Forex Analytics

The main currency par is being sold for the second consecutive day; the demand is in favor of the USD.

After finishing the wave 2, the USD/JPY pair formed the ascending impulse in the wave [i].

The EUR/USD pair rebounded from the H4 Super Trend, but may yet test it once again along with the 5/8 level.

The EUR/USD pair rebounded from the correctional retracement of 61.8% twice, which means that the local ascending correction may continue.

The AUD/USD pair is “losing weight” fast on Thursday being influenced by the statistics on Australia’s balance of trade.

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

At the H4 chart of EUR USD, bearish Three Line Strike continuation pattern indicates that the downtrend continues.

The EUR/USD pair is forming another descending wave.

Probably, the EUR/USD pair continues forming the extension in the wave [iii].

The EUR/USD pair failed to break the 4/8 level on the first try.

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

The H4 chart of EUR USD shows the downtrend.

The USD/JPY pair is trading to the downside on Friday afternoon despite several rather mixed statistical reports.

The EUR/USD pair has reached its downside target.

Bears failed to break the low on the first try.