Gregor Horvat | TalkMarkets | Page 49
Forex Technical Analyst
Contributor's Links: Wave Traders
Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of wavetraders.com, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ...more

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USD/JPY May Face A Reversal In The Near-Term
A five wave rally from April 14 low is know as an impulse which means that market can see a top in the near futures based on EW structure.
Gold Trading In A Temporary Retracement; More Upside In View
Gold keeps moving lower since last week when a gap lower occurred, so we think that the market is in a corrective set-back of a higher degree.
AUD/USD Intraday View - Monday, May 1
We expect the AUD/USD to turn higher, probably for a five wave recovery within wave C that belongs to a flat correction.
USDJPY Undergoing A Bullish Reversal
On the 4h chart of USDJPY, we can see a strong recovery taking place, from around the 108.12 level where a bigger three wave A)-B)-C) pattern was completed.
AUD/NZD Trading In Five Wave Of An Impulse
On the intraday chart of AUDNZD we see price trading in potential wave 5), meaning we can expect a corrective reversal to show up in the near-term.
NZDUSD Intraday Drop
NZDUSD is falling sharply, probably because wave four found a top and the current drop may be the start of final wave five.
EURUSD Making A Reversal Lower
EURUSD moved straight down from the 200% Fib resistance level where the pair found a top following a five wave move within wave five.
GBPUSD Taking-Off
Cable is making a strong rise away from 1.2364, clearly in impulsive fashion which can see an extension up to 1.3140 area for wave C.
USD Index Trading In The Final Stages Of A Correction
The USD index has had a steep decline, which is seen as a corrective move, but is still unfolding after a gap down to 99.10.
AUD/USD Intraday View - Monday, April 24
AUD/USD looks to be trading in a bigger three wave recovery, and current bullish moment may be final wave C.
USD/CAD Trading In An Uptrend
USDCAD may be trading in a correction of a higher degree, now in wave 4, that may ideally unfold as a simple three wave correction.
EUR/USD May See Limited Upside In The Current Rally
We see EUR/USD trading higher, now at the 61.8% Fib level, where a reversal may occur if we consider that there are a five sub-waves within wave c, and also resistance of the fourth wave of two lesser degrees.
USD/CHF Trading In Late Stages Of A Three Wave Decline
USD/CHF seems to be trading in a corrective wave 2), as a reaction to the previous five wave rise within wave 1).
CAD/JPY Could Face Limited Downside
CAD/JPY may be trading in the final stage of an ending diagonal, with price trading in a final sub-wave C (of 5).
Elliott Wave Analysis: USDCHF Trading In A Bullish Impulse
On the updated chart of USDCHF we see the pair made a sharp and strong recovery from 0.9813, as an indication of a low in place.
GBP/USD Intraday View - Wednesday, April 12
GBP/USD is at the high of the week, but in the fifth wave shown on the hourly chart from 1.2364, which means that the market may be ready for a turn.
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