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Daily Wave Analysis

September 02, 2014 - 06:50
EURUSD Price has accelerated its bearish downtrend but is facing a major level (daily bottom (green)). 4 hour EURUSD: The green bottom at 1.30 and the 61.8% Fibonacci target near 1.30 seem to be the most prominent targets for the moment. 60 min EURUSD: GBPUSD The bullish retracement of the bearish swing has been very slow and corrective so far, which is often a clue that a trend could continue (down in this case). 4 hour GBPUSD: A breakout (red arrows) could occur below support (magenta) down to for instance the round number of 1.65 60...
August 31, 2014 - 19:11
EURUSD The daily bottom (green) might provide a support level which pushes price up for wave 4 (orange). 4 hour EURUSD: Price could be in a wave 5 (magenta) of wave 5 (blue) of wave 3 (orange). 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 bearish trend continuation. A break above this level could indicate a higher chance of a bigger retracement (to the upside, retracing the...
August 29, 2014 - 06:35
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 breakout (red arrow) below support (magenta) might take the EURUSD down to the bigger bottom (green line) or Fibonacci level. If the break does not happen, then a wave WXY (blue) is probable to complete 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...
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...

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