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Daily Wave Analysis for 31 October 2014

October 31, 2014 06:03

4 hour EURUSD:

The confirmation of the EURUSD starting its 5th wave (orange) is when price breaks below the bottom (green line).

60 min EURUSD:

One of the most likely alternative wave counts (usually there are multiple…


Daily Wave Analysis for 30 October 2014

October 30, 2014 06:40

4 hour EURUSD:

The EURUSD’s drop during the FOMC statement most likely ended the wave 4 (orange) but a break of the bigger 1.25 bottom (green) would be needed.

60 min EURUSD:

The bearish momentum was strong with a fall…


Daily Wave Analysis for 29 October 2014

October 29, 2014 05:46

4 hour EURUSD:

The EURUSD break of the resistance trend line (orange) could signal the start of the bigger correction up towards the 38.2 Fibonacci retracement.

60 min EURUSD:

EURUSD’s spike up yesterday was most likely…


Daily Wave Analysis for 28 October 2014

October 28, 2014 06:03

4 hour EURUSD:

The EURUSD bounce at wave X (purple) is most likely part the bigger wave 4 (orange) although the bullish price action has been choppy and slow.

60 min EURUSD:
The main trend lines to watch are the support…


Daily Wave Analysis for 27 October 2014

October 27, 2014 05:56

4 hour EURUSD:

The EURUSD bounce at wave X (purple) is most likely part the bigger wave 4 (orange). The main lines to watch are the support (green) and resistance (orange).

60 min EURUSD:

Fourth waves usually take long…