Only USDJPY offers momentum

May 11, 2016

EUR/USD
4 hour

The EUR/USD is entrapped between support trend lines (green) and resistance (red). Price has reached a long-term support trend line (dark green), which is a bounce or break spot. A bullish breakout could indicate a completion of the ABC (blue), whereas a bearish breakout could indicate a continuation of the C wave (blue).

1 hour

The EUR/USD remains in a choppy trend channel. Price keeps respecting the support (green) and resistance (red) levels. A bearish breakout would most likely see price move towards the Fibonacci targets of wave 3 (green) and wave C (blue).

GBP/USD
4 hour

The GBP/USD has also reached a long-term key support trend line (green). A break of the support trend line would confirm the downtrend on the GBP/USD whereas a break of the 2 resistance trend lines (orange-red) could indicate the completion of the ABC (pink) and an expansion of the uptrend.

1 hour

The GBP/USD is still respecting the 61.8% Fibonacci level of wave 2 vs 1. A bearish break below the support trend lines (green) could see price expand wave A (pink) lower via a potential wave 3 (green). A bullish break above resistance (red) invalidates 123 (green) and indicates a bullish breakout.

USD/JPY
4 hour

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.

1 hour

Whether the USD/JPY will build a wave C (pink) or wave 3 (purple) depends on its price reaction at the Fibonacci levels of wave 4 (orange). Price should typically stop at the 38.2% Fibonacci level and not break below the support trend line (blue) if a wave 4 indeed unfolds.

Publication source
Admiral Markets information  Admiral Markets reviews

September 30, 2016
Gold earns slightly in Asia
On Friday, gold prices edged up in Asia after a key manufacturing poll from China came in as expected and traders looked ahead to more remarks from Fed policymakers...
September 30, 2016
Rally on stock markets didn't last long
Wall Street closed with losses and in Asia, lenders were also under pressure, with Nikkei and Hang Seng down more than 1.4% and only mainland Chinese markets managing to carve out gains...
September 30, 2016
Commodity currencies closed weaker
Following the OPEC led gains in the oil markets which saw the commodity linked currencies gaining ground, price action yesterday saw the currencies give up most of the gains as the US dollar edged higher on the day. The Australian dollar was the weakest, closing the day 0.73% lower...

Vantage FX Rating
FXCM Rating
Orbex Rating
Grand Capital Rating
HYCM Rating
FIBO Group Rating

OptionsXO Rating
IQ Option Rating
TopOption Rating
Anyoption Rating
24option Rating
Banc De Binary Rating