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.

22.10.2019

EURUSD, “Euro vs US Dollar”

It would be better to analyze the current EURUSD situation in the daily chart. As we can see, there was a convergence on MACD, which made the pair start a new rising impulse. This impulse may be a part of the long-term tendency reverse. The closest target is 23.6% fibo at 1.1275, while the next ones may be 38.2% and 50.0% fibo at 1.1520 and 1.1716 respectively. The support is the low at 1.0879.

The H4 chart shows the more detailed structure of the current rising tendency that started after the convergence. By now, the correctional uptrend has reached 50.0% fibo and may be followed by a new short-term pullback soon. After completing the pullback, the instrument may continue growing towards 61.8% and 76.0% fibo at 1.1208 and 1.1284 respectively.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after breaking the highs, USDJPY is trying to fix above them to continue forming the rising tendency. The 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 at 106.48.

In the H1 chart, the local divergence made the pair start a new correction, which has already reached 23.6% fibo. The next downside targets may be 38.2% and 50.0% fibo at 107.99 and 107.71 respectively. The resistance is the high at 108.93.

16.10.2019

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is rising within the mid-term correction. After the convergence, the pair has broken the high, as well as 50.0% fibo. Right now, the price is heading to reach its next upside target, 61.8% and 76.0% fibo at 1.2837 and 1.3040 respectively. The support is 38.2% fibo at 1.2500.

In the H1 chart, there is a divergence on MACD, which indicates a new pullback in the nearest future. Possibly, the pair may reach 61.8% fibo at 1.2837 and then start a new descending correction. The targets are 23.6%, 38.2%, 50.0%, and 61.8% fibo at 1.2686, 1.2592, 1.2516, and 1.2441 respectively.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY is testing its previous high. The current rising impulse helped to continue the mid-term correction; the closest upside target is 61.8% fibo at 120.50. The next targets may be inside the post-correctional extension area between 138.2% and 161.8% fibo at 121.14 and 121.82 respectively. Inside the same area, there is mid-term 76.0% fibo at 121.55. The support is at 117.07.

In the H1 chart, there is a divergence on MACD. We may assume that after reaching 61.8% fibo at 120.50, the instrument may resume falling towards 23.6%, 38.2%, 50.0%, and 61.8% fibo at 119.69, 119.19, 118.79, and 118.38 respectively.