Daily Wave Analysis By Admiral Markets - Page 8
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  1. #71
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    GBP/USD, USD/JPY challenge S&R at 120 and 104.50

    EUR/USD

    4 hour

    <img src="https://s17.postimg.org/ri1ge9mq7/17_10_2016eu4.png">

    The EUR/USD built a lower low but seems to be bouncing at 1.0960 as price breaks away from the consolidation zone in a downtrend. At this moment a bearish ABC zigzag (green) within a larger contacting triangle (wave d green) seems the most likely but if the breakout below wave A (green) is vey impulsive, then a new downtrend could be starting. For the moment, the Fibonacci levels of wave B (green) are expected to act as resistance.

    1 hour

    <img src="https://s16.postimg.org/m2s1k635x/17_10_2016eu1.png">

    A bullish ABC (orange) could take place within wave B (green).

    GBP/USD

    4 hour

    <img src="https://s21.postimg.org/yraamzs5j/17_10_2016gu4.png">

    The GBP/USD continues to build as expected a triangle formation within a wave 4 (green) consolidation zone. A break below support (green) could indicate the continuation of the downtrend. A break above resistance (red) could indicate a continuation of the wave 4 (green) retracement where the Fib levels are expected to act as resistance.

    1 hour

    <img src="https://s14.postimg.org/nq0es6s69/17_10_2016gu1.png">

    The GBP/USD is in a wave B (orange) correction unless price manages to break below the 78.6% and 100% Fibonacci levels of wave B vs A (zig zag). A bullish bounce at support could complete ABC (orange) within wave Y (blue).

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  2. #72
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    US Dollar develops in wave C of larger zigzag

    EUR/USD

    4 hour

    <img src="https://s22.postimg.org/ivzz5uab5/18_10_2016eu4.png">

    The EUR/USD seems to be indeed building a bearish ABC zigzag (green). The Fibonacci levels of wave B (green) are expected to act as resistance and price could turn around at one of them for a continuation within a larger contacting triangle (wave d green). If the bearish breakout is vey impulsive, then a new downtrend could be starting.

    1 hour

    <img src="https://s13.postimg.org/z79bn5smf/18_10_2016eu1.png">

    A bullish ABC (green) seems to be taking place within wave B (green). The Fibonacci levels are targets and potential bouncing spots.

    GBP/USD

    4 hour

    <img src="https://s18.postimg.org/dnvs1k8gp/18_10_2016gu4.png">

    The GBP/USD continues to build a triangle formation within the wave 4 (green) correction as the Cable breaks above resistance (dotted red). The Fib levels are expected to act as resistance.

    1 hour

    <img src="https://s12.postimg.org/6fhrcdjq5/18_10_2016gu1.png">

    The GBP/USD did not break below the 78.6% and 100% Fibonacci levels of wave B vs A and the wave B (orange) is therefore still valid and supporting price. The bullish breakout is indicating that a wave C (orange) within wave Y (blue) seems to be unfolding.

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  3. #73
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    GBP/USD, USD/JPY prepare bullish breakouts above trend lines

    EUR/USD

    4 hour

    <img src="https://s18.postimg.org/sjip0anll/19_10_2016eu4.png">

    The EUR/USD turned at the 23.6% Fibonacci level of wave B vs A. However the bullish retracement could extend to higher Fibonacci levels if price breaks above the resistance trend line (orange). A break below support (green) could see a continuation of the downtrend.

    1 hour

    <img src="https://s13.postimg.org/5j76jbjtz/19_10_2016eu1.png">

    A bullish ABC (green) could to be taking place within wave B (green). The Fibonacci levels are targets and potential bouncing spots unless price breaks below the support trend line (green) that is connecting wave A (blue) and wave B (green).

    GBP/USD

    4 hour

    <img src="https://s11.postimg.org/nwb4dvrmr/19_10_2016gu4.png">

    The GBP/USD continues to build a triangle formation within the wave 4 (green) correction as the Cable breaks above resistance (dotted red). The Fib levels are expected to act as resistance.

    1 hour

    <img src="https://s16.postimg.org/7k9w7ai5h/19_10_2016gu1.png">

    The GBP/USD is building a wave C (orange) within wave Y (blue). Currently a wave 4 (grey) correction could be developing unless price breaks below the 61.8% Fib level of wave 4 vs 3. A break above resistance (orange) could see price move towards Fibonacci targets.

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  4. #74
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    EUR/USD break or bounce decision at Fibonacci support zone

    EUR/USD

    4 hour

    <img src="https://s12.postimg.org/f2x2ytve5/20_10_2016eu4.png">

    The EUR/USD is challenging support levels but needs to break below the 138.2% Fibonacci level of wave X vs W at 1.0940 before a larger correction within wave B (blue) is invalidated and a new downtrend should start. If price does bounce at the support Fibonacci levels of wave X (green), then a rally could occur towards wave Y (green) of wave B (blue).

    1 hour

    <img src="https://s10.postimg.org/lgxxg4s95/20_10_2016eu1.png">

    A bullish ABC (green) could occur if price manages to break above the resistance trend line (orange). In such a case, the Fibonacci levels of wave B (blue) are expected to act as resistance.

    GBP/USD

    4 hour

    <img src="https://s11.postimg.org/yss1lt45f/20_10_2016gu4.png">

    The GBP/USD continues to build a triangle formation within the wave 4 (green) correction and the Fib levels are expected to act as resistance.

    1 hour

    <img src="https://s21.postimg.org/fbfodubuv/20_10_2016gu1.png">

    The GBP/USD has either completed wave 5 (grey) or still is moving sideways within wave 4 (grey), which depends on the breakout direction above or below support (green) or resistance (red) trend lines.

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  5. #75
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    EUR/USD replaces bullish spike with bearish breakout in wave-C

    EUR/USD

    4 hour

    <img src="https://s10.postimg.org/y8xtvfumx/21_10_2016eu4.png">

    The EUR/USD completed one more bullish push as expected within wave B (blue) before building a bearish turn and breaking below support (dotted green). Price is now in a potential wave C (blue) of a larger daily/weekly triangle (wave d green). The triangle could become invalidate if price manages to become very impulsive (then a larger weekly downtrend could be restarting).

    1 hour

    <img src="https://s12.postimg.org/wyfu9irgt/21_10_2016eu1.png">

    A bearish ABC (blue) could continue to develop if price manages to break below the Fibonacci levels.

    GBP/USD

    4 hour

    <img src="https://s9.postimg.org/5499zq7vj/21_10_2016gu4.png">

    The GBP/USD is challenging the support trend line (green). A break below it could see price develop a bearish breakout to retest the bottom. Whether the wave 4 (green) is complete or still developing depends also how price would break support (if it does).

    1 hour

    <img src="https://s14.postimg.org/vpbh3s89d/21_10_2016gu1.png">

    The GBP/USD could show a breakout above or below support (green) or resistance (red) trend lines.

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  6. #76
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    US Dollar triangle consolidation after bullish breakout

    EUR/USD

    4 hour

    <img src="https://s14.postimg.org/pdkuz5m41/24_10_2016eu4.png">

    The EUR/USD has reached the 61.8% Fibonacci target of wave C vs A. Lower Fib targets could be in reach if price manages to break below the low (purple line). A larger daily/weekly triangle (wave d green) is taking place, which could become unlikely if price manages to become very impulsive (then a larger weekly downtrend could be restarting).
    1 hour

    <img src="https://s9.postimg.org/97iwreojz/24_10_2016eu1.png">

    Five waves (green) are visible within bearish wave C (blue) which could indicate the end of the downtrend. A break below the bottom (green) could indicate a continuation towards the Fibonacci levels.
    GBP/USD

    4 hour

    <img src="https://s16.postimg.org/5j4n89czp/24_10_2016gu4.png">

    The GBP/USD is moving in between support and resistance and building a contracting triangle. The Cable is now challenging the support trend line (green). A break below it could see price develop a bearish breakout to retest the Fibonacci levels of wave X (blue). A break above resistance (orange) could see the development of a wave Y (blue) within wave 4 (green).

    1 hour

    <img src="https://s15.postimg.org/qylpge51n/24_10_2016gu1.png">

    The GBP/USD is in a wedge and has support (green) and resistance (red) trend lines nearby which offer bounce and break spots.
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  7. #77
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    GBP/USD builds lengthy triangle but USD/JPY restarts bullish trend

    EUR/USD

    4 hour

    <img src="https://s15.postimg.org/6mowor0uz/25_10_2016eu4.png">

    The EUR/USD is in a downtrend and building lower lows and lower highs. At the moment price is building a small sideways consolidation zone. A break below the support (green) could price fall towards 78.6% Fibonacci level of wave d (green), which is part o f a larger daily/weekly triangle (wave d green). If price manages to fall very impulsively then a larger weekly downtrend could be restarting.

    1 hour

    <img src="https://s21.postimg.org/mrz5nx1nb/25_10_2016eu1.png">

    The EUR/USD is in a wave 4 (green) unless price manages to break above the 61.8% Fibonacci level of wave 4 vs 3. A break below support could see the start of wave 5 (green).

    GBP/USD

    4 hour

    <img src="https://s22.postimg.org/5kqe8ism9/25_10_2016gu4.png">

    The GBP/USD is moving in between support and resistance and building a contracting triangle. The Cable is now challenging the support trend line (green). A break below it could see price develop a bearish breakout to retest the Fibonacci levels of wave X (blue). A break above resistance (orange) could see the development of a wave Y (blue) within wave 4 (green).

    1 hour

    <img src="https://s13.postimg.org/lbug3jb13/25_10_2016gu1.png">

    The GBP/USD is in a wedge and has support (green) and resistance (red) trend lines nearby which offer bounce and break spots.

    Follow @ChrisSvorcik on twitter for latest market updates

  8. #78
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    Key resistance EUR/USD at 1.10 and GBP/USD at 1.2250

    Key resistance EUR/USD at 1.10 and GBP/USD at 1.2250

    EUR/USD

    4 hour

    <img src="http://s15.postimg.org/sf0raw34b/27_10_2016eu4.png">

    The EUR/USD made a bullish bounce despite the downtrend but was so far unable to break above the first resistance trend line (orange). A breakout above resistance could see price continue higher as part of wave e (green), which is a larger triangle on the daily and weekly charts. A breakout below support (green) could price fall towards the next Fibonacci support.

    1 hour

    <img src="http://s11.postimg.org/rdmdef79f/27_10_2016eu1.png">

    The EUR/USD completed a bullish ABC zigzag as expected yesterday (blue). This is most likely part of a larger correction indicated by the WXY (purple). A breakout above resistance (orange) could price move towards Fib targets.

    GBP/USD

    4 hour

    <img src="http://s17.postimg.org/wdh0qpoun/27_10_2016gu4.png">

    The GBP/USD showed a bullish bounce back to the resistance zone (orange), which seems to be part of a larger WXY (blue) correction.

    1 hour

    <img src="http://s21.postimg.org/cuh01j9bb/27_10_2016gu1.png">

    The GBP/USD completed an ABC zigzag (grey) as expected. A new bearish zigzag (grey) could take price back to the Fibonacci support levels of wave X (orange).

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  9. #79
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    USD/JPY uptrend breaking multiple resistances with Fib targets in vision

    EUR/USD

    4 hour

    <img src="http://s18.postimg.org/efzlizsft/28_10_2016eu4.png">

    The EUR/USD is in a small triangle (green/orange lines) after having made a bullish bounce within a larger downtrend. A breakout above the resistance trend line (orange) could start a larger correction within wave e (green), which is a larger triangle on the daily and weekly charts. A breakout below support (green) could price fall towards the next Fibonacci support.

    1 hour

    <img src="http://s14.postimg.org/jl0ppy8rl/28_10_2016eu1.png">

    The EUR/USD completed a bearish ABC zigzag (green). A breakout above resistance (orange) could price move towards Fib targets as part of a wave C (blue) whereas a bearish breakout below support (green) could see price fall towards the next 78.6% Fib. A break below the bottom and 100% Fib is needed before the downtrend is active.

    GBP/USD

    4 hour

    <img src="http://s18.postimg.org/4xznwoq6h/28_10_2016gu4.png">

    The GBP/USD is building a new triangle (red/green lines), which seems to be part of a larger WXY (blue) correction. Once wave 4 (green) is completed a downtrend continuation is expected to push below support (wave 5 blue).

    1 hour

    <img src="http://s22.postimg.org/x44wwwuy9/28_10_2016gu1.png">

    The GBP/USD completed a bearish ABC zigzag (grey) yesterday as expected. A new bearish zigzag (grey) could take price back to the resistance zone (red/orange). A break below support (green) still has to deal with the Fibonacci support levels but a break below the bottom could see price challenge the 1.20 round level.

    Follow @ChrisSvorcik on twitter for latest market updates

  10. #80
    JoshDavis is offline Verified Broker Support for Admiral Markets Senior Member
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    EUR/USD bullish zigzag with Fibonacci targets above trend line

    EUR/USD

    4 hour

    <img src="https://s17.postimg.org/4m7yrhvq7/31_10_2016eu4.png">

    The EUR/USD broke above the triangle (dotted orange) and is expanding the bullish correction, which makes it more likely that a continuation of the daily triangle via wave d-e (green) is occurring. For the moment this correction has been labelled WXY (brown).

    1 hour

    https://s21.postimg.org/a13rwb5av/31_10_2016eu1.png">

    The EUR/USD breakout above resistance (red) has seen price move towards the Fib targets as part of a wave C (blue). At the moment a wave 3-4 (green) could still be taking place within wave C (blue) as long as price stays above the 61.8% Fibonacci retracement level and support trend line (green).

    GBP/USD

    4 hour

    https://s21.postimg.org/yc5558ajr/31_10_2016gu4.png">

    The GBP/USD is building a triangle (red/green lines) as part of a WXY (blue) correction within wave 4 (green). Once wave 4 (green) is completed, a downtrend continuation is expected to push below support for wave 5 (blue).

    1 hour

    <img src="https://s12.postimg.org/zd0b938ul/31_10_2016gu1.png">

    The GBP/USD is in a large consolidation and could continue to build zigzags between support and resistance. A break above or below support or resistance lines could indicate a potential for price to move towards Fib targets or continue with the larger trend.

    Follow @ChrisSvorcik on twitter for latest market updates

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