Forex Trader, Writer, Educator
Contributor's Links: Admiral Markets Elite CurrenSea

Chris Svorcik became a Forex Educator and Analyst at Admiral Markets (www.AdmiralMarkets.com) in 2013 and has made the transition to become a professional Forex trader in back 2008. Chris is also head of trading at Elite CurrenSea (www.EliteCurrenSea.com), a website with cutting edge ... more

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EUR/USD Challenges Critical 61.8% Fibonacci Support Zone
The EUR/USD bounced at the 61.8% Fibonacci level of potential wave B. A break above the resistance trend line would confirm a bullish breakout within wave C of wave X.
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EUR/USD Builds ABC Zigzag In Expanded Wave 4
The EUR/USD has made a bearish bounce away from the resistance trend line which therefore makes a bullish ABC zigzag within a wave X correction more likely in an ongoing and extended wave 4
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EUR/USD Testing Wave 4 Fibonacci Support At 1.18
The EUR/USD is challenging a resistance trend line. The GBP/USD is building a triangle pattern. The USD/JPY is in a bearish channel.
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Brexit News Causes GBP/USD Bearish Break And Bullish Reversal
The GBP/USD broke the support trend line but failed to break below the previous bottom. The EUR/USD is challenging a resistance trend line. The USD/JPY could be building a larger correction.
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GBP/USD ABC Zigzag Arrives At Key Fibonacci Resistance Zone
The EUR/USD bullish channel is now challenging a potential resistance trend line. The GBP/USD bullish channel is challenging the Fibonacci levels.
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EUR/USD Builds Wave 3 Momentum In Bullish Channel
The EUR/USD is in a bullish channel which could challenge the resistance trend lines. It is unclear whether price is in a wave 5 or in an expanded wave 4 at the moment, which depends on how price develops the bullish trend.
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STOCKS I FOLLOW

AAPL Apple Inc.
ERO iPathSM EUR/USD Exchange Rate ETNs
FXA CurrencyShares Australian Dollar Trust
FXC CurrencyShares Canadian Dollar Trust
GBB iPathSM GBP/USD Exchange Rate ETN
GOOGL Google (A shares)
JYN iPathSM JPY/USD Exchange Rate ETN
SPY SPDR S&P 500
UUP PowerShares DB US Dollar Index Bullish Fund
VIX VOLATILITY S&P 500

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