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Elliott Wave Analysis

June 29th, 2018 @ 12:32 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 1.1601 price level which is the termination point of Bullish impulse wave i leg. In my opinion, price action in EUR/USD currency pair has not completed bearish wave iv corrective Elliott wave pattern. So, based on Elliott wave analysis, Bearish wave iv leg is going to start after few hours time and I expect the market to first drop lower and then resumes an up trend to rise; towards 1.1680 price area in coming trading hours.

Next, price action is most likely going to prints a top as well in coming trading hours after completing bearish impulse wave v 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, bearish wave ii 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 1.1626 price area.

However; if the price action in EUR/USD spot Forex pair breaks below 1.1601 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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June 28th, 2018 @ 3:09 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 1.1527 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 bearish wave ii corrective Elliott wave pattern. So, based on Elliott wave analysis, Bearish wave ii leg is going to start after few hours time and I expect the market to first drop lower and then resumes an up trend to rise; towards 1.1655 price area in coming trading hours.

 

Next, price action is most likely going to prints a top as well in coming trading hours after completing bearish 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, bearish wave ii 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 1.1539 price area.

 

However; if the price action in EUR/USD spot Forex pair breaks below 1.1527 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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May 31st, 2018 @ 8:13 am by Muhammad Azeem

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GBP/USD Elliott Wave Analysis

GBP/USD Elliott Wave Analysis in 15 Minutes chart

Bullish 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 rise up now on a short-term basis to create a Bullish Triple Zig Zag 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 1.3277 price level which is the termination point of Bearish corrective wave X leg. In my opinion, price action in GBP/USD currency pair has not completed bullish wave Z corrective Elliott wave pattern. So, based on Elliott wave analysis, Bullish wave C leg is going to start after few hours time and I expect the market to resume an up trend to rise towards 1.3360 price area in coming trading hours.

 

Next, price action is most likely going to prints a top as well in coming trading hours after completing bullish corrective wave Z pattern. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current GBP/USD bullish trend as it is always easy to trade in the favour of market trend. Currently, bullish wave Z leg which is part of the Bullish Triple Zig Zag corrective Elliott wave pattern looks half finish. A good idea is to look for a possible buy trading chance to join an up trend around 1.3336 price area.

 

However; if the price action in GBP/USD spot Forex pair breaks below 1.3277 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 GBP/USD currency pair price movement in fifteen minutes chart. Forex traders who are interested to learn Price Patterns click here.

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May 22nd, 2018 @ 8:08 am by Muhammad Azeem

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USD/CAD Elliott Wave Analysis

USD/CAD Elliott Wave Analysis in 15 Minutes chart

 

Bearish 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 drop now on a short-term basis to create a Bearish Impulse Wave (i) 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 Impulse wave leg. Strong key resistance level is present at 1.2853 price level which is the originating point of Bearish wave (i) leg. In my opinion, price action in USD/CAD currency pair is in the process to complete the Bearish Impulse (iii) Elliott wave pattern. So, I expect the market to first move up and then resume the down trend and falls towards 1.2740 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 USD/CAD Bearish trend as it is always easy to trade in the favour of market trend.

 

Currently, bearish wave (iii) Impulse 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 USD/CAD spot Forex pair breaks above 1.2853 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/CAD currency pair price movement in fifteen minutes chart. Spot Forex traders who are interested to learn Price Patterns click here.

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February 23rd, 2018 @ 6:48 am by Muhammad Azeem

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GBP/JPY Elliott Wave Analysis

GBP/JPY Elliott Wave Analysis in 15 Minutes chart

Bullish trend is present in GBP/JPY currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, the price of GBP/JPY currency pair is going to rise up now on a short-term basis to create a Bullish Zig Zag 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 148.77 price level which is the termination point of Bearish Wave B leg. In my opinion, price action in GBP/JPY currency pair has not completed bullish wave C corrective Elliott wave pattern. So, based on Elliott wave analysis, Bullish wave C leg is going to start after few hours time and I expect the market to resume an up trend to rise towards 149.75 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 corrective wave C pattern. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current GBP/JPY bullish trend as it is always easy to trade in the favour of market trend. Currently, bullish wave C leg which is part of the Bullish corrective Elliott wave pattern looks half finish. A good idea is to look for a possible buy trading chance to join an up trend around 149.27 price area.

However; if the price action in GBP/JPY spot Forex pair breaks below 148.77 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 GBP/JPY currency pair price movement in fifteen minutes chart. Forex traders who are interested to learn Price Patterns click here.

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December 13th, 2017 @ 4:45 pm by Muhammad Azeem

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EUR/JPY Elliott Wave Analysis

EUR/JPY Elliott Wave Analysis in 15 Minutes chart

 

Bearish 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 drop now on a short-term basis to create a Bearish Double 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 133.38 price level which is the originating point of Bearish wave c pattern. In my opinion, price action in EUR/JPY currency pair is in the process to complete the Bearish Double Zig Zag corrective Elliott wave pattern. So, I expect the market to first move up and then resume the down trend and falls towards 132.55 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 corrective Double Zig Zag pattern. As the trend is still Bearish, Forex traders should consider only short trades and no trade against the current EUR/JPY Bearish trend as it is always easy to trade in the favour of market trend.

Currently, bearish wave c of wave Y corrective Elliott wave pattern looks half finish. A good idea is to look for a possible sell trading chance to join the down trend at the current price level.

However; if the price action in EUR/JPY spot Forex pair breaks above 133.38 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/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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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.

Click here to read the full article.

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.

Click here to read the full article.
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