USDCHF – Diagonal might be in place – October 5th, 2021
A three-wave advance finished below 0.9199, so wave ii might have been in place. If correct, bearish wave iii has begun, so the market should continue declining in the short term.
Dollar Index – Second-wave correction likely over – October 4th, 2021
Wave (2) turned out to be longer. It seems like there’s an upward impulse, which is supposed to be wave ((c)) of Y. As shown on the 30m chart below, the market is likely going to break the high of wave iii during the fifth …
GBPUSD – Fourth wave might be in place – October 4th, 2021
We can’t rule out that wave (4) is over in the form of a double zigzag with a triangle in wave X. If correct, the current advance is wave ((i)), which might have been in place. In this case, we’re likely going to have wave ((ii)) in the short term. A third-wave advance should begin …
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USDJPY – Higher to finish diagonal – October 4th, 2021
The market has been rising since a pullback from the diagonal’s lower side happened. As you can see on the 30m chart below, the fourth wave of wave (c) is likely over. If correct, the market should break the high of wave iii during wave the fifth wave unfolding.
USDCHF – Diagonal might be in place – October 4th, 2021
A three-wave advance finished below 0.9199, so wave ii might have been in place. If correct, bearish wave iii has begun, so the market should continue declining in the short term.
Dollar Index – Second-wave correction likely over – September 30th, 2022
Wave (2) turned out to be longer. It seems like there’s an upward impulse, which is supposed to be wave ((c)) of Y. If correct, wave (v) should end shortly.
EURUSD – Second wave might be in place – September 30th, 2021
Wave (2) turned out to be longer. There’s a possible flat pattern in wave ((b)). The current downward five-wave price movement is likely wave ((c)) of Y, which is almost over. However, as long as the price remains below the high of wave (iv), we can’t rule out a further decline.
GBPUSD – Fourth wave might be in place – September 30th, 2021
We can’t rule out that wave (4) is over in the form of a double zigzag with a triangle in wave X. Also, there’s a triangle in wave ((b)) of Y. Wave ((c)) might have been in place, so it seems like the fourth-wave correction is over. However, as long as the price remains below …
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USDJPY – Diagonal to continue – September 30th, 2021
The market has been rising since a pullback from the diagonal’s lower side happened last week. As you can see on the 30m chart below, there’s a five-wave price movement, which is likely wave iii. If correct, wave iv is already underway, so we’re going to have a few more days of consolidation.