Chris Svorcik Blog | Talkmarkets | Page 1
Forex Trader, Analyst, Educator
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Chris Svorcik is co-founder, trader, and analyst with Elite CurrenSea since 2014. He is the creator of the trading method called ecs.SWAT (simple wave analysis and trading) which is based on the chart and price patterns of the financial markets. Chris’s favorite tools for Forex ... more

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EUR/USD, GBP/USD Analysis & Setups 19 – 26 July 2021
The EUR/USD is in a downtrend channel but the previous bottom of the daily chart could soon provide support. The GBP/USD is also expected to make a lower low unless a clear bullish daily candle emerges.
Gold Testing 61.8% Fibonacci Support After Bearish ABC
The XAU/USD (Gold) weekly chart made a bearish reversal. This indicates that price action has either completed a wave 1 or A.
DAX30 ABC Pullback Awaits Critical Breakout Up Or Down
The German stock index DAX 30 is building a bearish pullback to the 23.6% Fibonacci level.
US30 Completes Bearish Wave C At Shallow 38.2% Fib
The US 30 (Dow Jones Index) daily chart made a bearish pullback and bullish bounce at the 38.2% Fib.
EUR/USD, GBP/USD Analysis & Setups 21 – 22 June 2021
The EUR/USD made a strong bearish breakout and impulsive price swing within the expected wave 3. Now a shallow pullback and continuation will probably take place in wave 4.
Bitcoin Bearish Bounce Testing Deep 78.6% Fib Support
Bitcoin (BTC/USD) failed to break the 21 ema resistance zone. Now price action is testing a key support decision zone again. 
EUR/USD Strong Bearish Impulse Confirms Wave 3 Pattern
The EUR/USD has made the final bearish turn as expected. The bullish wave B is therefore complete and a bearish price swing is now developing.
EUR/USD, GBP/USD Analysis & Setups 16 – 18 June 2021
The EUR/USD is looking for a bearish breakout below the 21 ema zone but price action will also need to break the channel bottom to confirm a wave 3. The GBP/USD is testing a key resistance zone.
FedEx Completes Wave 4 Pullback At 38.2% Fibonacci
The FedEx Corporation has made a bullish bounce. But the rebound was even stronger than expected because price action broke above the top.
US30 Enters Range But Remains Bullish And Aims At $36-38K
The Dow Jones Index (US30) has been taking a few weeks break since its last high. But the consolidation zone is simply going sideways, which is a bullish signal.
EUR/USD, GBP/USD Analysis & Setups 14 – 16 June 2021
The EUR/USD is testing the Fibonacci resistance zone after a strong bearish impulse. The GBP/USD is testing a key support zone after creating a choppy sideways zone.
Bitcoin Breaks Above 21 EMA Resistance In 5 Waves
Bitcoin (BTC/USD) made a bullish bounce at the 78.6% Fibonacci retracement level. It was followed by a bullish breakout above the 21 ema resistance zone as expected in our analysis.
GBP/JPY Bull Flag In Uptrend But Running Out Of Steam
The GBP/JPY has been showing very strong bullish momentum. But it might be time for a pullback with a divergence pattern visible on the daily chart.
Siemens Bullish Bounce After Bearish ABC Pattern Completed
The Siemens (SIE) stock price made a bearish pullback after failing to break the top.
EUR/USD, GBP/USD Analysis & Setups 9 – 11 June 2021
The EUR/USD is moving sideways and a breakout is needed to confirm the next price swing. A bullish breakout should retest the resistance zone again. The GBP/USD has a better chance of moving up but it faces hefty resistance.
Bitcoin Retests Low And Bounces At Key 78.6% Fibonacci
Bitcoin (BTC/USD) has slowed down in the past 2 weeks. Price action is moving sideways and failing to break below the bottom or above the top.
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