Elliott wave Analysis

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Wave analysis of GBP / USD for August 14. The pound sterling can still continue falling
Wave analysis of GBP / USD for August 14. The pound sterling can still continue falling
Analysis of wave counting:During the trades on August 13, the GBP / USD currency pair increased by approximately 20 percentage points. Such a slight increase in the pair does not give grounds for assuming the completion of the construction of wave 5, 3, a. If this assumption is correct, then the dec...
0
Wave analysis of EUR / USD for August 13. The pair continues to adhere to the working version
Wave analysis of EUR / USD for August 13. The pair continues to adhere to the working version
Analysis of wave counting:During the trades on Friday, the EUR / USD currency pair lost another 120 percentage points. Thus, the conclusion suggests that the construction of the assumed wave 3, 5, continues. An unsuccessful attempt to break the 161.8% of Fibonacci mark can lead to the completion of ...
0
GBP/USD Chart Pattern Indicates Wave-4 Correction in Downtrend
GBP/USD Chart Pattern Indicates Wave-4 Correction in Downtrend
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD is building a triangle pattern after breaking below the support line (dotted blue) of the downtrend channel. A new bearish breakout could indicate an immediate continuation within wave 3 (blue), which could fal...
1
Elliott wave analysis of EUR/NZD for August 14, 2018
Elliott wave analysis of EUR/NZD for August 14, 2018
We are looking for red wave ii to complete in the 1.7196 - 1.7258 target-zone. Once this correction is complete a new impulsive rally to above 1.7487 is expected for a continuation higher to 1.7924 and 1.8369 as the next upside important upside targets. Short-term only a break above minor resistance...
0
Elliott wave analysis of EUR/JPY for August 14, 2018
Elliott wave analysis of EUR/JPY for August 14, 2018
We have seen the expected rally from 125.23. The question now is whether it's able to correct all the way to 127.30 before turning lower to just below 125.23 to complete wave ii or the minor correction in wave iv/ already has completed at 126.78 for the final dip?We do prefer a little more upside cl...
2
Wave analysis of GBP / USD for August 13. The fifth wave is still continuing its construction
Wave analysis of GBP / USD for August 13. The fifth wave is still continuing its construction
Analysis of wave counting:In the course of trading on August 10, the GBP / USD currency pair fell by 60 percentage points. Thus, there is a reason to believe that wave 5, 3, a, has not yet completed its construction. A successful attempt to break through the spent mark of 1.2758 will allow the pair ...
3
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 13 August 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 13 August 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. EUR/USDThe EUR/USD broke below the support (dotted blue) of the range and corrective zone, which is indicating that price is probably in a wave 5 (pink) of wave A (purp...
0
GBP/USD Breakout Accelerates Bearish Momentum
GBP/USD Breakout Accelerates Bearish Momentum
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD broke the support line (dotted blue) of the downtrend channel. The bearish breakout is behaving very impulsively, which indicates that the swing is a potential wave 3 (green). A bearish break could extend the 3...
0
Elliott wave analysis of EUR/NZD for August 13, 2018
Elliott wave analysis of EUR/NZD for August 13, 2018
It's a bit disappointing that the correction from 1.7487 has been as deep as it has. That said, only a break below support at 1.7117 will invalidate our bullish count. Short-term, we do expect a little more downside pressure towards 1.7230 from where we expect the next bullish rally to take place to...
0
Elliott wave analysis of EUR/JPY for August 13, 2018
Elliott wave analysis of EUR/JPY for August 13, 2018
The decline in wave c of ii has exceeded the expected target of 126.01 and it looks like more downside pressure will be needed after a correction towards 127.30. We do not expect this final decline to move much below 125.20 and it must stay above the start of wave i at 124.59. If this low is broken ...
2
Wave analysis of EUR / USD for August 9. The pair is ready to complete the corrective wave 2
Wave analysis of EUR / USD for August 9. The pair is ready to complete the corrective wave 2
Analysis of wave counting:During the trading on Wednesday, the EUR / USD currency pair gained about 10 percentage points and is preparing to complete the construction of the proposed wave 2, 5, downward part of the trend. If this assumption is correct, then the decline in quotations will resume toda...
3
Review of GBP / USD pair for the week of August 9 via simplified wave analysis
Review of GBP / USD pair for the week of August 9 via simplified wave analysis
The wave pattern of the H4 graph: The descending wave of January 25 is not complete. Its wave level has already exceeded the scale of the chart under consideration of the pair. The wave pattern of the H1 graph: In a higher wave model, the descending wave of April 17 forms the final part (C). The wav...
3
Review of EUR / USD pair for the week of August 9 for simplified wave analysis
Review of EUR / USD pair for the week of August 9 for simplified wave analysis
Overview EUR / USD pair on the week of August 9 a simplified wave analysis The wave pattern of the H4 graph:The trend direction of the wave is top-down and the report is from January 25. For many reasons, a correction (B) is being prepared from the current turn area. The wave pattern of the H1 graph...
1
USD/JPY Bearish Breakout after Pullback in Downtrend Channel
USD/JPY Bearish Breakout after Pullback in Downtrend Channel
USD/JPY4 hourSource: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive waveThe USD/JPY bearish channel is staying within the support and resistance trend lines, which probably makes it a wave C (pink). However, price will need to break below the bottom of wave A (pink) before any bearish continua...
0
Elliott wave analysis of EUR/NZD for August 10, 2018
Elliott wave analysis of EUR/NZD for August 10, 2018
After some sideways consolidation between 1.7352 - 1.7448 more upside will be expected towards the next minor upside targets at 1.7924 on the way higher towards 1.8369 and 1.8423. Support is now seen at 1.7404 and again at 1.7352. Ideally the later will be able to protect the downside for a clear br...
2
Elliott wave analysis of EUR/JPY for August 10, 2018
Elliott wave analysis of EUR/JPY for August 10, 2018
The break below support at 128.48 has shifted the preferred count in favor of a large expanded flat developing as wave ii. Under this count, the ideal target for wave C of ii is seen at 126.00 from where a new impulsive rally in wave iii should take over. Time wise wave ii is approaching its limit, ...
0
Wave analysis of GBP / USD for August 8. The pair was stuck near the level of 1.2925
Wave analysis of GBP / USD for August 8. The pair was stuck near the level of 1.2925
Analysis of wave counting:In the course of trading on August 7, the currency pair GBP / USD did not change its exchange rate value and the whole day it traded near the 200.0% of Fibonacci level. A successful attempt to break this mark will suggest a further decline in quotations within the proposed ...
1
USD/JPY Needs to Break Support for Impulsive Wave-C
USD/JPY Needs to Break Support for Impulsive Wave-C
USD/JPY4 hourSource: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive waveThe USD/JPY downtrend channel is now challenging two key support trend lines (blue). The support zone is a critical spot for a bullish bounce or bearish break. A bullish bounce could indicate a larger and expanded wave B, ...
1
Elliott wave analysis of EUR/NZD for August 9, 2018
Elliott wave analysis of EUR/NZD for August 9, 2018
Finally, EUR/NZD broke clear above resistance at 1.7224 to confirm that red sub-wave iii higher towards 1.7510 is developing. Resistance at 1.7510 should not be able to hold back the ongoing rally for long and once cleared the next target to look for is seen at 1.8369 on the way higher to our long-t...
1
Elliott wave analysis of EUR/JPY for August 9, 2018
Elliott wave analysis of EUR/JPY for August 9, 2018
EUR/JPY stopped cold at 129.46, just below important short-term resistance at 129.62. The failure to break above resistance at 129.62 keeps the two possible scenarios alive. We are still slightly in favor of wave ii/ having completed at 128.48 and wave iii/ ready to develop anytime now. If this scen...
2
Wave analysis of EUR / USD for August 7. The pair is ready to proceed to construct a corrective wave
Wave analysis of EUR / USD for August 7. The pair is ready to proceed to construct a corrective wave
Analysis of wave counting:During the trades on Monday, the currency pair EUR / USD lost another 10 percentage points. Thus, the construction of the supposed first wave as part of the future wave 5 downward trend section continues. The wave 4 took a rather complex view, but still completed its constr...
2
USD/JPY Bearish Channel but Price Action Remains Choppy
USD/JPY Bearish Channel but Price Action Remains Choppy
USD/JPY4 hourSource: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive waveThe USD/JPY broke below the support trend line (dotted blue) but the breakout was short as price retraced back to the resistance trend line (red). Overall, price is in a bearish channel at the moment, which seems to be par...
1
Elliott wave analysis of EUR/NZD for August 8, 2018
Elliott wave analysis of EUR/NZD for August 8, 2018
EUR/NZD is once again testing important resistance at 1.7224, but we need a clear break above here to confirm that the next impulsive rally towards 1.7510 is in motion. As long as resistance at 1.7224 is able to cap the upside as long does the possibility for a final drop into the 1.7033 - 1.7066 ar...
0
Elliott wave analysis of EUR/JPY for August 8, 2018
Elliott wave analysis of EUR/JPY for August 8, 2018
EUR/JPY has rallied nicely from the 128.48 low and is ready to test the short-term important resistance at 129.62. This resistance might be spiked, but likely only shortly and then cause a corrective decline to 129.00 before trying to push higher again. To confirm that wave ii/ completed with the 12...
0
Elliott wave analysis of EUR/NZD for August 7, 2018
Elliott wave analysis of EUR/NZD for August 7, 2018
Our preferred count remains that support at 1.7115 continues to protect the downside for a break above resistance at 1.7224 for a continuation higher towards 1.7510 and longer term much higher towards 1.8310. However, as long as resistance at 1.7224 is able to cap the upside, the alternate count doe...
1
Elliott wave analysis of EUR/JPY for August 7, 2018
Elliott wave analysis of EUR/JPY for August 7, 2018
EUR/JPY tested triple support at 128.50, where it made a backtest of the broken resistance-line, which now acts as support. It backtested the broken S/H/S bottoms neckline, which now acts as support too, and finally tested the 61.8% corrective target of wave i/. So the odds for a corrective low for ...
1
EUR/USD Breakout Direction Will Determine Wave Pattern
EUR/USD Breakout Direction Will Determine Wave Pattern
EUR/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive waveThe EUR/USD is testing a critical support trend line (blue) which is decision zone for a continuation of the downtrend or extension of the bullish correction (pink WXY as indicated in the image). A bullish bounce confirms ...
2
Wave analysis of EUR / USD for August 6. The currency pair is ready for a long decline
Wave analysis of EUR / USD for August 6. The currency pair is ready for a long decline
Analysis of wave counting:During the trades on Friday, the currency pair EUR / USD lost another 20 percentage points and continues to build the assumed first wave as part of the future wave 5 of the bearish trend section. The minimum wave d, 4, which indirectly indicates the readiness of the pair to...
0
Wave analysis of GBP / USD for August 6. British pound is preparing to break through July 19 low
Wave analysis of GBP / USD for August 6. British pound is preparing to break through July 19 low
Analysis of wave counting:In the course of trading on August 3, the GBP / USD currency pair lost a few more points and came close to the minimum of the expected wave of 5, 3, a. A successful attempt to break this mark will indicate the readiness of the tool for further reduction and, accordingly, th...
0
Elliott wave analysis of EUR/NZD for August 3, 2018
EUR/NZD failed to break clearly above resistance at 1.7205 once again, which is disappointing. As long as support at 1.7116 is able to protect the downside we will remain slightly bullish, but the failure to break clearly above resistance the 1.7205 - 1.7224 zone does raise the possibility of the al...
1
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