Admiral Markets - Analytics

Admiral Markets

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Daily Wave Analysis for 5 February 2015


4 hour EURUSD: a break below the support trend line (green) could indicate the start of the bearish wave 5 (purple).


60 min EURUSD: yesterday’s price decline will most likely turn out to be a wave 1 (green) of the bigger wave 5 (purple).

GBPUSD


4 hour GBPUSD: the wave 4 (green) seems to have become expanded with a wider WXY (purple).


60 min GBPUSD: yesterday’s price rise is probably a wave A (blue) of a bigger wave Y correction (purple).

USDJPY


4 hour USDJPY: the USDJPY is in large triangle formation, which is best indicated by the trend lines (orange and green).


60 min USDJPY: price is making complex corrections within the range (shown via the trend lines).



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