Fibonacci Retracements Analysis 20.10.2020 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the previous descending correctional wave has failed to reach 38.2% fibo and, as a result, a new rising wave may update both the short-term and the key (1.2011) highs. After breaking them, the pair may continue growing towards the long-term 76.0% fibo at 1.2094. However, an alternative scenario implies that EURUSD may rebound from the mid-term 61.8% fibo and resume falling to reach 38.2% and 50.0% fibo at 1.1520 and 1.1368 respectively.

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Murrey Math Lines 22.10.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is moving below the 200-day Moving Average, thus indicating a descending tendency. However, yesterday the pair rebounded from the strong support at 0/8. In this case, the price is expected to correct upwards and reach 3/8. Still, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -1/8.

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Forex Technical Analysis & Forecast 26.10.2020

EURUSD, “Euro vs US Dollar”

After finishing the correction at 1.1864, EURUSD is falling to reach 1.1818 and may later form one more ascending structure towards 1.1839. After that, the instrument may resume trading downwards to break 1.1772 and then continue falling with the target at 1.1688.

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Ichimoku Cloud Analysis 28.10.2020 (BRENT, USDJPY, USDCAD)

BRENT

Brent is trading at 40.96; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 41.05 and then resume moving downwards to reach 39.65. 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 42.25. In this case, the pair may continue growing towards 43.65.

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Japanese Candlesticks Analysis 30.10.2020 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after finishing the correction within the rising tendency and forming another Hammer pattern not far from the support area, XAUUSD may reverse and form one more slight correction, which may be followed by further decline. In this case, the downside target will be the support area at 1850.00. At the same time, an opposite scenario implies that the price may start another growth with the target at 1920.00.

Read more - Japanese Candlesticks Analysis GOLD, NZDUSD, GBPUSD

Fibonacci Retracements Analysis 03.11.2020 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the descending wave in EURUSD has reached the low at 1.1612. If the price breaks this level, the downtrend may continue towards 38.2% and 50.0% fibo at .1520 and 1.1368 respectively. But the current technical picture doesn’t exclude an alternative scenario, which says that after rebounding from the low the asset may form another rising impulse to reach 76.0% fibo at 1.1916, the high at 1.2011, and then the mid-term 76.0% fibo at 1.2094.

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Murrey Math Lines 05.11.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is moving below the 200-day Moving Average, thus indicating a descending tendency. In this case, today the price is expected to continue falling to reach the support at 0/8. Still, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may reverse and continue growing towards 5/8.

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Ichimoku Cloud Analysis 09.11.2020 (XAUUSD, CADJPY, USDCHF)

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1960.00; 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 1945.00 and then resume moving upwards to reach 1995.00. 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 1905.00. In this case, the pair may continue falling towards 1865.00.

Read more - Ichimoku Cloud Analysis XAUUSD, CADJPY, USDCHF

Forex Technical Analysis & Forecast 11.11.2020

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1818. Possibly, today the pair may grow towards 1.1860 and then form a new descending structure to reach 1.1760. After that, the instrument may start another growth to break 1.1860 and then continue trading upwards with the target at 1.1944.

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Murrey Math Lines 13.11.2020 (Brent, S&P 500)

BRENT

As we can see in the H4 chart, Brent is moving above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the asset is expected to test 3/8, rebound from it, and then resume growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may reverse and resume falling towards the support at 2/8.

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Japanese Candlesticks Analysis 17.11.2020 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after plunging within the ascending tendency, the asset is trying to regain its positions. After forming several reversal patterns, such as Harami, close to the support area, XAUUSD is expected to reverse and start another rising impulse. In this case, the upside target will be the resistance area at 1930.00. At the same time, an opposite scenario implies that the price may start another decline to reach the support area at 1840.00 before resuming its ascending tendency.

Read more - Japanese Candlesticks Analysis GOLD, NZDUSD, GBPUSD

Murrey Math Lines 19.11.2020 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is moving below the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to continue falling to reach 1/8. Another signal in favor of further decline is a rebound from 3/8. Still, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 4/8.

Read more - Murrey Math Lines USDCHF, GOLD