Forex Analytics

The EUR/GBP pair rebounded from the correctional retracement of 38.2%.

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1), but D Tenkan-Sen and Kijun-Sen are very close to each other and directed to the downside.

At the H4 chart of EUR USD, bearish Harami pattern indicated a descending correction.

Yesterday, the EUR/USD pair rebounded from the 6/8 level and the daily Super Trend.

The EUR/USD pair has completed the descending impulse along with the correction.

The USD/JPY pair is falling on Wednesday morning as the market is processing the weak GDP report.

The EUR/USD pair continues forming another descending structure.

The AUD/USD pair is falling significantly for the second consecutive day; the Chinese inflation report is counting against the Aussie.

The main currency pair is slowly retreating for the fifth consecutive trading session; the market is preparing for the Fed decision.

The EUR/USD pair has broken another consolidation range to the downside and right now is still falling.

Probably, the EUR/USD pair formed the wedge in the wave [i] and then the bullish impulse in the wave (a) along with the wave (b).

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 EUR/USD pair rebounded from the correctional retracement of 38.2% several times and resumed falling.

At the H1 chart of EUR USD, bullish Doji and High Wave patterns indicated an ascending movement.

After rebounding from the 6/8 level and the daily Super Trend, the EUR/USD pair resumed its decline.