Technical Analysis

EUR/USD Looks Stronger After Trump's Speech


The EUR/USD failure to break below the bearish Wolfe Wave that was indicated on Friday was caused by Trump's protectionist speech that weakened the USD. He also failed to provide any strong cues regarding infrastructure spending. Technically that failure to go below 1.0590 was the clear indication that the sentiment...


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US Dollar Correction Approaches Support Confluence


The EUR/USD uptrend is starting to resemble a rising wedge chart pattern. The video discusses potential entries as price is approaching key resistance Fibonacci level. The USD/JPY is also reviewed for long setups at the Fibonacci retracements. The GBP/USD and AUD/USD are also analysed for their potential price action this...


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EUR/USD Long Bearish Wolfe Wave Confirmed


The EUR/USD is slowly moving, waiting for investor action on Trump's speech and inauguration. Due to potential volatility later today we might see investors moving to protect their money. On the EUR/USD intraday chart we see a strict bearish Wolfe Wave with clearly defined 1-3 wave. In Wolfe Wave analysis...


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GBP/USD POC Zone is 1.2250-75


The spike that was caused after Theresa May's conference was successfully faded as we predicted in the previous GBP/USD coverage. However it has been clear that 1.2250 is very important support and that it needs to break for further bearish continuation. However if GBP/USD keeps above 1.2250-75 (Bullish order block,...


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USD/JPY Bullish Wolfe Wave Confluence with ATR


The USD/JPY is recovering from a recent drop and we can see a bullish structure forming on intraday time frame. The structure is a bullish Wolfe Wave where point 4 is between point 1 and 2 and that accounts for a strict bullish Wolfe Wave. Breakout of 113.45 could be...


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