- forex leaning place

forex leaning place

The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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Sunday 16 August 2015

Market Analysis of the 17th of August 2015 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1

Click on the Menu on "Market Analysis" for all the analysis.

Daily charts: Very few clear trends

EUR/USD: The chart still looks sideways, better to stay on the sidelines
GBP/USD: Sleeping alligator, we can go for long but with prudence
USD/JPY: Price is now retracing inside the alligator, stay patient
USD/CHF: Uptrend but price now retracing, long with prudence
AUD/USD: It looks like the end of the wave 5, price inside the alligator, be patient
EUR/JPY:  Price now above the box, uptrend, maybe wave 5 starting, look for long
USD/CAD: Wave 5 up is now becomes weaker and has retraced, long with prudence
NZD/USD: It looks like the end of the wave 5 with a bullish divergent candle, be patient.
XAU/USD: Wave 3 down has retraced, probably the "a" move of the corrective wave 4, price inside the alligator, be patient.

For orientation/direction of trades, click  "Signals" in the menu (from Monday 17th of August  from 8:00 GMT+1)

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