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
  • Tagatisfond protection
  • 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 Wave 3 Momentum after 1.13 Bounce and Trend Line Break

July 07, 2017 04:45

EUR/USD

4 hour

The EUR/USD used the broken top and support zone (blue box) to bounce up. Price then broke above the resistance trend line (dotted red) and is now heading towards the Fibonacci target of wave 5 vs 1+3 and the round level of 1.15.

1 hour

The EUR/USD is showing strong bullish momentum as part of a wave 3 (orange). Once price makes a correction, there could be a wave 4 and 5 before completing wave 5 (brown).

USD/JPY

4 hour

The USD/JPY extended the uptrend by showing a bullish break above the resistance trend line (dotted red). Price is now moving towards the Fibonacci targets of wave 5 vs 1+3.

1 hour

The USD/JPY failed to break the local support trend line (light blue) and bounced at support. A break above 114 could price move towards 115.

GBP/USD

4 hour

The GBP/USD bounced back up after strong bullish momentum. The Cable is now approaching a strong resistance trend line (red). A break above it could see price extend the uptrend.

1 hour

The GBP/USD broke above the resistance trend line (dotted orange) after bouncing to complete a wave 4 (purple). A break above the next resistance trend line (red) could see price start a wave 3 (purple).

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.