Forex Majors – February Patterns & Wave Counts
Forex Majors – February Patterns & Wave Counts
Markets: FX Majors
- Dollar Index (DXY)
- EUR/USD
- GBP/USD
- USD/JPY
- USD/CHF
- AUD/USD
- NZD/USD
Forex Majors have been showing signs of excessive volatility with the end of 2018 and the start of 2019.
The USD held its ground pretty well against all counter currencies, with the DXY continuously consolidating towards the up-side.
However, this could be a period when the tables can turn, as the USD could be reversing lower soon.The most recent “Crash Sequence & Brexit Volatility vs Wave Patterns” report is displaying the bigger picture.
USD could face a sell-off soon, thus leaving room for other currencies to take advance and start their recoveries.
Forex Majors – February Patterns
DXY – 2H Chart (picture)
DXY labeled in a complex corrective structure which could lead towards a bearish impulse ahead.
DXY – 2H Interactive Chart
EUR/USD – 2H Chart (picture)
#EUR/USD labeled in a complex corrective structure, with a pattern awaiting to be finalized. Euro-Dollar should go bullish from here, with a violent move on the up-side as the next interpretation.
EUR/USD – 2H Interactive Chart
GBP/USD – 2H Chart (picture)
#GBP/USD labeled in a bullish impulse within Intermediate (C) (green), with Minor 1 & 2 (green) finalized. Pound-Dollar should go bullish from here, with an aggressive rally expected in Minor 3 (green).
GBP/USD – 2H Interactive Chart
USD/JPY – 4H Chart (picture)
#USD/JPY labeled in a corrective pattern, with Minor A (green) rising after the flash-crash. Minor B (green) appears to have unfolded as a Running Flat and Minor C (green) should be ending soon, at or around the Golden Ratio. Dollar-Yen should return to the bearish sequence soon.
USD/JPY – 4H Interactive Chart
USD/CHF – 2H Chart (picture)
#USD/CHF labeled in an impulsive sequence, with all 5 waves on the up-side complete. Minute V (green) is unfolding with an Ending Diagonal and this could be the unicorn, as this type of pattern usually forms right before a big move. Dollar-Swiss should turn to the bearish side in an impulsive manner.
USD/CHF – 2H Interactive Chart
AUD/USD – 2H Chart (picture)
#AUD/USD labeled in a bullish correction of a larger degree pattern, with Intermediate (A) (green) unfolding as a Leading Diagonal , and Intermediate (B) (green) unfolding as an Expanding Flat structure. Intermediate (C) (green) would be rising in a rally, with an aggressive and impulsive buying stance expected for the Aussie-Dollar.
AUD/USD – 2H Interactive Chart
NZD/USD – 2H Chart (picture)
#NZD/USD labeled in a bullish sequence in Intermediate (C) (turquoise), with Minor 1 & 2 (green) marked as complete. Minute II (green) should finalize soon, thus leaving room for Minute III (green) to start its bullish swings. Kiwi-Dollar should rally from here.
NZD/USD – 2H Interactive Chart
