Weekly Forex Overview: Analysis of Major Currency Pairs 2015.03.16
This week's analysis reviews the technicals and fundamentals on the major currency pairs and identifies interesting setups for this week.
Wave Analysis
GBPUSD Breaks Below Massive Monthly Bottom 2015.03.16
4 hour EURUSD: the Fibonacci levels suggest potential bearish targets for the downtrend continuation.
60 min EURUSD: with a new push below the 1.05 bottom the EURUSD could be in a wave 5 (green).
GBPUSD
4 hour GBPUSD: the Cable broke below the big monthly support level at
...USDJPY Uses Broken Resistance Level at 120.80 for 3rd Bounce Up 2015.03.13
4 hour EURUSD: it is possible that the wave 3 (green) has been completed when considering the bullish reaction at 1.05.
60 min EURUSD: the small range with its resistance (orange) and support (green) trend lines could indicate whether price retraces to a higher Fibonacc
...EURUSD Downtrend Reaches 1.05 and Could Complete Wave 3 2015.03.12
4 hour EURUSD: the bullish engulfing twins could be a first and very early indication that the wave 3 (green) is completed. This will depend on whether an extension takes place on the lower time frames.
60 min EURUSD: on the lower time frames a completion of wave 3 (gree
...EURUSD Bearish Targets in Vision When Applying Fibonacci 2015.03.11
4 hour EURUSD: the momentum of wave 3 (green) keeps pushing price lower and lower. The Fibonacci targets of wave 5 suggest that price has more potential to fall as well. Lower time frames could indicate to the potential of a smaller pullback though.
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