Wave Analysis

Forex Market Waiting for Trend Line Breakouts 2015.11.13


EUR/USD

4 hour


The EUR/USD is in a wave 4 (brown) correction. The wave count will be changed if price manages to break above the horizontal resistance (red).

1 hour

The EUR/USD has expanded the chart pattern from a contracting triangle to a bear flag formation. A break o

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GU Bear Flag, EU Triangle, and UJ Bull Flag 2015.11.12


EUR/USD

4 hour

The EUR/USD is in a wave 4 (brown) correction. The wave count is invalidated if price manages to break above the horizontal resistance (red).

1 hour

The EUR/USD is showing a contracting triangle formation (orange/green). A break below support could see pri

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Forex Majors Retrace Back to Wave 4 Fibonacci Levels 2015.11.11


EUR/USD

4 hour

The EUR/USD is in a wave 4 (brown) correction. The wave count is invalidated if price manages to break above the 50% Fibonacci retracement level.

1 hour

The EUR/USD is back at the top of the channel near the resistance trend line (orange), which is a bounc

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Wave 4 Corrective Phases in Forex Market 2015.11.10


EUR/USD

4 hour

The EUR/USD bounced at the bottom of the downtrend channel and is making a bullish correction, which is marked as wave 4 (brown). The resistance zone (red), trend line (orange) and Fibonacci levels are potential turning spots for the conclusion of wave 4.

1

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USD/JPY Breaks Resistance of Consolidation Zone 2015.11.09


EUR/USD

4 hour

The EUR/USD is in a neat downtrend channel marked by the orange and blue trend lines. Divergence is present (purple) but one more wave 4 (brown) bullish correction and wave 5 bearish impulse is expected.

1 hour

The EUR/USD broke below the support trend lin

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