Murrey Math Lines 08.09.2022 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotes are in the overbought area. A downward breakaway of 8/8 is expected, followed by further falling to the support level of 7/8. The scenario can be cancelled by a breakaway of +1/8 upwards. In this case the pair might start growing again and even reach the resistance level of +2/8.

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Ichimoku Cloud Analysis 12.09.2022 (EURUSD, AUDUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

The pair is pushing off the upper border of the descending channel. It is moving above the Ichimoku Cloud, indicating an uptrend. A test of the Tenkan-Sen line is expected at 1.0060, followed by growth to 1.0240. An additional signal confirming the growth will be a bounce off the upper border of the bearish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.9920, which will mean further falling to 0.9825.

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Japanese Candlesticks Analysis 14.09.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

On H4, near the resistance level, the pair has formed a Harami reversal pattern. The pair can now go by the signal with a descending impulse. The goal of the decline is 1.3130; the pair might later bounce off it and continue growth. However, the price may still grow to 1.3280 and continue the uptrend without testing the support.

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Forex Technical Analysis & Forecast 16.09.2022

EURUSD, “Euro vs US Dollar”

After a mighty decline to 0.9955, the pair is consolidating around 0.9988. Today it may drop to the lower border of the range at 0.9955, and with a breakaway of this level downwards, a pathway to 0.9800 will open.

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Murrey Math Lines 20.09.2022 (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 to indicate a possible descending tendency. In this case, the price is expected to break 2/8 and continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks the resistance at 3/8 to the upside. After that, the instrument may reverse and resume growing towards 4/8.

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Murrey Math Lines 22.09.2022 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it to indicate a possible ascending tendency. The Relative Strength Index is testing the ascending trendline. In this case, the pair is expected to rebound from 6/8 (0.9643), and then resume growing towards the resistance at 8/8 (0.9765). However, this scenario may be cancelled if the price breaks the support at 6/8 (0.9643) to the downside. After that, the instrument may move downwards to reach 5/8 (0.9582).

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Ichimoku Cloud Analysis 26.09.2022 (EURUSD, XAUUSD, NZDUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is correcting inside the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9705 and then resume moving downwards to reach 0.9310. 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 1.0055. In this case, the pair may continue growing towards 1.0145.

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Forex Technical Analysis & Forecast 28.09.2022

EURUSD, “Euro vs US Dollar”

After completing the correctional wave at 0.9670 along with the descending structure towards 0.9595 and then forming a new consolidation range around the latter level, EURUSD has broken it to the downside; right now, it is still falling to reach 0.9525. Later, the market may start a new growth to test 0.9595 from below and then resume trading downwards with the target at 0.9490.

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Japanese Candlesticks Analysis 30.09.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming an Engulfing reversal pattern close to the support level, USDCAD is reversing in the form of a new ascending wave. In this case, the upside target may be at 1.3900. Later, the market may break the resistance area and continue growing. However, an alternative scenario implies that the asset may correct to reach 1.3600 first and then resume the uptrend.

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Murrey Math Lines 04.10.2022 (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 to indicate a possible descending tendency. The Relative Strength Index has rebounded from the resistance line. In this case, the pair is expected to break 1/8 (0.6469) and then continue falling towards the support at 0/8 (0.6347). However, this scenario may be cancelled if the price breaks the resistance at 2/8 (0.6591) to the upside. After that, the instrument may move upwards to reach 3/8 (0.6714).

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Murrey Math Lines 06.10.2022 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. The Relative Strength Index has rebounded from the support. In this case, the pair is expected to break 5/8 (0.9826) and then continue growing towards the resistance at 7/8 (0.9948). However, this scenario may be cancelled if the price breaks the support at 4/8 (0.9765) to the downside. After that, the instrument may move downwards to reach 3/8 (0.9704).

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Forex Technical Analysis & Forecast 10.10.2022

EURUSD, “Euro vs US Dollar”

After completing the descending wave at 0.9748, EURUSD is consolidating there. Possibly, the pair may resume falling to break 0.9680 and then continue trading downwards with the target at 0.9500.

Read more - Forex Technical Analysis & Forecast 10.10.2022