Ichimoku Cloud Analysis 09.03.2022 (USDCHF, BRENT, USDCAD)

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9284; 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 0.9255 and then resume moving upwards to reach 0.9370. Another signal in favour of a further uptrend will be a rebound from the upside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.9165. In this case, the pair may continue falling towards 0.9075.

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Japanese Candlesticks Analysis 11.03.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed a Hanging Man pattern not far from the resistance level. At the moment, the asset is reversing in the form a new descending impulse towards the rising channel’s downside border. In this case, the downside correctional target may be the support area at 1955.50. At the same time, an opposite scenario implies that the price may grow to reach 2055.00 and continue the ascending tendency without testing the support area.

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Forex Technical Analysis & Forecast 15.03.2022

EURUSD, “Euro vs US Dollar”

EURUSD is growing towards 1.0990 and may later form a new descending structure to reach 1.0880. After that, the instrument may resume trading upwards with the first target at 1.1125.

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Ichimoku Cloud Analysis 17.03.2022 (EURUSD, NZDUSD, USDCAD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1030; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1005 and then resume moving upwards to reach 1.1250. Another signal in favour of a 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 1.0920. In this case, the pair may continue falling towards 1.0830.

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Ichimoku Cloud Analysis 21.03.2022 (EURUSD, USDCAD, XAUUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1042; 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 1.1015 and then resume moving upwards to reach 1.1255. 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 1.0935. In this case, the pair may continue falling towards 1.0845.

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Forex Technical Analysis & Forecast 23.03.2022

EURUSD, “Euro vs US Dollar”

After reaching the short-term upside target at 1.1040, EURUSD has completed the correction towards 1.1012. Today, the pair may form a new correctional structure to reach 1.1004 and then form one more ascending wave with the target at 1.1063.

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Japanese Candlesticks Analysis 25.03.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support level, USDCAD is reversing and may form a new correctional impulse. In this case, the upside correctional target may be at 1.2575. However, an alternative scenario implies that the asset may fall to break the support level at 1.2465 and continue the downtrend without any corrections.

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Murrey Math Lines 29.03.2022 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to test 7/8, break it, and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks the 6/8 to the downside. After that, the instrument may fall towards the support at 4/8.

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Murrey Math Lines 31.03.2022 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it to indicate a possible descending tendency. In this case, the price is expected to break 3/8 and then continue falling to reach the support at 2/8. However, this scenario may be cancelled if the price breaks the resistance at 4/8 to the upside. After that, the instrument may reverse and grow towards 5/8.

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Ichimoku Cloud Analysis 04.04.2022 (AUDUSD, GBPNZD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is rebounding from the cloud at 0.7512; 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 0.7500 and then resume moving upwards to reach 0.7670. Another signal in favour of a further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7355. In this case, the pair may continue falling towards 0.7265. To confirm further growth, the asset must break the pattern’s upside border and fix above 0.7545.

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Forex Technical Analysis & Forecast 06.04.2022

EURUSD, “Euro vs US Dollar”

EURUSD continues forming the descending wave and may soon reach at 1.0860. After that, the instrument may correct towards 1.0945 and then start another decline with the target at 1.0806.

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Japanese Candlesticks Analysis 08.04.2022 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0915. However, an alternative scenario implies that the price may fall to reach 1.0790 and continue the descending tendency without any corrections.

Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP