Japanese Candlesticks Analysis 10.09.2021 (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, not far from the support level. At the moment, EURUSD may reverse and start a new growth. In this case, the upside target may be at 1.1915. Later, the market may break the resistance area and continue trading upwards. However, an alternative scenario implies that the price may correct to reach 1.1785 first and then resume growing.

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Murrey Math Lines 14.09.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking 5/8, AUDUSD is back to consolidating. In this case, the price is expected to test 4/8, break it, and then continue moving downwards to reach the support at 3/8. However, this scenario may no longer be valid 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 16.09.2021 (Brent, Dow Jones)

Brent

In the daily chart, after falling and testing the first correctional target after divergence at 23.6% fibo (62.90), the asset is moving upwards and heading to break the high at 77.48. However, al long as the price is moving below this level, the market may yet start a new decline to reach 23.6%, 38.2%, 50.0%, and 61.8% fibo at 62.90, 53.88, 46.65, and 39.40 respectively.

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Ichimoku Cloud Analysis 20.09.2021 (NZDUSD, USDCHF, AUDUSD)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7017; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7040 and then resume moving downwards to reach 0.6905. Another signal in favor of a further downtrend will be a rebound from the descending 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 0.7145. In this case, the pair may continue growing towards 0.7235.

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Forex Technical Analysis & Forecast 22.09.2021

EURUSD, “Euro vs US Dollar”

After finishing the ascending wave at 1.1747 along with the correction towards 1.1717, EURUSD is consolidating above the latter level. If later the price breaks this range to the downside at 1.1710, the market may start a new decline towards 1.1680; if to the upside at 1.1740 – continue the correction with the target at 1.1777.

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Murrey Math Lines 24.09.2021 (Brent, S&P 500)

BRENT

In the H4 chart, Brent is trading inside the “overbought area”. In this case, the price is expected to test +2/8, rebound from it, and resume falling towards the support at 8/8. However, this scenario may no longer be valid if the asset breaks +2/8 to the upside. After that, the lines in the chart will be redrawn, thus helping us to define new upside targets.

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Murrey Math Lines 28.09.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is consolidating between 3/8 and 5/8. In this case, the price is expected to break test 4/8, break it, and then continue moving upwards to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may reverse and fall towards the support at 2/8.

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Fibonacci Retracements Analysis 30.09.2021 (Brent, Dow Jones)

Brent

As we can see in the H4 chart, Brent is correcting towards 77.48, which was broken earlier. Later, the price may complete the pullback and resume growing to reach the post-correctional extension area between 138.2% and 161.8% fibo at 82.19 and 85.14 respectively. The key support here is the local low at 65.03.

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Ichimoku Cloud Analysis 04.10.2021 (GBPUSD, AUDUSD, USDCAD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3547; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3575 and then resume moving downwards to reach 1.3275. Another signal in favor 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 1.3725. In this case, the pair may continue growing towards 1.3815.

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Forex Technical Analysis & Forecast 06.10.2021

EURUSD, “Euro vs US Dollar”

After completing the ascending impulse at 1.1612 along with the descending structure towards 1.1596, and then forming a narrow consolidation range around the latter level, EURUSD has broken it to the downside and may later continue falling to reach 1.1578. In fact, the asset is consolidating around 1.1596. If later the price breaks this range to the upside, the market may start another growth to reach 1.1660; if to the downside – form a new descending structure with the target at 1.1555.

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Japanese Candlesticks Analysis 08.10.2021 (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 Doji, not far from the support level. At the moment, EURUSD may reverse and start a new pullback. In this case, the correctional target may be at 1.1595. Later, the market may rebound from the resistance area and resume trading downwards. However, an alternative scenario implies that the price may fall to reach 1.1505 without any corrections.

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Murrey Math Lines 12.10.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it, thus indicating an ascending tendency. In this case, the price is expected to test 5/8, break it, and then continue moving upwards to reach the resistance at 6/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may reverse and fall towards the support at 3/8.

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