Admiral Markets - Analytics

Admiral Markets

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Daily Wave Analysis for 25 February 2015


4 hour EURUSD: the main support and resistance lines of the consolidation are between /- 1.1275 and 1.1450. The invalidation level for the wave 4 is the bottom of wave 1 (red line).


60 min EURUSD: price failed to break to lower grounds yesterday and ultimately bounced off the support trend line (green) several times.

GBPUSD


4 hour GBPUSD: the break out above the long-term resistance (dotted orange) has introduced a choppy 4 hour uptrend so far.


60 min GBPUSD: price is building an ascending wedge chart pattern (blue and red trend lines).

USDJPY


4 hour USDJPY: the wave count currently indicates that the wave X (purple) has been completed but there is a chance that price could still post a new high.


60 min USDJPY: price broke the resistance (dotted red) for a move up towards the wave X (purple) targets.



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