rfxsignals December 10, 2019 No Comments

DAILY FREE FOREX SIGNALS – 10-12-2019 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

EURCAD SELL-1.46395
SL-1.46897
TP1-1.46246
TP2-1.46079

EURGBP SELL-0.84082
SL-0.84463
TP1-0.83930
TP2-0.83796

AUDNZD SELL-1.03981
SL-1.04263
TP1-1.03788
TP2-1.03624

EURNZD SELL-1.68531
SL-1.69175
TP1-1.68324
TP2-1.68104

NZDUSD BUY -0.65652
SL-0.65194
TP1-0.65891
TP2-0.66110

AUDCHF SELL-0.67383
SL-0.67773
TP1-0.67228
TP2-0.67082

CADCHF SELL-0.74616
SL-0.74973
TP1-0.74457
TP2-0.74299

GBPAUD BUY -1.92839
SL-1.92335
TP1-1.93056
TP2-1.93353

CADJPY SELL-82.066
SL-82.451
TP1-81.899
TP2-81.675

USDJPY SELL-108.589
SL-108.889
TP1-108.505
TP2-108.393

USDCHF SELL-0.98724
SL-0.99113
TP1-0.98564
TP2-0.98366

Murrey Math Lines 09.12.2019 (EURUSD, GBPUSD)

Murrey Math Lines 09.12.2019 (EURUSD, GBPUSD)

09.12.2019

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is moving below 3/8. In this case, the price is expected to test 3/8, rebound from it, and then resume trading downwards to reach the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.

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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

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 moving close to the resistance at 8/8. In this case, the price is expected to rebound from 8/8 and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks 8/8. After that, the instrument is expected to continue growing towards 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 pair 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

Fibonacci Retracements Analysis 09.12.2019 (GOLD, USDCHF) 09.12.2019

Fibonacci Retracements Analysis 09.12.2019 (GOLD, USDCHF)

09.12.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after finishing the descending wave at 38.2% fibo, XAUUSD is correcting. The first correctional wave reached 23.6% fibo, while the second one tried to reach 38.2% fibo at 1488.16, but failed and the pair fell instead. The next wave may break the above-mentioned level and then continue growing towards 50.0% and 61.8% fibo at 1501.30 and 1514.30 respectively. After completing the correctional uptrend, the instrument may break the local low at 1445.60 and continue falling towards its mid-term target, which is 50.0% fibo at 1413.85.

GOLD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the divergence made the pair start a new descending correctional wave, which has reached 76.0% fibo, thus indicating a new wave to the upside to reach the local high at 1486.05.

GOLD_H1
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 divergence made the pair stop growing at the mid-term high at start a new descending wave, which has almost reached 50.0% fibo. After breaking this level and fixing below it, the price may continue falling towards 61.8% and 76.0% fibo at 0.9800 and 0.9748 respectively.

USDCHF_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, after finishing a quick descending wave, USDCHF is correcting and has almost reached 38.2% fibo at 0.9919. The next correctional targets may be 50.0% and 61.8% fibo at 0.9939 and 0.9959 respectively. The support is the low at 0.9855.

USDCHF_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Japanese Candlesticks Analysis 09.12.2019 (GOLD, NZDUSD) 09.12.2019

Japanese Candlesticks Analysis 09.12.2019 (GOLD, NZDUSD)

09.12.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After completing several reversal patterns, including Inverted Hammer, close to the channel’s downside, XAUUSD is trying to reverse. In this case, the upside target may be at 1481.00. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1455.50.

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 Hanging Man, near the channel’s upside border, NZDUSD is trying to reverse. Later, the market may start a new decline to reach the support level at 0.6475. At the same time, one shouldn’t exclude an opposite scenario, according to which the instrument may grow towards 0.6596 and break the channel’s upside border.

NZDUSD

rfxsignals December 9, 2019 No Comments

The Euro remains under pressure. Overview for 09.12.2019

The Euro remains under pressure. Overview for 09.12.2019
09.12.2019
The major currency pair surrendered last Friday because of the American statistics; right now, it is still under pressure.

On Monday afternoon, EURUSD is balancing under zero gravity, but bears seem to be pretty strong. The current quote for the instrument is 1.1064.

The numbers of the US labor market published last Friday provided as much support to the USD as possible. The Unemployment Rate hit the 50-year low at 3.5% in November after being 3.6% the month before, although the indicator wasn’t expected to change. Another report, the Non-Farm Employment Change showed 266K over the same period of time after being 156K in October. The forecast was 181K, but the actual reading exceeded expectations.

The report on the Average Hourly Earnings, which showed +0.2% m/m (worse than both previous and expected readings) couldn’t spoil the mood.

Overall, the numbers on the US labor market afforded market players a long-awaited ground for making a pause among the flow of negative news.
One more thing to support the American currency was the preliminary report on the University of Michigan Consumer Sentiment, which increased up to 99.2 points in December (better than expected) after being 96.8 points in the previous month. The Current Conditions improved up to 115.2 points, thus indicating the growing optimism of those surveyed in relation to their financial status.

Ichimoku Cloud Analysis 26.11.2019 (AUDUSD, NZDUSD, USDCAD)

Ichimoku Cloud Analysis 26.11.2019 (AUDUSD, NZDUSD, USDCAD)

26.11.2019

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6780; 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 0.6790 and then resume moving downwards to reach 0.6670. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6845. In this case, the pair may continue growing towards 0.6935.

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 0.6420; 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 0.6385 and then resume moving upwards to reach 0.6535. 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 0.6345. In this case, the pair may continue falling towards 0.6265.

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 1.3309; 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 1.3275 and then resume moving upwards to reach 1.3445. 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 1.3215. In this case, the pair may continue falling towards 1.3130.

USDCAD

Forex Technical Analysis & Forecast 25.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 25.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

25.11.2019

EURUSD, “Euro vs US Dollar”

EURUSD has reached the short-term target of another descending impulse at 1.1015; right now, it is consolidating around 1.1020. Possibly, today the pair may extend the structure towards 1.1012 and then start a new correction to reach 1.1030, at least. After that, the instrument may resume trading downwards with the predicted target at 1.0933.

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 continues forming the second descending impulse. Today, the pair may reach 1.2783 and then start another correction towards 1.2855, at least. Later, the market may form a new descending structure with the target at 1.2750.

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 has reached the short-term upside target at 0.9975; right now, it is consolidating above 0.9968. possibly, the pair may break this level to the downside and start a new correction towards 0.955, at least. After that, the instrument may resume growing with the target at 0.9995.

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 has broken 108.69 upwards. Possibly, the pair may choose an alternative scenario and continue the correction towards 108.93. According to the main scenario, the price is expected to continue trading inside the downtrend to reach 107.04.

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 consolidating around 0.6797 without any particular direction. The main scenario implies that the price may continue trading inside the downtrend with the target at 0.6773.

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 consolidating around 63.73. Possibly, the pair may form one more ascending structure to reach 63.88. Later, the market may resume trading inside the downtrend with the target at 63.11.

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 ascending impulse towards 1.3297. Today, the pair may consolidate around this level. If later the price breaks this range to the downside at 1.3270, the market may resume falling towards 1.3220; if to the upside at 1.3303 – form one more ascending structure with the target at 1.3343.

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 completed the descending impulse at 1459.60. Possibly, today the pair may consolidate around 1463.00. After that, the instrument may break 1459.50 and continue trading inside the downtrend with the target at 1444.00.

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

BRENT

Brent has finished the correction towards 63.00; right now, it is still trading upwards to reach 63.66. Later, the market may break this level and continue growing with the first target at 65.50.

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

BTCUSD, “Bitcoin vs US Dollar”

After failing to form a new ascending impulse from 7500.00, BTCUSD has broken 7350.00 to the downside to continue the downtrend with the target at 6400.00. Today, the pair may reach 6464.00 and then form one more ascending structure towards 6888.00. Later, the market may resume trading downwards to reach the above-mentioned target.

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

Fibonacci Retracements Analysis 21.11.2019 (AUDUSD, USDCAD)

Fibonacci Retracements Analysis 21.11.2019 (AUDUSD, USDCAD)

21.11.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after completing the descending wave, AUDUSD is correcting towards 61.8%. In the future, the price is expected to finish the pullback and resume falling to reaсh 76.0% fibo at 0.6732. However, the key downside target is the fractal low at 0.6670.

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

The H1 chart shows more detailed structure of the current correctional uptrend, which has already reached 38.2% fibo. Despite the local decline towards the low at 0.6769, the pair may yet form a new ascending impulse to reach 50.0% fibo at 0.6849.

AUDUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD continues forming the ascending tendency towards fractal highs at 1.3346 and 1.3386. After breaking 76.0% fibo at 1.3274, the pair has formed a local support there. At the same time, while the pair is moving towards the highs, there is a divergence on MACD, which may indicate a possible pullback soon.

USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is starting a new correction to the downside with the targets at 23.6%, 38.2%, and 50.0% fibo at 1.3295, 1.3275, and 1.3259 respectively.

USDCAD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

rfxsignals November 21, 2019 No Comments

The USD did want to grow, but failed nevertheless. Overview for 21.11.2019

21.11.2019

On Thursday, the major currency pair is consolidating after a pretty volatile trading session yesterday.

EURUSD got into the turbulence zone yesterday, but investors calmed down quite quickly. The current quote for the instrument is 1.1070.

Investors’ attention is still focused on US-China trade talks. The talks were put on hold, which makes market players very nervous. To get things even more complicated, the US Senate passed a bill that implies annual confirmation of the Hongkong autonomy. Beijing already stated that it would brook no interference into the country’s internal affairs from any third parties, and this story might complicate further trade negotiations. It may well be that the agreement won’t be signed until the end of this year, thus increasing investors’ demand for “safe haven” assets.

The FOMC Meeting Minutes published yesterday says that there is no need to continue cutting the rate unless the country’s economy gest much worse. The regulator said it believed that the external uncertainty got a bit lower and called the previous rate cut insurance against economic slowdown.

Today, the macroeconomic calendar offers the Existing Home Sales report for October, which is expected to show 5.49M after 5.38M the month before. Improvement in this component may provide support to the USD.