- 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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Saturday 14 January 2017

Market Analysis of the 16th of January 2017 : 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: Wave 4 and pullbacks, prudence.

EUR/USD: Start of wave 4 ("a" move?), the price has broken the box and is above the alligator, longs with prudence.
GBP/USD: Start of a new  wave down with the price below the box, look for shorts.
USD/JPY: Start of the wave 4 ("a" move ?), the price has broken the box and is below the alligator and the box, shorts with prudence.
USD/CHF: Start of the wave 4 ("a" move ?), the price has broken the box and is below the alligator and the box, shorts with prudence.
AUD/USD: Big move up in the opposite direction, long with prudence as this is an up-and-down chart.
EUR/JPY:  Pullback (not officially a wave 4 as the ewave is about the cross the zero line but did not cross it) with a price below the box, shorts with prudence.
USD/CAD: The price has broken the box and the price is below the box, shorts with prudence.
NZD/USD: Start of the wave 4, the price is above the box and the alligator, longs with prudence as this is a messy chart.
XAU/USD: Start of the wave 4 ("a" move?), the price is now above the alligator and the box, longs with prudence.

For orientation/direction of trades, click  "Signals" in the menu (On Monday 16th of January 2017  from 08:00 GMT+1)


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