Japanese Candlesticks Analysis 28.05.2021 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the correction continues. After forming several reversal patterns, such as Shooting Star, close to the resistance level, XAUUSD is reversing and may form a new pullback to reach the support area at 1870.00. At the same time, an opposite scenario implies that the price may continue growing towards 1920.00 without testing the support area.

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Murrey Math Lines 01.06.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it to indicate a possible ascending tendency. In this case, the price is expected to continue moving upwards and reach the resistance at 8/8. However, this scenario may be canceled if the price breaks 7/8 to the downside. After that, the instrument may continue falling towards the support at 6/8.

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Fibonacci Retracements Analysis 03.06.2021 (Brent, Dow Jones)

Brent

In the H4 chart, after completing the correctional downtrend at 50.0% fibo, Brent is steadily growing and has already broken both highs, local and long-term, at 69.97 and 71.07 respectively. Later, the market may continue growing to reach the post-correctional extension area between 138.2% and 161.8% fibo at 72.05 and 73.33 respectively. The support is the local low at 64.50.

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Ichimoku Cloud Analysis 07.06.2021 (GBPUSD, XAGUSD, USDCHF)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.4117; 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 1.4155 and then resume moving downwards to reach 1.3995. Another signal in favor of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.4210. In this case, the pair may continue growing towards 1.4305.

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Forex Technical Analysis & Forecast 09.06.2021

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.2178. Today, the pair may fall to break 1.2144 and then continue trading downwards with the target at 1.2090. After that, the instrument may start a new correction towards 1.2170.

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Ichimoku Cloud Analysis 11.06.2021 (AUDUSD, USDJPY, AUDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7760; 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 0.7725 and then resume moving upwards to reach 0.7845. 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 0.7690. In this case, the pair may continue falling towards 0.7595. To confirm further growth, the asset must break the descending channel’s upside border and fix above 0.7785.

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Murrey Math Lines 15.06.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading below it to indicate a possible descending tendency. In this case, the price is expected to break 6/8 and then continue moving downwards to reach the support at 5/8. However, this scenario may be canceled 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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Fibonacci Retracements Analysis 17.06.2021 (Brent, Dow Jones)

Brent

In the daily chart, after breaking 76.0% fibo and updating the high at 71.07, Brent is still growing towards the long-term high at 87.09. However, a divergence on MACD may indicate a possible pullback to reach the local support, which is 61.8% fibo at 59.80.

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Japanese Candlesticks Analysis 21.06.2021 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the downtrend continues. After forming several reversal patterns, such as Hammer, close to the support level, XAUUSD may reverse and form a new pullback to reach the resistance area at 1796.00. At the same time, an opposite scenario implies that the price may continue falling within the downtrend towards 1746.50 without testing the resistance area.

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Forex Technical Analysis & Forecast 23.06.2021

EURUSD, “Euro vs US Dollar”

After finishing the correction, EURUSD is falling with the short-term target at 1.1750. After that, the instrument may start a new growth to return to 1.1940 and then resume trading downwards to reach 1.1660.

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Japanese Candlesticks Analysis 25.06.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the asset continues trading close to the support level, where it has formed several reversal patterns, including Hammer. At the moment, USDCAD may reverse and start a new growth towards 1.2430. After testing this level, the price may break it and continue its ascending tendency. However, an alternative scenario implies that the asset may correct to reach 1.2250 before further growth.

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Murrey Math Lines 29.06.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

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 3/8, break it, and then continue moving downwards to reach the support at 2/8. However, this scenario may be canceled if the price breaks 4/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 5/8.

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