Forex Technical Analysis & Forecast 29.06.2022

EURUSD, “Euro vs US Dollar”

After completing the descending wave at 1.0555 and breaking this level, EURUSD continue falling towards 1.0494. Later, the market may grow to test 1.0555 from below and then resume falling with the target at 1.0440.

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Japanese Candlesticks Analysis 01.07.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed a Shooting Star reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending impulse. In this case, the downside target may be the support level at 1785.50. At the same time, an opposite scenario implies that the price may correct to reach 1807.50 first and then fall towards the support level.

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Japanese Candlesticks Analysis 05.07.2022 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD may is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.0490. However, an alternative scenario implies that the price may fall to reach 1.0355 and continue the downtrend without testing 1.0490.

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Ichimoku Cloud Analysis 07.07.2022 (AUDUSD, BRENT, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6820 and then resume moving downwards to reach 0.6575. 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 0.6905. In this case, the pair may continue growing towards 0.7005.

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Ichimoku Cloud Analysis 11.07.2022 (AUDSD, XAUUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has rebounded from the resistance level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6830 and then resume moving downwards to reach 0.6585. 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 0.6915. In this case, the pair may continue growing towards 0.7010.

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Forex Technical Analysis & Forecast 13.07.2022

EURUSD, “Euro vs US Dollar”

EURUSD has finished the descending wave at 0.9999. Possibly, today the pair may correct to test 1.0090 from below and then fall towards 0.9994. Later, the market may start another correction up to 1.0111 and then resume trading downwards with the target at 0.9975.

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Japanese Candlesticks Analysis 15.07.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.3240. Later, the market may break this level and continue to grow. However, an alternative scenario implies that the asset may correct to reach 1.3070 and continue the uptrend only after the pullback.

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Murrey Math Lines 19.07.2022 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is trading inside the “oversold area”. In this case, the price is expected to break 0/8 and continue growing to reach the resistance at 1/8. However, this scenario may no longer be valid if the price rebounds from 0/8 to the downside. After that, the instrument may reverse and resume falling to return to the support at -1/8.

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Murrey Math Lines 21.07.2022 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, having rebounded from the support at 3/8, USDCHF is consolidating. In this case, the pair is expected to grow towards the resistance at 5/8. However, this scenario may be cancelled if the price breaks 3/8 to the downside. After that, the instrument may move downwards to reach the support at 2/8.

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Ichimoku Cloud Analysis 25.07.2022 (GBPUSD, BRENT, USDJPY)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is testing Tenkan-Sen and Kijun-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1935 and then resume moving upwards to reach 1.2235. Another signal in favour of a further uptrend will be 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 1.1875. In this case, the pair may continue falling towards 1.1685.

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Forex Technical Analysis & Forecast 27.07.2022

EURUSD, “Euro vs US Dollar”

Having completed the descending wave at 1.0133, EURUSD is forming a new consolidation range around this level. If later the price breaks the range to the upside, the market may correct up to 1.0200; if to the downside – start a new decline with the short-term target at 1.0033.

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Japanese Candlesticks Analysis 29.07.2022 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support area, EURUSD may reverse in the form of another ascending impulse. In this case, the upside target may be at 1.0290. However, an alternative scenario implies that the price may fall to reach 1.0340 and continue the downtrend without testing the resistance level.

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