Market Analysis of the 2nd of February 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1
Click on the Menu on "Market Analysis" for all the analysis.
Some nice clear trends:
EUR/USD: We are in still in a big wave 3 down, some pullback but no divergence
GBP/USD: Wave 3 down but we have now a first divergence, still downtrend
USD/JPY: We are in the wave 4, we expect wave 5, it looks like a D1 setup as we have few bars with same low and therefore a small box
USD/CHF: Downtrend, we could expect some move short after that BDC at the red line
AUD/USD: We are in the wave 5 down with alligator line wide open, it could become a new wave 3 down
EUR/JPY: We are in a big wave 3 down, some pull back and a BDC but no divergence, downtrend
USD/CAD: We are in a big wave 3 up peaking
NZD/USD: We are in a wave 5 down with alligator lines wide open, it could become a new wave 3 down
XAU/USD: Wave 3 up, we had some pullback but the price bounced off the red line, long is still the direction.
For orientation/direction of trades, click "Signals" in the menu (from Monday 2nd 8:00 GMT+1)
Click on the Menu on "Market Analysis" for all the analysis.
Some nice clear trends:
EUR/USD: We are in still in a big wave 3 down, some pullback but no divergence
GBP/USD: Wave 3 down but we have now a first divergence, still downtrend
USD/JPY: We are in the wave 4, we expect wave 5, it looks like a D1 setup as we have few bars with same low and therefore a small box
USD/CHF: Downtrend, we could expect some move short after that BDC at the red line
AUD/USD: We are in the wave 5 down with alligator line wide open, it could become a new wave 3 down
EUR/JPY: We are in a big wave 3 down, some pull back and a BDC but no divergence, downtrend
USD/CAD: We are in a big wave 3 up peaking
NZD/USD: We are in a wave 5 down with alligator lines wide open, it could become a new wave 3 down
XAU/USD: Wave 3 up, we had some pullback but the price bounced off the red line, long is still the direction.
For orientation/direction of trades, click "Signals" in the menu (from Monday 2nd 8:00 GMT+1)
It’s first week after the unpopular Brexit event, at least for many. It was really interesting with market not so sharp yet pairs like GBP still were reacting quite a lot. I feel happy to watch these analysis on this lovely blog, it’s seriously useful and if we want to achieve something good then we got to do it through proper analyzing and right execution and that’s exactly what I do with OctaFX broker’s support on with their cTrader platform, it’s super cool!
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