Even though the market moved towards the upside as expected and reached both of our targets, the rally was strong enough to break above our invalidation point, therefore confirming our alternate count in the process. Price is now only a few pips away of reaching …
EURUSD 31st January, 2017 Continue to charts & full analysis »
In the previous analysis, the main count expected upwards movement while the alternate count focused on the downwards probabilities for Cable.
Cable confirmed the alternate count and both targets were reached and exceeded.
This week`s main count expects Cable to continue downwards while the alternate count expects upwards corrective movement before resuming the downtrend.
Cable unfolded downwards confirming the main hourly count and targets are yet to be reached. We are updating the main count according to the latest price action with tight invalidation and confirmation points. Main hourly count expects Cable to continue unfolding downwards while the alternate …
GBPUSD 30th January, 2017 Continue to charts & full analysis »
As expected the euro moved towards the downside, reached our first target, and exceeded it by 37 pips. However, price immediately and strongly rebounded towards the upside from there. This again puts us in a somewhat ambiguous situation. The main count now sees an uncommon …
EURUSD 30th January, 2017 Continue to charts & full analysis »
Cable unfolded inline with the main count`s view and and in today`s analysis we will be updating the main hourly count which expects that an upwards correction is structurally mature with short term targets, invalidation and confirmation points. The alternate daily count continues to expect …
GBPUSD 27th January, 2017 Continue to charts & full analysis »
The Euro started the new year by attempting to recover some of the 1,000 pips it had lost in the previous two months. And yet, after four weeks of persistence and perseverance, it has managed to recover only a little less than 50% of its losses over that period.
Not only has this rally been weak and choppy, it’s not even carried very well by momentum, which seems to be steadily waning. None of that is a particularly good sign for the Euro.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
Instead of making a new low, the market went down just barely to test the previous low, and then rebounded upwards for about 65 pips. This move looks ambiguous, even on the hourly chart, as it can be counted equally as an impulse with a …
EURUSD 27th January, 2017 Continue to charts & full analysis »
Cable made a final push upwards before reversing directions ending the day below where it started. We are updating the main hourly count which expects that an upwards correction is structurally mature and explores the mid/long term probable trend. On the other hand, the alternate …
GBPUSD 26th January, 2017 Continue to charts & full analysis »
Instead of making one final (and humble) price high as expected, the euro dropped over a total of 100 pips in 15 hours. This could very well be the first step of the downtrend we’ve been warning about for quite a while now. We still …
EURUSD 26th January, 2017 Continue to charts & full analysis »
Cable unfolded upwards as expected under the main count and targets were reached and exceeded. The nature of the recent upwards movement suggests that upwards correction is structurally mature, however, we need evidence to support these suggestions to anticipate that a top is in place …
GBPUSD 25th January, 2017 Continue to charts & full analysis »
