Ichimoku Cloud Analysis 11.01.2021 (USDCHF, XAUUSD, USDJPY)

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.8879; 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 0.8825 and then resume moving upwards to reach 0.9060. Another signal in favor of further uptrend will be a rebound from the descending channel’s upside border, which was broken upwards earlier. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.8745. In this case, the pair may continue falling towards 0.8655. To confirm further growth, the asset must break the neckline of a Head & Shoulders reversal pattern and fix above 0.8925, thus indicating the start of the pattern materialization.

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Forex Technical Analysis & Forecast 13.01.2021

EURUSD, “Euro vs US Dollar”

After forming a new consolidation range below 1.2180 and breaking it to the upside, EURUSD is still correcting with the short-term target at 1.2222. Later, the market may resume trading downwards to test 1.2180 from above and then start another growth to complete the correction at 1.2230. After that, the instrument may form a new descending structure with the target at 1.2111.

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Japanese Candlesticks Analysis 15.01.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the pair is forming another correctional wave. Right now, after forming a Harami reversal pattern not far from the support level, USDCAD may reverse in the form of another pullback. Later, the asset may continue falling within the descending channel. In this case, the downside target will be at 1.2585. However, an alternative scenario implies a more significant correction towards the channel’s upside border at 1.2765 before the instrument resumes its decline.

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Murrey Math Lines 19.01.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is moving above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 7/8 and then continue growing to reach the resistance at 8/8. However, this scenario may be canceled if the price breaks the support at 6/8 to the downside. After that, the instrument may reverse and continue falling towards the support at 5/8.

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Fibonacci Retracements Analysis 21.01.2021 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is forming a new local correction after a divergence on MACD. The current rising impulse is heading towards the high at 0.7820, a breakout of which will lead to a further growth to reach the long-term 50.0% fibo at 0.8292. However, if the price rebounds from the high, the asset may resume falling to reach 23.6%, 38.2%, and 50.0% fibo at 0.7625, 0.7503, and 0.7405 respectively.

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Ichimoku Cloud Analysis 25.01.2021 (EURJPY, BTCUSD, NZDUSD)

EURJPY, “Euro vs Japanese Yen”

EURJPY is trading at 126.32; 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 126.05 and then resume moving upwards to reach 127.20. Another signal in favor of a further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 125.45. In this case, the pair may continue falling towards 124.55. To confirm further growth, the asset must break the descending channel’s upside border and fix above 126.55.

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Forex Technical Analysis & Forecast 27.01.2021

EURUSD, “Euro vs US Dollar”

After finishing the correction at 1.2107, EURUSD is growing towards 1.2188. Later, the market may start a new correction to reach 1.2140 and then form one more ascending structure with the target at 1.2200.

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Japanese Candlesticks Analysis 29.01.2021 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the descending tendency continues. Right now, after forming several reversal patterns, such as Engulfing, close to the resistance level, EURUSD is reversing. In this case, the correctional target remains at 1.2020. After that, the pair may rebound from the support level and resume trading upwards to reach the channel’s upside border. However, an alternative scenario implies that the price may start a new growth to reach 1.2175 without testing 1.2020.

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Murrey Math Lines 02.02.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD has broken the 200-day Moving Average and 5/8. In this case, the price is expected to continue falling to reach the closest support at 4/8. However, this scenario may be canceled 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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Fibonacci Retracements Analysis 04.02.2021 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after finishing the rising wave, AUDUSD is correcting to the downside and has already transformed the Flag-shaped channel into a proper bearish wave, just as expected; it has already reached 23.6% fibo. Later, it may continue towards 38.2% and 50.0% fibo at 0.7503 and 0.7405 respectively. The resistance is the high at 0.7820.

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Ichimoku Cloud Analysis 08.02.2021 (LTCUSD, EURUSD, USDJPY)

LTCUSD, “Litecoin vs US Dollar”

LTCUSD is trading at 150.25; 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 146.55 and then resume moving upwards to reach 175.05. Another signal in favor of a further uptrend is 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 135.05. In this case, the pair may continue falling towards 120.05.

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