Japanese Candlesticks Analysis 15.03.2023 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

On H4, EURUSD has formed a reversal pattern of a Long-Legged Doji near the resistance level. At this stage, the signal from the reversal candlestick pattern may trigger a downward wave. The target for the pullback will be 1.0710. However, one should not exclude the variant with price growth to the level of 1.0790 and continuation of the upward trend without a support test.

Read more - Japanese Candlesticks Analysis GOLD

Forex Technical Analysis & Forecast 20.03.2023

EURUSD, “Euro vs US Dollar”

The currency pair has completed a wave of correction to 1.0687. At the moment, a consolidation range is forming around this level. The price is likely to escape the range downwards and continue the wave to 1.0516. The target is local. After the quotes reach the level, a link of growth to 1.0600 should follow, and after that, we might see a decline to 1.0350.

Read more - Forex Technical Analysis & Forecast 20.03.2023

Technical Analysis & Forecast 22.03.2023

EURUSD, “Euro vs US Dollar”

The currency pair has completed a wave of growth to 1.0787. At the moment, a consolidation range is forming around this level. We expect an escape of the price from the range downwards and further development of the wave to 1.0650. The target is first. After the price reaches this level, a link of growth to 1.0717 is not excluded, followed by a decline to 1.0585. The target is second.

Read more - Technical Analysis & Forecast 22.03.2023

Japanese Candlesticks Analysis 24.03.2023 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

Near the resistance, gold has formed a Hanging Man reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target of the decline might be 1970.50. Upon testing the support, the price might push off it and continue the uptrend. However, the quotes may grow to 2015.00 without any serious pullback.

Read more - Japanese Candlesticks Analysis XAUUSD, NZDUSD, GBPUSD

Murrey Math Lines 28.03.2023 ()

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is nearing the resistance line. In these circumstances, we expect the quotes to test 2/8 (0.6713), make a rebound off it, and fall to the support level of 0/8 (0.6591). The scenario can be canceled by an upward breakaway of the resistance at 2/8 (0.6713). In this case, the pair might rise to 3/8 (0.6874).

Read more - Murrey Math Lines Murrey Math Lines 28.03.2023 (AUDUSD, NZDUSD)

Murrey Math Lines 30.03.2023 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, USDCHF are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI have rebounded from the resistance line. In this situation, we should expect the price to test the level of 2/8 (0.9155), break it, and fall to the support at 1/8 (0.9094). The scenario can be canceled if the price rises above the resistance at 3/8 (0.9216). In this case, the pair could grow to 4/8 (0.9277).

Read more - Murrey Math Lines USDCHF, XAUUSD

Ichimoku Cloud Analysis 03.04.2023 (EURUSD, NZDUSD, GOLD)

EURUSD, “Euro vs US Dollar”

EURUSD is correcting after a rebound from the resistance. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0675 is expected, followed by growth to 1.1045. An additional signal confirming the decline will be a rebound from the lower border of the descending Triangle pattern. The scenario can be cancelled by a breakout of the lower border of the Cloud and securing under 1.0685, which will mean further falling to 1.0595. The scenario of the growth can be confirmed by a breakout of the upper border of the Triangle and securing above 1.0965.

Read more - Ichimoku Cloud Analysis EURUSD, NZDUSD, GOLD

Technical Analysis & Forecast 05.04.2023

EURUSD, “Euro vs US Dollar”

The currency pair has completed a link of growth to 1.0972. Today the market is forming a consolidation range under this level. Next, the price could fall to 1.0925, and then a link of growth to 1.0977 is not excluded. After the quotes reach this level, a wave of decline to 1.0880 could start. And when the wave breaks this level as well, a pathway to 1.0788 could open.

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Japanese Candlesticks Analysis 07.04.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

On H4, USDCAD has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the correction could be 1.3545. Then the price could rebound from this level and go on with the downtrend. However, the price may drop to 1.3430 without testing the resistance.

Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF

Murrey Math Lines 11.04.2023 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of 5/8 (0.6652) is expected, after which the price could drop to the support at 4/8 (0.6591). The scenario can be canceled if the quotes rise above the resistance at 6/8 (0.6713), which can lead to a trend reversal and growth of the pair to 7/8 (0.6774).

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Murrey Math Lines 13.04.2023 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, USDCHF quotes are in the oversold area. The RSI has broken the resistance line. A breakout of -1/8 (0.8972) and growth of the price to the resistance at 1/8 (0.9094) are to be expected. The scenario can be canceled by a downward breakout of the support at -2/8 (0.8911), which will reshuffle the Murray grid so that new targets will be set.

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Ichimoku Cloud Analysis 17.04.2023 (GBPUSD, USDCHF, AUDUSD)

GBPUSD, “Great Britain Pound vs US Dollar”

The pair is pushing off the lower border of the bullish channel. The instrument is going above the Ichimoku Cloud, which indicates the prevalence of an uptrend. A test of the lower border of the Cloud is expected at 1.2395, followed by growth to 1.2645. An additional signal confirming the growth will be a rebound from the lower border of the bullish channel. The scenario of growth can be canceled by a breakout of the lower border of the Cloud and securing under 1.2365, which will entail further falling to 1.2275.

Read more - Ichimoku Cloud Analysis GBPUSD, USDCHF, AUDUSD