CyclicalWaves

CyclicalWaves

This pair rallied off the strong support at 100. If the 101.8 resistance which neighbors the upper boundary of the channel is broken to the upside, it will pursue very higher targets. Cyclical Waves Group

CyclicalWaves

As long as the downward resistance line remains intact, the market has a selling bias. The closer we get to the specified area colored in green, the less risk will be there in going long. Cyclical Waves Group

CyclicalWaves

This pair started declining exactly in the time zone we had specified. Now it is hesitating to go further down because of strong support at 1.3. We favor continuation of bearish plunge after this level is taken out by the bears. Cyclical Waves Group

CyclicalWaves

Kiwi is declining through an upward channel and towards its lower boundary. There is a seemingly corrective structure which if broken to the upside, will pave the way for a surge towards the upper boundary of the channel. Cyclical Waves Group

CyclicalWaves

As expected, price has reached the PRZ zone of the Shark Pattern. A negative hidden divergence is also visible. If the bears manage to break the 0.7644 support, a steep decline is expected. Cyclical Waves Group

CyclicalWaves

A bullish Inverted AB=CD pattern has formed in the bottom area of the channel. Going short here bears undue risk and if the bulls manage to break the 1.3128 swing high, we favor a rally towards the upper boundary of the channel. Cyclical Waves Group

CyclicalWaves

Price is in an upward channel. In the short term, a downward-tilted zone is present. The short term structure is seemingly corrective and so we favor a bullish bias in the medium term. Conditional on the break up of the 1.1280, a surge towards the upper boundary of channel is favored. As long as the 1.1123 support holds, this scenario remains intact. Cyclical...

CyclicalWaves

A 3-wave decline after a 5-wave rise.

CyclicalWaves

The Bund chart tells us that the dreadful events of the past summer might well be repeated. We have an overtly corrective channel starting from June 10th low. The last swing high at November 27th failed to reach the upper area of the channel, warning that the bullish power was diminishing. Later on, this warning was followed by a sharp decline which was magnified...

CyclicalWaves

After making a bottom 24th of August, this pair has managed to retrace half of the ground it had lost in summer. But there are plenty of reasons to believe that this rise is rather corrective. Apart from the fact that the uptrend is overlapping and forming a channel, it has consumed too much time which is a powerful sign that the bulls have little determination to...

CyclicalWaves

This pair has been in a declining channel. The recent rise does look to be rather corrective, rather than impulsive. Thus, as long as the channel holds, we favor short positions, especially at the top area of the two channels shown on the chart, targeting the low area of the larger channel. Good luck, Cyclical Waves Group

CyclicalWaves

After a sharp rally, bulls failed twice to break above the harmonic resistance created by the bearish Shark pattern. If 1.5054 support is broken, we will expect an increase in selling pressure which will drive price lowers towards green levels. Our suggested stop loss level is also shown on the chart by a red line. Good luck, Ali Sharif Azadeh, CFTe

CyclicalWaves

After experiencing a sharp rally, which was driven mainly by the weakness of the Euro in the face of more easing promised by Mario Draghi and the hawkish FOMC statement on 28th October, this pair has reached an area wherein some stiff resistance is expected. In the zone we've shown on the chart we have: - Top areas of two big channels - PRZ of a huge bearish Bat...

CyclicalWaves

This pair is most probably in a C wave of an ABC corrective structure which is carving out in a bearish Bat pattern. In the shown area, an Inverted AB=CD pattern also completes which adds to the selling pressure which might arise in that area. We expect that after a pullback within the 4th wave of the C wave of the final C wave, price will ultimately reach that...

CyclicalWaves

After heavy declines, this pair is carving out a bearish rising wedge formation. We think that this structure will break to the downside and if the latest swing low at 90.57 is broken, our bearish view will be reinforced. Good luck, Cyclical Waves Group

CyclicalWaves

This pair has been in a downward corrective channel and our Elliott Wave analysis calls for an end to this correction. A break above the blue line would reinforce our bullish call. As long as the 0.62353 support holds, this analysis remains valid. Good luck, Cyclical Waves Group

CyclicalWaves

This pair is completing its downward correction and the best area to go long is the area we have shown on the chart: - Bottom area of the the larger channel - Bottom area of the small channel - PRZ of a bullish AB=CD pattern - 61.8% Retracement of the move from 29/9 low to 12/10 high This are should offer plenty of support for this pair. The idea time zone...

CyclicalWaves

This pair has been in a great bullish run but considering the 5 wave structure seemingly complete, we expect a pullback from now on. Breaking the 0.8865 support will pave the way for a correction targeting the wave 4 low at least. Good luck, Cyclical Waves Group