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Daily Wave Analysis

September 16, 2014 - 06:40
EURUSD Price is making a bear flag (green lines) within two downtrend channel (blue and purple lines).   4 hour EURUSD: Adding to the chart are Fibonacci time percentages to have a better grasp when the wave 4 potentially could complete. The trend remains bearish as long as price stays in the downtrend channel (blue). A breakout (red arrows) could occur if price breaks below the support (green) trend line. 60 min EURUSD: GBPUSD The GBPUSD seems to have completed a wave 3 (magenta) and is making a wave 4 (magenta) retracement. 4 hour...
September 15, 2014 - 08:09
EURUSD Price is making a bear flag (green lines) within the downtrend (blue lines).   4 hour EURUSD: The wave 4 is taking longer than expected but the trend remains bearish as long as price stays in the downtrend channel (blue). A breakout (red arrows) could occur if price breaks below the support (green) trend line. 60 min EURUSD: GBPUSD The GBPUSD seems to have completed a wave 3 (magenta) and is making a wave 4 (magenta) retracement. 4 hour GBPUSD: The Fibonacci targets and retracements will most likely be the turning spots for...
September 12, 2014 - 06:46
EURUSD Price is pausing with the downtrend after it hit the bottom of the channel (blue).   4 hour EURUSD: Price made a retracement to the 38.2% Fibonacci of wave 4 (light blue). A breakout (red arrows) could occur if price breaks below the support (green) trend line. 60 min EURUSD: GBPUSD The Awesome Oscillator has retraced back to the middle line (center), which indicates that a retracement could be completed in the near future. 4 hour GBPUSD: Price could not break the 38.2 Fibonacci retracement so far of potential wave 4 (red)....
September 11, 2014 - 06:36
EURUSD Price is extending towards the wave 3 (orange) targets; the next could be the 200% level and the bigger monthly bottom (green) at 1.2750. 4 hour EURUSD: Price made a retracement to the 38.2% Fibonacci of wave 4 (light blue). A breakout (red arrows) could occur if price breaks below the support (green) trend line. 60 min EURUSD: GBPUSD The Awesome Oscillator has strong bearish momentum (histograms are far below middle line), which indicate that more bearishness is to be expected although retracements can always occur. 4 hour GBPUSD...
September 10, 2014 - 06:46
EURUSD Price is extending towards the wave 3 (orange) targets; the next could be the 200% level or the bigger monthly bottom (green) at 1.2750. 4 hour EURUSD: Price made a retracement yesterday what could be part of a wave 4 (light blue). If price breaks above the 38.2 Fibonacci retracement (4vs3) then a completion of wave 3 (orange) at the most recent bottom is likely. 60 min EURUSD: GBPUSD The Awesome Oscillator has strong bearish momentum (histograms are far below middle line), which indicate that more bearishness is to be expected...
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