Strong bullish price action remains leading factor

June 7, 2016

EUR/USD
4 hour

The EUR/USD showed strong bullish price action, which increases the chance of a bullish ABC zigzag (orange).

1 hour

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.

GBP/USD
4 hour

The GBP/USD bounced at the long-term support trend line (green). Price is now approaching a resistance zone (red). A break above it could see price rally within a wave 2 (blue). A break above the 100% Fibonacci level invalidates the wave 2.

1 hour

The GBP/USD is probably seeing a development of an expanded wave 2 (blue) via a WXY (pink). The wave count has been changed because wave X stayed above the 138.2% Fibonacci level and due to the strong bullish correction which has taken price to the 61.8% Fib of 'Y vs W'.

USD/JPY
4 hour

The USD/JPY wave 2 (purple) has been marked as complete because price is trying to break above the resistance trend line (red). A break above this trend line (red) and resistance zone (orange) could see price rally for a wave 3 (purple).

1 hour

The USD/JPY is showing higher highs and higher lows again, which makes a downtrend less likely. Price would need to break below the support trend line (green) before a bullish outlook is invalidated.

Publication source
Admiral Markets information  Admiral Markets reviews

February 17, 2017
US dollar poised to end the weak on a bearish note
The US economic data continued to post strong gains with building permits and Philly Fed manufacturing index beating expectations strongly. However, the markets were not quite impressed despite the data points supporting the hawkish Fed for more rate hikes...
February 17, 2017
Brent remained rather unchanged
There seems to be little drive for any real direction now. Brent remained rather unchanged on Thursday staying in a tight range above 55.50 dollars per barrel. The Asian upward impetus lost it legs when European markets opened...
February 16, 2017
U.S. dollar remained near its fresh highs
After touching the level 1.0550 the euro bounced off and was able to reverse a minor part of its losses. The overnight’s recovery attempt stalled just under 1.0600 barrier. The pair came under renewed selling pressure and slipped into negative territory in the late Asian session...

Grand Capital Rating
Orbex Rating
Larson&Holz IT Ltd Rating
FX Giants Rating
Cms Trader Rating
OctaFX Rating

UKoptions Rating
99Binary Rating
Anyoption Rating
TopOption Rating
365BinaryOption Rating
GTOptions Rating