Admiral Markets
AdmiralMarkets.com Representative
- Messages
- 95
Impact of FED’s Rate Hike on Forex Market
EUR/USD
4 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014eu4.png&hash=9e804b71aed125233b730fc2dafc1750)
The FED's decision to increase interest rates in the US caused lots of volatility in the market. The EUR/USD moved lower eventually during the news but price is still far away from the current year low. For the moment I am not expecting price to break below this year's low (green line) and hence the wave count is now showing a wave X retracement (green).
1 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014eu1.png&hash=9ffa602a6ac751fc102ebe42ec2c2d2e)
The EUR/USD bearish price action has been slow and therefore the wave count is showing an ABC zigzag rather than a 123 (brown).
GBP/USD
4 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014gu4.png&hash=6fa70e5e6212db57e51e0bf09bd6090b)
The FED's decision to increase interest rates in the US caused lots of volatility in the market but the GBP/USD has managed to make a bearish turn at the top of the channel and is now breaking below support within the downtrend channel.
1 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014gu1.png&hash=b46e1b9738b8c93c97b6b1e9861a9e0d)
The GBP/USD broke below the support trend line (dotted green) and is moving lower to the targets of wave 5 (blue) of wave 3 (grey).
USD/JPY
4 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014uj4.png&hash=25bc631ffcb5daff9ea35713af3f9859)
The FED's decision to increase interest rates in the US caused lots of volatility in the market but in the end a bullish 5 wave pattern emerged (pink). The 5 wave pattern has changed the bearish count from a potential A to the current C (green) of Y (blue).
“Original analysis is provided by Admiral Markets”
EUR/USD
4 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014eu4.png&hash=9e804b71aed125233b730fc2dafc1750)
The FED's decision to increase interest rates in the US caused lots of volatility in the market. The EUR/USD moved lower eventually during the news but price is still far away from the current year low. For the moment I am not expecting price to break below this year's low (green line) and hence the wave count is now showing a wave X retracement (green).
1 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014eu1.png&hash=9ffa602a6ac751fc102ebe42ec2c2d2e)
The EUR/USD bearish price action has been slow and therefore the wave count is showing an ABC zigzag rather than a 123 (brown).
GBP/USD
4 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014gu4.png&hash=6fa70e5e6212db57e51e0bf09bd6090b)
The FED's decision to increase interest rates in the US caused lots of volatility in the market but the GBP/USD has managed to make a bearish turn at the top of the channel and is now breaking below support within the downtrend channel.
1 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014gu1.png&hash=b46e1b9738b8c93c97b6b1e9861a9e0d)
The GBP/USD broke below the support trend line (dotted green) and is moving lower to the targets of wave 5 (blue) of wave 3 (grey).
USD/JPY
4 hour
![](/community/proxy.php?image=https%3A%2F%2Ffxmedia.s3.amazonaws.com%2Farticles%2F17-12-2014uj4.png&hash=25bc631ffcb5daff9ea35713af3f9859)
The FED's decision to increase interest rates in the US caused lots of volatility in the market but in the end a bullish 5 wave pattern emerged (pink). The 5 wave pattern has changed the bearish count from a potential A to the current C (green) of Y (blue).
“Original analysis is provided by Admiral Markets”