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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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
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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
Check the website for more information: https://freshforex.com/analitics/fresh- ... 84745.html
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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.
Check the website for more information: https://freshforex.com/analitics/fresh- ... 84887.html
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Volkov Yuriy
 
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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.
Check the website for more information: https://freshforex.com/analitics/fresh- ... 84887.html
http://freshforex.com/
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Volkov Yuriy
 
Posts: 300
Joined: Thu Oct 31, 2013 10:12 am

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