Forex Analytics

Probably, the EUR/USD pair completed the wave 2 in the form of the double zigzag.

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); D Tenkan-Sen and D Kijun-Sen are influenced by D “Golden Cross” (3).

The USD/JPY pair is growing a bit on Tuesday after reaching November’s lows.

At the H4 chart of EUR USD, bearish Dark Cloud pattern indicates a descending correction.

The EUR/USD pair is growing towards 1.0914.

Yesterday, the EUR/USD pair failed to stay above the 6/8 level and, as a result, may start a new descending correction.

The EUR/USD pair has reached the target of the descending structure, but the ascending impulse has failed to continue.

After failing to stay above the 6/8 level, the EUR/USD pair fixed below the H4 Super Trend.

At the H4 chart of EUR USD, bearish Dark Cloud pattern indicated a descending correction.

It’s highly likely that the EUR/USD pair completed the bullish impulse in the wave (c) of [y] and the entire wave 2 in the form of the double zigzag.

On Wednesday, the GBP/USD pair returned the two weeks’ lows after the Brexit procedure was started.

After rebounding from the group of local fibo-levels, the EUR/USD pair resumed falling.

GBP USD, Time Frame H4. Indicator signals: D Tenkan-Sen and D Kijun-Sen intersected above Kumo Cloud and formed D “Dead Cross” (1), but they are still influenced by D “Golden Cross”.

On Wednesday, the USD/JPY pair is slightly falling and staying close to the lowest levels in the last 19 weeks.

After rebounding from the group of upside fibo-levels, the EUR/USD pair continued falling.