GBP/JPY rolls back after it breached the support level of 131.71. However, the viewpoint is bearish as GBP/JPY is traded in downtrend. Earlier on a 4-hour chart, GBP/JPY has formed the combination of candlesticks Bearish Engulfing, thus...
According to wave count this currency pair has just ended daily corrective wave B (colored royal blue on the chart). To confirm wave C break above 135.03 is needed. If the price breaks below 130.78 it means...
As wave count shows this currency pair is trading in daily corrective downwave B – colored royal blue on the chart. Within this wave there’s a set of 3 subwaves – colored magenta – with wave still...
On a 4-hour chart, the USD/CAD currency pair shows high volatility. At present, the viewpoint is neutral. As it was mentioned before, the fact that the USD/CAD has broken through the resistance level of 1.0360, probably means...
According to wave count this currency pair is now trading in corrective waves (B) of various degrees. First, there is daily wave B down, starting from 135.03 (colored royal blue on the chart), then there’s subwave B...
Earlier at 4-hour graph the EUR/USD pair has formed the Shooting Star candlestick which gives a bearish sign. This candlestick formed after that the currency pair had made a huge upward motion, but a breakthrough failure of...
According to wave count this currency pair is now developing impulse wave C of the corrective A-B-C cycle. This cycle is considered a corrective wave to the impulse 127.62-135.03. The nearest targets below the current level are...
According to wave count AUD/USD is now developing wave C of the med term uptrend (waves colored magenta). Within this wave C we already have a set of A-B-C waves (colored red) of smaller degree, that give...
Support levels: 1.0212, 1.0101, 1.0050Resistance levels: 1.0369, 1.0511,1.0569At 4-hour graph the USD/CAD currency pair made a huge rollback upwards from the support level near 1.0212. The view on the currency pair remains bearish, as the downside trend...
According to wave count this currency pair has just developed wave C of the daily downtrend and thus the whole downside movement from 137.75 (weekly wave A). The current upside movement is considered weekly corrective wave B.
