Japanese Candlesticks Analysis 25.12.2019 (USDCAD, AUDUSD)

Japanese Candlesticks Analysis 25.12.2019 (USDCAD, AUDUSD)

25.12.2019

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the pair continues forming another descending wave. By now, it has reversed after completing Hammer pattern. The current situation implies that USDCAD may rebound from the channel’s upside border and then resume falling towards 1.3070. However, we shouldn’t ignore an alternative scenario, according to which the instrument may grow to return to 1.3192.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair continues forming the ascending tendency. After forming Shooting Star reversal pattern close to the channel’s upside border, AUDUSD is starting to reverse. Considering that the pair is not trading today due to Christmas, there might be a gap during the market opening tomorrow. In this case, the downside target may be at 0.6845. However, we shouldn’t ignore an alternative scenario, which implies that the instrument may update its highs and test 0.6955.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Fibonacci Retracements Analysis 25.12.2019 (GBPUSD, EURJPY)

Fibonacci Retracements Analysis 25.12.2019 (GBPUSD, EURJPY)

25.12.2019

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, there was a divergence on MACD, which made the pair reverse downwards after reaching 61.8% fibo. By now, GBPUSD has almost reached the mid-term support at 1.2883. After completing the pullback, the instrument may start another rising wave towards 76.0% fibo at 1.3794.

GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows the more detailed structure of the current descending correction. At the moment, the pair is getting close to 50.0% fibo at 1.2855 and may later reach 61.8% fibo at 1.2700. At the same time, there is convergence on MACD, which indicates a possible pullback after the price reaches one of its targets. The resistance is the high at 1.3514.

GBPUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURJPY, “Euro vs. Japanese Yen”

In the daily chart, there was a divergence on MACD, which made the pair reverse downwards after reaching 76.0% fibo. Right now, EURJPY is getting close to the local support, which is 61.8% fibo at 120.50. if later the price breaks it, the instrument will continue falling towards the low at 115.86.

EURJPY_D1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the H4 chart, the pair is correcting downwards after finishing the rising impulse. By now, it has almost reached 61.8% fibo at 121.00. The next downside target may be 76.0% fibo at 120.63. if the price breaks the fractal support at 119.99, the mid-term tendency may reverse. Otherwise, the instrument may break the resistance at 122.65 and continue the mid-term uptrend.

EURJPY_H4

Forex Technical Analysis & Forecast 25.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 25.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

25.12.2019

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1094. After the market opening, the pair may continue growing towards 1.1100; and that’s just a half of the second impulse. Later, the price is expected to continue moving upwards with the short-term target at 1.1133.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed the second ascending impulse at 1.2965. After the market opening, the pair is expected to form a new descending structure towards 1.2939 and then start another growth to reach 1.2975. Later, the market may resume trading downwards with the target at 1.2860.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating close to the downside border. If the price breaks 0.9800 and forms a continuation pattern, the instrument may continue trading inside the downtrend with the target at 0.9782.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 109.42 without any particular direction; right now, it is correcting inside Flag pattern with the target at 109.14. After that, the instrument may form one more ascending structure to reach to 109.84.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still growing with the target at 0.6944, at least. Later, the market may form a new descending structure to break 0.6892 and then resume moving downwards with the first target at 0.6857.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached another downside target at 61.90. After the market opening, the pair is expected to start a new growth towards 62.12 and then resume trading inside the downtrend with the target at 61.63.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is consolidating around 1.3159. If later, the price breaks this range to the upside at 1.3170, the market may form one more ascending structure with the target at 1.3182; if to the downside at 1.3155 – resume falling to reach 1.3133.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold has expended the range up to 1498.80. After the market opening, the pair is expected to form a new descending structure to break 1488.68 and then continue trading inside the downtrend with the first target at 1477.33.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has broken 66.36 upwards; right now, it is still forming the third ascending wave. After the market opening, the pair is expected to reach 67.00 and then form a new descending structure towards 66.33. After that, the market may resume trading upwards with the target at 67.22.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has rebounded from 7350.00 downwards. The main scenario implies that the pair may fall towards 6999.00 and then resume growing to return to 7350.00, thus forming a new consolidation range. If later, the price breaks this range to the upside, the market may form one more ascending structure with the target at 8200.00; if to the downside – resume trading inside the downtrend to reach 6800.00.

BTCUSD

The USD is celebrating Christmas in a strong position. Overview for 25.12.2019

The USD is celebrating Christmas in a strong position. Overview for 25.12.2019

25.12.2019

The major currency pair stopped moving due to Christmas, but it is still under pressure.

EURUSD is barely moving on Wednesday as market players are celebrating catholic Christmas. The current quote for the instrument is 1.1093.

This time of the year, the market is traditionally thin and demand for the USD is usually higher due to its stability.

The statistics published yesterday showed that the Durable Goods Orders lost 2.0% m/m in November after adding 0.5% m/m the month before and against the expected reading of +0.2% m/m. The Core Durable Goods Orders didn’t change although it was expected to expand by 1.5% m/m.

The New Home Sales in the USA showed 719K in November after being 710K in October and against the expected reading of 730K.

There will be no significant macroeconomic reports in the calendar until the end of this week: as a rule, prices don’t want to go anywhere at the end of December.

Fibonacci Retracements Analysis 24.12.2019 (EURUSD, USDJPY)

Fibonacci Retracements Analysis 24.12.2019 (EURUSD, USDJPY)

24.12.2019

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the correctional downtrend has almost reached 61.8% fibo at 1.1065 but is not in a hurry to continue. The next descending impulse may reach 61.8% and 76.0% fibo at 1.1065 and 1.1034 respectively, and if it later breaks the fractal support at 1.0981, the price may continue falling towards its long-term lows. The current resistance is 38.2% fibo at 1.1116. If EURUSD breaks it, the instrument may grow towards the high at 1.1200 and mid-term 61.8% fibo at 1.1208.

EURUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, after trying to test 61.8% fibo, EURUSD started a new pullback. The target is the local resistance at 38.2% fibo at 1.1116.

EURUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after rebounding from 23.6% fibo, USDJPY is trading near the high at 109.73. If the price breaks the high, the instrument may continue growing to reach 76.0% fibo at 110.49. Otherwise, USDJPY may continue its decline towards 38.2%, 50.0%, and 61.8% fibo at 107.71, 107.09, and 106.47 respectively.

USDJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, after completing the rising impulse, the pair is correcting downwards and has already reached 38.2% fibo. Possibly, later the price may continue trading towards 50.0 and 61.8% fibo at 109.08 and 108.93 respectively.

USDJPY_H1

Ichimoku Cloud Analysis 24.12.2019 (AUDUSD, NZDUSD, USDCAD)

Ichimoku Cloud Analysis 24.12.2019 (AUDUSD, NZDUSD, USDCAD)

24.12.2019

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6915; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6885 and then resume moving upwards to reach 0.6995. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6845. In this case, the pair may continue falling towards 0.6755.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6623; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6600 and then resume moving upwards to reach 0.6710. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6550. In this case, the pair may continue falling towards 0.6465.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3155; 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 1.3165 and then resume moving downwards to reach 1.3025. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.3220. In this case, the pair may continue growing towards 1.3305. After breaking Triangle’s downside border and fixing below 1.3110, the price may continue moving downwards.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Japanese Candlesticks Analysis 24.12.2019 (GOLD, NZDUSD)

Japanese Candlesticks Analysis 24.12.2019 (GOLD, NZDUSD)

24.12.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. Right now, XAUUSD is moving to reach the rising channel’s upside border. In this case, the target is at 1492.00 where the price may form a reversal pattern. Later, the pair may start a new correction and resume falling with the target at 1474.00. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue trading upwards without any corrections.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After forming several reversal patterns, including Shooting Star, near the channel’s upside border, NZDUSD is still trading inside the range; the downside target may be the closest support level at 0.6561. At the same time, one shouldn’t exclude an opposite scenario, according to which the instrument may update its highs and grow towards 0.6645.

NZDUSD

Forex Technical Analysis & Forecast 24.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 24.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

24.12.2019

EURUSD, “Euro vs US Dollar”

After finishing the first ascending impulse along with the correction at 1.1070, EURUSD is forming the second one. Possibly, the pair may consolidate around 1.1091. If later the price breaks this range to the upside, the market may resume moving upwards to break 1.1099 and then continue growing with the short-term target at 1.1126.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

After completing the first ascending impulse along with the correction at 1.2919, GBPUSD is forming the second one. Today, the pair may reach 1.2983 and then start a new correction towards 1.2930. Later, the market may resume moving upwards with the target at 1.3030.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF continues growing towards 0.9838. After that, the instrument may start another correction with the target at 0.9803.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 109.42 without any particular direction; right now, it is correcting inside Flag pattern with the target at 109.14. After that, the instrument may form one more ascending structure to reach to 109.84.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still growing with the target at 0.6944, at least. Later, the market may form a new descending structure to break 0.6892 and then resume moving downwards with the first target at 0.6857.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is correcting towards 62.42. Later, the market may resume trading inside the downtrend with the target at 61.88.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD has finished the descending impulse towards 1.3136 along with the correction at 1.3157, thus forming a new consolidation range. If later, the price breaks this range to the upside at 1.3160, the market may start another growth with the target at 1.3185; if to the downside at 1.3135 – resume falling to reach 1.3104.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold continues trading upwards; it has reached 1488.68 to return to the downside continuation pattern. The main scenario implies that the price may form a new descending structure with the first target at 1477.33.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has returned to 66.20; right now, it is consolidating around it. According to the main scenario, the price is expected to continue forming the third ascending wave towards 67.07.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

After finishing the ascending wave at 7600.00, BTCUSD has completed the descending impulse towards 7350.00; right now, it is forming a downside continuation pattern with the target at 6999.00. After that, the instrument may grow to break 7350.00 and then continue moving upwards with the first target at 8200.00.

BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The Pound updated its three weeks lows. Overview for 24.12.2019

The Pound updated its three weeks lows. Overview for 24.12.2019

24.12.2019

GBPUSD stopped falling, but remains week.

The British Pound slowed down its decline against the USD on Tuesday. The current quote for the instrument is 1.2944.

This week, there will be no important statistics for the British Pound: today it’s Christmas eve, tomorrow – Christmas itself, that’s why British markets will be closed until Thursday.

However, market players are really concerned about the Brexit. At the moment, when the Conservative Party and the country’s Prime Minister Boris Johnson are “set loose” in making the Brexit decisions, chances of the “hardcore” exiting scenario are rising. It means that the United Kingdom may exit the European Union until January 31st, 2020 without caring whether it has a trade agreement with the alliance or not. Euphoria was quickly replaced by routine, because Tory may really ignore common sense in favor of completing the Brexit as soon as possible. In the meantime, investors are pretty clear-eyed about the risks and see all possible problems that may follow the exiting procedure.

What exactly alerted them? The fact that the British policymakers insist on a special article in the Brexit agreement that makes the English judicial law dominating over the European one. The alliance may not agree to it and Johnson may jeopardize the talks and threaten to exit the Union without the agreement.

Under such conditions, the Pound may remain under pressure for a long time, which prevents it from getting back to 1.30.

rfxsignals December 24, 2019 No Comments

DAILY FREE FOREX SIGNALS – 24-12-2019 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

USDCHF BUY -0.98256
SL-0.97895
TP1-0.98411
TP2-0.98564

EURAUD BUY -1.60371
SL-1.59978
TP1-1.60571
TP2-1.60816

AUDJPY SELL-75.621
SL-76.032
TP1-75.428
TP2-75.248

USDCAD BUY -1.31591
SL-1.31172
TP1-1.31771
TP2-1.31983

CADJPY SELL-83.121
SL-83.432
TP1-82.943
TP2-82.795

EURCAD BUY -1.45908
SL-1.45534
TP1-1.46126
TP2-1.46379

AUDUSD SELL-0.69130
SL-0.69579
TP1-0.68962
TP2-0.68734

NZDUSD SELL-0.66245
SL-0.66553
TP1-0.66088
TP2-0.65900