Chris Svorcik | TalkMarkets | Page 57
Forex Trader, Analyst, Educator
Contributor's Links: Elite CurrenSea
Chris Svorcik is co-founder, trader, and analyst with Elite CurrenSea since 2014. He is the creator of the trading method called ecs.SWAT (simple wave analysis and trading) which is based on the chart and price patterns of the financial markets. Chris’s favorite tools for Forex analysis are ...more

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GBPUSD, USDJPY Moving Quickly In Wave C Momentum
The EUR/USD broke the resistance trend line of the downtrend channel. This bullish break is most likely a corrective wave 4 of a lower degree. The 123 becomes more likely than an ABC if price manages to extend beyond the 161.8% Fibonacci target.
EURUSD, GBPUSD Break Long-Term Resistance But With Different Wave Counts
The EUR/USD is testing the resistance trend line of the downtrend channel. The GBP/USD bullish price action had sufficient momentum to break above the long-term resistance trend line.
Key Triangles Visible On 3 Major Forex Pairs
The EUR/USD broke below the horizontal support as the bearish channel maintains its momentum to the 100% Fibonacci level.
USD Gains Versus EUR And JPY But Loses Against GBP
The EUR/USD is showing strong bearish candles as it approaches a horizontal support level.
EUR/USD Breaks Bear Flag Pattern, GU Builds Bullish Zigzag
The EUR/USD broke the bear flag chart pattern as price heads lower to the Fibonacci targets
EUR/USD, GBP/USD Break Of Support Lines Verify ABC Zigzags
The EUR/USD broke below the support trend line and made a bearish breakout. The bullish corrections have been weak so far.
Forex Forecast: High Probability Of Key Trend Line Breaks
High probability of key trend line breaks.
Forex Market Builds Remarkable Zigzag And Chart Patterns
The EUR/USD remains above the support trend line (solid green), which could mark the difference between a retracement (for more upside) or a reversal (for more downside).
EUR/USD Continues Bearish Momentum And Confirms 5 Wave Decline - May 6, 2016
The EUR/USD broke another support trend line yesterday and the bearish decline is picking up speed. The GBP/USD's decline has expanded with more bearishness. The USD/JPY has gone sideways yesterday.
EUR/USD Continues Bearish Momentum And Confirms 5 Wave Decline
The EUR/USD broke another support trend line yesterday and the bearish decline is picking up speed.
EURUSD, GBPUSD: Bearish Price Action Above Critical Support
The EUR/USD completed the bullish wave. The GBP/USD broke the inner support trend line. The USD/JPY is showing a strong bullish bounce after breaking a resistance trend line.
US Dollar's Dramatic 'Close And Reverse' After Completing Waves 5
The EUR/USD reached the 61.8% Fibonacci target before showing a 'close and reverse' formation which sparked strong bearish price action.
Wave Analysis Explains Extension Of U.S. Dollar Weakness
The EUR/USD managed to break above the 1.15 resistance level. The GBP/USD remains in an uptrend as long as price stays above the support trend line. The USD/JPY has respected the 38.2% Fibonacci retracement level.
Weekly Forex Overview: Strong USD Signals
The GBPUSD and EURUSD are showing bullish strength as candles close near the highs. The USDJPY has reached the critical 38.2% Fibonacci level of the monthly chart and the AUDUSD is showing signs of indecision.
Major Currency Pairs Arrive At Invalidation Levels
The EUR/USD break above resistance indicates a completion of the ABC.
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