12.09.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the current correctional uptrend has already reached 50.0% fibo and may continue growing towards 61.8% and 76.0% fibo at 0.6928 and 0.6984 respectively. At the same time, there is a divergence on MACD, which may indicate a possible correction.

In the H1 chart, there is a divergence on MACD, which is making AUDUSD slow down the current rising tendency. Possibly, after reaching 61.8% at 0.6928, the price may start a pullback. The target of this pullback may be 23.6%, 38.2%, 50.0%, and 61.8% fibo at 0.6871, 0.6836, 0.6807, and 0.6779 respectively.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the divergence made USDCAD start a new descending wave, which has already reached 61.8% fibo. In the nearest future, the pair may start a new pullback. After completing the pullback, the instrument may resume falling towards 76.0% fibo at 1.3103 and then the low at 1.3015.

In the H1 chart, the pair is correcting after the convergence and has already reached 23.6% fibo. The next upside targets may be 38.2% and 50.0% fibo at 1.3229 and 1.3258 respectively. The support is the low at 1.3134.

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13.09.2019

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, the correctional Triangle continues close to 38.2% fibo. If the price breaks the current resistance level and 23.6% fibo at 11375.00, BTCUSD will continue growing towards the high at 13857.20. At the same time, MACD lines are heading downwards, which means that the decline may yet continue towards 50.0% and 61.8% fibo at 8580.00 and 7350.00 respectively.

In the H4 chart, the pair is correcting to the upside after the convergence and has already reached 50.0% fibo. In the future, the correction may continue towards 61.8% fibo at 11170.00. The support is the low at 9322.70.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the daily chart, the descending tendency reached 76.0% fibo and then there was a convergence on MACD. However, the pullback that started later can’t be called very significant. Still, the pullback may yet continue towards 61.8% and 50.0% fibo at 200.55 and 231.70 respectively. After breaking 163.20, the instrument may plummet to reach 100.03.

The H4 chart shows more detailed structure of the current correction. By now, the pair has already reached 23.6% fibo. Later, the price may continue growing towards 38.2% and 50.0% fibo 192.54 and 201.60 respectively.

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15.08.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made AUDUSD start a new pullback, which was very close to 38.2% fibo at 0.6831 several times, but hasn’t reached it yet. After breaking this level, the pair may continue growing towards 50.0% fibo at 0.6880. When the correction is over, the instrument may break the local support at 0.6677 and then continue falling to reach the long-term low at 0.6547.

In the H1 chart, AUDUSD has been corrected to the downside by 50.0%. Right now, the pair is forming a new rising impulse towards the local high at 0.6822.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after reaching 50.0% fibo at 1.3180, USDCAD has rebounded towards the high. If the pair breaks it, the price may continue trading to reach 61.8% and 76.0% fibo at 1.3355 and 1.3433 respectively. Otherwise, the instrument may resume falling towards 50.0%, 61.8%, and 76.0% fibo at 1.3180, 1.3141, and 1.3095 respectively. The key target is the low at 1.3015.

In the H1 chart, USDCAD is trading upwards to reach the high at 1.3345. If the price breaks the high in the nearest future, the instrument may continue growing towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.3407 and 1.3445 respectively.

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16.08.2019

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, after testing 23.6% fibo at 11350.00, BTCUSD failed to continue this rising impulse and started a new descending wave towards 50.0% and 61.8% fibo at 8600.00 and 7350.00 respectively.

In the H4 chart, the pair is about to complete the short-term pullback, which may be followed by a new descending impulse to reach 50.0% fibo at 8600.00. The resistance is at 11350.00.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the daily chart, after testing 50.0% and 61.8% fibo, ETHUSD started forming a new descending impulse; the target is 76.0% fibo at 163.20. At the same time, there is a convergence, which may indicate a possible pullback. The resistance is 50.0% fibo at 231.50.

In the H4 chart, the instrument is quickly falling and getting closer to 76.0% fibo at 163.20.

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19.08.2019

GOLD

On H4, the instrument has formed two divergences upon reaching the long-term level of 61.8%: a long-term divergence and a short-term one. A stable decline to the levels of 23.6% (1472.30), 38.2% (1433.50) and 50.0% (1402.50) may follow, judging by the situation. The resistance is at the maximum of 1535.00.

On H1, the quotations return to the long-term level of 61.8% Fibo after a swift impuse of descending. The closest aim of the new impulse may be at 23.6% (1472.30) Fibo.

USDCHF

On H4, the instrument is developing a correction phase after testing the significant minimum, and a convergence. The correction has reached 38.2% Fibo by now. Further growth may aim at 50.0% (0.9818) and 61.8% (0.9855). A breakaway of the local minimum may be followed by a decline to a post-correctional extension of 138.2-161.8% (0.9586-0.9522).

On H1 the pair is demonstrating an uptrend inside the previous declining wave. The growth is aiming at 50.0% (0.9818) Fibo; at the same time, a local divergence is forming, hinting on a potential for a reversal.

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