Murrey Math Lines 01.02.2022 (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, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. However, this scenario may no longer be valid if the price breaks the resistance at 4/8 to the upside. After that, the instrument may reverse and correct towards 5/8.

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Fibonacci Retracements Analysis 03.02.2022 (Brent, Dow Jones)

Brent

As we can see in the H4 chart, after breaking the high at 86.63 and fixing above it, Brent has stopped at 91.43. At first, the asset intended to reach the post-correctional extension area between 138.2% and 161.8% fibo at 94.53 and 99.41 respectively, but the above-mentioned level turned into strong resistance. Both this resistance and divergence on MACD are a signal in favour of a new pullback towards the local support at 69.26, a breakout of which will lead to the key one at 65.89.

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Ichimoku Cloud Analysis 07.02.2022 (USDCHF, AUDUSD, USDJPY)

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9252; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9230 and then resume moving upwards to reach 0.9410. Another signal in favour of a further uptrend will be a rebound from the bullish 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 0.9175. In this case, the pair may continue falling towards 0.9080. To confirm further growth, the asset must break the cloud’s upside border and fix above 0.9305.

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Forex Technical Analysis & Forecast 09.02.2022

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1425. Possibly, today the pair may grow towards 1.1435 and then fall with the short-term target at 1.1386. Later, the market may correct to test 1.1420 from below and then resume trading downwards to break 1.1380. After that, the instrument may continue falling to reach 1.1300.

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Japanese Candlesticks Analysis 11.02.2022 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the asset has formed one more Hanging Man reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside correctional target may be at 1.1360. However, an alternative scenario implies that the price may continue growing to reach 1.1530 without forming any corrections towards the support area.

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Murrey Math Lines 15.02.2022 (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, thus indicating a possible descending tendency. In this case, the price is expected to rebound from 5/8 and then resume falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8 to the upside. After that, the instrument may reverse and grow towards the next resistance at 6/8.

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Fibonacci Retracements Analysis 17.02.2022 (Brent, Dow Jones)

Brent

As we can see in the H4 chart, divergence on MACD made the asset start a new correctional decline after entering the post-correctional extension area between 138.2% and 161.8% fibo at 94.54 and 99.43 respectively. A breakout of the key support at 65.89 will lead to a reversal of the long-term tendency.

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Ichimoku Cloud Analysis 21.02.2022 (EURUSD, USDJPY, NZDUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1366; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1380 and then resume moving downwards to reach 1.1180. Another signal in favour of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1445. In this case, the pair may continue growing towards 1.1535. To confirm further decline, the asset must break the pattern’s downside border and fix below 1.1285.

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Forex Technical Analysis & Forecast 23.02.2022

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1324. Possibly, today the pair may fall to break 1.1284 and then continue trading downwards with the target at 1.1255.

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Japanese Candlesticks Analysis 25.02.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed a Harami pattern not far from the support level. At the moment, the asset is reversing in the form a new rising impulse. In this case, the upside target may be the resistance area at 1960.00. At the same time, an opposite scenario implies that the price may correct to reach 1895.00 first and then resume the ascending tendency.

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Murrey Math Lines 01.03.2022 (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 break 7/8 and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks the support at 6/8 to the downside. After that, the instrument may reverse and fall towards 4/8.

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Ichimoku Cloud Analysis 03.03.2022 (EURUSD, BRENT, GBPUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1100; 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 1.1195 and then resume moving downwards to reach 1.0885. 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 1.1320. In this case, the pair may continue growing towards 1.1415.

Read more - Ichimoku Cloud Analysis EURUSD, BRENT, GBPUSD