wavefxacademy

wavefxacademy

Market has broken channel to the upside, and we’re also seeing rejection of the 38.2 Fibonacci level coming from the recent bearish impulse. Given this scenario, should we see price action finding its way below 1.2800 we could see a bearish market continuation down to 1.2500. With the US Dollar index still showing signs of weakness, I will still be Long the...

wavefxacademy

Hi Traders, here is my analysis for CADJPY Technical Analysis: Monthly Timeframe: Strong Downtrend market is active on monthly with price action forming a downtrend channel , with price rejecting a key resistance level . Ideally we should be expecting this trend to continue. Weekly Timeframe: Downtrend market structure also clear on the weekly timeframe ,...

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Hi Traders, here is my analysis for GBPJPY Monthly Downtrend (market created double bottom and currently pushing higher. Weekly downtrend ( market within a corrective WXY pattern. We have completed X and looking to complete the Y wave lower. Target yearly lows.) Daily Market is also in a downtrend, though we’ve been seeing the pound on a rally since mid June....

wavefxacademy

Hi Traders, here is my analysis for EURUSD Technical Analysis: Monthly Timeframe: Strong Downtrend market is still evident on the monthly Timeframe with price action consolidating beneath a strong resistance level as well. Though Price has broke out and close above the trendline resistance, I would be very cautious with opening Long position from these highs...

wavefxacademy

Trading View Analysis Template Hi Traders, here is my analysis for EURGBP Technical Analysis: Monthly Timeframe: Market has been consolidating for the past 4 years, holding the lows of 0.8300 and highs of 0.9300 as string support and resistance respectively. The current market structure shows where this consolidation may be the wave 2 correction, with a...

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Hi Traders, here is my analysis for EURNZD Technical Analysis: Market has been gradually progressing higher over the past couple of years. Recent Price Action from a monthly perspective shows we’ve broken above a strong resistance zone at $1.77 now also acting as strong support. It's a strong possibility to see price action in the $1.86 region based on the...

wavefxacademy

Hi Traders, here is my analysis for the EURCAD On Daily Timeframe we are seeing where the market have broken out of its 3 month consolidation, with a strong bullish impulse to the upside, hitting March’s highs in the process. Price action also corrected to 61.8% of the impulsive from the breakout. This is also corresponding with the trend channel acting as...

wavefxacademy

Trading View Guide: Hi Traders, here is my analysis for the US Dollar (DXY). In my earlier post on the weekly analysis you would identify where we are in what appears to be the corrective 4th wave of the super cycle for the dollar, and I was anticipating a further movement lower to complete the cycle. Observing the daily timeframe we can see where price has...

wavefxacademy

Hi Traders, here is my analysis for EURUSD We should start to see some strength coming in the dollar as the market starts to rally from its 6week sell off. The market however is still showing signs of maintaining its uptrend from a 4Hr perspective as price as continuously respect its trend support and retesting the weekly highs. This is due to the Euro still...

wavefxacademy

Hi Traders, here is my analysis for this pair. I'll be expecting a small correction in the market before the rally to the upside with possible bullish momentum entering the market. Like and Comment your thoughts . All feedbacks are welcomed. An entry will be taken only if all rules of my strategy are satisfied. Add this pair to your watchlist and see if the...

wavefxacademy

Hi Traders, here is my analysis for this pair. Initially I had a short bias on this pair, however, as traders we must always try to be proactive. based on market conditions and with price failing to close below Daily support "C", thus creating a double bottom in the process. I'll be expecting possible bullish momentum entering the market. I've labeled the areas...

wavefxacademy

Hi Traders, here is my analysis for this pair. Though I was anticipating an impulse into the 0.9550 area, we saw where price pushed higher to test weekly resistance before the initial sell off. I've labeled the areas based on what I will be anticipating. Like and Comment your thoughts . All feedbacks are welcomed. An entry will be taken only if all rules of my...

wavefxacademy

Hi Traders, here is my analysis for this pair, Comment your thoughts or like if you agree. All feedbacks are welcomed. An entry will be taken only if all rules of my strategy are satisfied. Add pair to your watchlist and see if the rules of your strategy provides an entry.

wavefxacademy

Hi Traders, here is my analysis for this pair, Comment your thoughts or like if you agree. All feedbacks are welcomed. An entry will be taken only if all rules of my strategy are satisfied. Add pair to your watchlist and see if the rules of your strategy provides an entry. Overall Trajectory of the market is still short.

wavefxacademy

Hi Traders, here is my analysis for this pair, Comment your thoughts or like if you agree. All feedbacks are welcomed. An entry will be taken only if all rules of my strategy are satisfied. Add pair to your watchlist and see if the rules of your strategy provides an entry.

wavefxacademy

Hi Traders, here is my analysis for this pair, Comment your thoughts or like if you agree. All feedbacks are welcomed. An entry will be taken only if all rules of my strategy are satisfied. Add pair to your watchlist and see if the rules of your strategy provides an entry. My Bias is short, however, I'll be expecting a small move to the upside before that drop.

wavefxacademy

Market played out exactly as anticipated. Now we can start start looking for opportunities to take a short trade to continue with the overall trend of the market, based on the analysis that was posted previously.

wavefxacademy

DXY Weekly Outlook. Overall overview of the dollar is weak, however, I would be expecting a soft rally over the next few weeks many even a couple months too. We would have completed the BWave correction and moving lower to complete CWave, thus ending the 4th Wave of the Grand Cycle. Short term we may see strength coming in the dollar but overall we should...