Chris Svorcik | TalkMarkets | Page 38
Forex Trader, Analyst, Educator
Contributor's Links: Elite CurrenSea
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 analysis are ...more

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GBP/USD Challenges Resistance Of Downtrend Channel After 1.2775 Bounce
The GBP/USD is testing the resistance line of the downtrend channel after indeed bouncing near the round quarter support level of 1.2750. The EUR/USD is building an extended and complex correction.
EUR/USD Retests Resistance Of Bull Flag Pattern At 1.1825
The EUR/USD is challenging the resistance trend line of the bull flag chart pattern. At the moment it is unable to break and a correction back to the support trend lines is possible.
EUR/USD Slips Back Into Triangle Pattern And Awaits Breakout
The EUR/USD failed to immediately continue with the bullish breakout yesterday and is building an expanded wave 4 correction via a WXY pattern.
EUR/USD First Signs Of Bullish Break Above 1.18 Bull Flag
The EUR/USD is breaking above resistance trend lines of a bull flag continuation chart pattern of a wave 4 correction. This bullish break above resistance could confirm the end of wave 4 and start of wave 5.
US Dollar Trigger: EUR/USD, GBP/USD And USD/JPY
Analysis of the bull flag chart pattern within the EUR/USD uptrend, the GBP/USD approach of a support zone and potential head and shoulders pattern and the USD/JPY range within a triangle.
EUR/USD Develops Bull Flag Chart Pattern At Support Zone
The EUR/USD is building a bull flag continuation chart pattern above the long-term trend line, local support, and long-term moving average, which favours a wave 4 correction.
EUR/USD Completes Zigzag And Uptrend Challenges Resistance At 1.18
The EUR/USD showed a strong bullish 4 hour candle at the support trend lines, which indicates the potential completion of the wave 4 correction.
EUR/USD, GBP/USD Build Shallow Retracements After Bearish Breakout
The EUR/USD is showing bearish continuation as expected in the wave analysis earlier this week. Price is building a potential ABC correction within a larger wave 4.
USD/JPY Reversal At 109 Support Zone Starts ABC Zigzag
The USD/JPY bounced at the support zone of the previous daily bottom and broke above the resistance trend line. The wave structure is favoring a completion of the wave A at the newest low.
EUR/USD Bearish Continuation
The EUR/USD seems prepared for one more leg down to test the 1.16 support zone before continuing with the uptrend.
EUR/USD Decision Zone At 1.19: ABC Zigzag Or Uptrend
The EUR/USD divergence between the tops could create a larger bearish retracement via an ABC correction. A break of the top and 100% Fibonacci level of wave B vs A at 1.1910 could indicate an uptrend continuation.
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY - Monday, Aug 14
Let's take a look at this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts.
EUR/USD Breaks Falling Wedge And Starts Wave B Correction
The EUR/USD bearish retracement indeed turned at the support zone. The USD/JPY is breaking below the larger support trend line. The GBP/USD has support and resistance trend lines which could offer breaking spots for the Cable.
EUR/USD ABC Zigzag Challenges Support Zone And Aims At 1.16
The EUR/USD broke below the support trend line. The USD/JPY is testing a larger support trend line. The GBP/USD has support and resistance trend lines which could offer breaking spots for the Cable.
EUR/USD Bearish Break Below 1.18 Within Wave 5
The EUR/USD bearish retracement is indeed continuing lower, as expected in the wave analysis earlier this week. The GBP/USD continued with its downtrend.
EUR/USD Reaches Key POC Zone: Bearish Pullback Or Bullish Trend
The EUR/USD could be building an ABC correction within wave 4. The bearish breakout below support could indicate a wave 5 continuation to complete wave A.
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