Articles by Forex analysis review

Wave summary: Wave a of ii completed with a spike to 1.6341 and wave b towards at least 1.64755 and possibly even closer to 1.6529 should now be expected before the final decline in wave c close to 1.6160 to complete wave ii and set the stage for the n…

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Wave summary: We continue to look for a clear break below minor support at 131.70 for a decline to 130.73 and possibly lower. Short-term, we expect minor resistance at 132.39 will be able to cap the upside for a new test of the 131.70 support. The next…

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When the European market opens, some Economic Data will be released, such as Final Core CPI y/y, Final CPI y/y, ZEW Economic Sentiment, German ZEW Economic Sentiment, and Italian Trade Balance. The US will release the Economic Data, too, such as TIC Lo…

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In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, and Import Prices m/m. So, there is a…

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The price has dropped strongly to our buying area. We look to buy above major support at 131.90 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 133.42 resistance (Fibonacci retracement, Fibonacci ext…

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The price is dropping perfectly as expected from our selling area. We remain bearish looking to sell below major resistance at 0.7891 (Multiple Fibonacci retracements, bearish price action) for a push down to at least 0.7789 support (Fibonacci retracem…

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EUR/USD: The EUR/USD has been
going downwards gradually since Friday, creating a directionless scenario on
the market. It is better to stay away from the market until there is a strong
breakout to the upside or to the downside, which would create a dir…

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The British pound managed to grow against the US dollar by the end of the week of October 13. This success could be more significant than it turned out. The uncertainty surrounding the negotiations on Brexit and the future of Theresa May as the head of…

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Bitcoin has been quite corrective today showing no directional bias after reaching above the $5,500 price level. After an impulsive bullish move, the corrective sequence is quite, as expected from a mature financial instrument. The price is expected to…

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