Spider's Den

US Dollar Buids Bearish Zigzag Pattern

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

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu4.png
The EUR/USD bounced near the support trend line (blue) connecting the previous bottoms. Price is now retesting again resistance trend lines (orange/red). Price could make a bearish turn at the 61.8% or 78.6% Fib if price breaks above resistance (orange/red). The wave 2 (brown) is invalidated if price breaks above the 100% Fibonacci level of wave 2 vs 1.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu1.png
The EUR/USD is most likely in a wave 4 (orange) correction and a break above the trend line (orange) could indicate a potential for price to move towards the Fibonacci targets. This could be part of a larger ABC zigzag (green).

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USDCAD just hit the long term up trend line in play since May 2016.... Its either a buy at these levels or its a trend change to downside.

AUDUSD at the historical average marker of 0.75. I sense this USD weakness hasn't ended yet, still no signal to short.

Hey guys! Nice to see you all there.

A bit surprised with Trump's speech. He definitely failed to make any new promise. His tone was also changed. We might have expected it. market is volatile and now its the time to make some good money

It's just an idea, don't bet on me. I'm not sure if GBP can gain 100 pips to EUR. Any thoughts?

EUR/USD is Bearish Below 1.0680

It might drop but have in mind that ATR for 14 days is only 74 so it might take some time.

USD/JPY Builds ABC Correction Towards 23.6% Fibonacci

http://www.admiralmarkets.com/analyt...23-6-fibonacci - Your capital is at risk

USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017uj4.png
The USD/JPY has built an ABC (blue) correction towards the 23.6% Fibonacci retracement level of wave 4 (purple). The 23.6% and 38.2% Fibonacci levels of wave 4 (purple) are potential bouncing spots for a continuation of the larger uptrend on the daily chart.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017uj1.png
The USD/JPY bounced at the 23.6% Fibonacci level. A breakout above the resistance trend line (red) is needed before an uptrend continuation becomes more likely.

AUD/JPY ABCD Pattern on H1 Timeframe

GBP/USD Bearish Drop Reaches Psychological 1.20 Barrier

https://admiralmarkets.com/analytics...l-1-20-barrier - Your capital is at risk

GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017gu4.png
The GBP/USD downtrend continues and is now testing the previous low on the daily chart of the year 2016, which dates back to October. A break below the support levels (blue/green) and psychological round level of 1,20 could see price test the Fibonacci targets.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017gu1.png
The GBP/USD bounced at the resistance trend lines (orange/red) and is showing strong bearish momentum which has been labelled as a wave 3 (brown). Price could now retrace within a wave 4 (brown). A break above the 50% Fib of wave 4 vs 3 would invalidate it.

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EUR/USD Bullish POC zone above 1.0560

EUR/USD Prepared for Bullish ABC Zigzag Pattern

https://admiralmarkets.com/analytics...zigzag-pattern - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu4.png
The EUR/USD bounced at the 50% Fibonacci retracement of wave B vs A and it seems to be completing an ABC (green) zigzag within a wave 2 correction (brown). The wave 2 (brown) is invalidated if price breaks above the 100% Fibonacci level of wave 2 vs 1.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu1.png
The EUR/USD broke above the resistance (dotted orange) of the choppy, corrective pattern and price could be heading towards the Fibonacci targets of wave C (green). A bull flag chart pattern should appear once the wave 3 (orange) has finished.

GBP/USD Spiked after May Confirmed her Brexit Plan

GBP/USD Bounces 400 Pips from 1.20 Support Zone

https://admiralmarkets.com/analytics...0-support-zone - Your capital is at risk

GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017gu4.png
The GBP/USD was unable to break the major support level (green) from 2016 and the 1.20 round level support. During the speech of British Prime Minister May regarding the Brexit out of the EU, the GBP/USD rallied strong and bounced +/- 400 pips. Price broke above the resistance (dotted red) of the downtrend channel. The bullish price action could complete the entire downtrend potentially (which would make the waves 5 a truncated wave 5 by not breaking the bottom). But for the moment, the current price action is still considered a bullish correction and the waves 5 (green/light blue/purple) have been left open.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017gu1.png
The GBP/USD strong momentum could hint at a larger ABC zigzag (blue) but the price spike itself could be seen as a zigzag too. It will be important to see what kind of patterns are built later today, for instance whether bearish momentum is shown or whether price builds a triangle.

As expected

USD/JPY Bullish Wolfe Wave Confluence with ATR