Forex Analytics

The GBP/JPY pair rebounded from the daily Super Trend three times.

The AUD/USD pair is trading to the upside on Tuesday morning; the Aussie doesn’t react to the RBA meeting minutes and the forecasts relating to China.

On Tuesday afternoon, the GBP/USD pair is trading under pressure; the market is analyzing the British regulator’s comments.

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

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud, they may intersect and form “Dead Cross” (1).

It looks like after completing the diagonal triangle in the wave [5] of c, the EUR/USD pair finished the wave [a] or [w].

The EUR/USD pair is forming another descending structure.

At the H4 chart of EUR USD, bullish Harami pattern indicates an ascending movement.

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

Probably, the AUD/USD pair completed the wave (y) and the entire double zigzag [ii].

Super Trends formed “bearish cross”, which means that the price may continue falling.

The EUR/USD pair has broken the Pennant pattern to the downside and may continue falling towards 1.1065.

On Wednesday, the USD/JPY pair is trading to the downside a bit as the Yen found support.

The EUR/USD pair is trading close to the group of fibo-levels at 1.1140 – 1.1130.

The GBP/USD pair is growing on Wednesday afternoon pretty quickly after the BoE’s representative’s comments about possible closing of the QE program.