Forex Analytics

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); right now, both lines are very close to each other again.

At the H4 chart of EUR USD, bearish Harami pattern indicated a descending movement.

The EUR/USD pair rebounded from the 4/8 level, which means that it may resume moving downwards.

The EUR/USD pair has reached the local upside target; it has already finished the descending impulse and broken its low.

After rebounding from the retracement of 61.8%, the EUR/USD pair resumed falling.

It looks like the GBP/USD pair is forming the ascending impulse in the wave C of (4).

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 influenced by D “Golden Cross” (3).

On Friday, the GBP/USD pair is trading under pressure after the United Kingdom published a weak report on the Retail Sales.

The main currency pair is trading to the upside being influenced by the first voting results of the presidential elections in France.

The EUR/USD updated the March’s high, but failed to break the 7/8 level.

In response to the presidential elections results in France, the EUR/USD pair has skyrocketed.

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 influenced by D “Golden Cross” (3).

At the H1 chart of EUR USD, bearish Three Black Crows pattern shows a descending correction.

The EUR/USD pair broke the critical level of the previous scenario, that’s why the main scenario had to be changed.

The market was opened with a gap up; the EUR/USD pair made a quick move upwards and reached the group of fibo-levels at 1.0900.