The EUR/USD is consolidating after the successful breakout of the support level 0.8626. Nevertheless, the viewpoint is still bearish.Earlier at a daily graph the EUR/GBP has formed the combination of candlesticks Bearish Engulfing, which indicates the downside...
The EUR/GBP has successfully broken through the support level of 0.8626 and presently is declining.Earlier at daily graph the EUR/GBP formed the combination of candlesticks Bearish Engulfing, which indicates the downside motion.
At 4-hour graph the GBP/CHF makes a rollback from Fibonacci correction level 61.8. Earlier the GBP/CHF formed a combination of Bearish Engulfing candlesticks which gives a signal to the downward trend and that confirmed afterwards.
Pound/yen is moving up in impulse wave C of the medium term uptrend – colored magenta in the chart. within this wave there’s also a set of subwaves with wave C developing – colored red. On smaller...
AUD/USD has confirmed weekly wave 5 by breaking above 1.0002. Now, within this wave there’s a set of 4 subwaves (colored red) with corrective wave 4 developing.
AUD/USD is about to continue the long term uptrend and develop wave 5 of weekly degree. As far as wave count on smaller timeframes is concerned, this pair is developing wave C of the med term uptrend...
On 4-hour graph, the USD/CAD pair tests the support level of 1.0155. In case this level is broken through we expect the decline to 0.9980 with the next target at 0.9930.
AUD/USD is developing wave C of the midterm downtrend – colored magenta in the chart. Within this wave there’s corrective wave B that is developing. Its targets are Fibonacci retracements of 0.9973-0.9651.
Pound/yen is now developing corrective wave B of weekly degree. Wave A – 135.03-126.43. The tragets of the corrective upmove are Fibonacci retracements of 135.03-126.43 (wave A), and expansions off 126.43-129.58-128.51.
The EUR/GBP rolls back from Fibonacci correction level 50.0. Nevertheless, it is expected that soon the pair will test the resistance level of 0.9160, where Fibonacci correction level 61.8 is placed.
