Charts may show the trend, but analysis of indicators and patterns by experts forecast them. See what the statistics say. https://admiralmarkets.com.au/analytics/technical-analysis 2019-02-26T15:19:34+11:00 2019-02-26T15:19:34+11:00 <p>See our latest analysis in our new Market Analysis series. Every Monday, Wednesday and Friday professional trader and market analyst Jens Klatt will comment on the most active financial instruments, using technical analysis, fundamental analysis and the economic calendar to highlight potential trading opportunities for investors.</p><p>Read it now in the Admiral Markets <a href="https://admiralmarkets.com/analytics/traders-blog">Trader's Blog</a>.</p><p><br></p> 2018-12-03T13:30:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/new-market-analysis https://admiralmarkets.com.au/analytics/technical-analysis/new-market-analysis Technical Analysis <p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/eur-usd-cup-with-handle-emerging-bullish-pattern"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/d2eac2a6debe9d4f1d2e218500dfd4f1.png" alt="EURUSD Chart - Technical Analysis" rel="" style=""></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/eurusd">EUR/USD</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5SE Add-on</a> - Accessed: 16.10.2018 1:45 AM<br></p><p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/eur-usd-cup-with-handle-emerging-bullish-pattern"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/3cb755cd67992430c7e08dfaceee7323.png" alt="EURUSD Weekly Chart - Technical Analysis" rel="" style=""></a></p><p>Source: EUR/USD Admiral Markets MT5 with MT5SE Add-on - Accessed: 16.10.2018 1:45 AM</p><p>The EURUSD <a href="https://admiralmarkets.com/education/articles/forex-basics/understanding-the-major-currency-pairs-in-forex-trading">currency pair</a> has formed an emerging cup with a handle <a href="https://admiralmarkets.com/education/articles/forex-analysis/most-frequently-used-forex-chart-patterns">pattern</a>.The 'Cup and Handle' pattern is a bullish continuation pattern that begins with a consolidation period, followed by a <a href="https://admiralmarkets.com/analytics/traders-blog/top-3-ways-to-trade-breakouts-in-2018">breakout</a>. The consolidation period is captured within the handle. At this point, the pattern consolidation has formed exactly at the 50,0 Fib, and the Admiral <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator">Pivot Point</a>. Regarding fundamentals, the data will be light for the EUR/USD currency pair. The USD news that might slightly move the market is the JOLTS (Job Openings and Labor Turnover Summary) data that represents the number of job openings during the reported month, excluding the farming industry. Don't forget to follow our <a href="https://admiralmarkets.com/analytics/forex-calendar">Forex calendar</a> for all regular updates on the news,economic announcements, forecasts and much more.</p> <p>Technically, the EUR/USD currency pair could bounce from the POC zone towards the handle top around 1.1610. A close above the R1 resistance 1.1634 should the move price towards the 1.1694 zone and the R2 resistance. The pair is also supported by a rising trend line that crisscrosses the S1 supporting pivot that marks the uptrend. It all adds up to the bullish confluence. Ideally the pair should remain above 1.1530 to remain bullish. Make sure to always follow the <a href="https://admiralmarkets.com/education/articles/forex-strategy/what-is-price-action-in-forex-trading">price action</a> closely.</p> <p>Pivot Lines - Weekly <a href="https://admiralmarkets.com/education/articles/forex-strategy/support-and-resistance-indicators-with-a-trading-strategy">Support and Resistance</a></p> <p>POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)</p>This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the<a href="https://admiralmarkets.com/risk-disclosure"> risks</a>. 2018-10-16T08:29:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/eur-usd-cup-with-handle-emerging-bullish-pattern https://admiralmarkets.com.au/analytics/technical-analysis/eur-usd-cup-with-handle-emerging-bullish-pattern Technical Analysis <p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/eth-usd-shs-pattern-neckline-break"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/b948f5b870aea0c9c153d7d869775c52.png" alt="ETHUSD Daily Chart - Technical Analysis" rel="" style=""></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/ethusd">ETHUSD</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5SE Add-on</a> - Accessed: 15.10.2018 1:55 AM<br></p><p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/eth-usd-shs-pattern-neckline-break"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/d92ae153ef8e7dbc08481add73426a05.png" alt="ETHUSD Weekly Chart - Technical Analysis" rel="" style=""></a></p><p>Source: ETH/USD Admiral Markets MT5 with MT5SE Add-on - Accessed: 15.10.2018 01:55 AM</p> <p>The ETH/USD <a href="https://admiralmarkets.com/education/articles/forex-basics/understanding-the-major-currency-pairs-in-forex-trading">currency pair</a> has formed a head and shoulders <a href="https://admiralmarkets.com/education/articles/forex-analysis/most-frequently-used-forex-chart-patterns">pattern</a>. It was an emerging pattern that has now broken to the downside. The breakout occurred below the <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator">Pivot Point</a>. The International Monetary Fund has issued its World Economic Outlook for October 2018. Within the report, the IMF makes a notable, but limited warning, regarding <a href="https://www.ethnews.com/imf-warns-that-cryptocurrencies-may-create-vulnerabilities-in-international-financial-system" target="_blank">cryptocurrencies</a>. That could have been one of the reasons for a continued drop vs fiat currencies, such as the USD. As for the USD - retail sales should be the main news on Monday. This is the earliest and broadest look at vital consumer spending data, and it measures a change in the total value of sales at the retail level. Don't forget to follow our <a href="https://admiralmarkets.com/analytics/forex-calendar">Forex calendar</a> for all regular updates on the news,economic announcements, forecasts and much more.</p> <p>Technically, the ETH/USD <a href="https://admiralmarkets.com/education/articles/cryptocurrencies/how-to-trade-ether-cfds">cryptocurrency</a> has dropped below the neckline of the Head and Shoulders pattern. The price is also below the Pivot Point, so we might see S1 as the first target. If the price retraces to the POC zone (202-211), we could see 'now moment' sellers waiting for the next bearish wave move, and the price could drop again. Targets are 176.43, 157.47, and 131.24. Any spike or close above R1 - 221.62 and the bulls might regain control.</p> <p>Pivot Lines - Weekly <a href="https://admiralmarkets.com/education/articles/forex-strategy/support-and-resistance-indicators-with-a-trading-strategy">Support and Resistance</a></p> <p>POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)</p>This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the <a href="https://admiralmarkets.com/risk-disclosure">risks</a>. 2018-10-15T08:24:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/eth-usd-shs-pattern-neckline-break https://admiralmarkets.com.au/analytics/technical-analysis/eth-usd-shs-pattern-neckline-break Technical Analysis <p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/usd-cad-inverted-head-and-shoulders-pattern-breakout"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/00cb8a6ff1644fd9a387cb0bd341caaa.png" alt="USDCAD Technical Analysis" rel="" style=""></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/usdcad">USD/CAD</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5SE Add-on</a> - Accessed: 12.10.2018 1:59 AM<br></p><p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/usd-cad-inverted-head-and-shoulders-pattern-breakout"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/32ef315b52532600dd325526f9a0dba4.png" alt="USDCAD Technical Analysis" rel="" style=""></a></p><p>Source: USD/CAD Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5</a> with MT5SE Add-on - Accessed: 12.10.2018 01:59 AM</p> <p>The USDCAD <a href="https://admiralmarkets.com/education/articles/forex-basics/understanding-the-major-currency-pairs-in-forex-trading">currency pair</a> has formed an inverted head and shoulders <a href="https://admiralmarkets.com/education/articles/forex-analysis/most-frequently-used-forex-chart-patterns">pattern</a>. The <a href="https://admiralmarkets.com/analytics/traders-blog/top-3-ways-to-trade-breakouts-in-2018" target="_blank">breakout</a> occured at the <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator">R1 Resistance</a>. The calendar will be light on the CAD data, but due to standard Friday profit taking, <a href="https://admiralmarkets.com/analytics/traders-blog/6-reasons-to-exploit-volatility-to-your-advantage">volatility</a> could be present during the London/New York session. The main USD news for Friday is based on measuring the level of a composite index, based on surveyed consumers - Preliminary UoM (University of Michigan) Sentiment. Don't forget to follow our <a href="https://admiralmarkets.com/analytics/forex-calendar">Forex calendar</a> for all regular updates on the news,economic announcements, forecasts and much more.</p> <p>Technically, the USD/CAD currency pair has opened room for further gains. Above the R1 and trend line confluence, we could also see the R2 break with a final target at R3 - 1.3175. However, as Friday is a profit taking day, we might also see a bearish <a href="https://admiralmarkets.com/education/articles/forex-strategy/what-is-price-action-in-forex-trading" target="_blank">price action</a>. Bears might start to dominate below 1.2980. A sustained break below 1.2980 should target the Weekly <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator" target="_blank">Pivot Point (PP)</a> at 1.2892.</p> <p>Pivot Lines - Weekly <a href="https://admiralmarkets.com/education/articles/forex-strategy/support-and-resistance-indicators-with-a-trading-strategy">Support and Resistance</a></p> <p>POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)</p>This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the <a href="https://admiralmarkets.com/risk-disclosure">risks</a>. 2018-10-12T08:20:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/usd-cad-inverted-head-and-shoulders-pattern-breakout https://admiralmarkets.com.au/analytics/technical-analysis/usd-cad-inverted-head-and-shoulders-pattern-breakout Technical Analysis <p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/eur-gbp-direct-drop-aiming-for-s2-pivot"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/8c63dcf43f85fe22e7764deda3814c4a.png" style="" alt="EURGBP Daily Chart - Technical Analysis" rel=""></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/eurgbp">EUR/GBP</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5SE Add-on</a> - Accessed: 11.10.2018 00:41 AM<br></p><p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/eur-gbp-direct-drop-aiming-for-s2-pivot"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/a810f9d0daffe8d8a0cc47ac4159104b.png" style="" alt="EURGBP Weekly Chart - Technical Analysis" rel=""></a></p><p>Source: EUR/GBP Admiral Markets MT5 with MT5SE Add-on - Accessed: 11.10.2018 00:41 AM</p> <p>The EURGBP <a href="https://admiralmarkets.com/education/articles/forex-basics/understanding-the-major-currency-pairs-in-forex-trading">currency pair</a> is having a retracement after successfully rejecting from the trend line, making a bearish zigzag <a href="https://admiralmarkets.com/education/articles/forex-analysis/most-frequently-used-forex-chart-patterns">pattern</a>. Currently the price is hanging around the <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator">S1 Support</a>. The BOE is expected to provide the BOE Credit Conditions Survey soon. The report includes detailed data on secured and unsecured lending to households, small businesses, non-financial corporations, and non-bank financial firms, and It's correlated with spending and confidence. The EUR/GBP currency pair should move with a a higher <a href="https://admiralmarkets.com/analytics/traders-blog/6-reasons-to-exploit-volatility-to-your-advantage">volatility</a> after the release. Don't forget to follow our <a href="https://admiralmarkets.com/analytics/forex-calendar">Forex calendar</a> for all regular updates on the news,economic announcements, forecasts and much more.</p> <p>Technically, the EUR/GBP currency pair should drop further. In the case of any retracement towards the POC, the price could reject from the 0.8825-45 zone. Targets are 0.8735 and 0.8684. Break below 0.8680 should target 0.8590. Only above R1 and the blue trend line the the price might move into a bullish mode. Watch for any retracement or rejection, and always pay attention to <a href="https://admiralmarkets.com/education/articles/forex-strategy/what-is-price-action-in-forex-trading">price action</a> before you start making new entries. Never chase the price, and be patient. </p> <p>Pivot Lines - Weekly <a href="https://admiralmarkets.com/education/articles/forex-strategy/support-and-resistance-indicators-with-a-trading-strategy">Support and Resistance</a></p> <p>POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)</p>This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the <a href="https://admiralmarkets.com/risk-disclosure">risks</a>. 2018-10-11T08:15:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/eur-gbp-direct-drop-aiming-for-s2-pivot https://admiralmarkets.com.au/analytics/technical-analysis/eur-gbp-direct-drop-aiming-for-s2-pivot Technical Analysis <p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/aud-usd-is-at-important-resistance-cluster"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/8f432ad35588f2e7d5c8b890a07f6397.png" alt="Technical Analysis - AUDUSD" rel="" style=""></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/audusd">AUD/USD</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5SE Add-on</a> - Accessed: 10.10.2018 01:13 AM</p><p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/aud-usd-is-at-important-resistance-cluster"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/f388b7dbe2c5d94884f03ea9d3042eda.png" alt="Technical Analysis - AUDUSD" rel="" style=""></a></p><p>Source: <a href="http://admiralmarkets.com/start-trading/contract-specifications/instrument/audusd">AUD/USD</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5SE Add-on</a> - Accessed: 10.10.2018 01:13 AM</p> <p>The AUD/USD <a href="https://admiralmarkets.com/education/articles/forex-basics/understanding-the-major-currency-pairs-in-forex-trading">currency pair</a> is experiencing a retracement after successfully breaking below the Head and Shoulders <a href="https://admiralmarkets.com/education/articles/forex-analysis/most-frequently-used-forex-chart-patterns">pattern</a>. Currently the price is hanging around the <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator">PP point</a>. We are currently in the POC zone and a reversal pattern could tank the price. The rise in US yields might also follow with the USD appreciation. If long term yields rise, we might see a higher <a href="https://admiralmarkets.com/analytics/traders-blog/6-reasons-to-exploit-volatility-to-your-advantage" target="_blank">volatility</a> and pressure on emerging markets, thus making the AUD currency weaker. As no major data is scheduled for the AUD, we might see technical analysis prevail at this point. Don't forget to follow our <a href="https://admiralmarkets.com/analytics/forex-calendar">Forex calendar</a> for all regular updates on the news,economic announcements, forecasts and much more.</p> <p>Technically, the AUD/USD currency pair might exhibit a higher volatility during the Tokyo and US session. The rejection from the POC 1.7100-15 could fuel another bearish momentum. If the price retreats to POC2 1.7130-45 that could be the last line of the defense for bears. Above that the price is bullish and potentially we might see 0.7290 as a bullish target. Rejections from any of the POC zones should target 0.7050 and 0.6980. Always pay attention to <a href="https://admiralmarkets.com/education/articles/forex-strategy/what-is-price-action-in-forex-trading">price action</a> before you start making new entries, as the price might possibly be making a fake move.</p> <p>Pivot Lines - Weekly <a href="https://admiralmarkets.com/education/articles/forex-strategy/support-and-resistance-indicators-with-a-trading-strategy">Support and Resistance</a></p> <p>POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)</p>This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the<a href="https://admiralmarkets.com/risk-disclosure"> risks</a>. 2018-10-10T08:15:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/aud-usd-is-at-important-resistance-cluster https://admiralmarkets.com.au/analytics/technical-analysis/aud-usd-is-at-important-resistance-cluster Technical Analysis <p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/btc-usd-bullish-pennant-hints-for-a-breakout"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/8cc8d8182b505d1dab02195f6adc0652.png" style="" alt="BTCUSD Chart - Technical Analysis" rel=""></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/btcusd">BTC/USD</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5SE Add-on</a> - Accessed: 09.10.2018 01:13 AM<br></p><p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/btc-usd-bullish-pennant-hints-for-a-breakout"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/f32d18ef9e4ad0e5730c63bd72c01015.png" style="" alt="BTCUSD Chart - Technical Analysis" rel=""></a></p><p>Source: BTC/USD Admiral Markets MT5 with MT5SE Add-on - Accessed: 09.10.2018 01:13 AM</p><p>The BTC/USD <a href="https://admiralmarkets.com/education/articles/cryptocurrencies/trading-cryptocurrency-cfds-vs-traditional-investing">Cryptocurrency</a> pair has formed a bullish pennant <a href="https://admiralmarkets.com/education/articles/forex-analysis/most-frequently-used-forex-chart-patterns">pattern</a> just above the <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator">PP point</a> and close to the R1 resistance. It means that we might expect a potential <a href="https://admiralmarkets.com/analytics/traders-blog/top-3-ways-to-trade-breakouts-in-2018">breakout</a> of the R1 pivot towards R2 and R3. Tomorrow, we might see a slower day as there are no major USD data news updates on the schedule. Don't forget to follow our <a href="https://admiralmarkets.com/analytics/forex-calendar">Forex calendar</a> for all regular updates on the news,economic announcements, forecasts and much more.</p> <p>Technically, the BTC/USD crypto <a href="https://admiralmarkets.com/education/articles/forex-basics/understanding-the-major-currency-pairs-in-forex-trading">currency pair</a> might exhibit a higher <a href="https://admiralmarkets.com/analytics/traders-blog/6-reasons-to-exploit-volatility-to-your-advantage">volatility</a>, if the price closes above the upper trend line of this emerging pattern. A close above 6636 should target 6752 and 6888. If we compare higher highs and higher lows of the bullish pennant, we can easily see a constricting <a href="https://admiralmarkets.com/education/articles/forex-strategy/what-is-price-action-in-forex-trading">price action</a> that might explode. Only a close below the S1 pivot might give bears additional momentum for a further drop. Always pay attention to price action before you start making new entries, as consolidation usually precedes breakouts.</p> <p>Pivot Lines - Weekly <a href="https://admiralmarkets.com/education/articles/forex-strategy/support-and-resistance-indicators-with-a-trading-strategy">Support and Resistance</a></p> <p>POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)</p>This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the <a href="https://admiralmarkets.com/risk-disclosure">risks</a>. 2018-10-09T09:59:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/btc-usd-bullish-pennant-hints-for-a-breakout https://admiralmarkets.com.au/analytics/technical-analysis/btc-usd-bullish-pennant-hints-for-a-breakout Technical Analysis <p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/gbp-usd-potential-for-a-bullish-continuation-towards-r2"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/a5be9b35414e64c6114cd90295a36ee2.png" alt="GBPUSD Hourly Chart - Technical Analysis" rel="" style=""></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/gbpusd">GBP/USD</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5">MT5SE Add-on</a> - Accessed: 08.10.2018 02:30 AM<br></p><p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/gbp-usd-potential-for-a-bullish-continuation-towards-r2"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/b4259e7241352da3938cc6291dc3f5d1.png" alt="GBPUSD Daily Chart - Technical Analysis" rel="" style=""></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/gbpusd" target="_blank">GBP/USD</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5" target="_blank">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5" target="_blank">MT5SE Add-on</a> - Accessed: 08.10.2018 02:30 AM</p> <p>The GBP/USD <a href="https://admiralmarkets.com/education/articles/forex-basics/understanding-the-major-currency-pairs-in-forex-trading" target="_blank">currency pair</a> has formed a breakout pattern just above the <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator" target="_blank">PP point</a> support, and we could see a further upside potential towards the R2 pivot point. The main news release for the GBP is GDP (Gross Domestic Product) on Wednesday. For those unfamiliar with it, GDP measures a change in the total GVA of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health. Don't forget to follow our <a href="https://admiralmarkets.com/analytics/forex-calendar" target="_blank">Forex calendar</a> for all regular updates on the news,economic announcements, forecasts and much more.</p> <p>Technically, the GBP/USD currency pair formed a retracement trend line and the break above it might initiate a bullish continuation. However, if the price retraces to the POC zone between 1.3060-80, bulls might be ready for another push to the upside. The GDP news might also cause higher <a href="https://admiralmarkets.com/analytics/traders-blog/6-reasons-to-exploit-volatility-to-your-advantage" target="_blank">volatility</a>, so be prepared. Targets are 1.3184 and 1.3253. However if the GDP result is worse than expected, we might see 1.3000 retest again. Always pay attention to <a href="https://admiralmarkets.com/education/articles/forex-strategy/what-is-price-action-in-forex-trading" target="_blank">price action</a> before you start making new entries. Consolidation usually precedes breakouts.</p> <p>Pivot Lines - Weekly <a href="https://admiralmarkets.com/education/articles/forex-strategy/support-and-resistance-indicators-with-a-trading-strategy" target="_blank">Support and Resistance</a></p> <p>POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)</p>This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the <a href="https://admiralmarkets.com/risk-disclosure" target="_blank">risks</a>. 2018-10-08T08:20:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/gbp-usd-potential-for-a-bullish-continuation-towards-r2 https://admiralmarkets.com.au/analytics/technical-analysis/gbp-usd-potential-for-a-bullish-continuation-towards-r2 Technical Analysis <p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/usd-jpy-bullish-zigzag-prior-to-nfp-release"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/0090f6201a3d53655e51aea05a79d65e.png" alt="USDJPY Chart - Technical Analysis" rel="" style=""></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/usdjpy" target="_blank">USD/JPY</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5" target="_blank">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5" target="_blank">MT5SE Add-on</a> - Accessed: 05.10.2018 02:20 AM</p><p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/usd-jpy-bullish-zigzag-prior-to-nfp-release"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/3373b2450f68c12175129304c81eebc2.png" alt="USDJPY Chart - Technical Analysis" rel="" style=""></a></p><p>Source: USD/JPY Admiral Markets MT5 with MT5SE Add-on - Accessed: 05.10.2018 02:20 AM</p><p>The USD/JPY <a href="https://admiralmarkets.com/education/articles/forex-basics/understanding-the-major-currency-pairs-in-forex-trading" target="_blank">currency pair</a> has formed a zig-zag close to the <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator" target="_blank">PP point</a> support after spiking from an emerging inverted head and shoulders pattern. The market is waiting for the <a href="https://admiralmarkets.com/analytics/traders-blog/what-is-the-nfp-and-how-to-trade-it" target="_blank">NFP</a> data along with the Average Hourly Earnings and Unemployment rate. NFP is very important for the USD, as job creation is a leading indicator of consumer spending, which accounts for a majority of overall economic activity. Don't forget to follow our <a href="https://admiralmarkets.com/analytics/forex-calendar" target="_blank">Forex calendar</a> for all regular updates on the news, economic announcements, forecasts and much more.</p> <p>Technically, the USD/JPY currency pair formed a zig-zag pattern that is bullish in its shape, and the rejections from the 113.60-90 POC zone might push the pair towards 114.50, and eventually 114.95 and 115.40. A close below 113.50 will probably fuel the bears with enough momentum to push towards 112.60. During the NFP release, significant <a href="https://admiralmarkets.com/analytics/traders-blog/6-reasons-to-exploit-volatility-to-your-advantage" target="_blank">volatility</a> should be expected. Always pay attention to <a href="https://admiralmarkets.com/education/articles/forex-strategy/what-is-price-action-in-forex-trading" target="_blank">price action</a> before you start making new entries. Consolidation usually precedes <a href="https://admiralmarkets.com/analytics/traders-blog/top-3-ways-to-trade-breakouts-in-2018" target="_blank">breakouts</a>.</p> <p>Pivot Lines - Weekly <a href="https://admiralmarkets.com/education/articles/forex-strategy/support-and-resistance-indicators-with-a-trading-strategy" target="_blank">Support and Resistance</a></p> <p>POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)</p>This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the <a href="https://admiralmarkets.com/risk-disclosure" target="_blank">risks</a>. 2018-10-05T08:30:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/usd-jpy-bullish-zigzag-prior-to-nfp-release https://admiralmarkets.com.au/analytics/technical-analysis/usd-jpy-bullish-zigzag-prior-to-nfp-release Technical Analysis <p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/eur-usd-piercing-line-pattern-could-develop-a-counter-trend-move"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/5ab65e9aed44b7d950d1d9d0789985af.png"></a></p><p>Source: <a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/eurgbp" target="_blank">EUR/GBP</a> Admiral Markets <a href="https://admiralmarkets.com/trading-platforms/metatrader-5" target="_blank">MT5</a> with <a href="https://admiralmarkets.com/trading-platforms/metatrader-5" target="_blank">MT5SE Add-on</a> - Accessed: 04.10.2018 02:15 AM<br></p><p><a href="https://admiralmarkets.com.au/analytics/technical-analysis/eur-usd-piercing-line-pattern-could-develop-a-counter-trend-move"><img style="width:auto;" class="img-responsive" src="https://fxmedia.s3.amazonaws.com/articles/remote/66967077e0a6f8733a2bb7a583f8d021.png" alt="EURGBP Technical Analysis Chart" rel="" style=""></a></p><p>Source: EUR/GBP Admiral Markets MT5 with MT5SE Add-on - Accessed: 04.10.2018 02:15 AM</p><p>The EURGBP <a href="https://admiralmarkets.com/education/articles/forex-basics/understanding-the-major-currency-pairs-in-forex-trading" target="_blank">currency pair</a> has dropped from the <a href="https://admiralmarkets.com/education/articles/forex-indicators/pivot-point-trading-identifying-support-and-resistance-levels-with-a-pivot-point-indicator" target="_blank">PP point</a>, and we can see a consolidation around the S1 support. A retracement to the POC zone will probably decide the next move. Any rejection from the 0.8925-8940 region should target 0.8860. A break below 0.8860 might retest 0.8800 the S2 support. However a 4h <a href="https://admiralmarkets.com/education/articles/forex-basics/everything-you-need-to-know-about-candlestick-trading" target="_blank">candle</a> close above 0.8970 might target 0.9037 and 0.9085. Both EUR and GBP have light news today, so normal <a href="https://admiralmarkets.com/analytics/traders-blog/6-reasons-to-exploit-volatility-to-your-advantage" target="_blank">volatility</a> should be expected, except if unexpected news concerning Brexit hits the wire. Don't forget to follow our <a href="https://admiralmarkets.com/analytics/forex-calendar" target="_blank">Forex calendar</a> for all regular updates on the news, economic announcements, forecasts and much more.</p><p>Technically, the EUR/GBP currency pair formed a zig zag pattern that is bearish in its shape, so we might say that a general trend is still bearish. For news traders, bear in mind that the light GBP news - Housing Equity Withdrawal that is scheduled for early Thursday trading might not move the market that much, as its impact is negligible. Always pay attention to <a href="https://admiralmarkets.com/education/articles/forex-strategy/what-is-price-action-in-forex-trading" target="_blank">price action</a> before you start making new entries. Consolidation usually precedes <a href="https://admiralmarkets.com/analytics/traders-blog/top-3-ways-to-trade-breakouts-in-2018" target="_blank">breakouts</a>.</p><p>Pivot Lines - Weekly <a href="https://admiralmarkets.com/education/articles/forex-strategy/support-and-resistance-indicators-with-a-trading-strategy" target="_blank">Support and Resistance</a></p><p>POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)</p>This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the <a href="https://admiralmarkets.com/risk-disclosure" target="_blank">risks</a>. 2018-10-04T08:36:00+00:00 https://admiralmarkets.com.au/analytics/technical-analysis/eur-usd-piercing-line-pattern-could-develop-a-counter-trend-move https://admiralmarkets.com.au/analytics/technical-analysis/eur-usd-piercing-line-pattern-could-develop-a-counter-trend-move Technical Analysis