Wave Analysen

EUR/USD Challenges 1.19 Support Zone for Next Bearish Breakout


EUR/USD

4 hour

The EUR/USD is unable the break above the resistance lines (orange and red) of the downtrend channel. A bearish continuation could send price lower towards the Fibonacci targets of wave 3 (blue) around 1.17-1.18. A bullish breakout above the resistance zone

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GBP/USD Tests Wave 4 Resistance Fibs Levels at 1.36


GBP/USD

4 hour

The GBP/USD is making a bullish bounce after failing to break below the support trend line (blue). The trend however remains bearish and the current rally could only be a retracement. Price action stays bearish as long as price remains below the resistance

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Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 7 May 2018


Hello trader,

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 broke the key support zone and is building a bearish channel with a steep angle. But price needs to at least reach the 161.8

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GBP/USD Bearish Trend Loses Momentum Near 1.35 and NFP


GBP/USD

4 hour

The GBP/USD bearish trend continued yesterday with a new lower low but price action seems to be slowing down. Price action looks more corrective in the most recent channel (orange/blue lines) as price approaches the critical 1.35 round level, which could be

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USD/JPY Bounce or Break Spot at Uptrend Channel Support


USD/JPY

4 hour

The USD/JPY uptrend channel reached the 110 round level and 38.2% Fibonacci level of potential wave D (light purple) and price seems to be moving away from this target. The direction of the USD/JPY however will depend on how price will respond to the channe

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