Admiral Markets - Analytics

    Admiral Markets

    557.00 6.50/10
    83% of positive reviews
    Real

    USD Uptrend Stalling and Building Bearish Zigzag

    EUR/USD

    4 hour

    Wave X (brown) could be considered completed if price breaks above the long-term resistance lines (orange/yellow). Alternatively it could head to lower levels for a wave X (brown) if it breaks below the support trend line (light green).

    1 hour

    The EUR/USD could go up to complete a wave Y (lavender) if it manages break above the resistance trend lines (yellow and orange).

    GBP/USD

    4 hour

    The GBP/USD has used the 78.6% Fibonacci level as a support level but a break out above the resistance is needed before the completion of wave X (blue) is confirmed.

    1 hour

    The trend lines are important as a bullish breakout (above magenta) could indicate a potential ABC (light green) whereas a bearish breakout (below green) would show the prospective of a downtrend continuation.

    USD/JPY

    4 hour

    The USD/JPY is making a bullish retracement but heavy layers of resistance are above it.

    1 hour

    The USD/JPY is seemingly building on an ABC zigzag (lavender), which could take it up to the resistance (red and yellow).


    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