Hello Traders , please click on all the pinned charts to see how it is possible to use wave analysis to forecast the charts.
My last EURUSD chart suggesting long entry was about 4 months ago, which took longer and retraced more than originally anticipated. Whilst we were waiting for longer term bullish move, we took 2 short trades which were also published subsequently, see chart links below. Now we have long awaited low formed in December 2015 just above March 2015 low, which could...
Tomorrow morning at 8:30a ET, the US Non Farm Payroll report is scheduled to be released. This could impact the EURUSD as the USD has been strengthening on the heels of a strong payroll report in November. With today's post -ECB move knocking on the door of 1.1090, we have a critical level of which we can consider trading around. First off, if prices remain...
In my last chart (link below) a retracement bounce with target of 380 zone did not play out as anticipated even though we have now bumping into 340 zone. During this period with both up and down swings, many chartists using differing methods are suggesting that we have formed a major low and are now in new "Bullish Cycle". Several have asked if there is any...