Forex Analytics

The main currency pair is trading to the downside in the middle of the Wednesday trading session despite some good statistics on the Eurozone’s GDP.

The NZD/USD pair is trading at 0.7234; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling.

The AUD/USD pair got stabilized on Wednesday morning; the USD stopped rising.

As we can see at the H4 chart, the descending correction has reached the retracement of 61.8%.

At the H4 chart, the AUD/USD pair is trading between the 3/8 and 5/8 levels.

At the H4 chart of AUD USD, we can see slight corrections within the downtrend, at the tops of which the price is forming reversal patterns, such as Engulfing, Shooting Star, Harami, and then Shooting Star again.

The EUR/USD pair has completed another descending wave inside the third one and right now is being corrected.

The USD/CAD pair is trading at 1.2605; the instrument has broken the upside border of Ichimoku Cloud and right now is moving inside it.

At the H4 chart of EUR USD, the price is constantly forming Doji, Shooting Star, Long-Legged Doji, and Engulfing reversal patterns at the tops.

As we can see at the H4 chart, the AUD/CHF pair has broken the 5/8 level at 0.7629.

The GBP/USD pair is consolidating at the lows.

There is a “gale” in the main currency pair this week as investors’ mood is changing every day.

On Thursday, the AUD/USD pair is trading upwards after Australia published some positive statistics.

At the H4 chart, we can see that the AUD/USD pair has been corrected to the downside by 50.0%.

By the end of the week, the GBP/USD pair has become less volatile; the instrument is steadily moving sideways.