Fibonacci Retracements Analysis 10.08.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the daily chart, after breaking the previous high, XAUUSD is starting to fall. The target of the current pullback may be at 1920.66. After completing the pullback, the instrument may resume trading upwards to reach its next upside targets inside the post-correctional extension area between 138.2% and 161.8% fibo at 2254.60 and 2460.00 respectively.

Read more - Fibonacci Retracements Analysis EURUSD, USDJPY

Murrey Math Lines 12.08.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is consolidating above 4/8. In this case, the price is expected to continue growing to break 5/8 and then reach the resistance at 6/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling to reach the closest support at 3/8.

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Ichimoku Cloud Analysis 14.08.2020 (EURUSD, ETHUSD, USDCAD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1822; 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 1.1795 and then resume moving upwards to reach 1.1925. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1735. In this case, the pair may continue falling towards 1.1655.

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Forex Technical Analysis & Forecast 18.08.2020

EURUSD, “Euro vs US Dollar”

After breaking 1.1856 to the upside, EURUSD is still trading upwards. Today, the pair may correct to return to 1.1856 and then form one more ascending structure to reach 1.1930. Later, the market mat return to 1.1856 once again and then start another growth with the target at 1.1940.

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

Murrey Math Lines 20.08.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, after leaving the “oversold area”, USDCHF is moving at 2/8. In this case, the price is expected to break this level and then continue growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.

Read more - Murrey Math Lines USDCHF, GOLD

Japanese Candlesticks Analysis 24.08.2020 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has completed the correction within the uptrend. After finishing a Hammer pattern not far from the support level, XAUUSD may reverse and start a new growth towards 2000.00. At the same time, an opposite scenario implies that the price may fall with the target at 1905.00.

Read more - Japanese Candlesticks Analysis GOLD, NZDUSD

Murrey Math Lines 26.08.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is moving inside the “overbought area”. In this case, the price is expected to break 8/8 and then continue falling towards the support at 6/8. However, this scenario may no longer be valid if the price breaks +1/8 to the upside. After that, the instrument may continue growing to reach the resistance at +2/8.

Read more - Murrey Math Lines 26.08.2020 (USDJPY, USDCAD)

Ichimoku Cloud Analysis 28.08.2020 (GBPUSD, USDCAD, AUDUSD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3262; 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 1.3210 and then resume moving upwards to reach 1.3235. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3145. In this case, the pair may continue falling towards 1.3055.

Read more - Ichimoku Cloud Analysis GBPUSD, USDCAD, AUDUSD

Forex Technical Analysis & Forecast 01.09.2020

EURUSD, “Euro vs US Dollar”

The currency pair has completed the structure of growth to 1.1999. At the moment, the market is trading in a narrow consolidation range at the highs. The price may spurt to 1.2020. At this point, we expect the current wave of growth to end. The next move will be a decline to 1.1850. The goal is local.

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Japanese Candlesticks Analysis 03.09.2020 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs. US Dollar”

On H4, the pair keeps correcting in an uptrend. The price is currently working off a signal by a Harami reversal pattern, testing the lower border of the ascending channel at the moment. Judging by the ascending dynamics, we may suppose that upon correcting, the quotations will bounce off the support line and go on growing to the next resistance level at 1.1955. However, the price may still fall to 1.1760.

Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP

Fibonacci Retracements Analysis 07.09.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

On H4, the quotations keep narrowing, forming a Triangle. This movement should be interpreted as a correction after a swift uptrend and a divergence. The Triangle is forming around 23.6% Fibo. A breakaway of the lower border of the Triangle may provoke another wave of a deeper decline, which may be aimed at 38.2% (1836.50), 50.0% (1762.92), and 61.8% (1689.50). The resistance is still at 2074.75.

Read more - Fibonacci Retracements Analysis GOLD, USDCHF

Murrey Math Lines 09.09.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

On H4, the quotations escaped the overbought area and are trading under 8/8. Further decline to the support at 6/8 is expected. The scenario may be canceled by a breakaway of 8/8 upwards, which may send the quotations into another wave of growth to the resistance at +1/8.

Read more - Murrey Math Lines USDJPY, USDCAD