EURUSD

A break below 1.3425 would break the 138.2% Fibonacci level of wave X (vs wave W) and the alternative count would most likely be a wave 3 (both blue).

4 hour EURUSD:

EURUSD

Price is moving down in a well balanced down trend channel (orange) and potential break outs (red arrows) could occur.

60 min EURUSD:

EURUSD


GBPUSD

A bearish impulsive 12345 seems to be unfolding as price approaches daily support at +/- 1.6950 (green line).

4 hour GBPUSD:

GBPUSD

A break (red arrows) could occur if price manages to break below the support levels.

60 min GBPUSD:

GBPUSD


USDJPY

USDJPY continues with complex variations of corrective patterns.

4 hour USDJPY:

USDJPY

An ABC zigzag (red) seems to be unfolding towards the Fibonacci targets.

60 min USDJPY:

USDJPY

Elite CurrenSea Training Program(s) should not be treated as a recommendation or a suggestion to buy or sell any security or the suitability of any investment strategy for Student. The purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a licensed Industry representative; such as, but not limited to a Broker/Dealer, Introducing Broker, FCM and/or Registered Investment Advisor. Neither Elite CurrenSea nor its representatives are licensed to make such advisements. Electronic active trading (trading) may put your capital at risk, hence all trading decisions are made at your own risk. Furthermore, trading may also involve a high volume & frequency of trading activity. Each trade generates a commission and the total daily commission on such a high volume of trading can be considerable. Trading accounts should be considered speculative in nature with the objective being to generate short-term profits. This activity may result in the loss of more than 100% of an investment, which is the sole responsibility of the client. Any trader should realise the operation of a margin account under various market conditions and review his or her investment objectives, financial resources and risk tolerances to determine whether margin trading is appropriate for them. The increased leverage which margin provides may heighten risk substantially, including the risk of loss in excess of 100% of an investment.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD trades above 1.0700 after EU inflation data

EUR/USD trades above 1.0700 after EU inflation data

EUR/USD regained its traction and climbed above 1.0700 in the European session. Eurostat reported that the annual Core HICP inflation edged lower to 2.7% in April from 2.9% in March. This reading came in above the market expectation of 2.6% and supported the Euro.

EUR/USD News

GBP/USD recovers to 1.2550 despite US Dollar strength

GBP/USD recovers to 1.2550 despite US Dollar strength

GBP/USD is recovering losses to trade near 1.2550 in the European session on Tuesday. The pair rebounds despite a cautious risk tone and broad US Dollar strength. The focus now stays on the mid-tier US data amid a data-light UK docket. 

GBP/USD News

Gold price remains depressed near $2,320 amid stronger USD, ahead of US macro data

Gold price remains depressed near $2,320 amid stronger USD, ahead of US macro data

Gold price (XAU/USD) remains depressed heading into the European session on Tuesday and is currently placed near the lower end of its daily range, just above the $2,320 level. 

Gold News

XRP hovers above $0.51 as Ripple motion to strike new expert materials receives SEC response

XRP hovers above $0.51 as Ripple motion to strike new expert materials receives SEC response

Ripple (XRP) trades broadly sideways on Tuesday after closing above $0.51 on Monday as the payment firm’s legal battle against the US Securities and Exchange Commission (SEC) persists.

Read more

Mixed earnings for Europe as battle against inflation in UK takes step forward

Mixed earnings for Europe as battle against inflation in UK takes step forward

Corporate updates are dominating this morning after HSBC’s earnings report contained the surprise news that its CEO is stepping down after 5 years in the job. However, HSBC’s share price is rising this morning and is higher by nearly 2%.

Read more

Majors

Cryptocurrencies

Signatures