Wave Analysis

Bullish EUR/USD, GBP/USD Test Resistance Fibonacci Levels


EUR/USD

4 hour

The EUR/USD is probably in an extended correction within wave 4 (blue) when considering the sideways price movement between support (green) and resistance (red). Currently I'm expecting a longer wave Y (red) because from a time perspective the cur

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EUR/USD Bearish Break of Rising Wedge during FOMC Statement


EUR/USD

4 hour

The EUR/USD broke the rising wedge chart pattern as mentioned in yesterday's headline. Price broke below the support trend line during the FOMC statement and interest rate decision by the Federal Reserve in the US. The bearish fall is confirming t

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EUR/USD Rising Wedge Struggles with Bullish Break at 1.20


EUR/USD

4 hour

The EUR/USD respected the 78.6% Fibonacci resistance level of wave X vs W. Price could be building an extended WXY (red) correction within wave 4 (blue) unless price shows strong bullish candles once breaking above the resistance trend lines.

1 h

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GBP/USD Bullish Bounce within Uptrend at 61.8% Fibonacci Level


GBP/USD

4 hour

The GBP/USD made a pullback within the larger bullish momentum and could now be continuing higher as part of the wave 3 (blue). The resistance line (orange) is a potential resistance from the daily chart.

1 hour

The GBP/USD bearish retracem

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GBP/USD Bull Flag Continuation Chart Pattern Targets 1.3750


GBP/USD

4 hour

The GBP/USD bullish momentum is strong and probably part of a wave 3 (blue). The resistance line (orange) is a potential resistance from the daily chart.

1 hour

The GBP/USD is building a bull flag chart pattern (red/blue), which is a contin

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