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
...EUR/USD
4 hour
The EUR/USD is testing a resistance trend line (red) which is key for a bullish breakout and continuation higher within wave X (purple). A break above the 38.2% Fib makes this wave pattern most likely otherwise price could be building a bearish wave 4 which
...EUR/USD
4 hour
The EUR/USD stopped at the previous highs (red) and 23.6% Fibonacci retracement level of wave X (purple). Price could bounce back down at this resistance zone but if it fails to break below the previous bottom, then price could build a larger wave X (purpl
...GBP/USD
4 hour
The GBP/USD remains in a downtrend as long as price stays below the resistance trend lines. A bearish breakout below the support trend line (green) could indicate a potential continuation towards the Fibonacci targets of wave 5. A bullish retracement could
...GBP/USD
4 hour
The GBP/USD bearish momentum broke below a key round level at 1.3250 and the support trend line of the descending wedge chart pattern (dotted blue). It seems more likely that price is now building a wave 3 impulse (purple) as long as price stays below the r
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