Mon 14-01-2019
USDJPY
Due to the shy price action I have doubts on the current wave count for Wave (iii) and I am begining to be more inclined to the alternate count for a larger Wave (ii) that could be targetting the previous major support at %61.8 Fib retracement of Wave (i).
60Mins
4Hours
Daily
Weekly
USDCAD
USDCAD is still raising towards 200EMA levels on the hour Chart before it carries further down towards the lower Trend levels.
60Mins
4Hours
Daily
USDCHF
USDCHF Wave (ii) correction is still underway, although could have already been completed at Wave (i) %38.2 Fib retracement level due to how impulsive was the initial wave.
However, watch out for a possible retracement lower towards the %50 and %61.8 at previous support levels before Wave (iii) starts.
Once, Wave (iii) is underway, the highest of Wave (i) should offer a low-risk point for entry @0.9848.
60Mins
4Hours
Daily
EURUSD
EURUSD appears to be currently developing Wave iv of Wave (i) on the way down through Wave [iii].
Although there is still a slight posibility of being a combinated correction of Wave [ii].
If the current count stands, the highest of Wave (ii), possibly at Resistance levels (at around 1.1483) should offer aother nice low risk potential entry for Wave (iii) of Wave[iii] down.
60Mins
4Hours
Daily
EURCHF
EURCHF seems to have completed the first wave of Wave (iii) down and Wave ii would form a beautiful Head and Shoulders formation which should lead to Wave iii of Wave (iii) for an impulsive drop.
60Mins
4Hours
Daily
EURGBP
EURGBP is now on a corrective Wave ii, which it is still hard to identify which corrective type is taking form yet.
Once Wave ii is complete we should expect an impulsive move to the downside for Wave iii to make its way on a long trend down.
60Mins
4Hours
Daily
Weekly
GBPUSD
GBPUSD has hitted the Resistance level and went down, although it looks like there is still room for a raise towards the next big level of Resistance which is the 200EMA on the Daily Chart and near the %76 Fib Retracement of Wave [i].
With the Brexit last parlamentary vote in UK tomorrow we should see a series of spikes, however, the technichal analysis is only pointing... downwards.
60Mins
4Hours
Daily
AUDUSD
Nothing much has changed for AUDUSD as it is steadily moving up in a very slow motion and there is still not much price action so I will stick to the original Wave structure where Wave (i) is still underway and Wave (ii) should follow towards Fib retracement levels.
60Mins
4Hours
Daily
Weekly
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