Forex Forecasts by date

The EUR/USD currency pair continues growing up. The RSI indicator has already broken the trend’s descending line, we should expect the price to test the broken line and move upwards into the area of 1.3050. Overall, the pair is forming the ascending pattern with the target in the area of 1.29. At the H4 chart the RSI indicator is testing the trend’s ascending line. We should expect Euro to start growing up from the current levels into the area of 1.2780. From here the price may start the correction towards the ascending channel’s lower border in the area of 1.26 and then continue moving upwards. If the price falls down lower than 1.26 and breaks the channel’s lower border, this scenario will be cancelled.

The correction is about to be finished very soon. It looks like wave [4] is taking the form of zigzag pattern. On the minor wave level we can see the formation of wave (C). In the near term, we can expect the price to complete the fourth wave and then start falling down inside wave (1).

The correction is about to be finished soon. The bears will not probably be able to keep the price below the 4/8 level for a long time. There is a possibility that the market may break the daily Super Trend’s line backwards in the nearest future. If it happens, the price will continue growing up towards the 8/8 level.

GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1), both lines are horizontal. Kumo Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart and moving towards it, the price is above the indicator’s lines. In the near term, we can expect the price to fall down towards the closest support lines of Tenkan-Sen and Kijun-Sen.

The H4 chart of the EUR/USD currency pair shows the correction on the ascending trend, which is indicated by bearish candlesticks and closed Windows. Three Line Break and Heiken Ashi candlestick charts indicates the ascending trend.