AU Tel: +61 (0) 28 005 7774 | support@fxservice.com

Daily Wave Analysis

July 29, 2014 - 07:12
EURUSD A break below 1.3425 would break the 138.2% Fibonacci level of wave X (vs wave W) and the alternative count would most likely be a wave 3 (both blue). 4 hour EURUSD: Price is moving down in a well balanced down trend channel (orange) and potential break outs (red arrows) could occur. 60 min EURUSD: GBPUSD A bearish impulsive 12345 seems to be unfolding as price approaches daily support at +/- 1.6950 (green line). 4 hour GBPUSD: A break (red arrows) could occur if price manages to break below the support levels. 60 min GBPUSD:...
July 28, 2014 - 06:49
EURUSD Whether wave 5 (dark red) could complete a wave C (magenta) or a potential wave 3 is an important development to monitor. The break below the 1.618%, which is the usual target for a wave C, starts to favor a wave 3 scenario. 4 hour EURUSD: Price is moving down in a well balanced down trend channel (orange). 60 min EURUSD: GBPUSD The break below 1.7040 (red-green) changes perspectives: the wave count now shows wave 5’s as completed at the top. 4 hour GBPUSD: An impulsive 12345 (dark red) could potentially complete wave 5 (...
July 25, 2014 - 07:00
EURUSD The break of the 1.35 support level is the first time price has moved outside of the 1.35-1.37 zone since the end of May. However despite the break, there is a decent chance that wave 5 (dark red) has been completed with yesterday’s fall. 4 hour EURUSD: If wave 5 (dark red) is not finished, then the Fibonacci levels could be the targets. 60 min EURUSD: GBPUSD The break below 1.7040 (red-green) changes perspectives: the wave count now shows wave 5’s as completed at the top. 4 hour GBPUSD: An impulsive 12345 (dark red)...
July 24, 2014 - 08:55
EURUSD The break of the 1.35 support level is the first time price has moved outside of the 1.35-1.37 zone since the end of May. The 1.3450 level is an important Fibonacci level. 4 hour EURUSD: The wave 4 (red) of the wave 5 (dark red) seems to be unfolding now. The wave 4 (red) should not cross back into wave 1 territory if the wave count is correct. 60 min EURUSD: GBPUSD The break below 1.7040 (red-green) again changes perspectives. For the moment the wave count shows a wave 5 of 5 of 5 as completed at the top. 4 hour GBPUSD:...
July 22, 2014 - 07:06
EURUSD Price seems to have completed an ABC correction at approximately the 1.35 support level (green line).  4 hour EURUSD: The waves 4 and 5 (dark red) seem to be completed and price could be heading towards wave Y (blue). 60 min EURUSD: GBPUSD Price is either making an extension of wave 5 (green) or potentially completing the uptrend at this point. As long as price remains above the broken monthly resistance of 1.7040 (red-green), price remains in bullish territory. 4 hour GBPUSD: The uptrend has been replaced by a sideways zone...
X
Loading