Wave Analysis - MTrading
+61 (0) 28 005 7774    Contact Us

Daily Wave Analysis for 23 October 2014

October 23, 2014 06:16

4 hour EURUSD:

The EURUSD break of the support trend lines (greens) could indicate a completion of wave 4 (orange) at the most recent top. In most cases however, wave 4’s take longer to compete in terms of time, which is the reason that price could be expanding a correction with WXY (purple).


Daily Wave Analysis for 22 October 2014

October 22, 2014 05:56

4 hour EURUSD:

The EURUSD consolidation could take long before its completed because waves 4 (orange) are usually the longest waves in terms of time.

60 min EURUSD:

The EURUSD is in a range (orange and green trend lines)…


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…