Admiral Markets - Forex Market Analysiss

Rising wedges signal completion

The EUR/USD has broken long-term support levels (dotted green) but still has important and decisive horizontals levels to break before a wave 5 (blue) of wave C (purple) can be confirmed...

Impact Brexit vote on Forex market

The GBP/USD managed to break the resistance trend line (dotted red) despite the British vote on the EU membership taking place today (Thursday June 23rd). The bullish price action is most likely reflecting a reaction towards the opinion polls...

Major currency pairs smack into barrier of resistance

The EUR/USD has made a slight bearish bounce at the resistance trend line (red). The bullish momentum, however, is still in control and a breakout could see price move towards the Fibonacci levels. Of course, all currency pairs will be impacted by the British vote on Thursday June 23rd...

Cryptocurrencies are available on MT4 FIXED & MT4 NDD at FIBO GROUP!
Cryptocurrencies are available on MT4 FIXED & MT4 NDD at FIBO GROUP!

Trading with cryptocurrencies is available with the following types of accounts: MT4 Fixed, MT4 NDD. Apart from trading, you may also invest in CFD for cryptocurrencies using the service of managed accounts PAMM which allows having a higher income both for investors and managers. Choosing such an effective and modern type of financial instrument as cryptocurrency, you get a new prospect of earning on the skyrocketing financial asset. Trading rules may be found on the "Contract Specifications" page for MT4 NDD and MT4 Fixed types of accounts.

Major currency pairs reach key Fibonacci levels

The EUR/USD broke the support trend line (dotted green) after yesterday's strong bearish 4 hour candle appeared. From a long-term perspective price is still above key support such as the daily trend line (solid green)...

Remarkable wave patterns develop in Forex market

The EUR/USD did not manage to break above the 61.8% Fibonacci resistance level and instead broke below the support trend line (dotted green). This bearish breakout has seen strong momentum but price is still above long-term support (green)...

Strong bullish price action remains leading factor

The EUR/USD retraced back to the 23.6% Fibonacci level of wave B (orange) and could now be building a channel (red/blue). A break below the channel could indicate that price is retracing back to the 38.2% Fibonacci level...


Majors dominated by robust downtrend channels

The EUR/USD is pausing at the 100% Fibonacci level of wave C versus wave A. Wave C (blue) corrections are typically equal to the length of wave A so a break below the 100% Fib target increases the likelihood of a potential wave 3 (purple)...

Key triangles visible on 3 major Forex pairs

The EUR/USD broke below the horizontal support (dotted blue) as the bearish channel maintains its momentum to the 100% Fibonacci level. Wave C corrections are typically equal to the length of wave A so a break below the 100% Fib target increases the likelihood of a potential wave 3...

EURUSD, GBPUSD respect 38.2% Fibonacci level and build triangle

The EUR/USD broke the internal resistance trend line (dotted orange) and made a move up to the 38.2% Fibonacci level of wave B (blue). Price is now challenging the long-term support trend line (green)...

Collaborate with a Reliable Forex Broker
Collaborate with a Reliable Forex Broker

HF Affiliates is one of the leading Partnership Programs in the industry featuring competitive commissions, marketing tools and exceptional support. With the best commission structure and tailor-made products, we can help you achieve your expectations with high revenue share, multi-tier affiliate tracking system, no set-up fees to join and an auto-rebate system.

EURUSD break of choppy channel

The EUR/USD broke above the resistance trend lines (dotted red), which makes it likely that a swing high and swing low was completed at the trend line...

Only USDJPY offers momentum

The USD/JPY has reached the 161.8% Fibonacci target. A break above this target favors a wave 3 (purple) whereas a bearish turn makes a wave C (pink) more likely...

High probability of key trend line breaks

The EUR/USD is entrapped between support trend lines (green) and resistance (red). A bullish breakout could indicate a completion of the ABC (blue), whereas a bearish breakout could indicate a continuation of the C wave (blue)...


US Dollar dramatic close and reverse

The EUR/USD reached the 61.8% Fibonacci target before showing a 'close and reverse' formation which sparked strong bearish price action. However, the support trend line (green) needs to break before the waves Y of wave 4 (blue) can be considered completed...

EURUSD, USDJPY finally display flavours of momentum

The EUR/USD has indeed showed a continuation of the uptrend within the waves Y as indicated last week. Price is now reached a heavy resistance zone (red). A break above it could see price continue towards the Fibonacci targets...

US Dollar weakness continues to rock the Forex boat

The EUR/USD broke above resistance (dotted orange), which expands the larger WXY (purple) development towards resistance (red). As long as price stays in the bullish channel, then a continuation of the uptrend is likely as part of the Y waves...

easyMarkets Launches Ripple and Ethereum
easyMarkets Launches Ripple and Ethereum

Recently easyMarkets announced the addition of two more exciting cryptocurrencies – Ethereum and Ripple in addition to Bitcoin. Both of these new assets are available on easyMarkets platform, App and the popular MT4. Although Bitcoin dominated the media last year – both Ethereum and Ripple experienced significant climbs.

AUDJPY tanking down after BOJ decision

Yen crosses fell heavily after BOJ decided no to go with more stimulus for now. The drops were direct and that means - VERY strong, without any retracement. Nikkei was slaughtered too. BOJ appeared quite hawkish last night even more than FED...

Bearish momentum aligned with wave outlook and Fibonacci

The EUR/USD is in bullish trend channel (purple) with resistance trend lines (orange) closeby. A bearish bounce would confirm the wave X (green) correction; whereas a bullish breakout would see the larger WXY (purple) develop towards resistance (red)...

Don't bank on it

Can two of the world largest central banks steer their economies in the right direction and keep the markets happy at the same time? That is quite a question and one to which there is no straightforward answer given the number of variables involved...


ABC zigzags lead direction of Forex waves

The EUR/USD is unable to break above the 1.14 resistance level. Support (green) and resistance (orange) trend lines mark the boundaries and breakout territory. A push below the 50% Fibonacci retracement level of wave X (purple) makes the current wave count less likely and a bearish variant more likely...

Break of patterns setup momentum in FX market

The EUR/USD is building a small bear flag chart pattern (orange and green trend lines). A bullish break could indicate that the larger wave 4 (blue) is still not completed. A bearish break of the bear flag could indicate that a larger retracement or even reversal (and completion of wave 4) is taking place...

Top 10 Forex Brokers 2019

1easyMarkets Information & Reviews91%
2FXTM Information & Reviews90%
3HYCM Information & Reviews89%
4FxPro Information & Reviews87%
5FIBO Group Information & Reviews85%
6OctaFX Information & Reviews83%
7HotForex Information & Reviews82%
8FXCM Information & Reviews79%
9Alpari Information & Reviews76%
10XM Information & Reviews73%
200+ Forex Brokers




HotForex
Support and Resistance Trading

Senior trader and forex researcher, Oto, will explain how Support and Resistance (S/R) Levels can be used in trading. Join him live...


FXTM
E-Trading Summit in Port Harcourt

FXTM's Head of Education in Nigeria, Conrad Okongwu, was delighted to bring his successful E-Trading Investment Summit back to a keen...


Tickmill
Tickmill Educational Tours Continue

We're thrilled to announce that our "World of Technical Analysis" seminar, held in Almaty, Kazakhstan, was an all-round success for Traders and...


FXTM
Ultimate Trading Formula Workshop

FXTM's unique series of educational events - Touchdown in Cape Town: The Big Wave - continued with an insightful two-day workshop...


FXTM
Introduction to Forex Basics Part I

Do you know the difference between a base and quote currency? Know how to calculate profit and loss? The Introduction to Forex Basics Part...


  


Share it on:   or