Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
CONTINUE

Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • Guarantee Fund
  • Negative balance protection
CONTINUE

Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • ICF protection
  • Negative balance protection
CONTINUE

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
CONTINUE
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Regulator fca efsa CySEC asic

EUR/USD Testing Wave 4 Fibonacci Support at 1.18

October 16, 2017 05:30

EUR/USD

4 hour

The EUR/USD is challenging a resistance trend line (orange). A bullish breakout could see price challenge the larger resistance (red) but it remains unclear whether price is in a wave 5 or in an expanded wave 4 at the moment. The 1-hour chart however could provide more guidance about that aspect.

1 hour

The EUR/USD has retraced back to the 50% Fibonacci level of wave 4 (pink). Price could be ready for a bullish continuation as long as price stays above the 61.8% Fibonacci level. A continuation of the wave 5 would indicate a long-term bullish signal as it completes 5 waves within a larger potential wave 1. A break below 1.18 however could indicate that the wave 4 (purple) is still intact and price could bounce again at the previous bottom around 1.17.

GBP/USD

4 hour

The GBP/USD offers two main scenarios where either a bearish ABC (green) or a wave 123 (green) is taking place. Price invalidates that wave 4 (orange) correction if price breaks above the bottom of wave 1 (red line).

1 hour

The GBP/USD is building a triangle pattern (orange/blue lines). A bearish break could confirm the completion of wave 4 (orange) whereas a bullish break could invalidate it.

USD/JPY

4 hour

The USD/JPY could be building a larger WXY (pink) correction within wave 2 or B (purple).

1 hour

The USD/JPY is in a bearish channel (orange/blue lines) which could be part of a bearish wave Y (purple). A break above the channel could indicate a potential retracement within wave X (pink).

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

Zero to Hero Trading Course


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.