Market Analysis of the 22nd of August 2016 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1
Daily Charts: Still some lovely trends on the daily charts for the start of the week.
EUR/USD: No trend overall but as the price is above the box, we can look for longs on H1
GBP/USD: The price is coming back into the alligator, be patient.
USD/JPY: The price is below the alligator, downtrend, we expect wave 5, look for shorts.
USD/CHF: No trend overall but as the price is below the box, we can look for shorts on H1
AUD/USD: The price is coming back into the alligator, divergence, patience.
EUR/JPY: The price is below the alligator, we expect the wave 5, downtrend, look for shorts.
USD/CAD: The price is below the box, we expect the wave 5, look for shorts.
NZD/USD: The trend is slightly up but that BDC is not great to go long, it can be taken but with prudence.
XAU/USD: End of the wave 5, ewave is about to cross the zero line, maybe contretrend trade (short) can be taken on H1.
Daily Charts: Still some lovely trends on the daily charts for the start of the week.
USD/JPY: The price is below the alligator, downtrend, we expect wave 5, look for shorts.
USD/CHF: No trend overall but as the price is below the box, we can look for shorts on H1
AUD/USD: The price is coming back into the alligator, divergence, patience.
EUR/JPY: The price is below the alligator, we expect the wave 5, downtrend, look for shorts.
USD/CAD: The price is below the box, we expect the wave 5, look for shorts.
NZD/USD: The trend is slightly up but that BDC is not great to go long, it can be taken but with prudence.
XAU/USD: End of the wave 5, ewave is about to cross the zero line, maybe contretrend trade (short) can be taken on H1.
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