Forex Analytics

GBP USD, Time Frame Н4. Tenkan-Sen and Kijun-Sen have merged and formed a Kumo Cloud.

On the H4 chart of EUR USD the upper Window is a resistance while the bullish continuatioon pattern Three Methods shows upward direction.

The EUR/USD keeps trading inside the rising channel. Practically, the market has worked out this wave.

The EUR/USD pair has hit a new local high and is trying to hold in the "overbought zone".

The Australian dollar is slowly and surely rising from the local bottom which was tested at the beginning of May.

After the pair rebounded from 38.2% mark it resumed rising, and at the moment we can see the price trying to reach a group of Fibo-levels at 1.1130.

GBPUSD, Time Frame Н4. Tenkan-Sen and Kijun-Sen are pointing upwards and is diverging over Kumo Cloud forming a "golden cross" (1), Ichimoku cloud is rising (2)

On the H4 chart of EUR/USD the upper window acts as a resistance, the bearish Shooting Start pattern suggest a downside correction.

Demand for JPY is increasing due to higher interest in "safe haven" currencies.

Admittedly, development of a double zigzag in the wave [a] or [w] is coming to an end.

The EUR/USD pair failed to complete the correction at 1.0970.

The EUR/USD pair has reached the 3/8 level and rebounded from it.

The AUD/USD pair is being traded lower on Wednesday after information on lower Chinese rating was published.

The EUR/USD pair has worked out a yet another descending pattern and at the moment is forming a consolidation range.

The EUR/USD pair rebounded from the upper group of Fibo-levels and triggered a bearish correction.