Trend/Wave/Extreme Analysis

fter performing a quick scan of the markets using the Trend/Wave/Extreme under the 4 Hour timeframe we can see that the USD continues to be strong trending against all its counter-currencies. Also in most of the case the wave is also pointing USD strength and also overbought conditions. A sign of USD dominance which also means it may be to late to jump to a trade. Nevertheless there is still USDCAD and GBPUSD which have not yet reached USD overbought conditions that could be pottential trades.
http://www.theforexcabin.com/wp-cont...x-20140812.png Read about the Trend/Wave/Extreme system here

AUDUSD (H4)
This is a trade that can go both ways so it's up to you how you play it.
http://www.theforexcabin.com/wp-cont...D-20140813.png
If you want to SELL

1. Trend bar is marginaly Down Red filled pointing Down Trend
2. A down trend line chart pattern.
3. Wave bar is showing Up and Extremes bar is pointing highly overbought.
4. Significant resistance at 0.9300-0.9330 area,

If you want to BUY

1. Trend bar is marginaly Down Red filled pointing Down Trend is about to finish and Up Trend may start.
2. A potential reverse head and shoulders chart pattern which a signal for reversal.
3. Wave bar is showing Up and Extremes bar are showing up is a sign of strong up move momentum

Read about the Trend/Wave/Extreme system here and about today's analysis here.

AUDNZD (H4) Potential Sell http://www.theforexcabin.com/wp-cont...D-20140814.png
This is a trade that has great potential if a breakout to the downside occures and a reversal occures.
Using the Trend/Wave/Extreme mini indicator we can see

1. The Trend Bar is marginally Green Up filled which is an indication that the UpTrend may be ending
2. Wave and Extreme Bars are Dowd Red filled which is an idication of Strong Down Side Momentum
3. The chart pattern shows an Up Trend which has been trapped within a range (1.1040-1.092) and unable to reach higher.

Read about the Trend/Wave/Extreme system here and about today's analysis here.

EURJPY (Daily) SELLhttp://www.theforexcabin.com/wp-cont...-201408.15.png
The Trend/Wave/Extreme mini indicator is showing us

1. The Trend Bar is Red filled pointing Down Trend
2. Wave and Extreme Bars are Up Overbought pointing an up correction that may be ending
3. A very solid down trend line.
4. The correction so far has been 160 pips which makes this sell highly lucrative

Note*: Keep an eye at the 137.50 level as a potential breakout and reversal to the upside may occur there
If you are planning on selling this pair wait for two consecutive down candles.

Read about the Trend/Wave/Extreme system here and today's analysis here.

GBPUSD (H4) SELL

http://www.theforexcabin.com/wp-cont...D-20140818.png

The Trend/Wave/Extreme mini indicator is showing us

1. The Trend Bar is Red filled pointing Down Trend
2. Wave and Extreme Bars are Up Overbought pointing an up correction that may be ending
3. A very solid down trend line.
4. 2 consecutive down candles
5. The correction so far has been 60 pips

Read about the Trend/Wave/Extreme system here and today's analysis here.

EURAUD (H4) SELL
This is a trade that you can still take as despite being oversold it has competed a head and shoulders reversal pattern that could take the pair lower.http://www.theforexcabin.com/wp-cont...UD20140819.png
The entry point for this trade was 1.4360 after 2 consecutive down candles appeared.

Read about the Trend/Wave/Extreme system here .

GBPAUD (H4) SELL

http://www.theforexcabin.com/wp-cont...UD20140820.png

The Trend/Wave/Extreme mini indicator is showing us

1. The Trend Bar is Red filled pointing Down Trend
2. Wave and Extreme Bars are Up Overbought pointing an up correction that may be ending
3. A very solid down trend line.
4. The correction so far has been 140 pips making this a potentially very lucrative trade.

Read about the Trend/Wave/Extreme system here and today's analysis here.

NZDUSD (H4) SELL

http://www.theforexcabin.com/wp-cont...D-20140822.png

The Trend/Wave/Extreme mini indicator is showing us

1. The Trend Bar is Red filled pointing Down Trend
2. Wave and Extreme Bars are Up Overbought pointing an up correction that may be ending
3. A very solid down trend line.
4. The correction so far has been 70 pips

Read about the Trend/Wave/Extreme system here and today's analysis here.

GBPAUD (H4) SELL

http://www.theforexcabin.com/wp-cont...D-20140825.png

The Trend/Wave/Extreme mini indicator is showing us

1. The Trend Bar is Red filled pointing Down Trend
2. Wave and Extreme Bars are Up Overbought pointing an up correction that may be ending
3. A very solid down trend line.
4. The correction so far has been 85 pips

Note*: If you are planning on selling this pair wait for two consecutive down candles. Correction may not be over yet .

Read about the Trend/Wave/Extreme system here and today's analysis here.

CHFJPY (H4) BUY

http://www.theforexcabin.com/wp-cont.../08/CHFJPY.png

The Trend/Wave/Extreme mini indicator is showing us

1. The Trend Bar is Green filled pointing UP Trend
2. Wave and Extreme Bars are Down Oversold pointing a down correction that may be ending
3. A very solid Up trend line.
4. Two consecutive Up candles

Read about the Trend/Wave/Extreme system here

NZDUSD (H4) SELL
http://www.theforexcabin.com/wp-cont...D-20140827.png
The Trend/Wave/Extreme mini indicator is showing us

1. The Trend Bar is Red filled pointing Down Trend
2. Wave and Extreme Bars are Up Overbought pointing an Up correction that may be ending
3. A very solid Down trend line.
4. A 70 pips up correction

Read about the Trend/Wave/Extreme system here

CHFJPY (H4) SELL
The Currency Power indicator can be used to identify strong currencies (with scores closer to 10) to be sold against weak currencies (with scores closer to 0). Hence we pick the combination of Selling CHFJPY .

1. Buy JPY ,high score of 7.3
2. Sell CHF ,low score of 4.3http://www.theforexcabin.com/wp-cont...y-20140828.pngAfter analysing it also using the Trend/Wave/Extreme mini indicator

1. The Trend Bar is Red filled pointing Down Trend
2. Wave bar is fully loaded Red showing strong Down Momentum
3. Extreme bar is barely Oversold so this pair can move much lower
4. The chart pattern clearly shows a head and shoulders patterns with a neckline broken initially and being tested
5. The distance from the head to the neckline is around 70 pips, so a further 70 pip move is possible

Read about the Trend/Wave/Extreme system here and today's analysis here.

GBPAUD (H4) SELL
The Trend/Wave/Extreme mini indicator
http://www.theforexcabin.com/wp-cont...D-20140901.png

1. The Trend Bar is Red filled pointing Down Trend
2. Wave and Extreme bars are Green pointing an up correction that may have finished
3. A solid Down Trend Line

Read about the Trend/Wave/Extreme system here and today's analysis here.

GBPJPY (H4) BUY
This is a bonus trade that if goes as planned could bring several pips
The Trend/Wave/Extreme mini indicator is showing
http://www.theforexcabin.com/wp-cont...Y-20140903.png

1. The Trend Bar is Green filled pointing Up Trend
2. Wave and Extreme bars are red filled pointing a down correction that may have finished
3. A solid Up Trend Line

Read about the Trend/Wave/Extreme system here and today's analysis here.

AUDJPY (H4) SELL
The Trend/Wave/Extreme mini indicator

http://www.theforexcabin.com/wp-cont...4-1024x420.png

1. The Trend Bar is Red filled pointing Down Trend
2. A solid down trend line
3. A 170 pips correction has been completed and the down trend seems to have been resumed

Note: As the pair has left overbought region is likely you have lost some pips. Nevertheless there is strong support at 93.20 ,which upon breakout should see a big drop.

AUDUSD (H4) SELL
http://www.theforexcabin.com/wp-cont...4-1024x417.png

1. The Trend Bar is Red filled pointing Down Trend
2. Resistance at 0.8800 (suggested stop loss) has been held and the pair seems to be dropping again

Note: There is strong support at 86.80 ,which upon breakout should see a big drop.

GBPUSD(H4) SELL
For another Day we are reviewing this trade. The Trend/Wave/Extreme mini indicator is showing
http://www.theforexcabin.com/wp-cont...6-1024x469.png

1. The Trend bar is red down filled
2. Wave and Extreme Bars are Green filled pointing an up correction that may have finished
3. A 200 pips up correction
4. A solid down trend line

USDCAD(H4) BUY
The Trend/Wave/Extreme mini indicator is showing
http://www.theforexcabin.com/wp-cont...6-1024x466.png

 

1. The Trend bar is green up filled
2. Wave and Extreme Bars are red filled pointing a down correction that may have finished
3. A 15o pips correction
4. A solid up trend line

EURUSD(H4) BUY
The Trend/Wave/Extreme mini indicator is showing

http://www.theforexcabin.com/wp-cont...0-1024x443.png

1. The Trend bar is green up filled
2. Wave and Extreme Bars are red filled pointing a down correction that may have finished
3. A 15o pips correction
4. A solid up trend line

GBPCAD Sell( 4 HOUR)
Looking at the Trend/Wave/Extreme mini indicator
http://www.theforexcabin.com/wp-cont...3-1024x389.png

1. Trend and Wave Bars are down pointing a strong down move both long and short term
2. Extreme bar is slightly oversold because the pair is resuming its down trend
3. A strong down move
4. An up correction of 127 pips that seems to have finished and the down trend resuming

Looking at the simple form with percentages of Trend/Wave/Extreme indicator.
http://www.theforexcabin.com/wp-cont...2014.27.10.png

1. EUR vs USD and AUD is downtreding overbought
2. USD vs EUR ,CHF,JPY,NZD is uptrending overbought

Hence opportunities for those trades involving USD long and EUR short
EURAUD Sell( 4 HOUR)
Looking at the Trend/Wave/Extreme mini indicatorhttp://www.theforexcabin.com/wp-cont...0-1024x612.png

1. Trend bar is pointing down showing down trend
2. Wave and Extreme bars are overbought pointing an up correction that may be finishing
3. A strong down move
4. An up correction of 70 pips that seems to have finished and the down trend resuming

EURUSD Sell( 4 HOUR)
Looking at the [b]http://www.theforexcabin.com/wp-cont...0-1024x386.png

1. Trend bar is pointing down showing down trend
2. Wave and Extreme bars are overbought pointing an up correction that may be finishing
3. A strong down move
4. An up correction of 100 pips that seems to have finished and the down trend resuming

Trend Wave Extreme Analysis 6/11/2014

Report generated at 6/11/2014 9:10 GMT +2 Time

USDCAD Buy (4 hour)

https://dl.dropboxusercontent.com/u/...6USDCAD240.gif

1. Trend Bar is Green filled at a level of 78% showing Up trend
2. Wave and Extreme Bars are Red filled showing a Down correction should be ending
3. Correction so far has been 94 pips
4. Possible Take Profit 1.14645
5. Possible Stop Loss 1.12952/1.12697

GBPJPY Buy (4 hour)

https://dl.dropboxusercontent.com/u/...6GBPJPY240.gif

1. Trend Bar is Green filled at a level of 100% showing Up trend
2. Wave and Extreme Bars are Red filled showing a Down correction should be ending
3. Correction so far has been 174 pips
4. Possible Take Profit 184.312
5. Possible Stop Loss 182.574/178.721

AUDJPY Buy (4 hour)

https://dl.dropboxusercontent.com/u/...6AUDJPY240.gif

1. Trend Bar is Green filled at a level of 33% showing Up trend
2. Wave and Extreme Bars are Red filled showing a Down correction should be ending
3. Correction so far has been 166 pips
4. Possible Take Profit 98.84/99.71
5. Possible Stop Loss 98.05/96.02

EURCAD Buy (4 hour)

https://dl.dropboxusercontent.com/u/...6EURCAD240.gif

1. Trend Bar is Green filled at a level of 78% showing Up trend
2. Wave and Extreme Bars are Red filled showing a Down correction should be ending
3. Correction so far has been 142 pips
4. Possible Take Profit 1.4302/1.4323
5. Possible Stop Loss 1.4233/1.4199

NZDJPY Buy (4 hour)

https://dl.dropboxusercontent.com/u/...6NZDJPY240.gif

1. Trend Bar is Green filled at a level of 78% showing Up trend
2. Wave and Extreme Bars are Red filled showing a Down correction should be ending
3. Correction so far has been 130 pips
4. Possible Take Profit 89.24
5. Possible Stop Loss 87.94/86.14

CADCHF Sell (4 hour)

https://dl.dropboxusercontent.com/u/...6CADCHF240.gif

1. Trend Bar is Red filled at a level of -78% showing Down trend
2. Wave and Extreme Bars are Green filled showing an Up correction should be ending
3. Correction so far has been 79 pips
4. Possible Take Profit 0.8399/0.8345
5. Possible Stop Loss 0.8472/0.8517

GBPCAD Buy (4 hour)

https://dl.dropboxusercontent.com/u/...6GBPCAD240.gif

1. Trend Bar is Green filled at a level of 78% showing Up trend
2. Wave and Extreme Bars are Red filled showing a Down correction should be ending
3. Correction so far has been 122 pips
4. Possible Take Profit 1.8258/1.8286
5. Possible Stop Loss 1.8164/1.8065

#CLZ4 Sell (4 hour)

https://dl.dropboxusercontent.com/u/...%23CLZ4240.gif

1. Trend Bar is Red filled at a level of -56% showing Down trend
2. Wave and Extreme Bars are Green filled showing an Up correction should be ending
3. Correction so far has been 349 pips
4. Possible Take Profit 75.84/17.61
5. Possible Stop Loss 79.12/79.33

Read about the Trend/Wave/Extreme system here