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

EUR/USD Completes Wave 5 and Reverses at Fibonacci Resistance

December 15, 2017 05:00

EUR/USD

4 hour

The EUR/USD respected the resistance zone which was indicated by the wave C (blue) of wave X (purple). Price is now in between support (blue) and resistance (red) trend lines. A bearish break would make the current wave pattern likely and could see price challenge the Fibs of wave 2 (pink).

1 hour

The EUR/USD completed its 4 and 5th wave (green) yesterday as expected. Price made a reversal and is now challenging a support trend line (blue). An immediate bearish breakout could see price fall lower whereas a bullish bounce could be part of wave B (blue).

GBP/USD

4 hour

The GBP/USD is in a bullish channel (green lines) but price is close to a key resistance trend line (red).

1 hour

A bullish breakout above resistance (orange/red) could see price move higher towards the Fibonacci targets of waves 5.

USD/JPY

4 hour

The USD/JPY continued lower within wave A (purple). A bullish bounce is probably part of a wave B (purple) correction within a larger wave 2/B (light purple).

1 hour

The USD/JPY could be building a wave 5 (blue) of wave A (purple). A break above resistance trend line (red) could start wave B (purple).

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

Wave analysis ebook


' + key + "=" + value + ''); } else { return uri + separator + key + "=" + value; } } function getCookie(name) { var value = "; " + document.cookie; var parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } $('.kmi-listener').on('click', function() { if($(this).attr("href").indexOf('kmi=') == -1) { var km_cookie = getCookie('km_ni') || getCookie('km_ai'); if(km_cookie) { $(this).attr("href", updateQueryStringParameter($(this).attr("href"), 'kmi', km_cookie)); } } });