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EUR/USD strong bullish break and USD/JPY corrective ABC zigzag

http://www.admiralmarkets.com/analyt...ive-abc-zigzag - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu4.png
The EUR/USD bullishness continued to higher levels yesterday. The strong momentum is making a wave 3 (blue) more likely now. All in all the bullish trend is probably part of a wave d-e (green) daily triangle.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu1.png
The EUR/USD breakout above resistance (red) took place as indicated yesterday. The bullish momentum has been marked as wave 3 (orange) and a wave 5 (orange) of wave 3 (blue) could be completed as price approaches the Fib targets. In such a scenario a wave 4 (blue) sideways correction like a bull flag could occur.
GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016gu4.png
The GBP/USD is building a triangle (red/green lines) as part of a WXY (blue) correction within wave 4 (green). Once wave 4 (green) is completed, a downtrend continuation is expected to push below support for wave 5 (blue/purple).
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016gu1.png
The GBP/USD has continued to build zigzags between support and resistance. Yesterday price tried to break above resistance (yellow/red) but failed as price completed a 5th wave (dark red) within an ABC zigzag (purple). At the moment price has respected the 38.2% Fibonacci support level and the other Fib levels could provide support too. A break above resistance could see price move towards the Fibonacci levels of wave Y (blue).
USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj4.png
The USD/JPY uptrend is seeing a pullback to the 38.2% Fibonacci level. This is most likely within a wave 4 correction (blue) as long as price stays above the 38.2%-50% Fib area.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj1.png
The USD/JPY indeed completed an ABC zigzag (dark red) correction within a wave 4 (blue) as indicated yesterday. A bullish bounce at the 38.2% or 50% Fibonacci level seems likely.
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USD/MXN Mexican Peso dropping heavily

EUR/USD bullish breakout continues but 38.2% Fib nearby

http://www.admiralmarkets.com/analyt...8-2-fib-nearby - Your capital is at rissk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu4.png
The EUR/USD uptrend showed one more bullish push yesterday but price is now near the 38.2% Fibonacci resistance level of wave e (green), which is part of a wave d-e (green) daily triangle. The bullish momentum seems to be a 5 wave (blue) within a larger zigzag (A purple).
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu1.png
The EUR/USD showed extended 5 waves (grey) within wave 5 (orange). Price could still push up higher to the Fibonacci targets but eventually a correction (wave 4 blue) is expected.

EUR/USD Bullish order block marks the support

ACCUX10 trade3 EURCAD +26 pips counter trend opportunity




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Context of US Dollar momentum within waves and Fibonacci

http://www.admiralmarkets.com/analyt...-and-fibonacci - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu4.png
The EUR/USD indeed built a bearish bounce yesterday at the 38.2% Fibonacci retracement level. The bullish momentum was strong which makes a wave 3 (purple) likely. A retracement for wave 4 (purple) seems to be taking place as price is making a triangle. The wave 4 seems likely as long as price remains above the 50% of wave 4 vs 3. The wave 5 could be short as price reaches the resistance trend line (red). A bearish correction could take place as the market awaits the US Presidential Election next week Tuesday.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu1.png
The EUR/USD finished a wave 5 (orange) and built an ABC (blue) correction as expected yesterday. A bounce at the support trend line (green) could complete wave C (blue) whereas a break above resistance (red) could see wave 5 continue.

USD/JPY under pressure

USD/JPY sturdy bullish reversal at 50% Fib of wave 4 - Your capital is at risk

http://www.admiralmarkets.com/analyt...-fib-of-wave-4

USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj4.png
The USD/JPY indeed made as expected a bullish bounce at the Fibonacci levels of wave 4 vs 3 (blue). A break above resistance (red) could confirm the breakout for wave 5 (blue).
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj1.png
The USD/JPY indeed started the wave 3 (brown) and is at resistance trend line. A breakout could see price continue towards the 261.8% Fib target before making a bull flag as part of wave 4 (brown).
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Expectations from US Pres Elections on Financial Markets webinar starts at 17 GMT. Free setups and views on US elections

GBP/USD interim trend changed to bullish

US Dollar awaits results from 2016 US Presidential Elections

http://www.admiralmarkets.com/analyt...tial-elections - Your capital is at risk

USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj4.png
The USD/JPY seems to be in a wave 5 (blue) of wave 3 (purple) but the price movements during the US elections could change this perspective.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj1.png
The USD/JPY seems to be building a bull flag pattern within wave 4 (brown).
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EUR/USD High momentum candles on 4h time frame

+50 pip from POC1

1.1000 hit

Dramatic reversal on US Dollar after Election Day

http://www.admiralmarkets.com/analyt...r-election-day - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu4.png
The EUR/USD increased strongly at the start of the US Election Day but made an equally dramatic turnaround. The bearishness has been so impulsive that the fall has been labelled as a wave 1 (green). The wave e (green), however, is quite short in its current form and therefore an alternative but possible scenario is that the wave 1 (green) is still part of a larger correction. The wave 1 (green) would certainly be invalidated if price manages to break above the top (red) and 61.8% of wave E vs D.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu1.png
The EUR/USD could build an ABC zigzag within wave 2 (green).
GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016gu4.png
The GBP/USD keeps building a WXY (blue) correction within wave 4 (green). Once wave 4 (green) is completed, a downtrend continuation is expected to push below support for wave 5 (blue/purple).
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016gu1.png
The GBP/USD is moving sideways between support (greens) and resistances (red). Within the corrective environment price could be building a zigzag (grey) but if price fails and breaks support (green) then price could be starting a new downtrend.
USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj4.png
The USD/JPY showed an equally dramatic turn as the EUR/USD. The strong bearish sentiment was eventually replaced by a strong bullish sentiment. For the moment the bullish reaction has been labelled a wave (purple) as well.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj1.png
The USD/JPY seems to be building a series of 5 waves (blue) within wave 1 (purple). An ABC zigzag is expected within wave 2 (purple).
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GBP/JPY Over-extension can spike the pair up to 133.25 and 134.60

EUR/USD completes 5 bearish waves and prepares for zigzag

http://www.admiralmarkets.com/analyt...res-for-zigzag - Your capital is at rsik

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu4.png
The EUR/USD bearishness has been very impulsive and has been labelled as a wave 1 (green). The wave e (green), however, is quite short in its current form and therefore an alternative but possible scenario is that the wave 1 (green) is still part of a larger correction. The wave 1 (green) would certainly be invalidated if price manages to break above the top (red) and 61.8% of wave E vs D.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu1.png
The EUR/USD wave 1 (green) seems to be completed as several 4 hour candles become bullish. That translates into a small but visible rally on the 1 hour chart which could be the start of a wave a (brown). After the wave a (brown) is completed, then a wave b (brown) retracement and a wave c (brown) continuation is expected. A break below the bottom could see wave 5 extend further.

USD/JPY recovering after US elections

EUR/USD bearish momentum approaches 1.0750 support

http://www.admiralmarkets.com/analyt...1-0750-support - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu4.png
The EUR/USD bearishness continues to push lower but price is approaching a psychological round level of 1.0750, which could act as a potential support level. The bearish wave indicates that wave 4 (blue) has been completed and a new larger downtrend (wave 5) has probably started with a wave 1 (green).
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu1.png
The EUR/USD wave 1 (green) still push to lower levels after completing a sideways ABC (purple) correction, which formed a wave 4 (purple). Price could fall towards the Fibonacci targets of wave 5 (brown).