Admiral Markets Group consists of the following firms:

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
  • Negative Account Balance Policy
CONTINUE

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
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

US Dollar Shows Bearish Breakout below Price Patterns

January 24, 2018 06:30

EUR/USD

4 hour

The EUR/USD broke above the resistance (dotted orange) of the triangle chart pattern, which could mark a continuation of the uptrend. A break above the previous top (dark red) could see price move towards the Fibonacci targets of wave 5 (blue) at 1.24 and 1.25.

1 hour

The EUR/USD is challenging the previous top which could cause a potential retracement. If a pullback does occur, then the broken tops (blue) could become future support. A bullish breakout however could price move towards the 261.8% Fib target at 1.2362 and higher targets such as 1.24 and 1.25.

GBP/USD

4 hour

The GBP/USD bullish channel broke above the 1.40 resistance and is moving towards the Fibonacci targets. Price has reached the upper trend line (orange) of the bullish channel which could act as a potential resistance.

1 hour

The GBP/USD indeed completed a wave 3-4 (blue) pattern as expected in yesterday's analysis. Price could be in a wave 5 (blue) now. A bullish breakout could see price move towards the 161.8% Fibonacci target.

USD/JPY

4 hour

The USD/JPY broke the support trend line (dotted blue) and is continuing with the downtrend, which therefore indicates that the wave 2 or B (light purple) is still open. Price has respected the 38.2-50% Fib zone and could be moving towards the Fibonacci targets.

1 hour

The USD/JPY bearish breakout is probably part of a wave 5 (blue) after completing a lengthy wave 4.

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

Download MT4 Supreme Edition - Forex trading platform


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.