rfxsignals February 16, 2021 No Comments

Murrey Math Lines 16.02.2021 (AUDUSD, NZDUSD)

Murrey Math Lines 16.02.2021 (AUDUSD, NZDUSD)

16.02.2021

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is approaching the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then correct downwards to reach the support at 5/8. However, this scenario may be canceled if the price breaks 8/8 to the upside. After that, the instrument may grow towards the resistance at +1/8.

AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

AUDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD is trading above the 200-day Moving Average, thus indicating an ascending tendency. downwards. In this case, the price is expected to break 6/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. In this case, the instrument may continue falling to reach the support at 4/8.

NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the price has broken the upside line of the VoltyChannel indicator and, as a result, may continue growing.

NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

rfxsignals February 16, 2021 No Comments

Japanese Candlesticks Analysis 16.02.2021 (EURUSD, USDJPY, EURGBP)

Japanese Candlesticks Analysis 16.02.2021 (EURUSD, USDJPY, EURGBP)

16.02.2021

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the ascending tendency continues. Right now, EURUSD is testing the resistance area where it has formed several reversal patterns, including Engulfing. Possibly, the asset may continue moving upwards. In this case, the upside target may be at 1.2250. However, an alternative scenario implies that the price may correct to reach 1.2085 before testing 1.2250.

EURUSD
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, USDJPY has formed a Shooting Star reversal pattern while testing the resistance level. Judging by the previous movements, one may assume that the asset may reverse and start a new pullback. In this case, the correctional target is the support area at 105.05. At the same time, an opposite scenario implies that the price may continue its growth to reach 106.00 without reversing and correcting.

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

EURGBP, “Euro vs. Great Britain Pound”

As we can see in the H4 chart, after forming a Hammer reversal pattern not far from another support level, EURGBP may reverse and form a new pullback. In this case, the upside target is the resistance area at 0.8750. However, judging by previous movements, the pair may yet continue its decline to reach 0.8680 without correcting towards the resistance area.

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

rfxsignals February 16, 2021 No Comments

Ichimoku Cloud Analysis 16.02.2021 (GBPUSD, EURJPY, USDJPY)

Ichimoku Cloud Analysis 16.02.2021 (GBPUSD, EURJPY, USDJPY)

16.02.2021

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3934; 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 1.3870 and then resume moving upwards to reach 1.4045. Another signal in favor 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 1.3675. In this case, the pair may continue falling towards 1.3605.

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

EURJPY, “Euro vs Japanese Yen”

EURJPY is trading at 128.08; 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 127.55 and then resume moving upwards to reach 128.95. Another signal in favor 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 126.25. In this case, the pair may continue falling towards 125.25. To confirm further growth, the asset must break the rising channel’s upside border and fix above 128.55.

EURJPY
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 trading at 105.51; 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 105.15 and then resume moving upwards to reach 106.05. Another signal in favor 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 104.65. In this case, the pair may continue falling towards 103.85.

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

rfxsignals February 16, 2021 No Comments

The Pound is rising with confidence. Overview for 16.02.2021

The Pound is rising with confidence. Overview for 16.02.2021

16.02.2021

GBPUSD continues rising and updating its highs.

The British Pound continues growing against the USD on Tuesday. The current quote for the instrument is 1.3940.

The Pound is feeling pretty confident amid an aggressive vaccination against the COVID-19 in the United Kingdom: more than 15 million people are believed to have been already vaccinated. Weekly deliveries of the vaccines are expected to increase, thus giving hope to beat the pandemic quite soon. The coronavirus did a lot of damage to the British economy and the quarantine restrictions in the country were some of the toughest in Europe.

This week, the United Kingdom will pretty active in publishing the macroeconomic statistics. For example, on Wednesday there will be a lot of reports on prices for January, such as the CPI, PPI, RPI, and HPI. On Friday, the country is scheduled to publish the Retail Sales for January and the Consumer Confidence from GFK in February.

In general, market players are ready for controversial data but still quite sure that the vaccination procedure will take effect really soon. In this case, there might be an impressive rebound in the British economy in the second quarter od 2021.

rfxsignals February 16, 2021 No Comments

The Euro is looking stable. Overview for 16.02.2021

The Euro is looking stable. Overview for 16.02.2021

16.02.2021

EURUSD is slightly growing on Tuesday afternoon and looking quite confident.

The major currency pair remains positive on Tuesday. The current quote for the instrument is 1.2149.

At the same time, the statistics published by the Euro Area don’t put significant pressure on the pair but probably temporarily. The data revealed yesterday showed that the Industrial Production in the region dropped 1.6% m/m in December after adding 2.6% m/m the month before and against the expected reading of -0.4% m/m. On YoY, the indicator lost 0.8% against the expected reading of -0.3%.

By the way, it’s the first decline in the indicator over the previous three months. As for 2020, the Industrial Production in the Euro Area lost 8.7%.

The components of the report show that the capital goods lost 3.1% and the non-durable goods shrank by 0.6%. On the other hand, energy and intermediate goods rose by 1.4% and 1.0% respectively.

Cold winter and active lockdowns in major economies maintained the demand for energies, while needs for capital goods did go down. January and February readings might be pretty similar but the situation may dramatically change in March.

Later today, the Euro Area is scheduled to report on the GDP for the fourth quarter of 2020 and that may be very interesting. The indicator is expected to drop 0.7% q/q. As always, the stronger the reading, the better for the Euro.

rfxsignals February 16, 2021 No Comments

Fibonacci Retracements Analysis 16.02.2021 (EURUSD, USDJPY)

Fibonacci Retracements Analysis 16.02.2021 (EURUSD, USDJPY)

16.02.2021

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after completing the correction at 50.0% fibo, EURUSD has started a new rising wave; right now, it is consolidating and may later resume growing. On the other hand, the pair may yet form another descending wave to reach 61.8% fibo at 1.1888 but this scenario is rather unlikely. The key scenario implies a further growth towards the high at 1.2350 and then the long-term fractal high at 1.2555.

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

The H1 chart shows a sideways movement after a divergence on MACD – the asset is moving between 38.2% and 50.0% fibo. Later, the price may break the range to the upside and resume growing towards 61.8% and 76.0% fibo at 1.2198 and 1.2254 respectively. A breakout of the local low at 1.1952 will hint at a further downtrend.

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 finishing a deep pullback, USDJPY has formed another rising wave; right now, the pair is heading to reach 38.2% fibo at 106.07. After breaking it and forming a slight correction, the price may continue growing towards 50.0% fibo at 107.15. On the other hand, if the asset breaks the low at 102.59, the instrument may continue falling to reach the fractal low at 101.18.

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

The H1 chart shows that a convergence on MACD made the pair complete the correctional downtrend at 38.2% fibo. The asset may yet continue falling towards 50.0% fibo at 104.18 but this scenario is rather unlikely. The key idea implies that the instrument may break the high at 105.77, thus completing the correction, and continue growing to reach the long-term 38.2% fibo at 106.07.

USDJPY_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

rfxsignals February 15, 2021 No Comments

Forex Technical Analysis & Forecast 15.02.2021

Forex Technical Analysis & Forecast 15.02.2021

15.02.2021

EURUSD, “Euro vs US Dollar”

After finishing the correctional structure at 1.2082 and then returning to 1.2125, EURUSD continues consolidating. Possibly, today the pair may expand the range up to 1.2145 and then start another decline to reach 1.2121. Later, the market may form one more ascending structure with the target at 1.2155.

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 correctional structure at 1.3775, GBPUSD is moving upwards to reach 1.3812. After that, the instrument may resume falling with the target at 1.3770.

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

USDRUB, “US Dollar vs Russian Ruble”

After finishing the correction at 74.4 and rebounding from this level to the downside, USDRUB is still falling towards 72.50. After that, the instrument may break this level and then continue trading downwards with the target at 72.00.

USDRUB
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 above 104.84. Possibly, the pair may test this level from above and then resume growing to break 105.25. Later, the market may continue trading upwards with the target at 105.85.

USDJPY
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 around 0.8914. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 0.8955; if to the downside – resume trading downwards with the target at 0.8888.

USDCHF
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 growing towards 0.7799. Today, the pair may reach this level and then resume trading downwards with the target at 0.7679.

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

BRENT

After completing the ascending structure at 62.50 and then breaking it to the upside, Brent is expected to continue growing towards 64.90. After that, the instrument may break start a new correction with the target at 59.59.

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

XAUUSD, “Gold vs US Dollar”

Gold has finished the descending wave at 1813.00. Today, the metal may start another growth to reach 1833.60 and then form a new descending structure with the target at 1803.70.

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

BTCUSD, “Bitcoin vs US Dollar”

After completing another ascending wave at 49000.00, BTCUSD is forming a new descending structure towards 45100.00. After that, the instrument may correct to reach 47400.00 and then resume trading downwards with the short-term target at 41400.00.

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

S&P 500

After finishing the ascending wave at 3950.2, the S&P index is expected to consolidate there. Later, the market may break the range to the downside and start a new decline with the target at 3700.0.

S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

rfxsignals February 15, 2021 No Comments

Murrey Math Lines 15.02.2021 (EURUSD, GBPUSD)

Murrey Math Lines 15.02.2021 (EURUSD, GBPUSD)

15.02.2021

EURUSD, “Euro vs. US Dollar”

In the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading above it, thus indicating an ascending tendency. In this case, the price is expected to break 3/8 and then continue growing to reach the resistance at 4/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may continue falling towards the support at 1/8.

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

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue its growth.

EURUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is trading within the “overbought area”. In this case, the price is expected to rebound from +1/8 and then resume falling towards the support at 8/8. However, this scenario may no longer be valid if the price breaks +1/8 to the upside. After that, the instrument may continue growing and reach the resistance at +2/8.

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

In the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

rfxsignals February 15, 2021 No Comments

Japanese Candlesticks Analysis 15.02.2021 (USDCAD, AUDUSD, USDCHF)

Japanese Candlesticks Analysis 15.02.2021 (USDCAD, AUDUSD, USDCHF)

15.02.2021

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming an Engulfing reversal pattern not far from the resistance level, USDCAD is reversing and falling towards the support level. In this case, the downside target is at 1.2610. After that, the asset may continue forming the descending impulse. However, an alternative scenario implies a further pullback towards 1.2755 before the asset resumes the descending tendency.

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 uptrend continues. Right now, after forming several reversal patterns, such as Engulfing, not far from the support area, the pair may reverse and resume growing to reach the resistance level at 0.7830. At the same time, an opposite scenario says that the price may correct towards 0.7755 before resuming its growth.

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

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the downtrend continues. At the moment, after forming an Engulfing reversal pattern not far from the resistance area, USDCHF is reversing. The downside target is the support level at 0.8850. Still, there might be an alternative scenario, according to which the asset may return to 0.8960 before testing the support area.

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

rfxsignals February 15, 2021 No Comments

Ichimoku Cloud Analysis 15.02.2021 (EURUSD, USDCAD, NZDUSD)

Ichimoku Cloud Analysis 15.02.2021 (EURUSD, USDCAD, NZDUSD)

15.02.2021

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.2139; 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 1.2105 and then resume moving upwards to reach 1.2265. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.2015. In this case, the pair may continue falling towards 1.1935.

EURUSD
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 1.2663; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2700 and then resume moving downwards to reach 1.2545. Another signal in favor 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 1.2775. In this case, the pair may continue growing towards 1.2855.

USDCAD
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 0.7242; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.7205 and then resume moving upwards to reach 0.7295. Another signal in favor of a further uptrend will be a rebound from the support level. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 0.7185. In this case, the pair may continue falling towards 0.7095. To confirm further growth, the asset must break the resistance area and fix above 0.7255, thus implying a Head & Shoulders reversal pattern materialization with the target at 0.7315.

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