In continuation of the analysis for this currency, and in the chart of 240 -minutes, the price has been able to reach the range of 126.65 with 5 ascending waves. Also, it has entered the corrective phase of this uptrend. Since the price is located in wave iii and from its sub-waves located in 2nd wave, we may probably encounter a short corrective movement and then...
In some cases we can't offer long-term analysis,we have to take short term targets in to our consideration.In presented chart everything is clear , according to the Diagonal pattern the probability of down trend formation up to the determined line is existing
With the breaking out of the downtrend line in the weekly chart, the Ending Diagonal pattern has been completed and the price is completing the first uptrend in the daily chart, which can be extended up to the target of 1.3948. In addition, we must note as long as the price does not cross the range of 1.4377, we cannot comment on the uptrend with certainty. in...
EURUSD – the end of the downtrend and advent of the uptrend with the initial target of 1.2459 In the daily chart, the first uptrend is completed in the range of 1.2555 and the second wave is completed as a Complex pattern in the range of 1.06359. The price is currently making the first wave from point 3, which could continue to the target of 1.2495. (Daily Chart...
( Weekly Chart ) At the end of November, we returned to the weekly chart to see the general trend. By drawing the trend line, it became clear that the downtrend line has been broken, in this case, we should not think about the downtrend at all! Also, the structure of the ending-trend waves is in a 3 -wave format, which represents the Diagonal pattern, and due to...
USDCAD We still believe in the Expanded Flat pattern. This analysis is violated if the price exceeds the range of 1.2928.
Note these targets has concluded by using the Fibonacci Expansion. With the end of the 4th major wave in the range of $ 80.96, the upward trend has started in the 5th wave, which is also the reason is the price increase to the 363.29 range with 5 ascending waves. In Wave 2, we faced a very deep corrective movement, which is a very important point. With the end of...
By monitoring the 240-minute chart, the existed scenario is that the price located in the sub-waves of 3rd wave, which can be extended up to the range of $ 1651, and in continuation with the corrective movement in the 4th wave, the 5th wave will be ended in the range of $ 1597.
GBPUSD – There is the sign of probability of completing the corrective uptrend The range 1.3482 is a very important range for us, which by crossing the price from this range, we will encounter changing the trend. Currently, according to Fibonacci percentages, there is a scenario that wave 2 has ended in the range of 1.3398. The first confirmation for the advent of...
In my opinion, in a not too distant future, Bitcoin will reach the price range of $ 167,000 to $ 225,000, and this guestimate is not out of reach when the valued banks are also talking about the $ 300,000 movement range. Due to this, new customers will be attracted to the market, which eventually increases the liquidity and demand for purchases, due to limited...
EURUSD - Ending Diagonal pattern and the probability of completing the uptrend in wave B. In 240-minute chart at 5th wave from C point, it is likely that the price is forming a Diagonal Pattern, which by ending of that, a large downtrend will be started. According to the current wave count, only 3 waves of this pattern have been completed and this is the only...
The upcoming pattern is too rare, the analysis may confront error. If the pattern is detected correctly, we should wait for the price to rise to the level of 0.9296 as an initial target. We will get the confirmation of this pattern, when the price crossing the range of 0.9147.
The structure of the downtrend which has been started from the range of 1.3420, has finished in the range of 1.2928 which is in the form of 3 waves. Given this trend, we will probably have a 5-wave uptrend in C-wave, which could be extended up to the target of 1.3523. If the price crosses the range of 1.2928, this analysis will be violated. In case the price...
by the price crossing the range of $ 1851, and the confirmation of the downtrend and the completion of the “b “wave in the range of 1899.05 has been received. The targets of the downtrend are in the range of $ 1760
In the previous analysis, there was a scenario that an uptrend would take shape. Over time, by the wave count changes, the Triangle Pattern in wave 4 has formed. The range of 1.6100 to 1.6050 could be the primary targets
In the 60-minute chart, the divergence in MACD and RSI is quite clear, and also the 3-wave structure of the sides shows the Diagonal pattern. By crossing the price from the range of 0.6878, which is the end of the 4th wave of this pattern, we can get the confirmation for the downtrend and the targets of 0.6795 and then 0.6700 price level.
There are many scenarios for this currency in the daily and weekly charts, but the current pattern in the 240-minute chart is Expanded Flat, which can be extended in the up the range of 0.9275 to 0.9387. It should be noted, this is a corrective movement of wave 4, after the completion of correction, the downtrend will begin in the last wave If the price exceeds...