The GBP/USD is building a corrective bullish channel (red/blue lines). The bullish price action is probably part of a wave 2 pattern (red). A break above the resistance (orange) could see price start an impulsive wave C (purple), which challenges th
...The EUR/USD could be building an ABC (red) correction within a larger wave 4 (blue) pattern. A break below the support trend line (blue) would increase the likelihood of such an ABC. The ABC correction (red) is invalidated if price breaks above th
...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 could be building a
...Important numbers are expected to be released today in the US. The Non Farm Payroll (NFP), average hourly earnings, and unemployment rate will be announced and they typically impact the US Dollar and other financial instruments. The reaction of the
...The EUR/USD has made a sharp bearish decline and is now testing the outer limits of a potential wave 4 (purple). A break below the 61.8% makes a wave 4 unlikely and the wave structure would change where wave 5 (purple) of wave 5 (green) of wave 3
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