Fibonacci Retracements Analysis 08.01.2020 (GBPUSD, EURJPY)

Fibonacci Retracements Analysis 08.01.2020 (GBPUSD, EURJPY)

08.01.2020

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the daily chart, there was a divergence on MACD, which made the pair reverse downwards after reaching 61.8% fibo. GBPUSD got very close to the support at 38.2% fibo (1.2883), but couldn’t test it. The current growth may be considered as a correction. However, taking into account a divergence on MACD, we may assume that the next descending impulse may break the support. Still, we shouldn’t exclude an opposite scenario: the instrument may start another rising wave towards 76.0% fibo at 1.3794.

GBPUSD_D1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H4 chart shows that the descending wave has corrected the previous uptrend by 38.2% fibo; the current growth may be considered as a correction, which has already reached 61.8% fibo and may continue towards 76.0% fibo at 1.3368 and the high at 1.3514. However, right now the price is falling to break the low at 1.2904. if it succeeds, the instrument may continue its mid-term decline towards 50.0% and 61.8% fibo at 1.2856 and 1.2700 respectively.

GBPUSD_H4
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 50.0% fibo. Right now, EURJPY is testing the mid-term local support. If the price breaks 38.2 fibo and fixes below it, the instrument will continue falling towards the low at 115.86. An alternative scenario implies that the price may rebound from the support and resume trading upwards to reach 61.8% and 76.0% fibo at 123.05 and 124.69 respectively.

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

The H4 chart shows more detailed structure of the current descending correction. The pair is getting close to 38.2% fibo at 120.06. The next downside targets may be 50.0% and 61.8% fibo at 119.25 and 118.46 respectively. The resistance is the high at 122.65.

EURJPY_H4

EURUSD was dropped. Overview for 08.01.2020

EURUSD was dropped. Overview for 08.01.2020

08.01.2020

On Wednesday afternoon, EURUSD continues the decline it started yesterday. The current quote for the instrument is 1.1150.

Investors like the USD right now and one of the reasons for that is good American numbers published yesterday. For example, the ISM Non-Manufacturing PMI increased up to 55.0 points in December after being 53.9 points the month before and against the expected reading of 54.5 points.

The components of the report show that the Business Activity improved from 51.6 points to 57.2 points, while two other items dropped a bit: the New Orders decreased from 57.1 points to 54.9 points and the Employment – from 55.5 points to 55.2 points.

However, broadly speaking the positive comes from changes in global tariffs. At the same time, market players didn’t pay any attention to the Factory Orders, which lost 0.7% m/m in November after adding 0.2% m/m in the previous month. Geopolitical pressure on the USD is getting weaker. After the Iranian major general Qasem Soleimani was killed in a targeted U.S. drone strike, the American market was very worrying about the escalation in the US-Iranian conflict, but right now the political intensity is reducing. However, it is important to remember that the current situation is as “fragile” as before: it didn’t have any continuations, but even theoretical scenario of what may happen are very frightening.

The Yen is correcting. Overview for 08.01.2020

The Yen is correcting. Overview for 08.01.2020

08.01.2020

On Wednesday afternoon, the Japanese Yen is correcting against the USD after a pretty volatile beginning of the month. The current quote for the instrument is 108.42.

Today’s numbers showed that the Consumer Confidence Index in Japan increased up to 39.1 points in December after being 38.7 points in the previous month. However, the indicator turned out to be worse than expected, 39.6 points, which is not good.

The Yen was in a great demand ahead of news of escalation in the US-Iranian conflict after the Iranian major general Qasem Soleimani was killed in a targeted U.S. drone strike. Still, the conflict it didn’t have any continuations and the current demand for “safe haven” assets, including the Yen, is going down. However, it is important to remember that the current situation is as “fragile” as before: even theoretical scenario of what may happen are very frightening, which means that the Japanese currency may yet get pretty much stronger against the USD.

Significant strengthening of the Yen may do some harm to the Japanese economy and make the Bank of Japan revise its monetary policy sooner than it is expected.

rfxsignals January 8, 2020 No Comments

DAILY FREE FOREX SIGNALS – 08-01-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

DAILY FREE FOREX SIGNALS – 08-01-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

 

GBPUSD SELL- 1.31042
SL-1.31481
TP1-1.30831
TP2-1.30638

USDCHF BUY -0.97231
SL-0.96850
TP1-0.97449
TP2-0.97683

EURCHF SELL-1.08131
SL-1.08535
TP1-1.07926
TP2-1.07745

EURUSD SELL-1.11248
SL-1.11668
TP1-1.10996
TP2-1.10742

USDCAD BUY -1.30149
SL-1.29668
TP1-1.30335
TP2-1.30545

EURAUD SELL-1.61809
SL-1.62506
TP1-1.61576
TP2-1.61348

GBPAUD SELL-1.90704
SL-1.91480
TP1-1.90439
TP2-1.90180

CADJPY BUY-83.590
SL-83.040
TP1-83.803
TP2-84.003
#mt4 #forex #forextrader #trading #forextrading #bitcoin #trader
#cryptocurrency #forexlifestyle #entrepreneur #crypto #forexsignal #investment #business
#binaryoption #passiveincome #daytrader #btc

rfxsignals January 7, 2020 No Comments

DAILY FREE FOREX SIGNALS – 07-01-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

DAILY FREE FOREX SIGNALS – 07-01-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

GBPCHF BUY -1.27929
SL-1.27183
TP1-1.28174
TP2-1.28440

AUDCAD SELL-0.89294
SL-0.90096
TP1-0.89037
TP2-0.88771

AUDJPY SELL-74.681
SL-75.252
TP1-74.454
TP2-74.214

CHFJPY SELL-111.641
SL-112.223
TP1-111.420
TP2-111.170

CADJPY SELL-83.482
SL-83.959
TP1-83.303
TP2-83.106

AUDCHF SELL-0.66799
SL-0.67406
TP1-0.66623
TP2-0.66407

RESULT FOR THE ABOVE SIGNALS :

 

Yesterday AUDCAD SELL SIGNAL reaches target 1 and we got 20 pips profit now 🙂

Yesterday AUDJPY SELL SIGNAL reaches target 2 and we got 45 pips profit now 🙂

Yesterday CHFJPY SELL SIGNAL reaches target 1 and we got 20 pips profit now 🙂

Yesterday CADJPY SELL SIGNAL reaches target 2 and we got 35 pips profit now 🙂

Yesterday AUDCHF SELL SIGNAL reaches target 2 and we got 38 pips profit now 🙂

Yesterday GBPUSD SELL SIGNAL reaches target 1 and we got 30 pips profit now 🙂

Yesterday USDCAD BUY SIGNAL reaches target 1 and we got 30 pips profit now 🙂

 

Fibonacci Retracements Analysis 31.12.2019 (EURUSD, USDJPY)

Fibonacci Retracements Analysis 31.12.2019 (EURUSD, USDJPY)

31.12.2019

EURUSD, “Euro vs US Dollar”

As we can see in the daily chart, after breaking the high, EURUSD is forming a new rising impulse inside the mid-term uptrend. The closest target is 23.6% fibo at 1.1275. If the price breaks this level, the pair may continue growing towards 38.2% and 50.0% % fibo at 1.1519 and 1.1716 respectively. The support is the low at 1.0879.

EURUSD_D1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H4 chart, the ascending impulse has reached 61.8% fibo. The next short-term upside target may be 76.0% fibo at 1.1284. At the same time, there is a divergence on MACD, which may indicate a new pullback towards the support at 38.2% fibo (1.1083).

EURUSD_H4
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 testing 109.73, USDJPY is trading downwards to reach the fractal low. If the price breaks it, the instrument may continue falling 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, the descending impulse is heading towards the fractal low at 108.46. The local resistance is 61.8% fibo at 108.94.

USDJPY_H1

rfxsignals January 3, 2020 No Comments

DAILY FREE FOREX SIGNALS – 03-01-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

DAILY FREE FOREX SIGNALS – 03-01-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

GBPCHF SELL-1.27183
SL-1.27956
TP1-1.26893
TP2-1.26597

EURGBP BUY -0.85217
SL-0.84695
TP1-0.85450
TP2-0.85726

GBPCAD SELL-1.69596
SL-1.71114
TP1-1.68992
TP2-1.68320

EURAUD BUY -1.60515
SL-1.59997
TP1-1.60756
TP2-1.61069

EURUSD SELL-1.11408
SL-1.12086
TP1-1.11105
TP2-1.10762

 

rfxsignals January 2, 2020 No Comments

DAILY FREE FOREX SIGNALS – 02-01-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

DAILY FREE FOREX SIGNALS – 02-01-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

AUDUSD SELL-0.69931
SL-0.70499
TP1-0.69730
TP2-0.69481

CADJPY SELL-83.691
SL-84.360
TP1-83.469
TP2-83.174

AUDCAD SELL-0.90837
SL-0.91677
TP1-0.90614
TP2-0.90375
TP3-0.90029

NZDUSD SELL-0.67172
SL-0.67641
TP1-0.66980
TP2-0.66792

AUDNZD BUY -1.04215
SL-1.03700
TP1-1.04471
TP2-1.04705
TP3-1.05090

EURAUD BUY -1.60179
SL-1.59691
TP1-1.60417
TP2-1.60689

EURJPY SELL-121.800
SL-122.173
TP1-121.597
TP2-121.323
TP3-120.840

EURNZD BUY-1.66875
SL-1.65866
TP1-1.67179
TP2-1.67533
TP3-1.67934

 

 

result

Yesterday AUDUSD SELL SIGNAL Reaches target 1 and given 18 pips profit now 🙂

Yesterday CADJPY SELL SIGNAL Reaches target 2 and given 50 pips profit now 🙂

Yesterday AUDCAD SELL SIGNAL Reaches target 1 and given 17 pips profit now 🙂

Yesterday NZDUSD SELL SIGNAL Reaches target 2 and given 38 pips profit now 🙂

Yesterday AUDNZD BUY SIGNAL Reaches target 1 and given 25 pips profit now 🙂

Yesterday EURAUD BUY SIGNAL Reaches target 1 and given 25 pips profit now 🙂

Yesterday EURJPY SELL SIGNAL Reaches target 3 and given 90 pips profit now 🙂

Yesterday EURNZD BUY SIGNAL Reaches target 2 and given 65 pips profit now 🙂

Yesterday GBPJPY SELL SIGNAL Reaches target 2 and given 55 pips profit now 🙂

Yesterday NZDJPY SELL SIGNAL Reaches target 2 and given 55 pips profit now 🙂

Ichimoku Cloud Analysis 31.12.2019 (AUDUSD, NZDUSD, USDCAD)

Ichimoku Cloud Analysis 31.12.2019 (AUDUSD, NZDUSD, USDCAD)

31.12.2019

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7003; 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 0.6990 and then resume moving upwards to reach 0.7055. 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 0.6940. In this case, the pair may continue falling towards 0.6870.

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 0.6729; 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 0.6705 and then resume moving upwards to reach 0.6785. 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 0.6655. In this case, the pair may continue falling towards 0.6580.

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 1.3049; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3070 and then resume moving downwards to reach 1.2975. 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 1.3110. In this case, the pair may continue growing towards 1.3190.

USDCAD

The Pound recovered and is ready to embrace a landmark year. Overview for 31.12.2019

The Pound recovered and is ready to embrace a landmark year. Overview for 31.12.2019

31.12.2019

GBPUSD reached stability at the end of the year but 2020 is anticipated to be as volatile as 2019.

By the end of 2019, the British Pound managed to pull itself out of a dive but the upcoming year is very unlikely to be easy for the British currency.

As early as at the beginning of January, the British Parliament will face a difficult task to ratify the agreement with the European Union. The Brexit deadline is January 31st, 2020 and if the exiting procedure fails to feature a somewhat proper trade agreement, the national currency will certainly suffer from stress.

The Bank of England is not expected to introduce any significant changes to its monetary policy in 2020, at least in the first six months. Most likely, the British regulator will continue watching the Brexit and talks with the European Union relating to the second phase of the exiting procedure.

The first BoE meeting is scheduled for January 31st, 2020. It’s not clear whether it is a coincidence or not, but looks pretty symbolical.

Moreover, in January the BoE Governor Mark Carney will be replaced by Andrew Bailey, the Chief Executive Officer of the Financial Conduct Authority. Basically, Bailey is not expected to significantly change the monetary policy of the British regulator, at least in winter. The future remains to be seen.

Everything that is going to have a significant influence on the British currency is the Brexit and the Brexit alone. In this light, macroeconomic reports to be published by the United Kingdom go on the back burner. So, if the exiting procedure goes off without a hitch, the Pound will remain standing.