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Daily Wave Analysis for 20 October 2014

October 20, 2014 15:55

4 hour EURUSD:

The EURUSD is correcting to higher levels as part of a wave 4 (orange).

60 min EURUSD:

Price could be in an ABC zigzag (green) to complete the wave 4 (orange).

GBPUSD


Daily Wave Analysis for 17 October 2014

October 17, 2014 06:36

4 hour EURUSD:

The EURUSD is breaking resistance zones and correcting to higher levels, which is most likely part of a wave 4 (orange).

60 min EURUSD:

Price could be in an ABC zigzag (green) to complete the wave 4 (orange).

GBPUSD


Daily Wave Analysis for 16 October 2014

October 16, 2014 06:11

4 hour EURUSD:

The EURUSD did indeed, as anticipated yesterday, bounce for a major rally at the wave X (magenta) level. This is most likely a wave Y (blue) of a wave 4 (orange),which usually ends at the 38.2 Fibonacci retracement level (blue).

60…


Daily Wave Analysis for 15 October 2014

October 15, 2014 05:48

4 hour EURUSD:

The EURUSD is in a sideways correction, which is most likely a wave Y (blue) of a wave 4 (orange). Usually waves 4 end at the 38.2 Fibonacci retracement level and hence I am expecting that price is still in wave Y’s (blue and magenta).


Daily Wave Analysis for 14 October 2014

October 14, 2014 05:52

4 hour EURUSD:

The EURUSD could be in a wave Y (blue) to complete wave 4 (orange) at most likely the 38.2Fibonacci retracement level.

60 min EURUSD:

Price is a wedge with resistance and support trend lines on both sides…