Fibonacci Retracements Analysis 01.06.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the divergence made XAUUSD start a new decline to reach 23.6% fibo at 1690.70, which was later followed by another ascending impulse towards the high at 1764.86. If the pair breaks the high, it may continue growing to reach the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively. However, there is another scenario, according to which the instrument may rebound from the high start a new descending wave towards 38.2% and 50.0% fibo at 1645.40 and 1607.83 respectively.

Read more - Fibonacci Retracements Analysis GOLD, USDCHF

Murrey Math Lines 03.06.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is moving above 5/8. In this case, the price is expected to break 6/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may continue trading downwards to reach the support at 3/8.

Read more - Murrey Math Lines USDJPY, USDCAD

Ichimoku Cloud Analysis 05.06.2020 (EURUSD, USDCAD, AUDUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1361; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1310 and then resume moving upwards to reach 1.1445. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1185. In this case, the pair may continue falling towards 1.1105.

Read more - Ichimoku Cloud Analysis EURUSD, USDCAD, AUDUSD

Forex Technical Analysis & Forecast 09.06.2020

EURUSD, “Euro vs US Dollar”

After finishing the descending impulse at 1.1270, EURUSD is expected to correct with the target at 1.1330; right now, it is consolidating around 1.1290. If later the price breaks the range to the upside, the market may reach the above-mentioned target; if to the downside – resume trading inside the downtrend to reach 1.1200.

Read more - Forex Technical Analysis & Forecast EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD

Ichimoku Cloud Analysis 11.06.2020 (USDCAD, XAUUSD, AUDUSD)

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3484; 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 1.3385 and then resume moving upwards to reach 1.3685. Another signal in favor of further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3325. In this case, the pair may continue falling towards 1.3245.

Read more - Ichimoku Cloud Analysis USDCAD, XAUUSD, AUDUSD

Fibonacci Retracements Analysis 15.06.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the divergence made XAUUSD fall and reach 23.6% fibo. The previous rising impulse intended to reach the high at 1764.86 but judging by the structure of an expanding triangle channel, the asset no longer has strengths for further growth. Hence, one can expect a new decline towards 38.2%, 50.0%, and 61.8% fibo at 1645.06, 1607.83, and 1570.90 respectively.

Read more - Fibonacci Retracements Analysis GOLD, USDCHF

Murrey Math Lines 17.06.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from the resistance at 3/8. In this case, the price is expected to continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue trading upwards to reach the resistance at 5/8.

Read more - Murrey Math Lines USDJPY, USDCAD

Ichimoku Cloud Analysis 19.06.2020 (GBPUSD, EURUSD, USDRUB)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2446; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2470 and then resume moving downwards to reach 1.2295. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.2615. In this case, the pair may continue growing towards 1.2705. To confirm further decline, the asset must break the descending channel’s downside border and fix below 1.2370.

Read more - Ichimoku Cloud Analysis GBPUSD, EURUSD, USDRUB

Forex Technical Analysis & Forecast 23.06.2020

EURUSD, “Euro vs US Dollar”

After completing the ascending structure at 1.1255, EURUSD is consolidating around this level. Possibly, today the pair may grow to reach 1.1310 and then fall to break 1.1200. Later, the market may continue trading downwards with the target at 1.1100.

Read more - Forex Technical Analysis & Forecast EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD

Japanese Candlesticks Analysis 25.06.2020 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still rebounding from the support level and reversing after completing a Harami reversal pattern. At the moment, the pair is moving below the resistance level. However, considering the current downtrend, one may assume that the asset may finish the correction and test 1.3700. Still, an opposite scenario suggests that the instrument may fall to reach 1.3400

Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF

Fibonacci Retracements Analysis 29.06.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after breaking the high at 1764.86, XAUUSD is trying to fix above it. In the future, the price is expected to continue growing towards the post-correctional extension area between 138.2% and 161.8% fibo at 1800.60 and 1822.70 respectively. The support is at 1670.60.

Read more - Fibonacci Retracements Analysis GOLD, USDCHF

Murrey Math Lines 01.07.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is moving between 3/8 and 5/8. In this case, the price is expected to break 3/8 and continue falling towards the support at 2/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue trading upwards to reach the resistance at 7/8.

Read more - Murrey Math Lines USDJPY, USDCAD