On the 4h chart of AUDNZD we see that red wave iii seems to be completed, because of a pull back in red wave iv. Now price is trading in a correction. The pullback in red wave iv may retrace to 38.2 % or 50 % of previous red wave iii. After the correction is completed, price may reach higher levels in red wave v. www.ew-forecast.com
AUDNZD has been trading bullish since April 2015. Pair is trading impulsively, recently completed blue sub-wave (iv) at 1.08890. From here we expect market to continue to the upside into blue wave (v), possibly even to 1.1800 area by the end of the summer.
GBPJPY has been bullish for the last three years, we see an impulsive structure unfolding. Impulse is a five wave move and when this is completed we can expect a three wave retracement. In our case that means big three waves to the downside on GBPJPY. However at the moment we see final leg in this impulsive sequence unfolding. We are tracking red wave (5) that can...
On the Hourly chart of GBPNZD price made three waves up with black wave iii still unfolding. That said pair is now trading in a correction in blue wave 4. The pullback in blue wave 4 may reach the fibo. level 0.382 of previous blue wave 3. After the correction is completed, price may continue to higher levels to around 2.407-2.412. www.ew-forecast.com
On the 1h chart of EURGBP price has made three waves down with an extended structure in blue wave 3. After blue wave three is completed we may face a pullback in blue wave 4, maybe to previous red wave 4, where price could face resistance. We could be interested in short positions at that region 0.705-0.706.
On the weekly chart of DOW Transportations index we can see that market has been trading bullish since the star of 2012. It has already made four waves up, with blue wave 5 in the making. On the Daily chart we see that price completed an ending diagonal in red wave c of blue wave 4. Price may now reach higher levels in blue wave 5. www.ew-forecast.com
On the Daily chart of NZDUSD price made three waves down with black wave (iii) still unfolding. That said pair is now trading in a correction in blue wave iv. After the correction is completed, price may continue to lower levels to around 0.646-0.638. www.ew-forecast.com
On the 2h chart of GBPJPY, price is trading in impulsive fashion as we see a five wave structure in blue wave i. After blue wave i is completed, we expect a three wave correction in blue wave ii, that may send price down to around 187.5-189 level, and afterwards continue to the upside in blue wave iii. www.ew-forecast.com
NZDUSD has been trading bearish since may 2015. On the Daily chart of NZDUSD, price has moved further down to area 0.661, where we expect a reversal to the upside, because of a five wave structure. We expect price to move to higher levels. www.ew-forecast.com
Correction in blue wave 4 seems to be over, because of the sharp impulsive action to the downside. That said we expect more weakness in weeks ahead. www.ew-forecast.com
USDNOK is still looking higher. Price already reached Target area #1, and is now looking to move higher to around 8.35-8.38, where pair would reach Target #2. That said price is now trading in an extended black wave (iii). www.ew-forecast.com
Sharp action to the downside on the 4h chart suggests that triangle in red wave 4 may be over. That said price may reach lower levels.
USDNOK has been trading in impulsive fashion the last couple of days, reaching new highs after the correction in previous black wave (ii). We assume that USDNOK will continue to the upside to Target level #1 to around 8.15-8.17 where third leg would equal to the first leg of black wave (i). But ideally we will see an extensions up to 161.8% (ideal target) for...
On the weekly chart of DOW Transportations index we can see that market has been trading bullish since the star of 2012. It has already made four waves up, with blue wave 4 in final stages. On the Daily chart we see that price is trading in an ending diagonal in blue wave (c) of red wave y. After the correction is completed, price may price may turn higher. When...
On the Daily chart price is trading in a correction in black wave 4. That said price may reach the fibo. level 0.382 of previous black wave 3, before turning to the upside. Invalidation level is at 184.470, as long as this level is not breached we are expecting a bullish turn, because wave 4 must not trade into wave 1. www.ew-forecast.com
As wee see correction in blue wave B seems to be finished, as price moved sharply to the upside. That said new leg up in blue wave C is expected to unfold in weeks ahead. The price may move towards 72 - 73 area. www.ew-forecast.com
On the 4h chart of CADJPY, price is trading in a three wave pattern. It already made one leg down in red wave A and a correction in red wave B. Correction in red wave B is over, as price made a sharp impulsive action to the downside towards red wave C. That said we are expecting more weakness in days ahead.
On th Daily chart pair is trading in a correction in black wave (4) almost reaching the fibo. level of 0.618 of previous black wave (3). As we see price already made two legs down in blue wave A and blue wave C, thus completing the zig-zag pattern in black wave (4). Once the correction is over, we may expect price to move towards 126 - 127 area.