Gregor Horvat | TalkMarkets | Page 46
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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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.
Silver Could Face A Temporary Correction
Silver is ticking higher but there is a three wave bounce from 17.70 area that we see it as wave B) so recovery can be temporary.
USD/CAD Could Face A Reversal In Sessions Ahead
USD/CAD has turned nicely down from 1.3533, clearly with five waves which is a structure of a bearish turn based on the Elliott Wave principle.
Crude Oil Looking For More Upside
Crude oil is turning up nicely from the 47.05 level where we see a low in place following a recently completed five wave decline.
AUD/USD Aiming For 0.7440 Region
Aussie is currently making a sharp reversal down from around the 0.7748 level where a possible top of wave E might have been found.
USD Index Undergoing A Bullish Reversal, More Strength May Follow
On the 4h chart of USD Index we have seen a deep decline over the past few months, clearly in three waves with recent push down to be wave C) that shows signs of a low near 98.0 area.
USD/JPY Showing First Signs Of A Completed Correction; More Upside In View
USDJPY has been falling sharply for the last few weeks, clearly with impulsive price action down from 115.50. But if we take a look at the whole bearish cycle from December 2016 high, then we need to be aware of a new significant turn.
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