Ichimoku Cloud Analysis 16.10.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6732; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6755 and then resume moving downwards to reach 0.6655. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6795. In this case, the pair may continue growing towards 0.6875. After breaking the neckline of Head & Shoulders reversal pattern and fixing below 0.6705, the price may continue moving downwards.

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Forex Technical Analysis & Forecast 18.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD continues forming the ascending structure from 1.1074; right now, it is consolidating below 1.1129. Possibly, the pair may break this range to the upside and continue growing towards 1.1144. Later, the market may form a new descending structure to reach 1.1129 and then start another growth towards 1.1158 to complete this ascending wave. After that, the instrument may start a new correction with the target at 1.1000.

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Murrey Math Lines 22.10.2019 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair is trading inside the “overbought area”. In this case, the pair is expected to break +1/8 and then resume falling towards the support at 6/8. However, this scenario may no longer be valid if the price breaks +2/8 to the upside. After that, the line at the chart will be redrawn, thus indicating new upside targets.

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Fibonacci Retracements Analysis 24.10.2019 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made the pair start a new growth; by now, it has fixed above 23.6% fibo. In the nearest future, AUDUSD may start a new pullback and return to this level. After the pullback, the correctional uptrend may continue towards 38.2% and 50.0% fibo at 0.6909 and 0.6983 respectively. The key support is the fractal at 0.6670.

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Japanese Candlesticks Analysis 28.10.2019 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After forming another Hammer reversal pattern close to the support level and reversing, XAUUSD has completed one more reversal pattern, Engulfing, which may indicate a possible correction before further growth. In this case, the upside target will be at 1525.70. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may resume falling to reach 1488.99.

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Ichimoku Cloud Analysis 30.10.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6862; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6835 and then resume moving upwards to reach 0.6965. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6775. In this case, the pair may continue falling towards 0.6685. After breaking the descending channel’s upside border and fixing above 0.6895, the price may continue moving upwards.

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Forex Technical Analysis & Forecast 01.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

After finishing two descending impulses, EURUSD has reached the closest correctional target at 1.1130. Possibly, the pair may form one more descending wave towards 1.1122 and then start a new growth to reach 1.1189. in fact, the market is expected to form the fifth ascending wave. The key predicted target is at 1.1236.

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Fibonacci Retracements Analysis 06.11.2019 (GBPUSD, EURJPY)

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, there was a divergence on MACD, which made GBPUSD complete the rising wave at 76.0% fibo at 1.3040 and start a new pullback. The support is at 1.2670. After completing the pullback, the instrument may start another rising impulse to reach the previous high at 1.3012 and then the key one at 1.3381.

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Forex Technical Analysis & Forecast 08.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

After breaking 1.1060, EURUSD has reached the short-term downside target at 1.1036. Today, the pair may grow to return to 1.1060 and then resume falling to reach 1.1027. After that, the instrument may start a new correction with the target at 1.1077.

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Murrey Math Lines 12.11.2019 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, the pair is trading inside the “overbought area”. In this case, the pair is expected to break 8/8 and then fall towards the support at 7/8. However, this scenario may no longer be valid if the price rebounds from 8/8 to the upside. After that, the instrument may resume growing to reach the resistance at +1/8.

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Fibonacci Retracements Analysis 14.11.2019 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the divergence made the pair complete its growth at 38.2% fibo and start a new descending wave, which has already reached 50.0% fibo. The next downside targets may be 61.8% and 76.0% fibo at 0.6769 and 0.6732 respectively. However, the key downside target is the low at 0.6670.

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Japanese Candlesticks Analysis 18.11.2019 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. By now, XAUUSD has completed several reversal patterns, including Hammer, close to the support level. At the moment, the pair is expected to complete the correction and then try to reverse. The upside target is at 1484.00. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1441.00 and update its closest lows.

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