Forex Technical Analysis & Forecast 18.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 18.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

18.12.2019

EURUSD, “Euro vs US Dollar”

After completing the ascending structure towards 1.1170 and returning to 1.1140, EURUSD is still moving downwards to reach 1.1123. Possibly, today the pair may test 1.1140 from below and then resume falling with the target at 1.1100.

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”

After forming a downside continuation pattern and breaking 1.3300, GBPUSD has reached 1.3074. Today, the pair may recover by growing towards 1.3180. If later the price breaks this level to the upside, the market may continue moving upwards 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 broken 0.9817 downwards. Possibly, today the pair may test this level from below and then form a new descending structure towards 0.9790. After that, the instrument may resume the uptrend with the first target at 0.9890.

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. Today, the pair may fall towards 109.13 and then start a new growth to return to 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”

AUDUSD has reached 0.6865; right now, it is consolidating around this level. If later the price breaks this range to the upside at 0.6860, the market may resume moving upwards with the target at 0.6890; if to the downside at 0.6835 – start a new decline towards 0.6810.

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 62.45. 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 is consolidating around 1.3160. Today, the pair may expand the range towards 1.3175. Later, the market may start another decline to return to 1.3160 and then form one more ascending structure with the target at 1.3199.

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 consolidating around 1476.16 without any particular direction. The main scenario implies that the price may expand the range towards 1481.26 and then resume moving downwards with the target at 1465.05.

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

BRENT

Brent has completed the ascending wave at 66.30; right now, it is correcting downwards to reach 65.55. After that, the instrument may continue the uptrend towards 67.07.

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 6840.00, BTCUSD has formed another consolidation range. Possibly, the pair may break this range to the downside and continue trading inside the downtrend with the target at 6500.00. Today, the price is expected to reach the target and then resume moving upwards to test 6840.00 from below.

BITCOIN

They continue selling the Australian Dollar. Overview for 18.12.2019

They continue selling the Australian Dollar. Overview for 18.12.2019

18.12.2019

On Wednesday morning, AUDUSD is still retreating; investors are in favor of the American currency.

The Australian Dollar is falling against the USD in the middle of the week. The current quote for the instrument is 0.6844.

Yesterday, the Reserve Bank of Australia released its December Meeting Minutes. Policymakers came up with an opinion that it would be reasonable to review their economic outlook as early as during the regulator’s meeting in February 2020. The RBA has opportunities to use the necessary tools to give a boost to the country’s economy in case the labor market parameters get worse, but there is no need to do it so far. Apparently, this refers to the interest rate revision. According to the regulator, one should expect an extended period of low interest rates due to both global and domestic factors.

The RBA is a bit concerned about the slow growth rate of household incomes. However, if we take a look at rather cautious numbers in employment, we can see that there is no stress here, it’s just a low-key tendency.

As for the economic outlook, consumers remain very careful and cautious: economic issues are covered in the media in a quite “gloomy” way. However, people’s attitude to their own finance is pretty smooth, and that’s a good thing.

Overall, everything that was in the report was quite expected, because the key thing is that the RBA is ready to cut the rate if necessary. Probably, the conditions for that may appear at the end of the first quarter of 2020.

Fibonacci Retracements Analysis 18.12.2019 (GBPUSD, EURJPY)

Fibonacci Retracements Analysis 18.12.2019 (GBPUSD, EURJPY)

18.12.2019

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, there was a gap on the price chart and a divergence on MACD, after which the pair reached 61.8% fibo. We can see that GBPUSD has already eliminated the gap and right now is correcting to the downside. After completing the pullback, the instrument may start another rising wave towards 76.0% fibo at 1.3794.

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

The H1 chart shows the more detailed structure of the current descending correction. At the moment, the pair is getting close to 38.2% fibo at 1.3011 and may later reach 50.0% and 61.8% fibo at 1.2856 and 1.2700 respectively. The resistance is the high at 1.3514.

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 H4 chart, EURJPY continues the uptrend to break 76.0% fibo and reach its mid-term high at 123.36. At the same time, there is a divergence on MACD, which may indicate a possible pullback. The support is at 61.8% fibo (120.50).

EURJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the H1 chart, the first descending wave has reached 38.2% fibo. The next wave to the downside may be heading towards 50.0% and 61.8% fibo at 121.32 and 121.00 respectively. The local resistance is the high at 122.65.

EURJPY_H1

Fibonacci Retracements Analysis 18.12.2019 (GBPUSD, EURJPY)

Fibonacci Retracements Analysis 18.12.2019 (GBPUSD, EURJPY)

18.12.2019

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, there was a gap on the price chart and a divergence on MACD, after which the pair reached 61.8% fibo. We can see that GBPUSD has already eliminated the gap and right now is correcting to the downside. After completing the pullback, the instrument may start another rising wave towards 76.0% fibo at 1.3794.

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

The H1 chart shows the more detailed structure of the current descending correction. At the moment, the pair is getting close to 38.2% fibo at 1.3011 and may later reach 50.0% and 61.8% fibo at 1.2856 and 1.2700 respectively. The resistance is the high at 1.3514.

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 H4 chart, EURJPY continues the uptrend to break 76.0% fibo and reach its mid-term high at 123.36. At the same time, there is a divergence on MACD, which may indicate a possible pullback. The support is at 61.8% fibo (120.50).

EURJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the H1 chart, the first descending wave has reached 38.2% fibo. The next wave to the downside may be heading towards 50.0% and 61.8% fibo at 121.32 and 121.00 respectively. The local resistance is the high at 122.65.

EURJPY_H1

rfxsignals December 18, 2019 No Comments

DAILY FREE FOREX SIGNALS – 18-12-2019 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

GBPAUD BUY -1.91756
SL-1.91087
TP1-1.92098
TP2-1.92533

USDJPY SELL-109.423
SL-109.836
TP1-109.241
TP2-109.062

EURJPY SELL-121.822
SL-122.241
TP1-121.632
TP2-121.456

USDCAD BUY -1.31753
SL-1.31359
TP1-1.31962
TP2-1.32185

CADJPY SELL-83.062
SL-83.432
TP1-82.884
TP2-82.694

CHFJPY SELL-111.491
SL-111.865
TP1-111.315
TP2-111.076

AUDUSD SELL-0.68411
SL-0.68755
TP1-0.68221
TP2-0.68027

NZDUSD SELL-0.65563
SL-0.65980
TP1-0.65394
TP2-0.65178

AUDNZD BUY -1.04344
SL-1.0381
TP1-1.04544
TP2-1.04757

rfxsignals December 17, 2019 No Comments

DAILY FREE FOREX SIGNALS – 17-12-2019 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

NZDUSD SELL-0.65877
SL-0.66241
TP1-0.65726
TP2-0.65495

GBPUSD SELL-1.32488
SL-1.33084
TP1-1.32172
TP2-1.31840

AUDUSD SELL-0.68562
SL-0.69007
TP1-0.68407
TP2-0.68231

USDCAD BUY -1.31749
SL-1.31303
TP1-1.31978
TP2-1.32305

GBPJPY SELL-145.125
SL-145.945
TP1-144.809
TP2-144.552

NZDJPY SELL-72.171
SL-72.535
TP1-72.016
TP2-71.826

EURAUD BUY -1.62560
SL-1.62046
TP1-1.62794
TP2-1.63097

Fibonacci Retracements Analysis 16.12.2019 (GOLD, USDCHF)

Fibonacci Retracements Analysis 16.12.2019 (GOLD, USDCHF)

16.12.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD continues the correctional uptrend towards 38.2% fibo at 1488.16. After breaking еры level, the pair may continue growing to reach 50.0% and 61.8% fibo at 1501.30 and 1514.30 respectively. After completing the correction, 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 quick descending impulse, which has reached 61.8% fibo at 1461.34. Right now, the price is forming a pullback towards the local high at 1486.69. If the instrument fails to reach and break the high, the next descending wave will be heading towards 76.0% fibo at 1455.50 and then the low at 1445.60.

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”

The H4 chart shows the descending correctional wave. After the price reached its mid-term high, there was a divergence on MACD, which made the pair start a quick descending wave. By now, it has almost reached 61.8% fibo at 0.9801. After breaking this level and fixing below it, USDCHF may continue falling towards 76.0% at 0.9748. At the same time, there is a convergence on MACD, which may indicate a possible reverse soon.

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 H1 chart, USDCHF is trading downwards to reach 61.8% fibo at 0.9801. At the same time, there is a convergence on MACD.

USDCHF_H1

Ichimoku Cloud Analysis 16.12.2019 (AUDUSD, NZDUSD, USDCAD)

Ichimoku Cloud Analysis 16.12.2019 (AUDUSD, NZDUSD, USDCAD)

16.12.2019

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6870; 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 0.6855 and then resume moving upwards to reach 0.6980. 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 0.6795. In this case, the pair may continue falling towards 0.6695.

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 0.6594; 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 0.6570 and then resume moving upwards to reach 0.6695. 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 0.6450. In this case, the pair may continue falling towards 0.6365.

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 1.3163; 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 1.3195 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 1.3260. In this case, the pair may continue growing towards 1.3345.

USDCAD

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

Forex Technical Analysis & Forecast 16.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 16.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

16.12.2019

EURUSD, “Euro vs US Dollar”

EURUSD is correcting with the target at 1.1100. Possibly, today the pair may move upwards to reach 1.1146 and then form a new descending structure towards the above-mentioned target. Later, the market may start the fifth wave to the upside to reach the key target at 1.1236.

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 correcting with the target at 1.3288. Today, the pair may grow towards 1.3400 and then resume moving downwards to reach the above-mentioned target. After that, the instrument may form one more ascending structure towards 1.3542.

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 around 0.9830. Possibly, today the pair may expand this range towards 0.9870. Later, the market may start a new decline with the target at 0.9790 and then resume trading upwards to reach 0.9915.

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 correcting with the target at 109.14. Today, the pair may reach 109.44 and then start a new decline to reach the above-mentioned target. After that, the instrument may form one more ascending structure with the short-term target at 109.80.

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 correcting towards 0.6856. Later, the market may resume moving upwards with the key upside target at 0.6959.

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 has completed the ascending impulse at 62.91 along with the correction towards 62.50, thus forming a new consolidation range. If later the price breaks this range to the upside at 62.90, the market may start a new growth with the short-term target at 63.37.

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 is consolidating around 1.3177. Possibly, the pair may reach 1.3200 and then form a new descending structure towards 1.3131. Later, the market may start another correction with the target at 1.3232.

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 correcting towards 1480.88. After that, the instrument may form a new descending structure to break 1465.05 and then continue moving downwards with the target at 1449.40.

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

BRENT

Brent has finished the ascending impulse at 66.00; right now, it is correcting downwards to reach 64.77. After that, the market may start a new growth with the short-term target at 67.20.

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 with the target at 7000.00. Later, the market may form one more ascending structure to break 7600.00 and then continue trading upwards to reach 8165.00.

BTCUSD