USD/JPY
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave
The USD/JPY turned at the 61.8% Fibonacci retracement and resistance level of wave B (red) vs A. The bearish bounce could be part of a larger ABC (red) zigzag pattern within a larger wave E (p
USD/JPY
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave
The USD/JPY broke the resistance trend line (dotted red) and is now challenging the Fibonacci retracement levels of wave B (red). A break above the 100% Fibonacci level invalidates the potenti
USD/JPY
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave
The USD/JPY is breaking above the resistance trend line (dotted red) of the triangle chart pattern, which is indicating a potential bullish breakout. However, if price is indeed in a wave B (r
EUR/USD
4 hour
Source: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive wave
The EUR/USD is testing the support trend line (blue) of the triangle pattern, which is a bounce or break spot. There is also a critical 78.6% Fibonacci level of wave B vs A. A bullish bounce i
Hello trader,
Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/
EUR/USD
The E
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