Fresh Forex forecast

Re: Fresh Forex forecast

Postby Volkov Yuriy » Thu Jan 12, 2017 1:44 am

Possible triple top formation

12 January 2017, EUR/USD

Possible triple top formation
Wave Analysis:

Yesterday, instead of going short as forecasted, the pair retraced to the upper side and is currently in a process of a triple top formation with the top being around 1.06122. We expect a possible bearish rebound from this level to culminate into a bearish wave count towards 1.054 or even lower to 1.0389. Buy positions may only be reconsidered above the previous day's highest high. Expect a similar wave count in GBPUSD, NZDUSD, AUDUSD and EURHKD. These pairs have a strong positive correlation of up to +0.86% and will have a similar price action during this intraday. Only buy or sell euro if the other pairs are giving the same signal.

Trade Recommendations:

Expect a possible rebound around 1.06122 to go short with an ideal target at 1.05405. Buy positions are only recommended above 1.062
Check the website for more information: https://freshforex.com/analitics/fresh- ... 84580.html
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Volkov Yuriy
 
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Re: Fresh Forex forecast

Postby Volkov Yuriy » Thu Jan 19, 2017 1:20 am

Euro retracing but still bullish

18 January 2017, EUR/USD

Euro retracing but still bullish
Wave Analysis:

As previously forecasted, the pair traded massively long following the break above 1.06517 but is currently declining in an upward momentum. We expect the current bearish wave count on the 4H chart to be a mere corrective move and should not go beyond 1.0682 from where we'll be looking to buy the impulsive wave (5) to the upper side. Alternatively, we could wait for a clear break above the short term resistance level 1.07113 to go long with our previous target still intact at 1.08849. Expect an exact similar wave count in NZDUSD, and AUDUSD. These pairs have a strong positive correlation of up to +86% and will have a similar price action during this intraday.

Trade Recommendations:

If you're not long already, wait for the current retracement to end around 1.0682 to go long with an ideal target at 1.08849.
Check the website for more information: https://freshforex.com/analitics/fresh- ... 84644.html
http://freshforex.com/
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Volkov Yuriy
 
Posts: 294
Joined: Thu Oct 31, 2013 10:12 am

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