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
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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.
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Re: Fresh Forex forecast

Postby Volkov Yuriy » Thu Jan 26, 2017 3:11 am

Euro bound within the range 1.0722-1.0771

26 January 2017, EUR/USD

Euro bound within the range 1.0722-1.0771
Wave Analysis:

Following the break above 1.0712, Euro entered into a consolidation not going above 1.0771 or below 1.0712. As long as this pair trades within this equilibrium zone, we choose to trade reversals from from these levels. Any clear break breakout above this zone will mean we're continuing long with impulsive wave (5) towards 1.084 while a break below 1.0712 may invalidate the anticipated upward rally and could push the price lower to 1.06177 or even lower to 1.0548. A clear break above 1.0771 in the EURUSD chart will mean a break below 112.54 in the USDJPY chart. These two pairs, eurusd & usdjpy, have a strong negative correlation and will have an exact opposite price action during this intraday. Only buy or sell euro if usdjpy is giving you an exact opposite signal.

Trade Recommendations:

Expect a possible break above 1.0771 to go long with an ideal target at 1.084
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Re: Fresh Forex forecast

Postby Volkov Yuriy » Thu Feb 09, 2017 2:33 am

Looking to rebuy the green candle

09 February 2017, EUR/USD


Wave Analysis:

Yesterday, Euro made a fresh weekly low of 1.06393 but ended up closing at 1.06968, just a few pips above our weekly pivot level 1.06664. Since the previous week's candle was a perfect bullish engulfing candle along a key pivot level 1.06664, we expect an acceleration to the upper side as long as the pair remains above this pivot level. Thus, we'll remain long with our first target at 1.07522, any clear breakout above this level will push the price further to the upper side towards 1.1059 or even higher. Expect a similar wave count in GBPUSD. These pairs will have a similar price action during this intraday.

Trade Recommendations:

As long as the pair remains above 1.06664, look for potential long positions with the first target at 1.07522. Any breakout above this target will push the price further to the upper side towards 1.1059.
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Re: Fresh Forex forecast

Postby Volkov Yuriy » Thu Feb 09, 2017 2:41 am

Looking to rebuy the green candle

09 February 2017, EUR/USD


Wave Analysis:

Yesterday, Euro made a fresh weekly low of 1.06393 but ended up closing at 1.06968, just a few pips above our weekly pivot level 1.06664. Since the previous week's candle was a perfect bullish engulfing candle along a key pivot level 1.06664, we expect an acceleration to the upper side as long as the pair remains above this pivot level. Thus, we'll remain long with our first target at 1.07522, any clear breakout above this level will push the price further to the upper side towards 1.1059 or even higher. Expect a similar wave count in GBPUSD. These pairs will have a similar price action during this intraday.

Trade Recommendations:

As long as the pair remains above 1.06664, look for potential long positions with the first target at 1.07522. Any breakout above this target will push the price further to the upper side towards 1.1059.
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Re: Fresh Forex forecast

Postby Volkov Yuriy » Tue Feb 28, 2017 5:17 am

Euro above 1.0576

28 February 2017, EUR/USD

Euro above 1.0576
Wave Analysis:

Despite our expectations to continue short short, euro retraced higher and even ended up above 1.05765. The current chart set up and structure is pretty much bullish and will likely push the price further to the upper side towards 1.06717 but should not go beyond 1.07552. A break above 1.07552 will push the price further to the upper side towards 1.08717. This view can only be rendered futile in case the pair end up below 1.05765, if this case, then an acceleration to the lower side is inevitable. This pair should be traded alongside GBPUSD, NZDUSD, and GBPHKD. These pairs have a strong positive correlation of up to +89% and will have a similar price action during this intraday.

Trade Recommendations:

Expect a possible bullish price movements towards 1.07552.
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Re: Fresh Forex forecast

Postby Volkov Yuriy » Thu Apr 06, 2017 1:41 am

Euro still short but should retrace up to 1.06976

05 April 2017, EUR/USD

Euro still short but should retrace up to 1.06976
Wave Analysis:

Instead of going short as previously forecasted, euro continues to retrace to the upper side but should not go beyond 1.06976 from where we'll be looking to pick low risk sell opportunities. A break above 1.06979 will mean we're waiting for further bullish price movements towards 1.07373 from where we'll be expecting a possible rebound to go short. The anticipated sell positions should be the continuation of the impulsive wave (c) but should not go beyond 1.06194. The entire downward rally can only be invalidated in case the price end up above 1.07373, if this is the case, then an acceleration to the upper side will be inevitable. Expect a similar retracement in EURAUD, EURCAD and GBPUSD. These pairs will have a similar price action during this intraday.

Trade Recommendations:

We're waiting for a clear rebound around 1.06976 or 1.07373 to pick sell orders with an ideal target at 1.06194.
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Re: Fresh Forex forecast

Postby Volkov Yuriy » Fri Jun 23, 2017 5:50 am

Still corrections

23 June 2017, EUR/USD


Wave Analysis:

Perfectly as previously anticipated, the corrective wave (b) continues to extend to the upper side but is still below our target rebound level 1.12859. During this intraday, we expect a possible extension of this correction to the upper side but should not go beyond 1.12859. Although this upward rally is highly anticipated, if a bearish candle can appear below 1.12859, then we'll sell the impulsive wave (c) to the lower side with an ideal target at 1.08649, Expect an exact opposite wave count in USDCHF, USDJPY and CHFJPY. These pairs have a strong negative correlation of up to -71% and will move in opposite price action during this intraday.
Trade Recommendations:
In the long run, expect a possible beatish price rally towards 1.08649
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Re: Fresh Forex forecast

Postby Volkov Yuriy » Thu Jul 13, 2017 4:15 am

We're short

13 July 2017, EUR/USD

We're short
Wave Analysis

This pair moved downwards yesterday,and is currently below a key resistance level 1.1467. the previous day's candle is a possible bearish confirmation candle on the daily chat, and the price will likely continue moving upwards, going to the support level 1.1285. The anticipated bearish price rally is a mere corrective three wave cycle correcting the immediate five wave cycle. A key support level can seen around 1.11372, as long as this level protects the lower side, we expect the anticipated three wave cycle not close below it. Expect a similar wave count in GBPUSD, AUDUSD and EURHKD. These pairs will have a similar price rally during this intraday.
Trade Recommendations:
Expect a possible bearish price rally towards 1.1285
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Re: Fresh Forex forecast

Postby Volkov Yuriy » Fri Jul 21, 2017 6:50 am

Inside bar followed by a bullish engulfing candle

21 July 2017, EUR/USD

Inside bar followed by a bullish engulfing candle
Wave Analysis

Following the bullish inside bar seen on 19th of this month, the previous day's candle dropped slightly to the lower side before engulfing the previous candle to the upper side. This is a clear bullish dominance signal, and could mean the price may rise further upwards towards the weekly resistance level 1.17159. A breakout above this level will push the price further up but should not go beyond 1.22717. The anticipated upward rally is the continuation of the impulsive wave (v) to the upper side. This view can only be rendered futile in case the price break below 1.15107 and most importantly below 1.1465. If this should be the case, then an acceleration to the lower side will be inevitable. Trade this pair alongside USDJPY and USDCHF. These pairs have a strong negative correlation of up to -71% and will move in exact opposite price action during this intraday.
Trade Recommendations
Expect a possible bullish price rally towards 1.17159
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