On a 4-hour graph the GBP/USD is continuing to move to the upper limit of the downtrend after it failed to break out the support level of 1.5500. The viewpoint is still bearish, since earlier the pair...
The NZD/USD is strongly declining after it could not break through the resistance level near the Fibonacci correction level 50.0.
This currency pair is developing a counterwave against 1.0182-0.9539. On smaller timeframes this movement consists of A-B-C subwaves (colored red) with subwave C developing. To confirm wave C the price has to break above 131.74. Another variant...
Earlier on a daily graph the AUD/USD has developed the combination of candlesticks Bullish Engulfing that indicates the uprising movement, confirmed further.
On a 4-hour graph the USD/CHF is probably forming the combination of candlesticks Falling Three Methods, which indicates a downside movement.
Earlier on a 4-hour graph the GBP/JPY has formed the combination of candlesticks Rising Three Methods that indicates an uprising movement.
According to wave count on larger timeframes AUD/USD is moving within wave C of daily degree (colored royal blue in the chart). Within this wave there’s a set of 5 waves of smaller degree – colored red...
Earlier on a 4-hour graph the USD/NOK formed Shooting Star candlestick that indicates the downside movement.This candlestick has developed after the pair could not break through the level of 6.2164, which means that the bulls did not...
On a daily chart the EUR/GBP rebounded again after it failed to test the Fibonacci correction level 61.8. The viewpoint on the currency pair remains bearish, as the downside movement is still presented.
Currency pair AUD/USD moves down aimed at 0.9646. On the whole, long-term outlook remains bullish as the uptrend is still taking place. However, it is recommended to close long-term positions in case of the support level 0.9646...
