Subscribe to RSS

EUR/USD Build Bullish Bounce at 50% Fibonacci Wave X

EUR/USD

4 hour

EURUSD

The EUR/USD is showing light signals of bearish momentum but so far the downside pressure has been mild. Price could build a larger correction and move towards lower Fibs levels but these levels has a high chance of acting as s support as well.

1 hour

EURUSD

The EUR/USD fell towards the Fibonacci levels of wave X versus wave Y (green) and bounced at the 50% Fib. If price shows bullish momentum then price could start a wave A or wave 1 (brown).

GBP/USD

4 hour

GBPUSD

The GBP/USD bearish price action almost reached the bottom of the downtrend channel (green). Price seems to be building a bullish retracement at the 61.8% Fibonacci target, which could be part of a wave 4 correction (blue). Typically waves 4 respect the 23.6, 38.2% and 50% Fib levels after which one more bearish push for wave 5 could bring price to the bottom of the channel.

1 hour

GBPUSD

The GBP/USD seems to be building an ABC (grey) bullish zigzag within wave 4 (blue), which is invalidated if price breaks above resistance (red/orange).

USD/JPY

4 hour

USDJPY

The USD/JPY built a bullish rally but price has stopped at the confluence of resistance trend lines around 123.50 (orange/red).

1 hour

USDJPY

Price has fallen quickly from this resistance zone, which could indicate a bearish momentum such as a wave A (pink). An ABC seems the most likely path at the moment. A break below the 100% invalidates the current wave A-B structure (green).

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

Receive 55% Bonus on your Deposit Money – NordFX

Receive 55% Bonus on your Deposit Money – NordFX(0)

55% Deposit Bonus Promotion to All New and Existing Customers. 55% Bonus on Deposit Fund your account with $100 – $8,000 and receive a trading bonus up to $4,400! Link:  Demo Cup contest prize fund is $42000 Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Available to:  All new and existing accounts Bonus offer: 

Up to 100% Bonus on your initial Deposit – FXtrade777

Up to 100% Bonus on your initial Deposit – FXtrade777(0)

Up to 100% Bonus promotions on your initial Deposit to all FXtrade777 New clients. Get more for your money at FXtrade777 with an unforgettable Up to 100% Welcome Bonus. Link:  Up to 100% Bonus on your initial Deposit Bonus Offer: Up to 100% Bonus promotions on your initial Deposit to all FXtrade777 New clients. FXtrade777

FIFA World Cup Football Matches Tournament – FBS

FIFA World Cup Football Matches Tournament – FBS(0)

FIFA World Cup Football Matches Tournament. Participate in the contest and win the visit to the biggest football tournament of the year in Russia. Link: FIFA World Cup Football Tournament Link:  Just Share a Greeting Card and Gifts Link:  $50 Free Will be credited to Your Account Link:  $88.8 Forex No Deposit Bonus Link:  $123 Forex

100% Withdrawable Deposit Bonus up to $5000 – NordFX

100% Withdrawable Deposit Bonus up to $5000 – NordFX(0)

100% Withdrawable Forex Deposit Bonus up to $5000. The 100% Withdrawable Deposit Bonus and the initial deposit can be withdrawn after the required number of lots is closed. Profits can be withdrawn without restrictions. Link:  Demo Cup contest prize fund is $42000 Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Available to: All

50% First Deposit Bonus Prom – Hirose Financial UK

50% First Deposit Bonus Prom – Hirose Financial UK(0)

50% First Deposit Bonus Promo Maximum Bonus Amount is $1000 for all customers. The 50% Special Bonus offer for Hirose Financial UK customers who make a deposit to Binary Options account. They can withdraw deposit and profit at anytime!! Link:  50% Deposit Bonus Promotion Available to: All new traders Bonus Offer: 50% Special Bonus offer

200% Pending Bonus for your Next Deposits – CTTrade

200% Pending Bonus for your Next Deposits – CTTrade(0)

200% Pending Bonus for the Next Deposits. Just make the re-deposit and during the day we will credit your 200% Pending Bonus. Link:  200% Pending Bonus for the Next Deposits Available to: All new account How to get Pending Bonus? Just make the re-deposit and during the day we will credit your bonus. This bonus

Free SERENITY Tokens New Year Promotion – Grand Capital

Free SERENITY Tokens New Year Promotion – Grand Capital(0)

Receive free SERENITY tokens for Forex, futures and cryptocurrency trading. The promotions is supported by SERENITY. The objective is to promote and brand the platform as a secure trading solution for trader Link:  Receive free SERENITY tokens for trading Link:  $500 Forex No Deposit Welcome Bonus Link:  Up to 444% Profit Receive for a single

$500 Chinese New Year Welcome Cash Bonus – ForexTime

$500 Chinese New Year Welcome Cash Bonus – ForexTime(0)

500 USD Chinese New Year with Cash Bonus Giveaway Promotion. Blessings for the Chinese New Year from ForexTime Get up to $500 Cash Bonus Giveaway Promotion. FXTM Link:  $500 Welcome Cash Bonus Promo Link:  Start Copy Trading your Perfect Partner Link:  $25 Per Referral Earn up to $10000 Link:  Receive $30 Tradeable Credit Free Bonus

The Ultimate IB Ride Forex Contest Promotion – Tickmill

The Ultimate IB Ride Forex Contest Promotion – Tickmill(0)

The Ultimate IB Ride Forex Contest. The Ultimate Forex IB Ride Contest Promotion is only available for clients of Tickmill Ltd. (FSA Regulated) Link:  The Ultimate IB Ride Forex Contest. Link:  $30 Free Welcome Bonus Promotion Link:  Weekly Demo Race Trading Contest Link:  Forex Monthly Live Trading Contest Available to: All new traders Bonus Offer:

10% to 40% Discounts Buy with ICO Tokens – Serenity

10% to 40% Discounts Buy with ICO Tokens – Serenity(0)

Buy Serenity ICO Tokens with Discounts of 40% to 10%! to all new account holder. The First Blockchain Escrow for Financial and Cryptocurrency Markets Serenity ICO Tokens Link:  Buy Serenity ICO Tokens with Discounts of 40% to 10%! Link:  Free SERENITY Tokens for Trading Link:  444% Profit Receive for a single trade Link:  $500 Forex

read more

Forex Featured BrokerSocial Trading

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories