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Still corrections
23 June 2017, EUR/USD
https://freshforex.com/netcat_files/...07bed5e824.png
Wave Analysis:
Perfectly as previously anticipated, the corrective wave (b) continues to extend to the upper side but is still below our target rebound level 1.12859. During this intraday, we expect a possible extension of this correction to the upper side but should not go beyond 1.12859. Although this upward rally is highly anticipated, if a bearish candle can appear below 1.12859, then we'll sell the impulsive wave (c) to the lower side with an ideal target at 1.08649, Expect an exact opposite wave count in USDCHF, USDJPY and CHFJPY. These pairs have a strong negative correlation of up to -71% and will move in opposite price action during this intraday.
Trade Recommendations:
In the long run, expect a possible beatish price rally towards 1.08649
Check the website for more information: https://freshforex.com/analitics/fre...sue_99661.html
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We're short
13 July 2017, EUR/USD
https://freshforex.com/netcat_files/...e08bd342ab.png
Wave Analysis
This pair moved downwards yesterday,and is currently below a key resistance level 1.1467. the previous day's candle is a possible bearish confirmation candle on the daily chat, and the price will likely continue moving upwards, going to the support level 1.1285. The anticipated bearish price rally is a mere corrective three wave cycle correcting the immediate five wave cycle. A key support level can seen around 1.11372, as long as this level protects the lower side, we expect the anticipated three wave cycle not close below it. Expect a similar wave count in GBPUSD, AUDUSD and EURHKD. These pairs will have a similar price rally during this intraday.
Trade Recommendations:
Expect a possible bearish price rally towards 1.1285
Check the website for more information: https://freshforex.com/analitics/fre...ue_123917.html
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Inside bar followed by a bullish engulfing candle
21 July 2017, EUR/USD
https://freshforex.com/netcat_files/...0d6881f361.png
Wave Analysis
Following the bullish inside bar seen on 19th of this month, the previous day's candle dropped slightly to the lower side before engulfing the previous candle to the upper side. This is a clear bullish dominance signal, and could mean the price may rise further upwards towards the weekly resistance level 1.17159. A breakout above this level will push the price further up but should not go beyond 1.22717. The anticipated upward rally is the continuation of the impulsive wave (v) to the upper side. This view can only be rendered futile in case the price break below 1.15107 and most importantly below 1.1465. If this should be the case, then an acceleration to the lower side will be inevitable. Trade this pair alongside USDJPY and USDCHF. These pairs have a strong negative correlation of up to -71% and will move in exact opposite price action during this intraday.
Trade Recommendations
Expect a possible bullish price rally towards 1.17159
https://freshforex.com/netcat_files/...370d0a7076.jpg
Check the website for more information: https://freshforex.com/analitics/fre...ue_124035.html
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