EURJPY has been slowly and tiredly crawling it's way up on the daily timeframe since last year. We believe that this upside is dying out as of now and that the downside is possibly commencing either now or very, very soon, with a final wave target possibly in the 125 area. From this moment on therefore, we will be looking for sell setups, on this pair: watch out...
Following our previous analyses on OANDA:GBPCHF , we can clearly see that ultimately the pair has gone to form an ending diagonal patter, on the daily timeframe. Said structure, has already concluded three upswings building up divergence, and could therefore formally be considered a complete structure. However, the pair could still go for one more upswing, not...
Following our previous analyses and having opened short positions, we are updating said sell opportunities by analyzing the OANDA:EURCHF pair on minor timeframes. The two scenarios we are currently monitoring (both possible) are the following: 1. The pair has been consolidating in a bigger contracting flat, on the 4hr timeframe. Said flat is completed now,...
Litecoin is looking more downside, at the moment. It did not break previous highs and the way it's consolidating structure is behaving, seems want to be telling us that against the U.S. dollar, this cryptocurrency is going to go for one more drop, before resuming it's upward growth and impulse. As for the moment, therefore, the two possible scenarios are that ...
As of now, Verge BITTREX:XVGUSD seems to be in a running flat correction to the upside. Said "abc" in formation, could retrace the cryptocurrency all the way to a 0.786 or 0.886 of it's previous impulse. If it does what we expect it to do, all the better for us, as we will then consider taking long positions with an expected margin of over 800%. From the 0.0064...
Similarly to where the Ripple ( BITSTAMP:XRPUSD ) was a while ago, BITTREX:XVGUSD is in a triangle structure ready to take off for more upside. Estimated target in the 0.42 area. From this moment on therefore, we will be looking for buy setups, on this cryptocurrency, around the lower trend line of the aforementioned triangle. For a more conservative approach,...
As per our previous analysis on the daily and weekly timeframes (), OANDA:EURCHF is coming to an end of it's correction to the upside, paving the way for a downward move which will be a great trading opportunity. A potential minor wave evolution, on the 4hr and 60min timeframe, could be the one illustrated in the chart. The previous top at 1.736, however, has...
As per our previous analysis on the daily timeframe, we believe that COINBASE:LTCUSD has been consolidating for a while and is now about to resume it's impulsive movement to the upside in the form of a 3d impulsive wave: On the 60min timeframe, the pair is now correcting for a little more downside, which in any case will be very short lived. Being short...
We have picked the Ripple as our favorite cryptocurrency for an analysis, as it seems to be behaving in ordinary patterns and structures. As it stands of now, in fact, BITSTAMP:XRPUSD seems to be in a wave 4 correction of a 5 wave impulsive movement. As wave 2 correction has been very slow and extended, wave 4 should the opposite, such as the impulsive and...
Ethereum ( COINBASE:ETHUSD ) seems to be in the process of completing a 5th impulsive wave. In detail, we believe that wave 5 is incomplete as the buying momentum is still in place, and divergence hasn't built up strongly enough. There is, in consequence, a potential for a small pullback to the downside which would be just part of wave 5 extension. For the time...
As per our previous analyses, OANDA:USDJPY seems to be getting ready to resume it's impulse to the upside. On the daily timeframe, in fact, it seems that the pair has already had a smaller impulse from 107.3 level, the that has been consolidating enough with it's own corrective structure. If the pair breaks the upper trend line on the weekly, and the previous...
OANDA:USDJPY seems to be getting ready for a nice movement to the upside. On the weekly timeframe, you can clearly see that the pair seems to be very close to the end of the medium term correction which has followed last year's big impulse to the upside and has covered most of 2017. Said correction, if our analysis on the long term structure is correct, should be...
Following our previous analyses on GBPCHF we can clearly see that ultimately the pair has gone to form an ending diagonal patter, on the daily timeframe. The pattern seems to be completed, as the pair has already had three upswings building up divergence, and has also been consolidating around the lower trend line of said pattern for quite a while now. From a...
OANDA:GBPCHF is now in what seem to be really the last moments of it's medium term correction. Looking extremely downside, at the moment, we are expecting a huge movement to retest and break previous weekly lows, for around 2000 and plus pips, making it already one of the most promising trades of the new year. To be more precise, looking at the daily timeframe,...
As wave 3 is coming to an end, we can clearly see that it's subdivision in a smaller degree pattern, in it's 5th wave, has taken the shape of a distinctive ending diagonal: one of our favorite patterns to trade. Typically, in fact, an ending diagonal will be "broken" with an abrupt impulsive movement in the opposite direction of the movement that is gradually...
Given the further consolidation to the upside of the pound sterling against the U.S. dollar, we had to revise our previous analysis and are now seeing a different structure. The bigger picture, however, still remains downside. To put it in a few words, the structure that could have played out as a reversal moment, consolidated instead as a daily flag, confirming...
As an update on our previous analysis: () OANDA:GBPCHF seems to be breaking the lower trend line of the ending diagonal structure through which it had been correcting to the upside. If you aren't in the trade from the top or previous breaks, or you are looking to open further short positions, this seems to be a good opportunity, as the pair has consolidated...
As per our weekly timeframe analysis, we expect a very big movement to the downside, on OANDA:GBPAUD . The movement could pick up quite fast, so it is crucial to be in the trade in it's beginning phases. If you are not in from the two previous trend breaks, it would be recommended that you monitor the pair closely now, as it is making a new correction to the...