Forex Analytics

On the H4 chart the EUR/USD keeps rising towards the Fibo 261.8% level which is an important elongation level after a short-term downside correction.

The EUR/USD pair has broken through the consolidation range from bottom upwards. The previously calculated move towards a local target for the next ascending wave 1.1500 has been worked out.

The Engulfing and Doji models suggest further decline of the price. The nearest target for this downside move is breakout of the support level 1.2619.

The AUD/USD currency pair keeps trading above the Ichimoku Cloud, and this suggests an ascending trend and further upside tendency.

The major currency pair hit the 14-month high on Tuesday.

On the H4-chart the EUR/USD is being traded within the channel formed by 5/8 and 3/8 levels. A rebound from 5/8 level (1.1535) and decline towards 4/8 and 3/8 level can be expected.

The main currency pair is correcting moderately after the sharp rise to 14-month high we saw the day before.

The AUD/USD pair is trading higher the second day in a row. The instrument has climbed to the highest point of May 2015.

The AUD/USD pair keeps trading above the Ichimoku Cloud, and this suggests an ascending tendency on the market and further rise.

The H4-chart of GBP/USD suggests a reversal pattern - divergence.

The USD/JPY pair is moving within a channel formed by 5/8 and 3/8 levels. A rise of the price from 3/8 level (111.71) to 5/8 (113.28) is expected.

Gold keeps rising, and the upside direction is confirmed by the Engulfing patterns formed on each of the correction moves.

The EUR/USD pair has formed a consolidation range on top of the rising wave and is trading to break through 1.1544 level from top downwards today.

The EUR/USD pair still experiences moderate sales during 2nd half of the day on Thursday: ECB hasn't impressed the investors.

The H4-chart of AUD/USD shows continuation of the current uptrend.