- 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.

Post Top Ad

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)


No comments:

Post a Comment

Post Bottom Ad

Responsive Ads Here