Category Archives: EURUSD – Weekly

EURUSD

Bearish Outlook :

After the wave (B) retrace up, Euro has resumed its trend to the downside.

The outlook still remains bearish, expecting an ultimate decline below 1.04649 and so revealing a five-wave structure as Intermediate-degree wave (C) of primary wave Y(circle), that will be conclusion of the bear market since July 2008.

EURUSD - Weekly

EURUSD

Bearish Outlook :

The persistent market’s selloff in this week indicates the Euro’s bearish stage that Intermediate-degree wave (C) have begun its way down. A continued decline below 1.04649 will unfold the entire pattern since July 2008, ultimately as a [W – Triangle X – Y] correction.

The expected target for decline in the wave (C) is around 0.95318, where equals 0.618 times the length of the same degree wave (A).

EURUSD - Weekly

EURUSD

Bearish Outlook :

The Euro’s bearish stance still is in place, with respect to the overall weekly-pattern as a [W – Triangle X – Y] which its Minor-degree wave Y remains in progress.

The expected target for decline in Intermediate wave (C) is around 0.95318, where equals 0.618 times the length of the wave (A) of the same degree.

EURUSD - Weekly

EURUSD

The bearish potential still retains in Euro, with respect to the overall weekly-pattern as [W – Triangle X – Y] which its Minor wave Y remains in progress.

The expected target for decline in Intermediate wave (C) is around 0.95318, where equals 0.618 times the length of the wave (A) of the same degree.

EURUSD - Weekly

EURUSD

The bearish potential retains in Euro, with respect to the overall weekly-pattern as [W – Triangle X – Y] which its Minor wave Y remains in progress.

The expected target for decline in Intermediate wave (C) is around 0.95318, where equals 0.618 times the length of the wave (A) of the same degree.

EURUSD - Weekly

EURUSD

The long term bear trend is resuming :

On this frame of the Euro’s weekly chart, the adjusted wave counts explain the overall bear market as a W – Triangle X – Y formation which Intermediate wave (C) decline of its Primary wave Y remains in progress.

The outlook remains bearish while the price holds below the recent high at 1.14667.

The immediate target is 1.0462, which is the end point of wave (A). The next target could be around the 0.92845, where wave (C) equals 0.618 times the length of wave (A).

EURUSD - Weekly

EURUSD

The bearish outlook :

The Euro’s decline from the 1.3993 high on May 8, 2014 has the potential to be extended through the lower levels, to complete the Primary wave C (circle) of an A – Triangle B – C formation.

Under this bearish view, the five waves down could be labeled as Intermediate wave (1), and the recent three waves up as corrective wave (2), which has likely remained in progress. In this case, Intermediate waves (3), (4) and (5) to the downside lie ahead prior to the end of Primary wave C (circle).

Alt : As a bullish alternative, the Intermediate wave C (circle) and hence overall A – Triangle B – C formation could have been completed. However, this alternate possibility remains in the second priority until a five-waves sequence is formed to the upside, to marks return of the trend.

EURUSD - Weekly

EURUSD

An explanation on the weekly-chart frame:

On the weekly chart frame, EURUSD is likely completing the neat (A – Triangle B – C) formation, which has taken 344 weeks…

Currently, wave C of primary degree, as a last subsequent of the corrective pattern, is in progress. Under a more bearish view it may be only the first wave of the wave C .

A Bullish Alternate Count:

The extended fifth wave of wave C(circled) is likely completing. In the case, a Fibo-expansion target for the terminus point of the pattern, as well be established on equality ratio of the waves A and C (of circled degree) at 1.02830 level.

EURUSD - Weekly