Antony_NPBFX
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EUR/USD: wave analysis on 09/08/2017
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the EUR/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The pair is in correction.
On the 4-hour chart the upward trend is developing as a third wave of the higher level 3. At the moment the formation of the local correction as a fourth wave (iv) of v of 3 of the lower level is ending. If the assumption is correct, the pair will grow to the level of 1.2000. The level of 1.1680 is critical for this scenario.
Main scenario
Long positions can be opened during the correction, above the level of 1.1680 with the target at 1.2000.
Alternative scenario
The breakdown and the consolidation of the price below the level of 1.1680 will let the pair go down to the levels of 1.1610–1.1540.
Use more opportunities of the NPBFX analytical portal: glossary
Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on the EUR/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The pair is in correction.
On the 4-hour chart the upward trend is developing as a third wave of the higher level 3. At the moment the formation of the local correction as a fourth wave (iv) of v of 3 of the lower level is ending. If the assumption is correct, the pair will grow to the level of 1.2000. The level of 1.1680 is critical for this scenario.
Main scenario
Long positions can be opened during the correction, above the level of 1.1680 with the target at 1.2000.
Alternative scenario
The breakdown and the consolidation of the price below the level of 1.1680 will let the pair go down to the levels of 1.1610–1.1540.
Use more opportunities of the NPBFX analytical portal: glossary
Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX.
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