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Daily Wave Analysis

August 28, 2014 - 06:55
EURUSD Price has reached the minimum wave 3 (orange) target (100%) – although usually wave 3’s tend to get lower such as the 161.8% Fibonacci target (green). 4 hour EURUSD: The break out of the downtrend channel (orange) could be short lived as price faces Fibonacci retracement levels for a potential wave 4 (magenta). 60 min EURUSD: GBPUSD A 5-wave structure seems to be complete, which means a retracement of the entire swing high and swing low could occur. 4 hour GBPUSD: Wave 3 (dark red) is the invalidation level for a...
August 27, 2014 - 07:10
EURUSD Price has reached the minimum wave 3 (orange) target (100%) – although usually wave 3’s tend to get lower such as the 161.8% Fibonacci target (green). 4 hour EURUSD: Yesterday price managed to break the bear flag (blue lines)  to the downside. If price does make a retracement then it could be for a wave 4 and 5 (magenta). 60 min EURUSD: GBPUSD A 5-wave structure seems to be complete, which means a retracement of that swing high and swing low could occur. 4 hour GBPUSD: If the downtrend does continue, then wave...
August 26, 2014 - 06:52
EURUSD Price has reached the minimum wave 3 (orange) target (100%) – although usually wave 3’s tend to get lower. 4 hour EURUSD: The weekly support (green) is near 1.31 but it seems like waves 5 (magenta and blue) are near completion.   60 min EURUSD: GBPUSD A 5-wave structure seems to be complete, which means a retracement of that swing high and swing low could occur. 4 hour GBPUSD: If the downtrend does continue, then wave count will get extended (wave 3 (dark red) will become wave 1 of a lower degree (without price...
August 25, 2014 - 07:27
EURUSD Price has reached the minimum wave 3 (orange) target (100%) – although usually wave 3’s tend to get lower. 4 hour EURUSD: Price has reached the 61.8% target of wave 5 (blue). If price continues with its down trend, then the next target could be at 1.31 (green) – 1.3123 (78.6% Fibonacci). 60 min EURUSD: GBPUSD Five waves (purple) down of bigger wave 5s seem to be complete, which means a retracement could occur. 4 hour GBPUSD: If the downtrend does continue, then wave count will get extended (wave 3 (dark red)...
August 22, 2014 - 06:58
EURUSD Price reached the bottom of the downtrend channel (orange) and could retrace for a wave 4 (orange). 4 hour EURUSD: Price could be in a retracement for wave 4, which often sees a turnaround at the 38.2% Fibonacci retracement level (1.33). 60 min EURUSD: GBPUSD The GBPUSD is completing a bearish wave 5 (magenta). 4 hour GBPUSD: Price seems to have completed 5 waves (red) which means a retracement could occur. 60 min GBPUSD: USDJPY The USDJPY is reaching the top of the consolidation (thick red line). A break above it could change...

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