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.
The EUR/USD made a strong
...The EUR/USD uptrend is probably part of a wave 5 (purple) within a larger wave 1 (pink). Together with the previous resistance (red), the Fibonacci targets could act as potential resistance for the end of wave 1.
The EUR/USD is prob
...The EUR/USD seems to be continuing the uptrend within a wave 5 (purple) of a larger wave 1 (pink). The Fibonacci levels could act as potential resistance for the end of wave 1.
The EUR/USD is probably building a wave 5 pattern (blue
...The GBP/USD bullish channel (red/green) has reached the top of the channel (orange) and the resistance of the sideways range (red). A breakout above the resistance could indicate a new uptrend whereas a bearish bounce could see price fall back to th
...EUR/USD is in between key support (green) and resistance (red) trend lines. A break below support indicates that an ABC (orange) pattern is more likely than a 123 (pink) pattern whereas a bullish breakout could be part of the wave 3 (pink).
