As EURUSD is pushed out of the daily supply zone, it may come down into the weekly demand zone. So far, the pattern has rebounded after a downward wave was created in a very tight section, but it looks like a correction pattern. Because it is the last pattern of correction, the downward wave remains.
Gold continues to rise without rebounding in the weekly demand zone, but it can rise significantly only when it returns to the weekly demand zone. I think this is correction time. After the correction is over, you can consider buying after next week.
GBPUSD has a weekly demand zone below the daily supply zone above. If the rebound fails in the weekly demand zone, there will be a monthly correction process, so you must succeed in rebounding so that it can propagate as an upward wave in the upper time period.
A pattern is being created for USDJPY to return to the weekly supply zone. If the first support line of the daily uptrend is drawn below, it is very likely. In particular, I think that DXY will be able to stop the daily downtrend. At least a weekly revert will come.
DXY's daily downtrend continues. However, a pattern is forming in which the downtrend may soon stop. As shown in the chart, if it moves above the blue support line, there may be a weekly uptrend. If not, it will act as a resistance line again and if it comes down, the downward wave will continue. So I think it's a very important position.
USDJPY could be the last leg of a running flat pattern since the daily bullish pattern failed. Therefore, it seems that the daily downtrend will start again. The goal is to break the geographic line of the last weekly uptrend, and a bearish trend is expected by the end of the year.
This is the second scenario. USDCAD has broken its daily uptrend support line, so a weekly correction process may begin from now on. Then we might have to look at the correcction process on a larger time frame. It will decline until the end of the year, show a weekly rebound early next year in the monthly demand zone, and then decline again from February. Of...
This analysis is the 2nd scenario. If the daily uptrend continues, we may use a larger time frame. This is a scenario in which weekly correction occurs at the beginning of next year after rising by the end of the year.
USDCAD pattern is changed and updated. After one more drop, it's likely to rise again. And then it seems to come down to the monthly demand zone. And the big rise will continue next year.
Since the Nasdaq rebounded from the weekly demand zone, it could rise near the monthly supply zone. It will be a running flat or expanded flat pattern in a W-X-Y pattern.
The S&P 500 is creating a very large correction pattern. When the market reaches the monthly supply zone, a large W-X-Y structure running flat pattern is completed, and when it stays below the red line, a downward wave is initiated. In order to make the last correction pattern, a rebound is needed near the weekly demand zone, and it seems that it will be able to...
USDJPY may rebound from the daily demand zone after the first 4-hour uptrend ends, followed by a second 4-hour uptrend. If so, there will be a daily bullish pattern reaching the weekly supply zone next week. Then, it seems that it will decide whether to ride the weekly downtrend or whether the daily uptrend will continue again.
AUDUSD can be a correction process for a running flat pattern. If so, we recommend selling in the short term, and look for a second buying opportunity in the weekly demand zone.
GBPUSD is located in the daily supply zone. The 4-hour downtrend stops and may start again as a daily downtrend. If so, there may be a downward wave descending into the weekly demand zone, so buys should be cautious. Look for short-term sell opportunities.
Gold can be a very large leading diagonal pattern. If so, a second uptrend is likely again in the weekly demand zone. However, if the rebound fails, the leading diagonal pattern will also test for a bottom, since one correction pattern can also be rotated. USDJPY is likely to rise to the weekly supply zone next week. If so, Gold is likely to come down to the...
GBPUSD is tired from the daily uptrend. In order to propagate from the daily rising wave to the weekly rising wave, you must come down to the weekly demad zone. As this is the pattern for the start of the 4-hour downtrend, if this line is not broken, there will be a downtrend.
EURUSD continues its daily uptrend. There are two cases, The first is the case of falling in the daily supply zone. The second makes a new high and rises around the red dotted line. This is the case where it continues to rise until CPI data comes out. The important thing is to break the daily rising line so that a bigger rise can come out. Otherwise, in the...
AUDUSD could be an extended correction pattern. If the rebound succeeds in the weekly demand zone, it will be a weekly uptrend, and the goal will be to break the red line near the top. If you want to buy, look for opportunities in the weekly demand zone.