Only USDJPY offers momentum

May 11, 2016

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).

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.

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

October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
October 21, 2016
Decisions on QE Postponed until December
Asian stock markets are narrowly mixed, with Japanese bourses managing marginal gains as the Yen falls against the Dollar. Stock futures in the U.S. are down...
October 21, 2016
EURUSD at $1.09, but declines could be limited
The ECB monetary policy meeting yesterday saw the euro give up its intraday gains to close on a bearish note. As Draghi signaled that the central bank would need time to assess the monetary policy situation...

Larson&Holz IT Ltd Rating
XM Rating
OANDA Rating
FXTM Rating
Grand Capital Rating
Orbex Rating

Grand Option Rating
IQ Option Rating
OptionsXO Rating
Porter Finance Rating
365BinaryOption Rating
Anyoption Rating