The current bearish phase in GBP/USD appears incomplete and is expected to extend lower to 1.4600 in the coming days, projects UOB Group. "The initial rebound in GBP held below 1.4840 (high of 1.4815) before dropping rapidly to reach the target indicated at 1.4660/65 (low of 1.4665...
Analogies and metaphors can be a great learning tool because they make complex and not so obvious concepts easily accessible. Whereas trading and boxing don’t seem to have much in common at first glance – two guys beating each other up vs...
Talking Points: NZDUSD Technical Strategy: Bullish Elliottwave Count: We are in wave C Our view on NZDUSD is still on bullish side. Current price action is suggesting another good long opportunity. We had a long last month, and earned handsome profit out of current move...
Talking Points: EURGBP Technical Strategy: Turning Bearish Elliottwave Count: We are considering correction over Current price suggest that correction will be completed anytime from now...
Talking Points: EURGBP Technical Strategy: Long term Bearish Elliottwave Count: Either current price is wave 2 in lower time frame or flat correction playing on daily and weekly chart. EURGBP is playing a nice elliottwave structure...
Talking Points: NZDUSD Technical Strategy: Temporary Bullish Elliottwave Count: Wave C is still due We were tracking to see correction complete on or above .7200 area before downtrend. But this might not be a straight line. This can be played with two scenario...
Talking Points: AUDUSD Technical Strategy: Temporary Bullish Elliottwave Count: Price is heading towards wave c. As per our last analysis, we were expecting two scenario, one with bearish count while other suggest correction will continue and will trade higher to complete it's wave c...
Talking Points: NZDUSD Technical Strategy: Temporary Bullish Elliottwave Count: Wave C is still due We were tracking to see correction compelete on .7200 area before downtrend resume. We still prefer this count and can not see any other alternate count...
AUD USD, “Australian Dollar vs US Dollar” The price is forming the extension in the wave [iii]. On the minor wave level, the price may continue falling in the wave (iii...
GBP USD, “Great Britain Pound vs US Dollar”Pound has finished the wave [ii]. Earlier, the price completed the descending wedge in the wave [i]. In the nearest future, the pair may finish the wave (c) of [iii] and start a local ascending correction...
EUR USD, “Euro vs US Dollar” Eurodollar is still forming the wave [b] of 4. Earlier, after finishing the diagonal triangle in the wave [v], the pair formed the ascending wave [a]. In the nearest future, the price may continue falling, but later it is expected to start growing in the wave [c] of 4...
USD JPY, “US Dollar vs Japanese Yen” After finishing the zigzag in the wave X, the price has formed the bearish impulse in the wave (i) and the correction in the form of the flat in the wave (ii). During the next several days, the market may continue falling in the wave (iii...
Click here to see previous forecast. EURUSD (15 min. chart) EURUSD (1 hour chart) EURJPY (1 hour chart) EURJPY (4 hour chart...
Market Summary EURUSD 15 min. chart: Long sentiment from 1.0876. The long zone starts from this level. EURUSD could be bought at any level till the price reach the targets above. Short sentiment from 1.0827. The selling zone starts from this level...
Click here to see previous forecast. GBPUSD 15 min. chart GBPUSD 1H chart GBPUSD 4H chart EURGBP 15 min. chart...
Click here to see previous forecast. EURUSD (15 min. chart) EURUSD (1 hour chart) EURJPY (15 min. chart...
USD JPY, “US Dollar vs Japanese Yen” At H1 chart. It looks like after completing the wave v of (i), the market is being corrected in the wave (ii), which is taking the form of the flat. The price may finish the impulse in the wave c of (ii...
