YExplore

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Update 21 August. The move on the upsite may end for a short while and the price correction may start on the downside forming a smaller Wave 4 of a bigger, corrective Wave A. Alternative count would be that Wave A ended and now, the price will correct more on the downside forming a Wave B. Action: If price goes beyond the end of Wave 3, then Wave A continues on...

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Looking for 5 waves to form on the downside that are part of a corrective Wave C.

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There a few possibilities for EUR/USD now. One main analysis - long term, would be that the pair is in a bigger 4th wave, correcting on the downside until around the marked price area. If the price action changes abrubtly, a new analysis will be done. For now, it respects all the rules and guidelines

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Update August 1st The price respects the analysis I made yesterday. This small impulse wave on the 15 min timeframe is still unfolding. We are now in the 4th corrective wave of a bigger sequence on the upside. I marked 3 potential levels where the price can retrace. It is not mandatory for the price to hit them all. In fact, the price may go up after it...

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Just like I analyzed yesterday, the pair is still correcting on the upside until, at least, the marked price levels. Caution : the final impulse on the downside may start forming soon. Short term BUY. Medium term - SELL

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Positively corelated with AUD/USD, the count is approximately similar in NZD/USD. We are also into a complex correction right now. Mid term downside. Longer term upside, forming 5 waves up of another, much bigger, corrective Wave C

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Two possibilities for this complex correction. We either have a WXY with a triangle currently unfolding in the wave X Or we have already started Wave Y on the downside until minimum the marked levels. Medium term correction for now. Longer term, this is part of a bigger impulse

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UPDATE today Price respects the previous analysis and it is still found in a correction, forming the wave C on the upside. Caution: Watch the total retracement of Wave C compared to Waves AB, the final impulse on the downside may start anytime

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As I analyzed a while ago, it hit the minimum target level. It can still go below to the marked level on the downside. Medium trend correction on the downside

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The correction extends on the downside, forming a WXY for now. I marked a fib cluster (the grey area) that can mean a potential end of the wave Y. However, wave Y can go down more until around the 90.743 price area. If it goes below that level, we may have a diagonal forming, as we are finding ourselves into a bigger Wave 5, where an ending diagonal can happen...

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Currently downtrend. My analysis says that currently we are in a bigger Wave 2 of a much bigger Wave 3 on the downside. (It may sound confusing, I hope the chart may help though) Longer term, I see an uptrend. But for now, it will go down. If the price goes below the beginning of Wave 1, a recount will be needed. Until then, the rules and guidelines are respected

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Price in a correction. It temporarily goes on the upside, forming a 3-3-5 correction. General downtrend. I marked a few retracement levels of the previous bigger AB waves that the pair may hit in the medium-term future

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Foggy market conditions for now in USD/JPY Why? Watch the price action how it unfolds to take the best decision medium-term. (4h chart) Currently, we are in a corrective Wave 4. Price can either go up forming a flat, or it can go down now, unfolding in a zigzag. - It needs to be watched. Longer term, the price will go UP, forming the final Wave 5 on the upside

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On the 15 min chart, we are also in a correction. This time, we are in the middle of a Wave 4 - waiting to see how it unfolds (what corrective pattern it will be). After that, the smaller subwave 5 will start on the downside, completing also the final, bigger Wave 5 on the downside. Short, for now (but watch the current correction)

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Minimum next price target on the downside, to form a last Wave 5. We don't have yet 5 subwaves formed for this current impulse on the downside, which is why the price will drop more than the marked target, most probably, but that's a minimum for now, on a Daily chart

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The correction touched the marked red level as predicted. Action: Short : continuation of correction if price drops again below the marked 1.28215 price area. Long : if price goes above the 1.29818 area (but watch out for a resistance point around the end of a previous Wave 5

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Wave 5 on the upside or Wave C on the downside? Watch the EUR/JPY price to see how it unfolds. For now, the price can retrace more up to the third red line marking the 152.210 price area. The other option (less likely though, but still possible) is that we have a final Wave 5 on the upside and the price will probably surpass the price level of the previous Wave 3.

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As an update from yesterday, the correction on the upside is still continued up to apprxoimately the marked levels. Wave C is forming as a corrective wave on the upside for now.