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Daily Wave Analysis

April 24, 2014 - 06:30
EURUSD Now that price has broken above the magenta trend line, there is a decent chance of wave c being completed (purple). 4 hour chart EURUSD: A break (green & red arrows) above the resistance (purple) or below the support (blue) could translate into upside continuation or a lower downside retracement. 60 min chart EURUSD: GBPUSD Five waves could have been completed during the last push up (divergence red line on AO), unless extensions of the uptrend will occur. 4 hour chart GBPUSD: Also on the hourly chart 5 waves in the last 5...
April 23, 2014 - 06:54
EURUSD Price could be making a retracement within an uptrend (blue trend line) for a wave B (purple) of a bigger wave Y (red). 4 hour chart EURUSD: The wave B (purple) could be completed at any of the Fibonacci retracement levels. A break (green arrow) above the resistance (magenta) could occur today or this week. 60 min chart EURUSD: GBPUSD Five waves could have been completed during the last push up (divergence red line on AO), unless extensions of the uptrend will occur. 4 hour chart GBPUSD: Also on the hourly chart 5 waves in the...
April 22, 2014 - 07:10
EURUSD Price could be making a retracement within an uptrend (blue trend line) for a wave B (purple) of a bigger wave Y (red). 4 hour chart EURUSD: The wave B (purple) could be completed at any of the Fibonacci retracement levels. A break (green arrow) above the resistance (magenta) could occur today or this week. 60 min chart EURUSD: GBPUSD Five waves could have been completed during the last push up, unless extensions of the uptrend will occur. 4 hour chart GBPUSD: Also on the hourly chart 5 waves in the last 5 waves could have been...
April 18, 2014 - 07:19
Hello Traders, there is no wave count on Monday the 21st of April due to Easter Monday. Extra warning:  there is a high chance of slow price movements during Friday and Monday due to bank/public holidays in many financial centers. EURUSD Price could be making a retracement within an uptrend (blue trend line). 4 hour chart EURUSD: The upside yesterday was corrective and therefore wave 2 might not be completed. 60 min chart EURUSD: GBPUSD Whether wave 5 (green) has been completed or not needs to be reviewed on multiple time frames but...
April 17, 2014 - 06:38
EURUSD Price could be making a retracement within an uptrend (blue trend line). 4 hour chart EURUSD: An ABC correction could complete wave 2, which in turn might potentially translate into a breakout (green arrows) to higher levels. 60 min chart EURUSD: GBPUSD As expected, the GBPUSD broke to the upside yesterday with lots of momentum. The AO needs to turn before a confirmed divergence is present (now AO is moving up). 4 hour chart GBPUSD: The breakout already occurred during the Asian session, but retracement could see potential...
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