Admiral Markets - Analytics

    Admiral Markets

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    Trend Lines are Dominating the Major Currency Pairs

    EUR/USD

    4 hour


    The 100% Fibonacci target of wave Y (magenta) is equal to the 23.6% retracement of wave 4 (green).

    1 hour


    Price could be close to a bullish breakout when it pushes above the resistance trend line (orange).

    GBP/USD

    4 hour


    The GBPUSD is in a contracting triangle, which is symbolized best by the support and resistance trend lines (green and orange) on the chart.

    1 hour


    A breakout could occur if price manages to break above or below one of the two trend lines.

    USD/JPY

    4 hour


    The USD/JPY completed the wave B (red) quickly and is now in a bearish momentum as part of a zigzag correction (ABC) within the wave 4 (dark red).

    1 hour


    An expansion of the correction could be taking place on the lower time frames as the USD/JPY completes a wave W (red).


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