Wave Analysis

GBP/USD crashes below 1.20 2016.10.07


EUR/USD

4 hour

The EUR/USD finally broke below support (dotted green), which indicates that ABCDE (blue) contracting triangle within wave X (purple) is completed. Price could now fall within a wave Y (purple) of wave d (green). The wave d (green) could be invalid

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GBP/USD, USD/JPY move quickly in powerful momentum swings 2016.10.06


EUR/USD

4 hour

The EUR/USD is showing multiple impulses up and down and all together they form a larger consolidation zone (green and red trend lines). An ABCDE triangle chart pattern (blue) is most likely unfolding within wave X (purple) unless price breaks abov

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GBP/USD impulse breaks below 1.28 yearly low 2016.10.05


EUR/USD

4 hour

The EUR/USD made a strong bearish and bullish movement yesterday. The price action however remained part of a large consolidation zone, which is indicated by the support (green) and resistance (red) trend lines. An ABCDE triangle chart pattern (blue) is mo

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USD/JPY breaks major resistance of daily downtrend channel 2016.10.04


EUR/USD

4 hour

The EUR/USD is moving sideways as part of a large consolidation zone, which is indicated by the support (green) and resistance (red) trend lines. An ABCDE triangle chart pattern (blue) is most likely unfolding within wave X (purple) unless price br

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US Dollar breakout to confirm or invalidate key levels 2016.10.03


EUR/USD

4 hour

Support and resistance (S&R) levels remain key. The EUR/USD remains in a contacting ABCDE triangle chart pattern (blue) unless price breaks above the invalidation level (pink). A break below support (green) indicates that a wave Y (brown) is mo

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