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Daily Wave Analysis for 19 December 2014

December 19, 2014 04:20

4 hour EURUSD:

The EURUSD’s strong fall yesterday could indicate the reemergence of the downtrend but at the moment the most likely wave count is still a wave X (blue) as an expansion of the bigger wave 4 (green) correction.

60…


Daily Wave Analysis for 18 December 2014

December 18, 2014 04:22

4 hour EURUSD:

The EURUSD’s strong fall yesterday could indicate the reemergence of the downtrend but at the moment the most likely wave count is still a wave X (blue) as an expansion of the bigger wave 4 (green) correction.

60…


Daily Wave Analysis for 17 December 2014

December 17, 2014 04:23

4 hour EURUSD:

The EURUSD pushed up yesterday towards the 23.6 Fibonacci retracement of wave 4 (green). The ABC correction (magenta) could be part of wave W (blue).

60 min EURUSD:

There was a bullish break…


Daily Wave Analysis for 16 December 2014

December 16, 2014 04:07

4 hour EURUSD:

The EURUSD could have completed the big wave 3 (green) although more confirmation is needed before the probability of a wave 4 (green) underway has increased.

60 min EURUSD:

The bullish momentum…


​Daily Wave Analysis for 15 December 2014

December 15, 2014 04:02

4 hour EURUSD:

The EURUSD has pushed above the down trend channel (orange) but did not manage to break last week’s high (red). It remains to be seen whether waves 5 (blue and magenta) are completed or whether the bullish momentum is a retracement for more downtrend.