Regulator

What happens if I select a regulator?

Admiral Markets UK is regulated by the UK Financial Conduct Authority (FCA): Firm Ref № 595450.

Admiral Markets AS is regulated by the Estonian Financial Supervision Authority (EFSA): License № 4.1-1/46.

Selecting one of these regulators will display the corresponding information across the entire website. If you would like to display information for a different regulator, please select it.

Thank you, got it
fca
efsa

Bullish EUR/USD Retraces to 50% Fib Level of Wave-4

November 16, 2017 05:00

EUR/USD

4 hour

EUR/USD reached the 161.8% Fibonacci target of wave 3 (pink) after breaking above the 1.1750 resistance. The current bearish price action could be a retracement within this impulsive wave 3 pattern (pink).

1 hour

The EUR/USD is probably building multiple wave 3s now. The Fibonacci levels of wave 4 (purple) could act as support and create a potential bouncing spot for a continuation of wave 3 (pink).

GBP/USD

4 hour

The GBP/USD is unable to break the support (blue) and resistance (red) trend lines. A breakout is needed before a larger directional move can be expected, although a bullish breakout still faces resistance from the Fibonacci levels of wave 2 (orange).

1 hour

The GBP/USD could be expanding the choppy correction via a complex correction of WXY (green).

USD/JPY

4 hour

The USD/JPY's choppy bearish trend channel bounced at the 23.6% Fibonacci level. A bearish breakout below the 23.6% Fib could see a drop lower to the Fibonacci levels of wave 2 or wave B (light purple).

1 hour

The USD/JPY is testing the Fibonacci support and trend line (blue). Price could be building an ABC (blue) within wave B (blue).

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

Download MT4 Supreme Edition - Forex trading platform