Tue 29-01-2019
Hi everyone,
hope you all had an excellent day.
USDJPY
USDJPY seem to have completed Wave (iv) and made the first attempt to start Wave (v) upwards, towards Resistance levels
60Mins
4Hours
Daily
Weekly
USDCAD
USDCAD move to the downside on Wave c of Wave (b) is so close to get to the target trend-levels.
Once Wave (b) is complete we should start to see series of impulsive moves towards the upper long-term trend again and a low-risk opportunity.
60Mins
4Hours
Daily
USDCHF
USDCHF has made an important impulsive move up, indicating that Wave (v) is underway towards Resistance levels.
The impulsive move stopped to what it could be Wave i of Wave (v), so watch out for further moves up to break those Resistance levels.
Although the alternative seem extremely unlikely now, we shouldn't forget that there is a possibility that Wave (iv) could still be extended to the downside as far as previous Wave(i) high Support @0.9848
60Mins
4Hours
Daily
EURUSD
Wave (ii) is underway towards the %50 or %61.8 Fib retracement before Wave (iii) starts to the downside.
There was an impression earlier during the day that Wave (iii) was started, and that might be the case now; Impulsive moves to the downside would confirm this tomorrow.
There is an alternative count for an extended Wave [ii] to the upside worth keeping in mind.
Wave (iii) to the downside will be confirmed once it crosses the lowest of Wave (i) @1.1287
60Mins
4Hours
Daily
EURCHF
The Head and Shoulders break up to the upside was quite a disappointment for me as I thought the opposite would be true and the trend would have made the price to reverse.
I have not gave up to the current count and I still believe possible the price to come down on Wave [e] to complete the triangle.
60Mins
4Hours
Daily
EURGBP
EURGBP: Looking at the impulsive Wave (i); suggests that Wave (ii) might not raise to the %50 or %62 Fib Retracement as commonly.
Wave (ii) is underway and so far it has developed a series of 5 waves for Wave a, suggesting that it would be a ZigZag Correction (5,3,5).
So we can expect Wave b down next, before Wave c completes Wave (ii).
Once Wave (ii) is completed, Wave (iii) should start the impulsive moves to the downside again.
60Mins
4Hours
Daily
Weekly
GBPUSD
GBPUSD has made the first impulsive moves to the downside where Wave iii is currently underway.
Tomorrow we should expect Wave iii to have finished at the lower trend levels and a corrective Wave iv to take place before Wave v breaks through the trend to confirm and complete Wave (i).
60Mins
4Hours
Daily
AUDUSD
AUDUSD seem to be going through, and possibly ending, Wave (ii) of Wave [iii] upwards.
Although highly unlikely, should the price overlaps Wave (i) downwards, it will trigger the alternative count for an extended Wave [ii] towards the %50 or %62 Fib Retracement of Wave [i].
60Mins
4Hours
Daily
Weekly
All the best for everyone.
Andres
Trading Waves .org
