Author: InstaForex.com

On a weekly chart, the AUD/USD currency pair has formed Bullish Engulfing candlestick combination, which is a signal for an upward movement.

This currency pair is now trading in the flat, limited by 130.80-133.29. The break out of the flat will show the direction of the impulsive wave C of the intermediate trend.

On Thursday, the euro increased against the US dollar to a 2-month high amid the weakening of the worries about the Eurozone sovereign debt and the strengthening of the fears concerning possible pause in the US economy...

GBP/JPY is now moving within longterm and intermediate uptrend. However, the intermediate trend is now being corrected, wave B is developing (colored orange red on the chart)

As for the EUR/JPY pair, we continue to observe development of the uprising cycle from July 1. For now, we do not see any initial conditions for a decreasing tendency; therefore, we consider downward motion as a...

According to wave count this currency pair before breaking 131.79 still has chances to develop wave C up. Its potential targets are Fibonacci retracement points of 136.00-131.23 and expansion points off 131.23-133.84-131.79.

According to wave count this currency pair is now developing wave C of the intermediate downtrend (colored royal blue on the chart). However on smaller timeframes we have a correction within this wave C. The targets of...

Earlier on a 4-hour timeframe the NZD/USD currency pair has formed Doji candle on upward trend. Favorable fact for downward motion is that this candle has developed around strong resistance

The Australian dollar, as it was expected, closed the gap zone. Now, I wait for the reach of the level of 0.8550, but we would like to warn you about possible correction to the level of 0.87...