Forex Analytics

The GBP/USD pair is trading to the downside after the United Kingdom published some macroeconomic statistics.

The EUR/USD pair is about to complete the wave [ii], which is taking the form of the zigzag.

The EUR/USD pair is once again testing the group of fibo-levels near the correctional retracement of 61.8%.

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1) and D “Dead Cross” (3); all lines are directed downwards.

The EUR/USD pair has completed another descending impulse and right now is being corrected towards 1.0602.

The EUR/USD pair is testing the 6/8 level and the daily Super Trend again.

At the H4 chart of EUR USD, Engulfing Bullish and Three Methods patterns indicated an ascending movement.

Super Trends formed “bullish cross”, which means that the ascending correction may yet continue.

It looks like the EUR/USD pair is about to complete the wave [ii], which is taking the form of the zigzag.

At the H4 chart of EUR USD, Engulfing Bearish pattern indicated a descending movement.

The EUR/USD pair has broken 1.0623 to the upside and may continue the correction (an alternative scenario).

The EUR/USD pair rebounded from the correctional retracement of 61.8%, which means it may resume falling.

The USD/JPY pair is slowly falling as the market is feeling nervous before the March meeting of the FOMC.

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, but still influenced by D “Dead Cross” (3).

It’s highly likely that after finishing the descending impulse in the wave i, the GBP/USD pair formed the wave ii and then started falling in the wave iii of (v).