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74%
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.
English (International)
The USD/JPY is following the path of least resistance mentioned in the wave analysis earlier this week: a turn at the 38.2% Fibonacci resistance level at wave A (orange) followed by an ABC deep correction within wave B (orange). A bullish bounce co
...The EUR/USD showed a strong bullish 4 hour candle at the support trend lines (green/blue), which indicates the potential completion of the wave 4 (green) correction. A break above the resistance trend line (red) increases the chance for a wave 5 (
...The EUR/USD is showing bearish continuation as expected in the wave analysis earlier this week. Price is building a potential ABC (purple) correction within a larger wave 4 (green). The main target of the ABC are the Fibonacci levels of wave 4 vs
...The USD/JPY bounced at the support zone (green lines) of the previous daily bottom and broke above the resistance trend line (dotted orange). The wave structure is therefore favouring a completion of the wave A (brown) at the newest low and the cur
...The EUR/USD divergence between the tops (purple line) could create a larger bearish retracement via an ABC correction (purple). A break of the top and 100% Fibonacci level of wave B vs A at 1.1910 could indicate an uptrend continuation.
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