The pound against the yen is looking for a bottom from which to climb
By looking at the GBPJPY daily chart, we find that the pair is trading within the Wolf Waves formation and seeks to achieve point number 5 before trying to climb again.
Therefore, we believe that the pair will witness a decline towards 159 levels, which represents the 161% Fibo correction of...
Gbpjpy has been formed a wolfe waves and we can see a clear reverse , now the price is above the moving average 100 and above the strongest pivot level so we are expecting it for more long to form the shark pattern
Gbpusd has been formed a clear wolfe waves so we are expecting it for short with stoploss 1.20700 , targeting 1.12000 , and it seem that the fifth wolfe wave will form head and shoulders before droping
The EUR/USD pair is trying to resist the change of course
Looking at the EUR/USD pair within the Wolfie Waves analysis
The Eurodollar pair is trading within the Wolff line formation, waiting for point 5 to complete, and it is likely to complete between 161% and 224% Fibo levels, as a correction for point 5 from 3-4.
Therefore, in a nutshell, if the Eurodollar...
Usdcad in 2h time frame has been formed wolfe waves and we can see a clear rejection from the fifth wave at 1,618 fibonacci so we expect it for more long targeting 1,3600 and the stop loss will be 1,3200
Gold daily timeframe is approaching an important resistance area
Where gold is close to colliding with the resistance of the alternate path that it has been moving in since September.
In addition to the 100-day moving average, which represents resistance in front of gold to rise.
Therefore, we believe that gold will witness a correction from the package shown in...