Market Analysis of the 2nd of February 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1

Click on the Menu on "Market Analysis" for all the analysis.

Some nice clear trends:

EUR/USD: We are in still in a big wave 3 down, some pullback but no divergence
GBP/USD: Wave 3 down but we have now a first divergence, still downtrend
USD/JPY: We are in the wave 4, we expect wave 5, it looks like a D1 setup as we have few bars with same low and therefore a small box
USD/CHF: Downtrend, we could expect some move short after that BDC at the red line
AUD/USD: We are in the wave 5 down with alligator line wide open, it could become a new wave 3 down
EUR/JPY: We are in a big wave 3 down, some pull back and a BDC but no divergence, downtrend
USD/CAD: We are in a big wave 3 up peaking
NZD/USD: We are in a wave 5 down with alligator lines wide open, it could become a new wave 3 down
XAU/USD: Wave 3 up, we had some pullback but the price bounced off the red line, long is still the direction.

For orientation/direction of trades, click  "Signals" in the menu (from Monday 2nd 8:00 GMT+1)

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