Forex Analytics

The EUR/USD pair is trading within a yet another descending structure. A consolidation "triangle" has been formed.

On the H4-chart of EUR/USD a sideways correction on a bullish trend is still in place; the Hammer suggests an upside direction.

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

At the H4 chart of EUR USD, Tweezers and Doji patterns indicated a sideways correction within the uptrend.

The EUR/USD pair fixed below the group of upside fibo-levels, which means that it may start a new descending correction.

It’s highly likely that the EUR/USD pair completed the double zigzag in the wave [a] of [w].

The EUR/USD pair failed to fix above the 8/8 level, which means that it may start a new descending correction.

The EUR/USD pair is consolidating to break the low of the first descending wave.

The main currency pair got stabilized after Friday’s statistics and is ready to resume its growth.

On Tuesday afternoon, the USD/JPY pair is trading to the downside as the market is analyzing the statistics.

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards.

At the H4 chart of EUR USD, Tweezers and Doji patterns indicate that the sideways correction within the uptrend continues.

The EUR/USD pair has broken its consolidation range to the downside and right now is forming the third descending wave with the predicted target at 1.1075.

The EUR/USD pair is testing the group of local fibo-levels at 1.1130.

The EUR/USD pair rebounded from the 4/8 level several times and resumed moving downwards.