Admiral Markets - Analytics

    Admiral Markets

    556.00 6.50/10
    83% of positive reviews

    Euro Weakness Dominates Forex Market

    4 hour EURUSD: the Euro weakness is dominating the Forex market, which means that the EURUSD has been falling strongly. This can be most likely explained by wave 3 (dark green) of the bigger wave 5's.

    60 min EURUSD: price is even accelerating faster within the wave 3 (dark green) with a 5 wave of a lower degree (blue).


    4 hour GBPUSD: the bearish turn was expected but price has so far fallen very impulsively, which means that the wave count is subjective to change if breaks below the 100% Fibonacci target.

    60 min GBPUSD: the downside is reaching a critical bounce or break spot when approaching the Fib targets.


    4 hour USDJPY: the USDJPY managed to break above the key and very strong resistance zone of 120.50-120.80.

    60 min USDJPY: price will most likely use the broken resistance as a support level in a wave 1-2 (blue) breakout. 

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree