Murrey Math Lines 31.12.2019 (AUDUSD, NZDUSD)

Murrey Math Lines 31.12.2019 (AUDUSD, NZDUSD)

31.12.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is moving at near 3/8. In this case, the pair is expected to test this level, rebound from it, and then resume falling towards the support at 1/8. However, this scenario may no longer be valid if the price rebounds from 3/8 to the upside. After that, the instrument may continue growing to reach the resistance at 4/8.

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”

As we can see in the H4 chart, NZDUSD is moving above 5/8. According to the main scenario, the pair is expected to continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 downwards. After that, the instrument may start a new decline towards the support at 3/8.

NZDUSD_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 upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

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

Japanese Candlesticks Analysis 26.12.2019 (EURUSD, USDJPY)

Japanese Candlesticks Analysis 26.12.2019 (EURUSD, USDJPY)

26.12.2019

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the ascending channel continues. By now, EURUSD has formed Harami reversal pattern close to the channel’s downside border. We may assume that later the price may reverse and get back to 1.1155 to continue the ascending tendency. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.1055.

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, the pair continues trading in the middle of the rising channel. After completing Hanging Man pattern, the price has reversed. Today’s trading session opened with a gap. Later, USDJPY may form another correction and then resume growing towards 109.90. At the same time, the pair may choose another scenario and start a new decline to reach 108.88.

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

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

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 23.12.2019 (EURUSD, USDJPY)

Japanese Candlesticks Analysis 23.12.2019 (EURUSD, USDJPY)

23.12.2019

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the ascending channel continues. Aby now, EURUSD has formed Harami reversal pattern close to the channel’s downside border. We may assume that later the price may test the support level and get back to 1.1155 to continue the ascending tendency. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.1055.

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, the pair continues trading in the middle of the rising channel. It has completed Hanging Man pattern and right now is reversing. Later USDJPY may resume falling towards 108.88 to test the downside border. At the same time, the pair may choose another scenario and start a new growth to reach 109.06.

USDJPY

Fibonacci Retracements Analysis 20.12.2019 (BITCOIN, ETHEREUM)

Fibonacci Retracements Analysis 20.12.2019 (BITCOIN, ETHEREUM)

20.12.2019

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, the descending tendency continues. After updating the local low, BTCUSD has returned to 61.8% fibo. Considering the convergence on MACD, this movement may be described as a short-term correction. The resistance is 50.0% fibo at 8490.00. After completing the correction, the pair may resume falling towards the target at 76.0% (5700.00). The key mid-term downside target is the low at 3121.90.

BTCUSD
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 local correction. By now, the pair has managed to reach 23.6% fibo; at the moment, the price is trading close to this level. The next rising impulse may later continue towards 38.2% and 50.0% fibo at 7995.00 and 8480.00 respectively. If the price breaks the local support at 6430.30, the correction will be over.

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

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the daily chart, the downtrend has broken 76.0% fibo; right now, ETHUSD is heading towards this year’s low at 80.86 and must break a psychologically-crucial of 100.00 on its way. The resistance is 61.8% fibo at 189.00.

ETHUSD_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 correction, which is getting close to 100.00. At the same time, there is a convergence on MACD, which may indicate a new pullback soon.

ETHEREUM_H4

Forex Technical Analysis & Forecast 19.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 19.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

19.12.2019

EURUSD, “Euro vs US Dollar”

After completing the descending structure towards 1.1109 and returning to 1.1133, EURUSD is moving to test the latter level from below. According to the main scenario, the price is expected to form a new descending structure to reach 1.1100 and then resume trading upwards with the target at 1.1148.

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 is consolidating around 1.3083. Today, the pair may fall towards 1.3041 and then start a new correction with the target at 1.3300.

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 rebounded from 0.9819 downwards; right now, it is falling to reach 0.9785. After that, the instrument may resume the uptrend with the first target at 0.9833.

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 109.45 without any particular direction. Today, the pair may expand the range towards 109.70 and then start another decline to reach 109.13. Later, the market may form one more ascending structure with the target at 109.45.

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

AUDUSD, “Australian Dollar vs US Dollar”

After forming the consolidation range below 0.6857, AUDUSD has broken it downwards. Possibly, today the pair may test this level from above and then resume moving upwards with the first target at 0.6895.

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 62.60 without any particular direction. Possibly, today the pair may fall towards 62.25 and then start another growth to return to 62.45. Later, the market may continue trading inside the downtrend with the target at 62.02.

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 failed to fix above 1.3160; right n ow, it is moving downwards. Possibly, the pair may reach 1.3087 and then form one more ascending structure with the target at 1.3130. After that, the instrument may resume falling towards 1.3073.

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

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1476.16 without any particular direction. The main scenario implies that the price may expand the range towards 1481.26 and then form a new descending structure with the target at 1469.15.

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

BRENT

Brent is consolidating around 66.12. Possibly, today the pair may form a new ascending wave towards 67.07. After that, the instrument may start another decline to return to 66.12 and then continue the uptrend with the target at 68.50.

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

BTCUSD, “Bitcoin vs US Dollar”

After finishing the descending wave at 6404.00, BTCUSD has completed the ascending impulse towards 7400.00; right now, it is correcting. Possibly, the pair may form Flat pattern to reach 6800.00, at least. The first downside target is at 7033.00.

BITCOIN

Murrey Math Lines 16.12.2019 (EURUSD, GBPUSD)

Murrey Math Lines 16.12.2019 (EURUSD, GBPUSD)

16.12.2019

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is consolidating. In this case, the price is expected to test 5/8, rebound from it, and then resume trading downwards to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue growing towards the resistance at 6/8.

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 between 5/8 and 6/8. In this case, the price is expected to test 6/8, rebound from it, and then resume falling towards the support at 4/8. However, this scenario may no longer be valid if the price breaks 6/8. After that, the instrument is expected to continue growing to reach the resistance at 7/8.

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 to reach 4/8 from the H4 chart.

GBPUSD_M15

Murrey Math Lines 12.12.2019 (USDCHF, GOLD)

Murrey Math Lines 12.12.2019 (USDCHF, GOLD)

12.12.2019

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is moving below 3/8. In this case, the price is expected to continue falling to reach the support at 0/8. 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.

USDCHF_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 trading downwards.

USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is moving above 5/8. In this case, the price may break 7/8 and continue trading upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8 to the downside. After that, the instrument may continue falling towards the support at 5/8.

GOLD_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 the ascending tendency.

GOLD_M15

The USD was crashed by the Fed’s stance. Overview for 12.12.2019

The USD was crashed by the Fed’s stance. Overview for 12.12.2019

12.12.2019

The major currency pair reached its five weeks highs influenced by the Fed’s comments after the December meeting.

On Thursday morning, EURUSD is trading close to its five weeks highs. The current quote for the instrument is 1.1138.

The US Fed December meeting, which was over yesterday, offered investors nothing new. The interest rate remained at 1.50-1.75%, the same as expected. However, the comments that followed surprised market players.

The regulator said that the current monetary policy was appropriate and in compliance with its economic purposes. The Fed continues monitoring home affairs and inflation pressure, which is quite reserved. It means that the interest rate wouldn’t be cut unless the regulator witnesses some serious changes in the country’s economy.

It was a pretty unpleasant surprise for the USD because market players were sure that the American economy was strong enough for the rate increase in the nearest future.

The revised forecast from the Fed was a bit worse. For example, inflation is expected to be 1.4-1.5% at the end of 2019 against the previous estimate of 1.5-1.6%.

Later today, investors’ attention will switch to the ECB meeting.