Wave Analysis

EURUSD & GPBUSD Build Wave 2 Retracement 2015.09.28


EUR/USD

4 hour

The EUR/USD bounced a 3rd time at the support trend line (green) to stay within the boundaries of the wave 2 (brown). There is a chance for price to pullback deeper within that wave 2 towards the 61.8% or the 78.6% but a break above the top (100%) invalida

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ABC Correction Pushes EURUSD Towards 50% Fib 2015.09.25


EUR/USD

4 hour

The EUR/USD saw a bullish retracement yesterday as part of wave 2 (brown). Price stalled at the 50% Fibonacci retracement level.

1 hour

The EUR/USD completed a bullish ABC correction but the pair is showing the potential for a bearish ABC correction (blue)

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GU Extends Descend and UJ Prolongs Contracting Wedge 2015.09.24


EUR/USD

4 hour

The EUR/USD is showing bullish 4 hour candles which could indicate that wave 1 (brown) has been completed and price is retracing for wave 2 (brown). Price has already hit the 38.2% Fib but on average waves 2 retrace deeply.

1 hour

The EUR/USD had a volatil

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EU & GU Break Long-term Support Trend Lines 2015.09.23


EUR/USD

4 hour

The EUR/USD broke the support trend line (dotted green) most likely as part of a wave 1 (brown). The bearish price action is probably part of a bigger wave 3 or C (green). A wave 3 would certainly need to break below the bigger weekly support zone (solid g

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EUR/USD and GBP/USD Head Lower in 5 Bearish Waves 2015.09.22


EUR/USD

4 hour

The EUR/USD is still in a bullish angled channel (trend lines) but the bearish price action occurred in 5 waves which is most likely part of wave 1 or wave A (both green). A break of the support trend line (green) would confirm the completion of wave 2/B (

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