Samuel124

Samuel124 Updated 

EURGBP appears to be on a medium-term uptrend that began on August 23rd at 0.84922. Here's how it's been progressing from Elliott wave perspective: First, there was a move up to 0.86105 (Wave 1) . Then, an ABC correction in wave 2 brought it down to 0.85239. The uptrend continued in wave 3, reaching 0.87094. After that, a corrective wave 4 formed a triangle...

Samuel124 Updated 

This is a brief intraday analysis of GBPUSD. Following a recent downward trend, I anticipate a corrective movement in three waves to the upside. It appears that the first phase of this correction has either occurred or is close to completion. From a Wyckoff perspective, a trading range has been identified within this correction, along with a spring action. I...

Samuel124 Updated 

The EURJPY currency pair recently completed a 5-wave upward move, terminating at 159.773 . Now, it's in a corrective phase. In my analysis, the larger corrective wave A likely finished at 156.568 . Currently, the pair seems to be forming a contracting triangle as part of corrective Wave B, after which we expect a drop in wave C. Here's the key: If the...

Samuel124

The global trend on USDCHF is bearish. The recent price action in USDCHF suggests the conclusion of a corrective wave of a higher degree wave 4. This corrective structure appears to have ended, potentially paving the way for a significant downward movement within wave 5. In light of this, I'm anticipating a five-wave impulsive decline, with a minimum target set at 0.85546.

Samuel124 Updated 

Hello Traders, The initial perspective I held regarding this pair has been disproven by subsequent market developments. Hence the need for this update. As it stands, given that we don't have a combination, it appears the ABC correction in wave 4 might have been fully formed and we have now seen the smaller degree wave 1 of larger degree wave 5. If this scenario...

Samuel124 Updated 

Hello traders, Here is my EW Analysis of the GBPUSD Currency pair. Market Sentiment and Wave Count: My bearish sentiment on GBPUSD remains intact as the price continues its downward movement, It is important to note that the price recently encountered strong resistance at the 1.2746 level, a development that underscores the strength of sellers in the...

Samuel124 Updated 

Hello Traders, Here is my outlook on CADJPY. Based on the current analysis, CADJPY has completed wave 3 and it's currently undergoing a corrective wave (b) within the larger wave (4) structure. The upcoming movement is anticipated to initiate a downward trajectory in wave (c). Subsequently, a rally is expected to conclude a larger degree wave (5), which is part...

Samuel124 Updated 

Greetings Traders, It is a pleasure to reconnect with you following a brief break. Here is my EURCAD analysis. EURCAD ANALYSIS Taking a long-term view, it is apparent that the EURCAD has been experiencing an upward trend, as evidenced by its movement within an ascending channel. Notably, between April 17th and 26th, there was a substantial rally of...

Samuel124 Updated 

Based on my analysis using Elliot wave theory, it appears that the NZDJPY is displaying a strong bearish trend. The wave patterns that I have observed across various timeframes suggest that the market is likely to experience a downward movement. Specifically, when examining the H1 chart on both intermediate and minor degrees, it appears that wave 3 (down) of a...

Samuel124 Updated 

The USDCHF currency pair exhibits a marked bearish trend over the long and medium terms. In the short term, a clear bearish price action has been observed since March 21, characterized by a series of lower highs and lower lows. Analysis from the Elliott wave perspective suggests that the corrective wave 4 of the impulsive bearish move has been completed, and the...

Samuel124 Updated 

CADJPY has been observed to be in a bullish trend that was initiated on the 24th of March. From the technical analysis, it appears that the pair has completed wave 1 and 3 of the impulsive move, with wave 3 delivering a considerable 280 pips gain. The wave 3 appears to have peaked on April 4th at 99.185, and since then, we have seen a decline in price, indicating...

Samuel124 Updated 

Hello Traders, Here is my long term view of USDJPY: USDJPY has been in a bullish rally since mid-January 2023, with wave 1 as a leading diagonal and wave 2 as a corrective zig-zag pattern. Wave 3, the longest wave channel, unfolded from March 24th to June 30th. It appears we are currently in wave 4, which is expected to be a sideways movement, possibly a...

Samuel124 Updated 

Hello Traders, Here is my analysis of USDJPY. From an Elliott Wave Theory perspective, below is my intraday interpretation of price movement: The price action that began on August 17th at 146.555 during the Asian session is interpreted as the initiation of a corrective phase within a larger trend. This correction took the form of a zigzag pattern, which is...

Samuel124 Updated 

Hello Traders, Here is my outlook on NZDCAD. The NZDCAD currency pair is currently experiencing a bearish trend on the H1 timeframe. Last week, it underwent a correction and reached the price level of 0.82107, which coincided precisely with the 0.382 Fibonacci golden ratio. This price level acted as a significant resistance point, leading to a subsequent...

Samuel124 Updated 

Hello Traders, From Technical analysis perspective, the GBPUSD pair is displaying signs of a potential bearish move after experiencing consolidation on Monday, July 31st. The Composite Operator (CO) executed a stop hunt to the upside just before the New York session yesterday, in the form of an an upthrust, but it failed to break the Secondary test, indicating a...

Samuel124 Updated 

Hello Traders, Trust you are doing great. Allow me to show you my decked chart of AUDUSD. From a technical standpoint, if the resistance is broken to the upside, we can expect the price to rise initially to 0.68034, indicating a gradual buildup of buying momentum. Should this momentum continue, the price may rally to 0.68374 and then to 0.68944. Looking at...

Samuel124 Updated 

Hello Traders, Here is my intraday technical outlook of AUDUSD. Long term On the H4 time frame, a big inverted head and shoulders pattern is seen, indicating a potential long term bullishness. Short term AUDUSD has displayed interesting price action, indicating potential bearish momentum in the near term. Here's a breakdown of the short term...

Samuel124 Updated 

Greetings traders, I would like to provide an updated analysis of the GBPUSD pair. Despite the market deviating from my initial analysis, it is crucial to reassess the current outlook. Presently, it seems that the pair is undergoing a corrective phase in a downward direction. Based on the observed price action, a leading diagonal formation has emerged in wave A,...