Wave Analysis

EUR/USD Reaches 1.1025 after Macron Wins French Presidency


EUR/USD

4 hour

The French Presidential election took place on Sunday 7 May 2017 and saw centrist independent Macron beat far right candidate Le Pen with 66% vs 34%. The result is unique considering that Macron campaigned without a traditional party and with no ex

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EUR/USD Bullish Breakout Approaches 1.10 Resistance on NFP


EUR/USD

4 hour

The EUR/USD broke above the resistance level (dotted red) of the consolidation pattern. There could be a potential uptrend continuation towards the 78.6% Fibonacci level of wave 2 (green) but the 1.10 even level could act as a resistance level.

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GBP/USD Retracement within Bull Flag Chart Pattern


GBP/USD

4 hour

The GBP/USD is building a triangle chart pattern (orange/blue) within the uptrend. A bullish break could see price challenge the 1.30 round level and Fibonacci targets whereas a bearish break could start a larger correction or reversal.

1 hour

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EUR/USD Setups Consolidation Zone Break Aiming for 1.10


EUR/USD

4 hour

The EUR/USD remains in a consolidation pattern which is indicated by the support (blue) and resistance (red) trend lines. A bullish break could indicate a potential uptrend continuation towards the 78.6% Fibonacci level of wave 2 (green) whereas a b

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GBP/USD Triangle Chart Pattern Emerges around 1.29


GBP/USD

4 hour

The GBP/USD is building a contracting triangle chart pattern within a trend channel (red/green) which is taking place in wave C (orange). A bounce at the support trend line (green) could see price continue towards the Fibonacci targets of wave 5 (pu

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