Forex Analytics

The AUD/USD pair is trading to the upside under the influence of the RBA’s comments on the interest rate.

Being under pressure, the EUR/USD pair is moving upwards.

The EUR/USD pair is trying to rebound from the correctional retracement of 50%.

In case of the AUD/USD pair, the main scenario still implies that the price finished the zigzag in the wave [ii].

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

The H4 chart of EUR USD, the correction within the downtrend continues.

The AUD/USD pair is slowly approaching the 7/8 level.

The EUR/USD pair rebounded from the correctional retracement of 61.8%.

It looks like the EUR/USD pair is forming the extension in the wave [iii].

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud (1); the lines are still influenced by D “Dead Cross” (3).

At the H4 chart of EUR USD, Engulfing Bearish reversal pattern indicates a descending movement.

Neutral fundamental background and the NAB’s comments help the Aussie to get stronger at the beginning of the week.

At the end of the last week, the EUR/USD pair rebounded from the 6/8 level and right now is trying to start a new descending movement.

Being under pressure, the EUR/USD pair is moving upwards.

The main currency pair is moving without any particular direction on Tuesday; the market is waiting for Trump’s speech.