4 hour

Source: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave

The GBP/USD made a bullish retracement and bearish continuation as expected in our wave analysis earlier this week. The GBP/USD broke below the support trend line (dotted blue) for a new low a

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