Wave Analysis

EUR/USD, USD/JPY Complete Wave-1 and Retrace for Wave-2


EUR/USD

4 hour

The EUR/USD broke above the multiple key resistance levels (dotted lines) of the bearish trend channel. Price seems to have completed a bearish wave 1 (purple) and is now retracing back for a wave 2 (purple). The Fibonacci levels of wave 2 (purple) co

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EUR/USD Breaks above Bearish Channel but Faces Wave-4 Fibs


EUR/USD

4 hour

The EUR/USD broke above the resistance (dotted red) of the bearish trend channel but still has horizontal resistance (red/brown) nearby. A break above the bottom (brown) of wave 1 (blue) and 61.8% Fibonacci retracement of wave 4 vs 3 invalidates th

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USD Bullish Momentum in Between Fibs and Trend lines


USD/JPY

4 hour

The USD/JPY has broken multiple resistance levels (dotted orange) and is continuing with its uptrend within wave 3 (blue). A bullish channel (red/green) is visible at the moment: a break above resistance (red) could see an acceleration of the trend

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EUR/USD Builds Classical Bearish Trend Channel towards 1.05


EUR/USD

4 hour

The EUR/USD is building a bearish trend channel (red/green line). Price should reach the 161.8% Fibonacci level of wave 3 (blue) before breaking the resistance (red) otherwise the channel is invalid. The angle of the support trend line (blue) is su

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GBP/USD Retraces to 61.8% Fibonacci Level of Wave-2


GBP/USD

4 hour

The GBP/USD is probably building an ABC (blue) zigzag as part of a wave 4 (purple). The support (green) and resistance (orange) trend lines are showing a contracting triangle chart pattern, which is critical for a potential breakout towards the larg

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