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Price Action

November 16th, 2017 @ 6:43 am by Muhammad Azeem

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EUR/USD Elliott Wave Analysis

EUR/USD Elliott Wave Analysis in 15 Minutes chart

Bearish trend is present in EUR/USD currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, the price of EUR/USD currency pair is going to drop now on a short-term basis to create a Bearish Impulse Wave 1 Elliott wave pattern and Spot Forex traders should consider taking a possible sell trading chance.

So, all those Forex traders who have followed my Elliott Wave Analysis have made the right decision as price has started the Bearish leg. Strong key resistance level is present at 1.1860 price level which is the originating point of Bearish wave 1 pattern. In my opinion, price action in EUR/USD currency pair is in the process to complete the Bullish Zig Zag corrective wave 2 Elliott wave pattern. So, I expect the market to first move up and then resume the down trend and falls towards 1.1760 price area in coming trading hours.

Next, price action is most likely going to prints a short term bottom as well in coming trading hours after completing Bearish Impulse wave 3 pattern. As the trend is still Bearish, Forex traders should consider only short trades and no trade against the current EUR/USD Bearish trend as it is always easy to trade in the favour of market trend.

Currently, bullish wave c of wave 2 corrective Elliott wave pattern looks half finish. A good idea is to wait for the market to first rise up more and then look for a possible sell trading chance to join the down trend.

However; if the price action in EUR/USD spot Forex pair breaks above 1.1860 important resistance level then Bearish Elliott wave analysis will become in-valid. From this time forward, I may seize the opportunity to stay out of the market and re-assess the EUR/USD currency pair price movement in fifteen minutes chart. Spot Forex traders who are interested to learn Price Patterns click here.

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November 7th, 2017 @ 3:40 pm by Muhammad Azeem

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GBP/USD Elliott Wave Analysis

GBP/USD Elliott Wave Analysis in 15 Minutes chart

Bearish trend is present in GBP/USD currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, the price of GBP/USD currency pair is going to drop now on a short-term basis to create a Bearish Impulse Wave (iii) Elliott wave pattern and Spot Forex traders should consider taking a possible sell trading chance.

So, all those Forex traders who have followed my Elliott Wave Analysis have made the right decision as price has started the Bearish leg. Strong key resistance level is present at 1.3176 price level which is the originating point of Bearish wave (i) pattern. In my opinion, price action in GBP/USD currency pair is in the process to complete Bearish Impulse wave (iii)Elliott wave pattern. So, I expect the market to first move up and then resume the down trend and falls towards 1.3075 price area in coming trading hours.

Next, price action is most likely going to prints a short term bottom as well in coming trading hours after completing Bearish Impulse wave (iii) pattern. As the trend is still Bearish, Forex traders should consider only short trades and no trade against the current GBP/USD Bearish trend as it is always easy to trade in the favour of market trend.

Currently, bearish wave (iii) Elliott wave pattern looks half finish. A good idea is to wait for the market to first rise up more and then look for a possible sell trading chance to join the down trend.

However; if the price action in GBP/USD spot Forex pair breaks above 1.3176 important resistance level then Bearish Elliott wave analysis will become in-valid. From this time forward, I may seize the opportunity to stay out of the market and re-assess the GBP/USD currency pair price movement in fifteen minutes chart. Spot Forex traders who are interested to learn Price Patterns click here.

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November 1st, 2017 @ 2:42 pm by Muhammad Azeem

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EUR/JPY Elliott Wave Analysis

EUR/JPY Elliott Wave Analysis in 15 Minutes chart

Bullish trend is present in EUR/JPY currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, the price of EUR/JPY currency pair is going to rise up now on a short-term basis to create a Bullish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance.

So, all those Forex traders who have followed my Elliott Wave Analysis have made the right decision as price has started the bullish leg. Strong key support level is present at 131.92 price level which is the originating point of Bullish Impulse wave 1 leg. In my opinion, price action in EUR/JPY currency pair has completed bullish wave 3 impulse Elliott wave pattern and now, I expects a bearish Zig Zag wave 4 pull back in price action. So, based on Elliott wave analysis, Bearish corrective wave 4 leg is going to start after few hours time and I expect the market to first move lower to complete the corrective bearish Zig Zag wave 4 leg and then resume an up trend to rise towards 132.85 price area in coming trading hours.

Next, price action is most likely going to prints a short term top as well in coming trading hours after completing bullish Impulse wave 5 pattern. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current EUR/JPY bullish trend as it is always easy to trade in the favour of market trend. Currently, bearish wave 4 leg which is part of the Bullish Impulse Elliott wave pattern looks half finish. A good idea is to look for a possible buy trading chance to join an up trend around 132.35 price area.

However; if the price action in EUR/JPY spot Forex pair breaks below 131.92 important support level then Bullish Elliott wave analysis will become in-valid. From this time forward, I may seize the opportunity to stay out of the market and re-assess the EUR/JPY currency pair price movement in fifteen minutes chart. Forex traders who are interested to learn Price Patterns click here.

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October 16th, 2017 @ 3:14 pm by Muhammad Azeem

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EUR/USD Elliott Wave Analysis

EUR/USD Elliott Wave Analysis in 15 Minutes chart

Bullish trend is present in EUR/USD currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, the price of EUR/USD currency pair is going to rise up now on a short-term basis to create a Bullish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance.

So, all those Forex traders who have followed my Elliott Wave Analysis have made the right decision as price has started the bullish leg. Strong key support level is present at 1.1779 price level which is the originating point of Bullish Impulse wave i leg. In my opinion, price action in EUR/USD currency pair has not completed bullish wave iii impulse Elliott wave pattern. So, based on Elliott wave analysis, Bullish Impulse wave iii leg is going to start after few hours time and I expect the market to first move lower to complete the corrective bearish Zig Zag wave ii leg and then resume an up trend to rise towards 1.1860 price area in coming trading hours.

Next, price action is most likely going to prints a short term top as well in coming trading hours after completing bullish Impulse wave iii pattern. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current EUR/USD bullish trend as it is always easy to trade in the favour of market trend. Currently, bullish wave iii leg which is part of the Bullish Impulse Elliott wave pattern looks half finish. A good idea is to look for a possible buy trading chance to join an up trend around 1.1795 price area.

However; if the price action in EUR/USD spot Forex pair breaks below 1.1779 important support level then Bullish Elliott wave analysis will become in-valid. From this time forward, I may seize the opportunity to stay out of the market and re-assess the EUR/USD currency pair price movement in fifteen minutes chart. Forex traders who are interested to learn Price Patterns click here.

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October 3rd, 2017 @ 9:03 am by Muhammad Azeem

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USD/JPY Elliott Wave Analysis

USD/JPY Elliott Wave Analysis in 15 Minutes chart

Bearish trend is present in USD/JPY currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, the price of USD/JPY currency pair is going to drop now on a short-term basis to create a Bearish Impulse Wave A Elliott wave pattern and Spot Forex traders should consider taking a possible sell trading chance.

So, all those Forex traders who have followed my Elliott Wave Analysis have made the right decision as price has started the Bearish leg. Strong key resistance level is present at 113.18 price level which is the termination point of Bullish Zig Zag – wave A, B and C pattern. In my opinion, price action in USD/JPY currency pair is in the process to complete Bearish Impulse Wave A Elliott wave pattern. So, I expect the market to first move up and then resume the down trend and falls towards 112.45 price area in coming trading hours.

Next, price action is most likely going to prints a bottom as well in coming trading hours after completing Bearish Impulse wave A pattern. As the trend is still Bearish, Forex traders should consider only short trades and no trade against the current USD/JPY Bearish trend as it is always easy to trade in the favour of market trend.

Currently, bearish wave A leg which is part of the Bearish Zig Zag Elliott wave pattern looks half finish. A good idea is to wait for the market to rise up more and then look for a possible sell trading chance to join the down trend.

However; if the price action in USD/JPY spot Forex pair breaks above 113.18 important resistance level then Bearish Elliott wave analysis will become in-valid. From this time forward, I may seize the opportunity to stay out of the market and re-assess the USD/JPY currency pair price movement in fifteen minutes chart. Spot Forex traders who are interested to learn Price Patterns click here.

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September 29th, 2017 @ 9:42 am by Muhammad Azeem

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USD/JPY Elliott Wave Analysis

USD/JPY Elliott Wave Analysis in 15 Minutes chart

Bullish trend is present in USD/JPY currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, the price of USD/JPY currency pair is going to rise up now on a short-term basis to create a Bullish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance.

So, all those Forex traders who have followed my Elliott Wave Analysis have made the right decision as price has started the bullish leg. Strong key support level is present at 112.24 price level which is the ending point of Bearish Zig Zag wave (ii) corrective leg. In my opinion, price action in USD/JPY currency pair has not completed bullish wave (iii) impulse Elliott wave pattern. So, based on Elliott wave analysis, Bullish Impulse wave (iii) leg is now in progress and I expect the market to first move sideways and then resume an up trend to rise towards 113.30 price area in coming trading hours.

Next, price action is most likely going to prints a short term top as well in coming trading hours after completing bullish Impulse wave (iii) pattern. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current USD/JPY bullish trend as it is always easy to trade in the favour of market trend. Currently, bullish wave (iii) leg which is part of the Bullish Impulse Elliott wave pattern looks half finish. A good idea is to look for a possible buy trading chance to join an up trend.

However; if the price action in USD/JPY spot Forex pair breaks below 112.24 important support level then Bullish Elliott wave analysis will become in-valid. From this time forward, I may seize the opportunity to stay out of the market and re-assess the USD/JPY currency pair price movement in fifteen minutes chart. Forex traders who are interested to learn Price Patterns click here.

Click here to read the full article.

September 27th, 2017 @ 6:26 pm by Muhammad Azeem

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USD/JPY Elliott Wave Analysis

USD/JPY Elliott Wave Analysis in 15 Minutes chart

Bearish trend is present in USD/JPY currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, the price of USD/JPY currency pair is going to drop now on a short-term basis to create a Bearish Zig Zag Elliott wave pattern and Spot Forex traders should consider taking a possible sell trading chance.

So, all those Forex traders who have followed my Elliott Wave Analysis have made the right decision as price has started the Bearish leg. Strong key resistance level is present at 113.25 price level which is the originating point of Bearish Impulse Wave A leg. In my opinion, price action in USD/JPY currency pair is in the process to complete bullish Zig Zag wave B corrective Elliott wave pattern. Based on Elliott wave analysis, bullish wave C Zig Zag corrective wave pattern is now in progress. So, I expect the market to first move up and then resume the down trend and falls towards 112.25 price area in coming trading hours.

Next, price action is most likely going to prints a bottom as well in coming trading hours after completing Bearish Impulse wave C pattern. As the trend is still Bearish, Forex traders should consider only short trades and no trade against the current USD/JPY Bearish trend as it is always easy to trade in the favour of market trend.

Currently, bullish wave B leg which is part of the Bearish Zig Zag Elliott wave pattern looks half finish. A good idea is to wait for the market to rise up more and then look for a possible sell trading chance to join the down trend.

However; if the price action in USD/JPY spot Forex pair breaks above 113.25 important resistance level then Bearish Elliott wave analysis will become in-valid. From this time forward, I may seize the opportunity to stay out of the market and re-assess the USD/JPY currency pair price movement in fifteen minutes chart. Spot Forex traders who are interested to learn Price Patterns click here.

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September 19th, 2017 @ 7:03 pm by Muhammad Azeem

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USD/CAD Elliott Wave Analysis

USD/CAD Elliott Wave Analysis in 15 Minutes chart

Bullish trend is present in USD/CAD currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, the price of USD/CAD currency pair is going to rise up now on a short-term basis to create a Bullish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance.

So, all those Forex traders who have followed my Elliott Wave Analysis have made the right decision as price has started the bullish leg. Strong key support level is present at 1.2217 price level which is the ending point of Bullish impulse wave 1 leg. In my opinion, price action in USD/CAD currency pair has not completed bullish wave 5 impulse Elliott wave pattern. So, based on Elliott wave analysis, Bullish Impulse wave 5 leg is now in progress and I expect the market to first move sideways and then resume an up trend to rise towards 1.2345 price area in coming trading hours.

Next, price action is most likely going to prints a short term top as well in coming trading hours after completing bullish Impulse wave 5 pattern. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current USD/CAD bullish trend as it is always easy to trade in the favour of market trend. Currently, bullish wave 5 leg which is part of the Bullish Impulse Elliott wave pattern looks half finish. A good idea is to look for a possible buy trading chance to join an up trend.

However; if the price action in USD/CAD spot Forex pair breaks below 1.2217 important support level then Bullish Elliott wave analysis will become in-valid. From this time forward, I may seize the opportunity to stay out of the market and re-assess the USD/CAD currency pair price movement in fifteen minutes chart. Forex traders who are interested to learn Price Patterns click here.

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