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.

Admiral Markets Cyprus Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC): License number 201/13.

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
CySEC

EUR/USD Bearish Channel Runs into 38.2% Fib and Divergence

February 11, 2018 12:30

EUR/USD

4 hour

The EUR/USD bearish channel is challenging the Fibonacci levels of wave 4 (purple). The 38.2% Fibonacci retracement level is an often used reversal spot for wave 4s. A break above resistance (red/orange) could see the start of a wave 5 (purple). A break below the 50-61.8% Fib support makes a wave 4 less likely.

1 hour

The EUR/USD is showing divergence between price and the oscillator, which could increase the chance of a bullish breakout and reversal. The EUR/USD could be starting a wave 5 (purple) If price manages to break above the resistance trend lines (red/orange).

GBP/USD

4 hour

The GBP/USD broke below the support trend lines (dotted blue) and is continuing with the bearish pressure. Although a break below the 50% Fib is making a wave 4 (green) less likely, a bounce at the trend line and 61.8% Fib could still start a bullish reversal.

1 hour

The GBP/USD is probably completing a bearish ABC zigzag correction (grey). The wave C (grey) is probably building 5 waves and the current wave 4 (orange) should stay below the 50% Fib otherwise the wave 4 is invalidated.

USD/JPY

4 hour

The USD/JPY made a new lower low which invalidated the immediate bullish reversal but price still remains at a strong support level (green/blue). Price would need to break below this support zone before a bearish continuation within wave 2/B (light purple) is likely.

1 hour

The USD/JPY remains choppy and corrective. Price needs to break above resistance (red) before an uptrend continuation is likely.

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

Metatrader 4 (MT4) Forex and CFD trading platform


Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.