Recent content by Admiral Markets

  1. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    GBP/USD Falling Wedge Pattern Approaches Support within Wave-4 GBP/USD 4 hour 27-09-2017gu4.png1668x754 202 KB The GBP/USD seems to be building a falling wedge chart pattern (green/yellow lines). Price is now testing the support of that wedge. The corrective chart pattern fits within the...
  2. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    EUR/USD, GBP/USD Build Key Sideways Correction and Chart Patterns EUR/USD 4 hour 25-09-2017eu4.png1668x754 232 KB The EUR/USD is moving sideways as price stays in between support (green) and resistance (red) trend lines. The overall trend however is up and a bearish break could stop at...
  3. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    Bullish EUR/USD, GBP/USD Test Resistance Fibonacci Levels EUR/USD 4 hour 22-09-2017eu4.png1668x754 236 KB The EUR/USD is probably in an extended correction within wave 4 (blue) when considering the sideways price movement between support (green) and resistance (red). Currently I’m...
  4. Admiral Markets

    Technical Analysis by Admiral Markets

    USD/JPY Risk On Sentiment Pushing the Pair Towards 112 Zone 1809.jpg1554x751 253 KB The USD/JPY is being pushed towards next resistance by the backwind of risk on sentiment that is currently dominating the Forex market. When risk on sentiment is prevailing Gold goes down, Commodities are...
  5. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    GBP/USD Bull Flag Continuation Chart Pattern Targets 1.3750 GBP/USD 4 hour 18-09-2017gu4.png1231x505 50.3 KB The GBP/USD bullish momentum is strong and probably part of a wave 3 (blue). The resistance line (orange) is a potential resistance from the daily chart. 1 hour...
  6. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    EUR/USD Completes ABC Correction at 100% Fibonacci Level EUR/USD 4 hour 15-09-2017eu4.png1230x503 61.5 KB The EUR/USD made a bullish bounce at the 100% Fibonacci level of wave C (red). Price will need to break above the resistance trend line (red) before the completion of wave 4 (blue)...
  7. Admiral Markets

    Technical Analysis by Admiral Markets

    GBP/USD BOE Official Bank Rate Decision Important Levels 1409.jpg1554x751 232 KB The Bank of England MPC decision is due at 11 PM GMT. Market is expecting that policymakers leave interest rates at 0.25 %. But what traders and investors should be focused at is how many of policymakers will...
  8. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    USD/JPY Bullish Momentum Faces Strong 111 Resistance Zone USD/JPY 4 hour 14-09-2017uj4.png1229x504 56.2 KB The USD/JPY bullish momentum broke above the resistance trend line (dotted brown) but price has a strong horizontal resistance level nearby (red). Price seems to be building 5...
  9. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    EUR/USD Break, Pullback and Continuation Pattern at 1.20 Resistance EUR/USD 4 hour 31-08-2017eu4.png1668x754 222 KB The EUR/USD broke above the 1.20 round level resistance and continued its bullish momentum towards the 23.6% Fibonacci target at 1.2075. Price made a strong bearish...
  10. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    EUR/USD Break, Pullback and Continuation Pattern at 1.20 Resistance EUR/USD 4 hour 30-08-2017eu4.png1668x754 215 KB The EUR/USD broke above the 1.20 round level resistance and continued its bullish momentum towards the 23.6% Fibonacci target at 1.2075. Price made a strong bearish...
  11. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    EUR/USD Bullish Break above Triangle Pattern Challenges 1.20 EUR/USD 4 hour 28-08-2017eu4.png1668x754 209 KB The EUR/USD did break above the resistance trend line (dotted red) of the triangle chart pattern as expected. This breakout is a continuation of wave 5 (green) of wave 3 (blue)...
  12. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    GBP/USD Challenges Resistance of Downtrend Channel after 1.2775 Bounce GBP/USD 4 hour 25-08-2017gu4.png1668x790 230 KB The GBP/USD is testing the resistance line of the downtrend channel (red) after indeed bouncing near the round quarter support level of 1.2750. A bullish breakout could...
  13. Admiral Markets

    Technical Analysis by Admiral Markets

    GBP/USD Weekly L3 and D H4 Confluence In Downtrend 2408.jpg1554x927 266 KB The GBP/USD broke below 1.2020, the weekly L3 level, thus turning the support into a resistance. After a short breakout that I showed on live trading webinar yesterday, the pair started to retrace towards the POC...
  14. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    EUR/USD Retests Resistance of Bull Flag Pattern at 1.1825 EUR/USD 4 hour The EUR/USD is challenging the resistance trend line (red) of the bull flag chart pattern. At the moment it is unable to break and a correction back to the support trend lines is possible. The next breakout above...
  15. Admiral Markets

    Elliott Wave Analysis by Admiral Markets

    EUR/USD Slips Back into Triangle Pattern and Awaits Breakout EUR/USD 4 hour 

The EUR/USD failed to immediately continue with the bullish breakout yesterday and is building an expanded wave 4 (green) correction via a WXY (purple) pattern. A next breakout above the resistance trend line...
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