Currency pair GBP/USD

The GBP/USD has broken above the long-term resistance trend line (dotted red), which makes a bullish continuation likely within wave 5 (blue).Price will need to stay above the support trend lines (blue) otherwise the uptrend is in danger.

The GBP/USD is showing strong bullish momentum, which is typical for a wave 3 (orange). As long as the bearish retracement stays above the previous tops (green lines), the current wave pattern is probably a wave 4 (orange) and a bullish continuation is likely.

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Currency pair EUR/USD

The EUR/USD is now testing the resistance trend line (red) of a triangle chart pattern. A bullish breakout could confirm the expected uptrend within waves 5 (pink/purple).

The EUR/USD bullish breakout above resistance (red) could start a potential wave 3 (green) of wave 3 (blue).

Currency pair USD/JPY

The USD/JPYcould be close to starting an uptrend but a breakout above the resistance is needed before that becomes more likely. A break below support (blue) could see price test the previous bottom.

The USD/JPY could have completed a wave 5 (green) of wave 1 (blue) and is now building a potential bearish ABC (green) within wave 2 (blue).

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The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces. One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective. As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication. The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit 1from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions. In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan - on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.

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