Japanese Candlesticks Analysis 15.10.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming several reversal patterns, including Hammer, close to the support level, USDCAD may reverse in the form of a new correctional impulse. In this case, the correctional target may be the resistance area at 1.2445. However, an alternative scenario implies that the asset may continue falling to reach 1.2300 without reversing and correcting.

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Murrey Math Lines 19.10.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it, thus indicating an ascending tendency. In this case, the price is expected to continue moving upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may reverse and fall towards the support at 4/8.

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Fibonacci Retracements Analysis 21.10.2021 (Brent, Dow Jones)

Brent

As we can see in the H4 chart, after breaking the post-correctional extension area between 138.2% and 161.8% fibo at 82.19 and 85.14 respectively, Brent continues growing steadily to reach the fractal high at 87.09. At the same time, there is divergence on MACD, which may indicate a possible pullback to the downside. The key support here remains the local low at 65.03.

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Ichimoku Cloud Analysis 25.10.2021 (GBPUSD, BRENT, AUDUSD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3767; 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 1.3725 and then resume moving upwards to reach 1.3975. Another signal in favour of a 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 1.3625. In this case, the pair may continue falling towards 1.3535.

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Forex Technical Analysis & Forecast 27.10.2021

EURUSD, “Euro vs US Dollar”

After rebounding from 1.1622 to the downside and then reaching 1.1584, EURUSD is expected to correct towards 1.1619 and may later resume falling to return to 1.1585. After that, the instrument may break this level and continue trading downwards with the short-term target at 1.1528.

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Japanese Candlesticks Analysis 29.10.2021 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the asset has formed several reversal patterns, including Hanging Man, close to the resistance level. At the moment, EURUSD may reverse and start a new descending wave. In this case, the downside target may be at 1.1625. Later, the market may rebound from the support area and resume the ascending tendency. However, an alternative scenario implies that the price may grow to reach 1.1715 without reversing and correcting.

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Murrey Math Lines 02.11.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking 7/8, AUDUSD is trading below it. In this case, the price is expected to correct downwards and the support at 5/8. However, this scenario may no longer be valid if the price breaks 7/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 8/8.

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Ichimoku Cloud Analysis 04.11.2021 (NZDUSD, GBPJPY, AUDUSD)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7141; 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 0.7165 and then resume moving downwards to reach 0.7020. Another signal in favour of a 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 0.7205. In this case, the pair may continue growing towards 0.7305.

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Ichimoku Cloud Analysis 08.11.2021 (AUDUSD, GBPUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

The currency pair is trading at 0.7410 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 0.7420 is expected, followed by falling to 0.7275. An additional signal confirming the decline might become a bounce off the upper border of the descending channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 0.7515, which will mean further growth to 0.7605.

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Forex Technical Analysis & Forecast 10.11.2021

EURUSD, “Euro vs US Dollar”

The pair is trading in a consolidation range above 1.1560. At a moment, the market extended the range upwards to 1.1606. Today, the market is trading in a structure of decline to 1.1560. With an escape upwards, a pathway to 1.1626 will open. With an escape downwards – a pathway for a decline to 1.1480.

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Japanese Candlestick Analysis 12.11.2021 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

Gold is forming a correctional wave. At the resistance level, gold has formed several reversal patterns, including a Hanging Man. Going by the signal now, the price might start correcting. The aim of the pullback is the support level of 1845.00. However, the quotations can still grow to 1885.00 and go on growing without a test of the support level.

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Murrey Math Lines 16.11.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 6/8.

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