31.10.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after completing a short-term pullback, the pair continues its ascending tendency and has already broken 38.2% fibo. The next targets may be 50.0% and 61.8% fibo at 0.6983 and 0.7956 respectively. At the same time, one should pay attention to the divergence on MACD, which may indicate a reverse after the instrument reaches the closest targets.

In the H1 chart, after finishing a quick rising impulse, AUDUSD has entered the post-correctional extension area between 138.2% and 161.8% fibo at 0.6911 and 0.6929 respectively. in the short-term, the price4 may start a new pullback, which may later be followed by further growth towards mid-term targets. The support is at 0.6809.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has corrected the previous descending wave with a quick ascending impulse. After reaching 50.0% fibo, the pair is forming a pullback. Possibly, the next rising impulse may reach 61.8% and 76.0% fibo at 1.3230 and 1.3273 respectively. If the price breaks the support at 1.3042, the instrument may continue the bearish trend towards the long-term low at 1.3015.

In the H1 chart, the pair is forming a pullback towards 38.2% fibo after finishing a quick ascending movement.

30.10.2019

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, there was a divergence on MACD, which made GBPUSD complete the rising wave at 76.0% fibo at 1.3040 and start a new pullback. The support is at 1.2670. after completing the correction, the instrument may start another rising impulse to reach the previous high at 1.30450 and then the key one at 1.3381.

The H1 chart shows more detailed structure of the current descending correction after the divergence. The pair has already reached 23.6% fibo, but may yet continue falling towards 38.2% and 50.0% fibo at 1.2699 and 1.2604. at the same time, there is a short-term convergence, which is slowing down the current decline.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, there was a divergence on MACD, which made EURJPY finish the ascending wave at 76.0% fibo at 121.55 and start a new sideways movement. If the price breaks the resistance at 121.27 the pair may resume growing. The key target is the high at 123.36.

In the H1 chart, the pair has reached 23.6% fibo. In the future, the instrument may continue falling towards 38.2% and 50.0% fibo at 119.79 and 119.27 respectively.

29.10.2019

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after reaching 50.0% fibo, EURUSD is correcting to reach the local support, which is 23.6% fibo at 1.1005. After finishing this descending correction, the pair may start a new wave to the upside to reach 61.8% and 76.0% fibo at 1.1208 and 1.1248 respectively. however, one should pay attention to long-term 23.6% fibo at 1.1275. If the price reaches this level, the instrument may reverse the current long-term tendency..

The H1 chart shows the more detailed structure of the current descending correction tendency that started after the divergence. Right now, the pair is getting closer to 38.2% fibo at 1.1064, while the next downside target may be 50.0% fibo at 1.1029. At the same time, there is a convergence on MACD. The resistance is the high at 1.1179.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after completing the correction at 23.6% fibo and breaking the previous high, USDJPY is trying to fix above it to continue forming the rising tendency. The next upside targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 109.23 and 109.70 respectively; mid-term 61.8% fibo at 109.37 is also there. The key support is still at 106.48.

In the H1 chart, after breaking the high, the pair is slowing down. The target may be the downside border of the post-correctional extension area between 138.2% and 161.8% fibo at 109.23 and 109.70 respectively.

28.10.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after completing the correctional downtrend at 76.0% fibo at 1473.60, XAUUSD is forming a new rising impulse, which is trying to break the local high at 1519.57. If the price breaks the high near this level, the instrument may continue growing towards 76.0% fibo at 1533.08 and then the key high at 1557.00.

In the H1 chart, the pair is slightly correcting after attempting to test the high. Possibly, the pullback may continue to reach 50.0% fibo.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, after finishing the descending correction at 50.0% fibo, USDCHF is trading upwards; this movement may be considered as a new correction to the upside. However, if the price fixes above 76.0% fibo and then the local high at 0.9996, the instrument may continue growing towards the key high at 1.0028. The key support is the low at 0.9840.

In the H1 chart, after testing 76.0% fibo, the pair has been forced to reverse by the divergence on MACD, which indicates a new decline towards 23.6%, 38.2%, and 50.0% fibo at 0.9931, 0.9914, and 0.9900 respectively.

Below upward sloping trend line.  

The EURUSD has reached the 100 pip mark for the week. Yippee. The range is up to 103 pips and in the process reached the upward sloping trend line on the hourly chart at 1.1079.  

On more selling the lower, downward sloping trend line comes in 1.1065 (and moving lower).  That is also near swing levels (see red numbered circles), and the 61.8% retracement at the 1.10626-647 area.  

25.10.2019

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, the descending tendency continues. After completing the short-term correction, BTCUSD started a new descending impulse, which has almost reached 61.8% fibo at 7215.00. Later, the price may continue trading towards 76.0% fibo at 5700.00. However, the key mid-term target is the long-term low at 3121.90. The previous impulse has moved the resistance, which is currently at 50.0% fibo at 8500.00.

In the H1 chart, the pair is correcting sideways; right now, it is moving between the local low at 7302.00 and 23.6% fibo at 7550.00. In the future, the instrument may yet continue the correction towards 38.2% and 50.0% fibo at 7700.00 and 7825.00 respectively, but it’s highly unlikely.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, after finishing the correction, ETHUSD started a new decline, which has almost reached the low at 152.28. If the price breaks the low, the pair may continue trading towards 76.0% fibo at 148.60 and then the post-correctional extension area between 138.2% and 161.8% fibo at 135.30 and 124.40 respectively.

In the H1 chart, the instrument is correcting upwards and has already reached 38.2% fibo. The next upside target is 50.0% fibo at 165.56. the support is the local low at 153.00.

24.10.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made the pair start a new growth; by now, it has fixed above 23.6% fibo. In the nearest future, AUDUSD may start a new pullback and return to this level. After the pullback, the correctional uptrend may continue towards 38.2% and 50.0% fibo at 0.6909 and 0.6983 respectively. The key support is the fractal at 0.6670.

In the H1 chart, AUDUSD is correcting downwards after the divergence and has already reached 23.6% fibo. The next downside targets may be 38.2% and 50.0% fibo at 0.6821 and 0.6802 respectively.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the daily chart, USDCAD has been moving between 23.6% and 38.2% fibo for quite a long time; right now, the pair is again moving to test 38.2% fibo and the low at 1.3015, which means that the price is probably about to start a new descending impulse within the bearish trend. The next downside targets inside the post-correctional extension area between 138.2% and 161.8% fibo at 1.2877 and 1.2789 respectively. Moreover, mid-term 50.0% fibo at 1.2865 is also there.

The H4 chart shows more detailed structure of the current decline after the divergence. The closest downside target is the low at 1.3015.