Forex Analytics

On Thursday, the main currency pair is staying close to 1.0620; the market is unable to assess current risks.

The EUR/GBP pair is trying to rebound from the group of fibo-levels reached earlier.

The AUD/USD pair continues moving to the upside, this time under the influence of the Australian statistics.

The GBP/USD pair is about to finish the wave e in the horizontal triangle (iv).

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

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

The EUR/USD pair rebounded from the daily Super Trend, which means that the price may resume falling.

The EUR/USD pair has broken its consolidation range to the upside and may continue the current correction towards 1.0707.

After forming a quick bullish correction, the EUR/USD pair is back to falling.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1).

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1).

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

After rebounding from the daily Super Trend, the EUR/USD pair resumed falling.

So far, the EUR/USD pair has completed only three structures of the correctional wave.

The main currency will continue trading inactively until the end of the Good Friday trading session.