Japanese Candlesticks Analysis 19.11.2021 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the asset has formed several reversal patterns, including Hammer and Inverted Hammer, close to the support level. At the moment, EURUSD may reverse and start a new ascending impulse. In this case, the upside correctional target may be at 1.1400. Later, the market may rebound from the resistance area and resume the descending tendency. However, an alternative scenario implies that the price may continue falling to reach 1.1260 without correcting towards the resistance area.

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Murrey Math Lines 23.11.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is trading within the “oversold area”. In this case, the price is expected to test -1/8, break it, and then correct upwards to reach the resistance at 1/8. However, this scenario may no longer be valid if the price breaks -2/8 to the downside. After that, the lines in the chart will be redrawn, thus helping us to define new downside targets.

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Fibonacci Retracements Analysis 25.11.2021 (Brent, Dow Jones)

Brent

As we can see in the H4 chart, after finishing the correctional decline at 38.2% fibo, Brent is growing and this ascending movement may continue to break the high at 86.83. However, another scenario implies a new wave to the downside to reach 50.0% and 61.8% fibo at 75.83 and 73.31 respectively.

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Ichimoku Cloud Analysis 29.11.2021 (EURUSD, USDCAD, GBPJPY)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1281; 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 1.1285 and then resume moving downwards to reach 1.1105. 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 1.1375. In this case, the pair may continue growing towards 1.1465.

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Forex Technical Analysis & Forecast 01.12.2021

EURUSD, “Euro vs US Dollar”

After completing the descending impulse at 1.1239, EURUSD is correcting towards 1.1347. Later, the market may resume falling to break 1.1230 and then continue trading downwards with the target at 1.1133.

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Japanese Candlesticks Analysis 03.12.2021 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the asset is correcting. After forming an Inverted Hammer reversal pattern not far from the support level, XAUUSD may reverse and form a new rising impulse. In this case, the upside target may be the resistance area at 1795.00. At the same time, an opposite scenario implies that the price may fall towards 1750.00 first and then resume trading upwards.

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Murrey Math Lines 07.12.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is trading inside the “oversold area”. In this case, the price is expected to test 0/8, break it, and then grow to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks the support at -1/8 to the downside. After that, the instrument may continue falling towards -2/8.

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Fibonacci Retracements Analysis 09.12.2021 (Brent, Dow Jones)

Brent

As we can see in the daily chart, Brent is correcting upwards after reaching the long-term 23.0% fibo and divergence on MACD. If this correctional uptrend fails to break the high at 86.63, the next downside targets may be 38.2%, 50.0%, and 61.8% fibo at 59.53, 51.20, and 42.86 respectively.

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Ichimoku Cloud Analysis 13.12.2021 (EURUSD, NZDUSD, AUDCAD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1288; 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 1.1295 and then resume moving downwards to reach 1.1125. Another signal in favour of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1345. In this case, the pair may continue growing towards 1.1435. To confirm further decline, the asset must break the support level and fix below 1.1205. This movement will indicate a breakout of the pattern’s downside border.

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Forex Technical Analysis & Forecast 15.12.2021

EURUSD, “Euro vs US Dollar”

EURUSD has completed another descending wave at 1.1260; right now, it is consolidating around this level. Possibly, the pair may break the range to the downside and reach 1.1210. Later, the market may start a new correction towards 1.1270 and then resume trading downwards with the target at 1.1180.

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Japanese Candlesticks Analysis 17.12.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming several reversal patterns, including Inverted Hammer, close to the support level, USDCAD may reverse in the form of another rising wave. In this case, the upside target may be the resistance area at 1.2900. However, an alternative scenario implies that the asset may correct to reach 1.2740 first and then resume trading upwards.

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Murrey Math Lines 21.12.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has rebounded from 0/8. In this case, the price is expected to grow and reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks the support at 0/8 to the downside. After that, the instrument may continue falling towards -1/8.

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