Forex Analytics

The GBP/USD pair is falling on Friday after the UK published several weak statistical reports, although the USD doesn’t seem to be strong.

Being under pressure, the EUR/USD pair is moving downwards; it has rebounded from 1.0660 to the downside.

The EUR/USD pair is still consolidating below the H4 Super Trend.

After completing the wave 2 in the form of the double zigzag and the descending impulse in the wave [i], the EUR/USD pair probably finished the wave [ii].

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1); Tenkan-Sen is directed downwards.

At the H4 chart of EUR USD, the candlesticks are bearish and there are no reversal patterns.

The EUR/USD pair is trading near its lows.

The EUR/USD pair is still moving downwards.

After completing the wave 2 in the form of the double zigzag, the EUR/UDS pair finished the descending impulse in the wave [i].

The EUR/USD pair continues falling.

The main currency pair is trading to the downside on Monday afternoon; “bears” have been in control over the pair for the fifth trading session in a row.

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

At the H4 chart of EUR USD, bullish Harami pattern indicates a possible ascending correction.

The EUR/USD pair has completed the first descending wave.

At the H4 chart of EUR USD, bullish Harami, Tweezers, and Three Methods patterns indicate an ascending correction.