Forex Technical Analysis & Forecast 12.10.2022

EURUSD, “Euro vs US Dollar”

After completing the descending wave at 0.9682 along with the correction up to 0.9733, EURUSD is expected to start a new decline towards 0.9640 and may later correct to test 0.9686 from below. After that, the instrument may resume falling with the target at 0.9600, or even extend this structure sown to 0.9500.

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Japanese Candlesticks Analysis 14.10.2022 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance area during the pullback, EURUSD may reverse in the form of a new descending wave. In this case, the downside target may be at 0.9595. However, an alternative scenario implies that the price may correct to rebound from 0.9855 and continue the downtrend only after the pullback up to the resistance level.

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Forex Technical Analysis & Forecast 18.10.2022

EURUSD, “Euro vs US Dollar”

EURUSD has formed a consolidation range around 0.9790 and continues to correct to 0.9873. After this level has been reached, the downside link to the level of 0.9790 is not excluded (test from above). Next, consider the likelihood of another upside structure to 0.9950.

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Forex Technical Analysis & Forecast 20.10.2022

EURUSD, “Euro vs US Dollar”

EURUSD is out of a downward consolidation range. Today we expect a test from the bottom at 0.9797. Further down to 0.9720 with the prospect of trend continuation to 0.9710.

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Ichimoku Cloud Analysis 24.10.2022 (NZDUSD, USDCHF, USDCAD)

NZDUSD, “New Zealand Dollar vs US Dollar”

The pair us pushing off the resistance level, going under the Ichimoku Cloud, which means it is in an uptrend. A test of the signal lines of the indicator at 0.5715 is expected, followed by growth to 0.5925. An additional signal confirming the growth will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.5555, which will indicate further falling to 0.5455.

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Forex Technical Analysis & Forecast 26.10.2022

EURUSD, “Euro vs US Dollar”

The pair has reached the estimated goal of the wave of growth at 0.9974. Today the market is forming a consolidation range under this level. The range might extend upwards to 0.9998. After this one is reached, a wave of decline to 0.9800 is expected to begin.

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Japanese Candlesticks Analysis 28.10.2022 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

On H4, at a pullback near the support level the a Harami reversal pattern has formed. Currently, the pair can go by the signal in an ascending wave. The goal of growth is 1.0090. However, the quotes may pull back to 0.9915, bounce off the level, and continue the uptrend after the correction.

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Murrey Math Lines 01.11.2022 (AUDUSD, NZDUSD)

AUDUSD, "Australian Dollar vs US Dollar"

On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI earlier bounced off 70 and is going down step by step. Currently, we should expect a test of 4/8 (0.6347), a breakaway of it, and falling to the support level of 3/8 (0.6225). The scenario can be cancelled by rising over the resistance level of 5/8 (0.6469). In this case, the pair might rise to 6/8 (0.6591).

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Ichimoku Cloud Analysis 03.11.2022 (EURUSD, GOLD, NZDUSD)

EURUSD, “Euro vs US Dollar”

The pair has secured under the resistance level and is going under the Ichimoku Cloud, which indicates a downtrend. A test of the lower border of the Cloud is expected at 0.9885, followed by falling to 0.9605. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.0010, which will entail further growth to 1.0105. The falling can be confirmed by a breakaway of the lower border of the bullish channel and securing under 0.9705.

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Murrey Math Lines 08.11.2022 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotes have broken through the 200-day Moving Average and are now above it, which hints on possible development of an uptrend. However, the RSI is nearing the overbought area. As a result, we should expect a test of 4/8 (0.6347), a breakaway of it, and a decline to the support level of 3/8 (0.6225). The scenario can be cancelled by rising over the resistance level of 5/8 (0.6469). In this case, the pair might rise to 6/8 (0.6591).

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Murrey Math Lines 10.11.2022 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotes of the pair and the RSI are nearing the oversold area. Currently, we should expect a test of 0/8 (0.9765), a bounce off it, and growth to the resistance level of 2/8 (1.0009). The scenario can be cancelled by a downward breakaway of the support level of 0/8 (1.0009). In this case, the pair will continue falling, and the quotes may drop to -1/8 (0.9643).

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Ichimoku Cloud Analysis 14.11.2022 (GBPUSD, NZDUSD, USDCHF)

GBPUSD

GBPUSD is testing the Tenkan-Sen line of the indicator, going above the Cloud, which indicates an uptrend. A test of the Kijun-Sen line is expected at 1.1600, followed by growth to 1.2175. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.1275, which will indicate further falling to 1.1185.

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