- #23,641
- Jul 3, 2017 3:19am Jul 3, 2017 3:19am
- | Commercial User | Joined Feb 2010 | 14,361 Posts | Online Now
EUR/USD, USD/JPY Wave 4 Arrives at Fibonacci Decision Zone
Source: https://admiralmarkets.com/analytics...-decision-zone
Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD is building a pullback after breaking above resistance (dotted lines).A bullish bounce could see price approach the Fibonacci targets of wave 5 (purple) which could complete wave 3 (green).
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD broke the support trend line (dotted blue) and completed its ABC zigzag correction (orange) within wave 4 (brown). The Fibonacci levels of wave 4 vs 3 (brown) plus the broken resistance levels (blue box) are a key decision zone (point of confluence) and could act as support. A bullish bounce confirms the wave 4 whereas a bearish beak invalidates it.
Source: https://admiralmarkets.com/analytics...-decision-zone Admiral Markets
Source: https://admiralmarkets.com/analytics...-decision-zone
Admiral MarketsEUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD is building a pullback after breaking above resistance (dotted lines).A bullish bounce could see price approach the Fibonacci targets of wave 5 (purple) which could complete wave 3 (green).
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD broke the support trend line (dotted blue) and completed its ABC zigzag correction (orange) within wave 4 (brown). The Fibonacci levels of wave 4 vs 3 (brown) plus the broken resistance levels (blue box) are a key decision zone (point of confluence) and could act as support. A bullish bounce confirms the wave 4 whereas a bearish beak invalidates it.
Source: https://admiralmarkets.com/analytics...-decision-zone
Admiral Markets - #23,643
- Jul 4, 2017 8:30am Jul 4, 2017 8:30am
- | Commercial User | Joined Feb 2010 | 14,361 Posts | Online Now
EUR/USD, USD/JPY Setup Contracting Triangle Chart Patterns
Source: https://admiralmarkets.com/analytics...art-patterns-1 Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD pullback is creating a contracting triangle chart pattern via the trend lines (blue/red). A bullish break above resistance (red) could see price approach the Fibonacci targets of wave 5 (purple) which could complete wave 3 (green). A bearish break could see price retest the broken resistance levels.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD is still completing its ABC zigzag correction (orange) within wave 4 (brown). The Fibonacci levels of wave 4 vs 3 (brown) plus the broken resistance levels (blue box) are a key support zone. A bullish bounce confirms the wave 4 whereas a bearish beak invalidates it.
Source: https://admiralmarkets.com/analytics...art-patterns-1 Admiral Markets
Source: https://admiralmarkets.com/analytics...art-patterns-1
Admiral MarketsEUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD pullback is creating a contracting triangle chart pattern via the trend lines (blue/red). A bullish break above resistance (red) could see price approach the Fibonacci targets of wave 5 (purple) which could complete wave 3 (green). A bearish break could see price retest the broken resistance levels.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD is still completing its ABC zigzag correction (orange) within wave 4 (brown). The Fibonacci levels of wave 4 vs 3 (brown) plus the broken resistance levels (blue box) are a key support zone. A bullish bounce confirms the wave 4 whereas a bearish beak invalidates it.
Source: https://admiralmarkets.com/analytics...art-patterns-1
Admiral Markets EUR/USD Bounces at 50% Fib but Needs Break to Confirm Wave 4-5
Source: https://admiralmarkets.com/analytics...nfirm-wave-4-5 Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD break above resistance (red) could see price approach the Fibonacci targets of wave 5 (purple) which could complete wave 3 (green). Price is now close to broken resistance levels, which is indicated by the support zone (blue box).
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD bounced at the 50% Fibonacci level of wave 4 (brown) but still needs to break above the resistance trend line (red) before an uptrend continuation is likely.
Source: https://admiralmarkets.com/analytics...nfirm-wave-4-5 Admiral Markets
Source: https://admiralmarkets.com/analytics...nfirm-wave-4-5
Admiral MarketsEUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD break above resistance (red) could see price approach the Fibonacci targets of wave 5 (purple) which could complete wave 3 (green). Price is now close to broken resistance levels, which is indicated by the support zone (blue box).
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD bounced at the 50% Fibonacci level of wave 4 (brown) but still needs to break above the resistance trend line (red) before an uptrend continuation is likely.
Source: https://admiralmarkets.com/analytics...nfirm-wave-4-5
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Source: https://admiralmarkets.com/education...dmiral-markets Admiral Markets
Fear is major problem for all types of traders. This webinar addresses simple solutions to combat a trader's worst enemy.
Source: https://admiralmarkets.com/education...dmiral-markets
Admiral Markets - #23,648
- Jul 7, 2017 7:25am Jul 7, 2017 7:25am
- | Commercial User | Joined Feb 2010 | 14,361 Posts | Online Now
EUR/USD Trapped Between Resistance Top and Wave 4 Fibonacci
Source: https://admiralmarkets.com/analytics...ve-4-fibonacci Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD bullish bounce at support (blue) was unable to break above the previous top (red). A bullish breakout above the top could see price move towards the Fibonacci target of wave 5 vs 1+3 and the round level of 1.15.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD retraced back and bounced at the Fibonacci levels of wave 4 vs 3. The wave 4 (orange) becomes unlikely if price breaks below the 61.8% Fibonacci level.
Source: https://admiralmarkets.com/analytics...ve-4-fibonacci Admiral Markets
Source: https://admiralmarkets.com/analytics...ve-4-fibonacci
Admiral MarketsEUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD bullish bounce at support (blue) was unable to break above the previous top (red). A bullish breakout above the top could see price move towards the Fibonacci target of wave 5 vs 1+3 and the round level of 1.15.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD retraced back and bounced at the Fibonacci levels of wave 4 vs 3. The wave 4 (orange) becomes unlikely if price breaks below the 61.8% Fibonacci level.
Source: https://admiralmarkets.com/analytics...ve-4-fibonacci
Admiral Markets EUR/USD, GBP/USD Approaching Confirmation or Invalidation Zone of Wave-4
Source: https://admiralmarkets.com/analytics...zone-of-wave-4 Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD is moving sideways after failing to break above the previous top (red). A bullish breakout could however restart the uptrend towards the Fibonacci targets of wave 5 vs 1+3 and the round level of 1.15.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD expanded the wave 4 (orange) correction back to the 50% Fibonacci level. The wave 4 (orange) becomes unlikely if price breaks below the 61.8% Fibonacci level.
Source: https://admiralmarkets.com/analytics...zone-of-wave-4 Admiral Markets
Source: https://admiralmarkets.com/analytics...zone-of-wave-4
Admiral MarketsEUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD is moving sideways after failing to break above the previous top (red). A bullish breakout could however restart the uptrend towards the Fibonacci targets of wave 5 vs 1+3 and the round level of 1.15.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD expanded the wave 4 (orange) correction back to the 50% Fibonacci level. The wave 4 (orange) becomes unlikely if price breaks below the 61.8% Fibonacci level.
Source: https://admiralmarkets.com/analytics...zone-of-wave-4
Admiral Markets - #23,651
- Jul 11, 2017 6:59am Jul 11, 2017 6:59am
- | Commercial User | Joined Feb 2010 | 14,361 Posts | Online Now
EUR/USD Bullish Bounce and Breakout Reaches First Target at 1.15
Source: https://admiralmarkets.com/analytics...target-at-1-15 Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD bounced at the support trend line (green) and then broke above the previous top (red). Price has now reached the 1.15 target which could cause a potential retracement. A break above 1.15 could see price continue with the uptrend towards the 61.8% Fibonacci target at 1.1550.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD completed the wave 4 (orange) and is now building an internal 5 wave (grey) within wave 5 (orange). A mild retracement at the 1.15 resistance could confirm a wave 4 (grey).
Source: https://admiralmarkets.com/analytics...target-at-1-15 Admiral Markets
Source: https://admiralmarkets.com/analytics...target-at-1-15
Admiral MarketsEUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD bounced at the support trend line (green) and then broke above the previous top (red). Price has now reached the 1.15 target which could cause a potential retracement. A break above 1.15 could see price continue with the uptrend towards the 61.8% Fibonacci target at 1.1550.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD completed the wave 4 (orange) and is now building an internal 5 wave (grey) within wave 5 (orange). A mild retracement at the 1.15 resistance could confirm a wave 4 (grey).
Source: https://admiralmarkets.com/analytics...target-at-1-15
Admiral Markets - #23,653
- Jul 12, 2017 6:05am Jul 12, 2017 6:05am
- | Commercial User | Joined Feb 2010 | 14,361 Posts | Online Now
EUR/USD Bearish Momentum at 1.15 Could Start Wave 4 Retracement
Source: https://admiralmarkets.com/analytics...-4-retracement Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD bullish breakout reached the 1.15 target but then fell quickly down to 1.14. The bearish reaction could indicate that the waves 5 have been completed within wave 3 (green), which could indicate the start of a bearish retracement within wave 4 (green) towards the Fibonacci retracement levels of wave 4 vs 3. A break above 1.15, however, would indicate the revival of the uptrend and invalidate a larger correction within wave 4.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD could be building a bigger correction first before completing the wave 4 (green) retracement. Alternatively, price could be in an uptrend if the EUR/USD manages to break above the resistance (red), 1.15 round level, and 138.2% Fib at 1.1527.
Source: https://admiralmarkets.com/analytics...-4-retracement Admiral Markets
Source: https://admiralmarkets.com/analytics...-4-retracement
Admiral MarketsEUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD bullish breakout reached the 1.15 target but then fell quickly down to 1.14. The bearish reaction could indicate that the waves 5 have been completed within wave 3 (green), which could indicate the start of a bearish retracement within wave 4 (green) towards the Fibonacci retracement levels of wave 4 vs 3. A break above 1.15, however, would indicate the revival of the uptrend and invalidate a larger correction within wave 4.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD could be building a bigger correction first before completing the wave 4 (green) retracement. Alternatively, price could be in an uptrend if the EUR/USD manages to break above the resistance (red), 1.15 round level, and 138.2% Fib at 1.1527.
Source: https://admiralmarkets.com/analytics...-4-retracement
Admiral Markets - #23,655
- Jul 13, 2017 4:55am Jul 13, 2017 4:55am
- | Commercial User | Joined Feb 2010 | 14,361 Posts | Online Now
USD/JPY Builds Potential Head and Shoulders Reversal Chart Pattern
Source: https://admiralmarkets.com/analytics...-chart-pattern Admiral Markets
USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017uj4.png
The USD/JPY broke back above the resistance trend line (dotted red) and could be retracing within a wave 2 (orange). The structure is valid unless price manages to break above the 100% level, which would invalidate the wave 2 and potential reversal for a new downtrend. There is also a potential for a head and shoulders reversal chart pattern (purple boxes) if price were to reverse around the 50-61.8% Fibonacci resistance level. A break below the neck support line (green) would then confirm the development of the chart pattern.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017uj1.png
The USD/JPY indeed bounced at the previous bottom to complete a wave b (purple) correction as mentioned in yesterday's analysis. The bullish bounce seems to be unfolding in 5 waves (grey) within a wave c (purple).
Source: https://admiralmarkets.com/analytics...-chart-pattern Admiral Markets
Source: https://admiralmarkets.com/analytics...-chart-pattern
Admiral MarketsUSD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017uj4.png
The USD/JPY broke back above the resistance trend line (dotted red) and could be retracing within a wave 2 (orange). The structure is valid unless price manages to break above the 100% level, which would invalidate the wave 2 and potential reversal for a new downtrend. There is also a potential for a head and shoulders reversal chart pattern (purple boxes) if price were to reverse around the 50-61.8% Fibonacci resistance level. A break below the neck support line (green) would then confirm the development of the chart pattern.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017uj1.png
The USD/JPY indeed bounced at the previous bottom to complete a wave b (purple) correction as mentioned in yesterday's analysis. The bullish bounce seems to be unfolding in 5 waves (grey) within a wave c (purple).
Source: https://admiralmarkets.com/analytics...-chart-pattern
Admiral Markets - #23,657
- Jul 14, 2017 5:19am Jul 14, 2017 5:19am
- | Commercial User | Joined Feb 2010 | 14,361 Posts | Online Now
GBP/USD Breaks above Key 1.30 Resistance with Sturdy Impulse
Source: https://admiralmarkets.com/analytics...sturdy-impulse Admiral Markets
GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017gu4.png
The GBP/USD broke sturdily above the previous top which is indicated by the dotted red trend line. The breakout candle is showing strong momentum, which could indicate that the Cable could continue towards the Fibonacci targets of wave 5 vs 1+3.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017gu1.png
The GBP/USD is in a wave 3 (purple) momentum which could see a retracement develop within the wave 4 (purple) before price continues with the wave 3 (grey) of a higher degree. The Fibonacci levels of wave 4 vs 3 are therefore potential support levels that can be used for a bullish bounce. The broken resistance could also become potential support.
Source: https://admiralmarkets.com/analytics...sturdy-impulse Admiral Markets
Source: https://admiralmarkets.com/analytics...sturdy-impulse
Admiral MarketsGBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017gu4.png
The GBP/USD broke sturdily above the previous top which is indicated by the dotted red trend line. The breakout candle is showing strong momentum, which could indicate that the Cable could continue towards the Fibonacci targets of wave 5 vs 1+3.
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017gu1.png
The GBP/USD is in a wave 3 (purple) momentum which could see a retracement develop within the wave 4 (purple) before price continues with the wave 3 (grey) of a higher degree. The Fibonacci levels of wave 4 vs 3 are therefore potential support levels that can be used for a bullish bounce. The broken resistance could also become potential support.
Source: https://admiralmarkets.com/analytics...sturdy-impulse
Admiral Markets - #23,659
- Jul 17, 2017 3:09am Jul 17, 2017 3:09am
- | Commercial User | Joined Feb 2010 | 14,361 Posts | Online Now
EUR/USD Continues Uptrend after Major Break above 1.15 Resistance
Source: https://admiralmarkets.com/analytics...-15-resistance Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD uptrend is ready to continue higher now that price has broken above the resistance trend line (dotted red) and 1.15 round level. The bullish breakout confirms the continuation of the wave 3 (green).
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD is most likely building a wave 3 (orange) momentum. Within the 3rd wave price seems to be extending the bullish impulse via 5 waves (purple) within the 5th wave (grey). A small retracement could occur now or later as part of the wave 4 (purple) and the Fibonacci levels of wave 4 vs 3 could act as potential support for a new bounce towards the Fibonacci targets of wave 3 vs 1.
Source: https://admiralmarkets.com/analytics...-15-resistance Admiral Markets
Source: https://admiralmarkets.com/analytics...-15-resistance
Admiral MarketsEUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu4.png
The EUR/USD uptrend is ready to continue higher now that price has broken above the resistance trend line (dotted red) and 1.15 round level. The bullish breakout confirms the continuation of the wave 3 (green).
1 hour
https://fxmedia.s3.amazonaws.com/art...07-2017eu1.png
The EUR/USD is most likely building a wave 3 (orange) momentum. Within the 3rd wave price seems to be extending the bullish impulse via 5 waves (purple) within the 5th wave (grey). A small retracement could occur now or later as part of the wave 4 (purple) and the Fibonacci levels of wave 4 vs 3 could act as potential support for a new bounce towards the Fibonacci targets of wave 3 vs 1.
Source: https://admiralmarkets.com/analytics...-15-resistance
Admiral Markets