Admiral Markets - Analytics

    Admiral Markets

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    83% of positive reviews
    Real

    Currency Pairs Offer Clear Invalidation Levels

    EUR/USD

    4 hour

    The EUR/USD has been moving up and down in a relatively tight zone over the last weeks with clear support and resistance levels on both sides.

    1 hour

    Price is slowly being squeezed between the contacting triangle pattern as time progresses and space becomes tighter.

    GBP/USD

    4 hour

    The GBP/USD has bounced at the 50 Fibonacci level but it requires a break above the immediate resistance trend line (red) to confirm the completion of wave X (blue). Otherwise there is a chance price could retrace lower to the 61,8 Fib level.

    1 hour

    A break above the confluence of intermediate and short resistance trend lines (red) could lead to the start of the waves Y. A break below support (green) could mean that the wave X (blue) will get extended to a lower spot.

    USD/JPY

    4 hour

    The USD/JPY remains in a bigger consolidation as price diligently respects the support and resistance levels.

    1 hour

    The USD/JPY has made a couple of zigzags (ABC formations) in a row and could be building on another one.


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