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 Tests Resistance Whereas GBP/USD at Key Support

December 21, 2017 07:30

EUR/USD

4 hour

The EUR/USD is testing the Fibonacci levels of wave X v W. A break above the 138.2% Fibonacci level invalidates this wave X pattern and could indicate a larger bullish breakout. A bearish reversal could send the EUR/USD lower to test the Fib levels of wave 2 vs 1 (pink).

1 hour

The EUR/USD broke the resistance of the rising wedge pattern yesterday and is now challenging support trend lines (blue).

USD/JPY

4 hour

The USD/JPY is now challenging the resistance level of wave B (purple). A bearish bounce could see price fall towards the Fib levels of wave 2 or B (light purple).

1 hour

A break above the 100% level at 113.75 would invalidate the ABC zigzag (purple) and indicate that the current wave C (blue) could rather be a wave 3.

GBP/USD

4 hour

The GBP/USD support and resistance trend line seems to be a large bull flag chart pattern. A bullish breakout could confirm the pattern and a wave 5 of wave C.

1 hour

The GBP/USD seems to be building a potential ABC (blue) within a larger wave 1-2 (green) pattern.

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

Wave analysis ebook