- 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, 4 February 2017

Market Analysis of the 6th of February 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: No clear trend on the charts, prudence.

EUR/USD: Wave up ("a" move from wave 4) continues, the price  is above the box, longs with prudence.
GBP/USD: The price is back to the alligator, stay patient.
USD/JPY: Wave 4 ("c" move ?) with a price who has broken the box, maybe new wave down, look for shorts with prudence.
USD/CHF: Wave down keep going, look for shorts with prudence;
AUD/USD: New push of this wave up, long with prudence as this is an up-and-down chart.
EUR/JPY:  Sleeping alligator, patience.
USD/CAD: No trend but current wave down, the price is below the box, we can look for shorts with prudence.
NZD/USD: Wave up with a new break of the box, look for longs with prudence as there is no overall trend.
XAU/USD: It looks like we are  in the"c" move of the wave 4, the price has breaken the box, look for longs as a "c" move can become a wave 3 in the opposite direction.

For orientation/direction of trades, click  "Signals" in the menu (On Monday 6th of February 2017  from 08:00 GMT+1)


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