Japanese Candlesticks Analysis 30.05.2023 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”

On H4, near the resistance level, EURUSD has formed a Harami reversal pattern. Currently, the currency pair is going by the reversal signal in a descending wave. The decline target might be 1.0640. However, the pair could correct to 1.0725 and continue the downtrend after the test of the resistance level.

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Ichimoku Cloud Analysis 01.06.2023 (USDCHF, NZDUSD, USDCAD)

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is pushing off the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.9055 is expected, followed by a rise to 0.9245. An additional signal confirming the rise will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud, securing under 0.8975, which will mean a further decline to 0.8885.

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Ichimoku Cloud Analysis 05.06.2023 (EURUSD, USDJPY, NZDUSD)

EURUSD, “Euro vs US Dollar”

EURUSD has pushed off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.0715 is expected, followed by a decline to 1.0465. An additional signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 1.0775, which will mean further growth to 1.0875.

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Technical Analysis & Forecast 07.06.2023

EURUSD, “Euro vs US Dollar”

The currency pair has completed a wave of decline to 1.0666 and a correction to 1.0700. Today the market continues developing a structure of decline to 1.0632. After it reaches this level, a link of growth to 1.0666 (a test from below) will not be excluded, followed by a decline to 1.0602. This is a local target.

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Japanese Candlesticks Analysis 09.06.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD has formed an Inverted Hammer reversal pattern on H4. The instrument is now going by the reversal signal in an ascending wave. The correction target might be 1.3410. Next, the price has a chance to rebound and continue the downtrend. However, the quotes might decline to the 1.3310 level without a correction.

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Technical Analysis & Forecast 14.06.2023

EURUSD, “Euro vs US Dollar”

The currency pair continues developing a wide consolidation range around 1.0770. At the moment, the market has extended it to 1.0820. Today the price has completed a declining impulse to 1.0777 and a correction of this impulse to 1.0808. The market is now forming a new structure of decline to 1.0777. This level is expected to break downwards, so that the range might extend to 1.0744. This is a local target.

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Murrey Math Lines 16.06.2023 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotes have broken the 200-day Moving Average and are below it, indicating the probability of developing a downtrend. The RSI is nearing the overbought area. In such a situation, the 2/8 (0.8911) level is expected to be broken down, with the price then declining to support at 1/8 (0.8850). The scenario can be cancelled by rising above resistance at 3/8 (0.8972). In this case, the pair might return to 4/8 (0.9033).

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Technical Analysis & Forecast 21.06.2023

EURUSD, “Euro vs US Dollar”

The currency pair is forming a structure of a declining wave to 1.0880. After it reaches the level, a correction to 1.0915 might follow (a test from below). Next, a decline to 1.0820 is expected. This is a local target.

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Murrey Math Lines 23.06.2023 (Brent, S&P 500)

Brent

Brent quotes are under the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a breakout of 3/8 (73.44) is expected, followed by a decline to the support at 2/8 (71.88). The scenario can be cancelled by rising above the resistance at 4/8 (75.00). In this case, Brent quotes might rise to 5/8 (76.56).

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Murrey Math Lines 27.06.2023 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken the 200-day Moving Average on H4 and is above the line now, revealing the probable development of an uptrend. The RSI is testing the resistance line. As a result, a test of 7/8 (0.6774) is expected, followed by a breakout and a rise to the resistance level of 8/8 (0.6835). The scenario can be cancelled by a downward breakout of the support level of 5/8 (0.6652). In this case, the pair could drop to 4/8 (0.6591).

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Ichimoku Cloud Analysis 29.06.2023 (GBPUSD, AUDUSD, USDJPY)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is testing the support area. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.2665 is expected, followed by a decline to 1.2425. An additional signal confirming the decline will be a rebound from the upper border of the bearish channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 1.2780, which will mean further growth to 1.2870.

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Ichimoku Cloud Analysis 03.07.2023 (GBPUSD, NZDUSD, USDCAD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is rebounding from the resistance level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.2685 is expected, followed by a decline to 1.2440. An additional signal confirming the decline will be a rebound from the upper border of the bearish channel. The scenario can be cancelled by a breakout of the upper border of the Cloud with the price securing above 1.2780, which will mean further growth to 1.2870.

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