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

Trend Lines Offer Break and Bounce Spots for US Dollar

October 04, 2017 05:00


4 hour

The EUR/USD broke the resistance trend line (dotted orange) which could indicate that price is making a second bounce at the 23.6% Fibonacci support level of wave 4 (blue). A third attempt to break below the Fib could start a larger correction towards the 38.2% Fib.

1 hour

The EUR/USD bullish price action broke above two resistance lines (dotted orange) but could still resemble a rising wedge pattern and an ABC (brown). A bullish breakout becomes more likely if price manages to break above resistance (red) and the 1.18 round level.


4 hour

The GBP/USD is at the round level of 1.3250, which is an important support zone as they are two trend lines (blue) and a 50% Fib of wave 4 vs 3. Price will need to break above resistance (red) of the bearish channel before a larger uptrend continuation becomes more likely.

1 hour

On the 1 hour chart it seems like price is building a bear flag chart pattern after breaking above the steep resistance trend line (dotted orange). A break above the resistance or below support could confirm a potential breakout.


4 hour

The USD/JPY failed to break the resistance trend line (red) and instead broke below the support trend line (dotted blue). The bearish breakout could indicate the completion of wave A or 1 and the start of wave B or 2.

1 hour

The USD/JPY could be in a bearish wave 3 (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.