Ichimoku Cloud Analysis 15.01.2020 (AUDUSD, NZDUSD, USDCAD)

Ichimoku Cloud Analysis 15.01.2020 (AUDUSD, NZDUSD, USDCAD)

15.01.2020

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6896; 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 0.6905 and then resume moving downwards to reach 0.6795. 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 0.6955. In this case, the pair may continue growing towards 0.7035. After breaking the rising channel’s downside border and fixing below 0.6860, the price may continue moving downwards.

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 0.6613; 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 0.6630 and then resume moving downwards to reach 0.6515. 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 0.6705. In this case, the pair may continue growing towards 0.6785.

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 1.3056; 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 1.3040 and then resume moving upwards to reach 1.3165. 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 1.2965. In this case, the pair may continue falling towards 1.2895. After breaking Triangle’s upside border and fixing above 1.3085, the price may continue moving upwards.

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

Japanese Candlesticks Analysis 15.01.2020 (EURUSD, USDJPY)

Japanese Candlesticks Analysis 15.01.2020 (EURUSD, USDJPY)

15.01.2020

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the ascending channel continues. By now, EURUSD has formed several reversal candlestick patterns, including Hammer and Long-Legged Doji, close to the channel’s downside border. We may assume that later the price may reverse and get back to 1.1180 to continue the ascending tendency. However, one shouldn’t exclude a possibility that the price may resume falling towards 1.1095.

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 is moving inside the rising channel again. it has already formed several reversal patterns, such as Shooting Star, and right now is testing the resistance level. The current situation implies that the pair may rebound and reach 109.45. At the same time, the pair may choose another scenario, according to which it is expected to break the channel’s upside border, update its highs, and test 110.50.

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

Murrey Math Lines 15.01.2020 (USDJPY, USDCAD)

Murrey Math Lines 15.01.2020 (USDJPY, USDCAD)

15.01.2020

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is moving above 5/8. In this case, the price is expected to test this level, rebound from it, and then resume growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may start a new decline towards the support at 3/8.

USDJPY_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 trading upwards.

USDJPY_M15
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 is moving below 3/8. In this case, the pair may test this level, rebound from it, and then resume falling to reach the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may continue growing towards the resistance at 4/8.

USDCAD_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 moving downwards to reach 1/8 from the H4 chart.

USDCAD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Forex Technical Analysis & Forecast 15.01.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 15.01.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

15.01.2020

EURUSD, “Euro vs US Dollar”

After breaking the consolidation range to the downside, EURUSD has completed the correction at 1.1104; right now, it is forming one more ascending wave towards 1.1114. Later, the market may start a new correction to reach 1.1123 and then resume moving upwards with the target at 1.1155.

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 moving upwards with the target at 1.3041. After that, the instrument may form a new descending structure to reach the short-term target at 1.2901.

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 above 0.9666. Possibly, today the pair may reach 0.9660 and then form one more ascending structure with the target at 0.9690.

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 forming the second descending impulse. Possibly, the pair may reach 109.56 and then start another growth towards 109.83. Later, the market may form a new descending structure with the target at 109.46.

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 consolidating around 0.6900 without any particular direction. Today, the pair may expand the range down to 0.6884 and then resume trading upwards with the target at 0.6929.

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 still consolidating around 61.12. Today, the pair may expand the range down to 60.70 and then start another correction to reach 61.06. Later, the market may continue trading inside the downtrend towards 60.06.

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 continues consolidating around 1.3055 without any particular direction. Possibly, today the pair may form one more ascending structure towards 1.3080 and then resume falling to test 1.3055 from above. After that, the instrument may start a new growth with the target at 1.3100.

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

XAUUSD, “Gold vs US Dollar”

After breaking 1546.80 to the upside, Gold may choose an alternative scenario and extend the correction towards 1557.50. After that, the instrument may fall to break 1540.90 and then continue trading inside the downtrend with the target at 1524.50.

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

BRENT

Brent has completed the ascending impulse at 65.33 along with the correction towards 64.55. Possibly, today the pair may form one more ascending structure to reach 66.16 and then start a new correction to return to 65.33. After that, the instrument may resume trading inside the uptrend with the first target at 66.66.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is moving downwards to reach 8444.00. Possibly, the pair may reach this level and then form one more ascending structure towards 8660.00, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may start another growth to reach 8960.00; it to the downside – continue the correction with the target at 7900.00.

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

Fibonacci Retracements Analysis 15.01.2020 (GBPUSD, EURJPY)

Fibonacci Retracements Analysis 15.01.2020 (GBPUSD, EURJPY)

15.01.2020

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after completing the correctional uptrend at 61.8% fibo, GBPUSD is moving downwards. The closest downside target is the low at 1.2904. If later the price breaks this level, the instrument may start a proper descending wave towards 50.0% and 61.8% fibo at 1.2855 and 1.2700 respectively.

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

The H1 chart shows the convergence on MACD. As a result, right now the pair is starting a new short-term ascending correction towards 23.6% fibo. The next upside targets may be 38.2% and 50.0% fibo at 1.3052 and 1.3083 respectively.

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, after testing the support at 38.2% fibo and failing to fix there, EURJPY has updated the high. In the future, the instrument may continue 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 H1 chart shows that the divergence made the pair start a new correction to the downside. The targets may be 23.6%, 38.2%, and 50.0% fibo at 122.15, 121.77, and 121.46 respectively. If the price breaks the resistance at 122.76, the mid-term growth will continue.

EURJPY_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The Yen plummeted to eight months lows. Overview for 15.01.2020

The Yen plummeted to eight months lows. Overview for 15.01.2020

15.01.2020

USDJPY updated its multiweek highs due to investors’ reduced interest in “safe haven” assets.

The Japanese Yen reached stability against the USD on Wednesday after plunging to its eight months lows the day before. The current quote for the instrument is 109.92.

Right now, when market players are eagerly waiting for coveted information relating to the signing of the first phase of the US-China trade agreement, demand for the “safe haven” Yen went down significantly.

This morning, the BoJ Governor Kuroda spoke and said that despite the slowdown in some Exports parameters and drawdown in business sentiment the Japanese economy was expanding slowly but steadily. According to the BoJ expectations, the country’s economy will continue growing gradually, although it should be noted that problems in global economies had a serious impact on it.

Officially, the CPI is anticipated to change by approximately 0.5% but may improve up to 2.0% due to a positive difference between production volume and expansion of inflation expectations. Right now, the indicator is pressured by oil prices decline.

The Bank of Japan emphasized once again that it would expand the money base until the inflation reached 2.0%.

Ichimoku Cloud Analysis 10.01.2020 (AUDUSD, NZDUSD, USDCAD)

Ichimoku Cloud Analysis 10.01.2020 (AUDUSD, NZDUSD, USDCAD)

10.01.2020

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6878; 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 0.6925 and then resume moving downwards to reach 0.6745. 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 0.6975. In this case, the pair may continue growing towards 0.7055. After breaking the support area and fixing below 0.6825, the price may continue moving downwards and complete Head & Shoulders reversal pattern.

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 0.6620; 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 0.6650 and then resume moving downwards to reach 0.6505. Another signal to confirm further descending movement is the price’s rebounding from the trend line. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6715. In this case, the pair may continue growing towards 0.6805.

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 1.3060; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3035 and then resume moving upwards to reach 1.3195. 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 1.2955. In this case, the pair may continue falling towards 1.2875.

USDCAD

Forex Technical Analysis & Forecast 10.01.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 10.01.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

10.01.2020

EURUSD, “Euro vs US Dollar”

EURUSD is still moving downwards; it has formed another consolidation range around 1.1107. Today, the pair may form a new descending structure towards 1.1090 to complete the correctional wave. If the price breaks 1.1111, the instrument may resume moving upwards with the first target at 1.1200.

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 reached the target of the descending structure at 1.3050, which may be considered as the first half of the third wave. Possibly, today the pair may consolidate around this level and then expand the range down to 1.3000. Later, the market may resume falling with the short-term target at 1.2888.

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 formed another consolidation range around 0.9718. Possibly, today the pair may grow towards 0.9770. After that, the instrument may start a new decline to reach 0.9717 and then form one more ascending structure with the target at 0.9790.

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 growing with the target at 109.75. Today, the pair may reach 109.70. Later, the market may form a new descending structure towards 109.50 and then resume moving upwards to reach the above-mentioned target and complete this ascending wave. After that, the instrument may start another decline with the first target at 107.85.

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 consolidating above 0.6850 without any particular direction. Possibly, the pair may form one more ascending structure towards 0.6898 and then resume moving downwards to reach 0.6872. continue growing with the target at 0.6945. After that, the instrument may start another growth to break 0.6898 and then continue trading inside the uptrend with the first target at 0.6945.

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 falling towards 61.00; it has already reached the short-term target at 61.12. The main scenario implies that the price may test 61.50 from below and then resume trading inside the downtrend to reach 61.00.

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 continues growing towards 1.3131. Later, the market may start another decline to reach 1.3040 and then form one more ascending structure with the target at 1.3150.

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 moving downwards. After expanding the consolidation range down to 1540.00 and forming the ascending impulse towards 1556.40 along with the correction at 1547.30, Gold has defined the borders of a new consolidation range. If later the price breaks this range to the upside at 1558.00, the market may resume moving upwards to reach 1568.20; if to the downside at 1540.00 – start a new decline with the target at 1516.00.

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

BRENT

Brent is consolidating around 65.95 and may resume growing. If later the price breaks this range to the upside at 66.60, the market may resume moving upwards with the first target at 68.55; if to the downside at 64.90 – extend the correction and form a new descending structure to reach 63.30.

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 reached its short-term downside target at 7750.00. Possibly, today the pair may start a new growth to reach 8050.00 and then resume falling towards 7700.00 to finish the correction. Later, the market may form one more ascending structure with the target at 8600.00.

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

The Euro remains under pressure. Overview for 10.01.2020

The Euro remains under pressure. Overview for 10.01.2020

10.01.2020

On Friday, the major currency pair continues trading “in the red”, but bears aren’t as active as they used to be.

EURUSD is trying to reach stability on Friday morning, but there are still more bears than bulls in the instrument. The current quote for the pair is 1.1108.

The USA is scheduled to report on its labor market this week. On Wednesday, the country published the ADP Non-Farm Employment Change, which showed 202K in December after being 124K in November and against the expected reading of 140K.

Yesterday, the USA published the weekly Unemployment Claims report, which was 214K after being 223K the week before. It’s quite good, although the readings are inside the reference values.

Later today, investors will be surely interested in the Non-Farm Employment Change, which is expected to show 266K in December after being 162K in the previous month. Another report, the Average Hourly Earnings, is anticipated to show +0.2% m/m in December after expanding by 0.3%m/m in November. Marker expectations relating to the Unemployment Rate are 3.5%.

The stronger the labor market numbers, the better for the American currency.

Fibonacci Retracements Analysis 10.01.2020 (BITCOIN, ETHEREUM)

Fibonacci Retracements Analysis 10.01.2020 (BITCOIN, ETHEREUM)

10.01.2020

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, BTCUSD has finished the correctional uptrend at the long-term resistance, which is 50.0% fibo at 8500.00. However, we shouldn’t exclude further growth towards 61.8% at 8958.00, but only after a short-term decline, because “Golden Cross” on MACD has been formed very recently. Still, the main scenario implies that the instrument is expected to start a new descending wave to reach the low at 6430.30 and then mid-term 76.0% fibo at 5700.00.

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

In the H4 chart, the pair is correcting towards the local support, which is 23.6% fibo at 7395.00. If the price rebounds, it may start a new impulse to reach 61.8% fibo at 8958.00. Later, BTCUSD may break this level and fix below it. In this case, the instrument may continue falling to attack the low.

BTCUSD_H4
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 correctional uptrend has stopped at 38.2% fibo. According to the main scenario, the price is expected to fall and reach the low at 116.06, but the next rising wave may head towards 50.0% and 61.8% fibo at 157.57 and 167.40 respectively.

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

The H4 chart shows that after reaching 38.2% fibo, the price has started a new decline. MACD indicates further growth after a short-term decline.

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