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 Continues Lower within Bearish Wave C

February 21, 2018 05:30

EUR/USD

4 hour

The EUR/USD is probably building a WXY corrective pattern within wave 4 (purple) unless price breaks below the support levels (green/blue), which could indicate that price has completed the 5th wave (purple) at the most recent high.

1 hour

The EUR/USD seems to be in a bearish ABC (green) zigzag.

GBP/USD

4 hour

The GBP/USD bullish breakout above resistance (red) could indicate a continuation within wave 5 (green) whereas a bearish break below support (green/blue) could indicate a new downtrend.

1 hour

The GBP/USD is challenging the 61.8% Fibonacci level of wave 4 (blue).

USD/JPY

4 hour

The USD/JPY is still retesting the resistance levels of the downtrend.

1 hour

The USD/JPY is probably in a correction within potential wave 4 (orange) unless price breaks above the 61.8% Fib and the previous bottom (red).

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

Wave analysis ebook


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.