Murrey Math Lines 20.07.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has reached the “oversold area”. In this case, the price is expected to rebound from 0/8 and then correct upwards to reach the resistance at 2/8. However, this scenario may be canceled if the price breaks 0/8 to the downside. After that, the instrument may reverse and fall towards the support at -2/8.

AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, that’s why the pair may resume the ascending tendency only after rebounding from 0/8 from the H4 chart.

AUDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to break 1/8 and then continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. In this case, the instrument may grow towards the resistance at 3/8.

NZDUSD_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 its decline.

NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Japanese Candlesticks Analysis 20.07.2021 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the asset is still trading upwards. After forming several reversal patterns, such as Engulfing, not from the support level, XAUUSD may reverse and start a new growth to reach the resistance area at 1850.00. At the same time, an opposite scenario implies that the price may correct towards 1800.00 before resuming its ascending tendency.

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

NZDUSD, “New Zealand vs US Dollar”

As we can see in the H4 chart, the descending impulse continues. By now, NZDUSD has formed several reversal patterns, such as Harami and Engulfing, close to the resistance level. At the moment, the asset is reversing. In this case, the downside target is the support area at 0.6845. After testing this level, the asset may break it and continue moving downwards. However, an alternative scenario implies that the price may correct towards 0.6980 before resuming its decline.

NZDUSD
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, the asset is still trading within the downtrend. By now, GBPUSD has formed several reversal patterns, such as Hammer, not far from the support area. At the moment, the pair may reverse and start a new correction towards the resistance level. In this case, the upside target may be at 1.3777. After testing this level, the market may rebound from it and resume falling. Still, there might be an alternative scenario, according to which the asset may continue falling towards the support area at 1.3610 without any significant corrections.

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

Investors are still interested in the “greenback”. Overview for 20.07.2021

EURUSD continues falling slowly as the markets remain unstable.

The major currency pair is falling deeper. The current quote for the instrument is 1.1787.

The demand for “safe haven” assets, including the USD, is coming in full force at the time of the global market disbalance and massive escape from risks by investors.

The key reason for concerns right now is the delta variant of the COVID-19, which fuels an alarming rise in new cases all around the world. The number of new cases in the USA increased by 70% over a week, while the death rate expanded by 26%. The outbreaks have been observed in areas with small numbers of the vaccinated population and this fact only makes things worse.

It has been observed that the delta variant of the COVID-19 has a surge in deaths, which means that social restrictions that were removed a not long time ago may return pretty soon. Of course, it’s not good news for capital markets.

Today, the USA is starting to publish some interesting statistics. For example, reports on the Building Permits and the Housing Starts for June, which are both expected to improve a bit.

In general, there won’t be a lot of numbers this week that ay significantly influences the behaviour of major currencies, that’s why investors’ attention will be kept on fundamental factors.

Ichimoku Cloud Analysis 20.07.2021 (GBPUSD, AUDUSD, EURUSD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3656; 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 1.3710 and then resume moving downwards to reach 1.3450. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.3905. In this case, the pair may continue growing towards 1.4005. To confirm further decline, the asset must break the bearish channel’s downside border and fix below 1.3565.

GBPUSD
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 trading at 0.7317; 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 0.7335 and then resume moving downwards to reach 0.7205. Another signal in favor of a further downtrend will be a rebound from the descending channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.7515. In this case, the pair may continue growing towards 0.7605.

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

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1782; 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 1.1810 and then resume moving downwards to reach 1.1675. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.1855. In this case, the pair may continue growing towards 1.1965. To confirm further decline, the asset must break the support level and fix below 1.1765 – as we can see, after three tests of this area, bears still failed to break it.

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

Fibonacci Retracements Analysis 20.07.2021 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the asset is slowly falling towards the fractal low at 1.1704, a breakout of which may lead to a further downtrend to reach 50.0% fibo at 1.1695. The overall picture shows a series of updates of lows along with slight pullbacks. Coupled together with convergence on MACD, this factor implies a possible correction to the upside soon.

EURUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows potential correctional targets after convergence. At the moment, the [pair is falling to test the low at 1.1764. After rebounding from this level, the asset may correct upwards to reach 23.6%, 38.2%, and 50.0% fibo at 1.1882, 1.1956, and 1.2015 respectively. A breakout of the local low and the support at 1.1764 will complete the pullback and lead to a further downtrend.

EURUSD_H1
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, the mid-term downtrend continues. The first descending wave after divergence on MACD tested 23.6% fibo at 109.52 and then rebounded from it, which may be considered as a pullback to the upside. After the pullback is over, the instrument may start another descending wave to reach 38.2% fibo at 108.20, while the next downside target will be at 50.0% fibo at 107.13. The local resistance is at 111.66.

USDJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows a breakout of 23.6% fibo and a test of this level from below. The closest downside targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 109.08 and 108.81 respectively. The local resistance is at 110.70.

USDJPY_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

rfxsignals June 28, 2021 No Comments

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NZDUSD SELL-0.70361
SL-0.70952
TP1-0.70089
TP2-0.69770

AUDUSD SELL-0.75560
SL-0.76121
TP1-0.75267
TP2-0.74958

USDCHF BUY -0.92131
SL-0.91645
TP1-0.92405
TP2-0.92654

USDCAD BUY -1.23337
SL-1.22842
TP1-1.23534
TP2-1.23752

EURUSD SELL-1.19008
SL-1.19584
TP1-1.18770
TP2-1.18500

 

USDJPY SELL-110.634
SL-111.027
TP1-110.463
TP2-110.240

GBPUSD BUY-1.39373
SL-1.38673
TP1-1.39617
TP2-1.39922

EURAUD SELL-1.57004
SL-1.57437
TP1-1.56756
TP2-1.56472

EURGBP SELL-0.85645
SL-0.86059
TP1-0.85442
TP2-0.85214

AUDNZD SELL-1.07215
SL-1.07601
TP1-1.07010
TP2-1.06796

GBPCAD BUY-1.71308
SL-1.70868
TP1-1.71500
TP2-1.71706

GBPAUD BUY -1.83453
SL-1.82814
TP1-1.83680
TP2-1.83951

GBPCHF BUY-1.27936
SL-1.27409
TP1-1.28164
TP2-1.28381

GBPNZD BUY -1.96757
SL-1.96359
TP1-1.97067
TP2-1.97421

Forex Technical Analysis & Forecast 10.06.2021

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.2178; after expanding the range up to 1.2214 and rebounding from this level, it is falling towards 1.2144. Today, the pair may break the latter level and then continue trading downwards with the target at 1.2090. After that, the instrument may start a new correction towards 1.2170.

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 breaking 1.4111 and forming a new consolidation range around this level, GBPUSD is expected to continue falling 1.4040. Later, the market may correct to return to 1.4111 and form one more ascending structure with the target at 1.4000.

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

USDRUB, “US Dollar vs Russian Ruble”

After finishing the descending wave at 72.00, USDRUB is expected to correct towards 72.55. After that, the instrument may resume trading downwards with the target at 71.71 or even reach 71.50.

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

USDJPY, “US Dollar vs Japanese Yen”

After completing the ascending wave at 109.60, USDJPY is consolidating around this level. Today, the pair may grow to break 110.00 and then form one more ascending structure with the target at 110.55.

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

USDCHF, “US Dollar vs Swiss Franc”

After reaching the downside border of the range at 0.8927 and rebounding from this level to the upside, USDCHF is growing. Possibly, today the pair may reach the upside border of the range at 0.9050. Later, the market may break this level and then continue trading upwards with the short-term target at 0.9174.

USDCHF
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 finished the descending structure at 0.7725; right now, it is consolidating around this level. Today, the pair may break this range to the downside and continue trading downwards with the first target at 0.7686.

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

BRENT

Brent has expanded the range up to 72.61. Possibly, today the asset may correct towards 70.00 and then resume trading upwards with the short-term target at 75.55. After that, the instrument may start a new correction to reach 70.00.

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

XAUUSD, “Gold vs US Dollar”

Gold is falling towards 1852.64. Possibly, the metal may break this level to the downside and form a new descending structure with the short-term target at 1802.22.

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

S&P 500

The S&P index is still consolidating around 4222.0 without any particular direction. Possibly, today the asset may break this range to the upside and resume growing towards 4275.1. After that, the instrument may correct downwards to reach 4170.0 and then form one more ascending structure with the target at 4303.3.

S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Murrey Math Lines 10.06.2021 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCH has rebounded from 1/8, thus indicating a possible ascending correction. In this case, the price is expected to break 2/8 and then continue growing to reach the resistance at 3/8. Still, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may fall towards the support at 0/8.

USDCHF_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 the ascending tendency.

USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to test 5/8, break it, and continue growing to reach the resistance at 6/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may reverse and correct towards 3/8.

XAUUSD_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 moving upwards to reach 6/8 from the H4 chart.

XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Ichimoku Cloud Analysis 10.06.2021 (NZDUSD, EURJPY, EURUSD)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7185; 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 0.7195 and then resume moving downwards to reach 0.7070. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 0.7225. In this case, the pair may continue growing towards 0.7315.

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

EURJPY, “Euro vs Japanese Yen”

EURJPY is trading at 133.23; 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 133.40 and then resume moving downwards to reach 132.30. Another signal in favor of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 133.65. In this case, the pair may continue growing towards 134.55. To confirm further decline, the asset must break the neckline of the Head & Shoulders reversal pattern and fix below 132.55.

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

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.2170; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2185 and then resume moving downwards to reach 1.2065. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.2220. In this case, the pair may continue growing towards 1.2305.

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

The Euro is more likable to investors. Overview for 10.06.2021

EURUSD is slightly rising on Thursday afternoon; market expectations are against the “greenback”.

The major currency pair is growing a little bit on Thursday and it seems like investors will need more strengths during the day. The current quote for the instrument is 1.2170.

One thing is that the US 10-year bond yield is against the USD. Another thing, which supports the European currency, is market expectations because investors believe that the ECB meeting scheduled for today will be positive and optimistic.

The European regulator is highly likely to keep its monetary policy intact but may give a positive estimate to the economic recovery process in the Euro Area and revise its expectations for the GDP and inflation upwards.

One more thing worth paying attention to is the press conference by Christine Lagarde, the ECB Governor.

The USA won’t remain in the shade as well. In the evening, the country is planning to report on the CPI and the Core CPI, which may show 0.4% m/m and 0.5% m/m in May after being 0.8% m/m and 0.9% m/m respectively the month before. Strong data may help those who put pressure on the Fed and try to make the regulator close the stimulus programs ahead of the schedule. At the same time, there are no reasons right now for an inflation boost.

Also, the USA is scheduled to report on the Unemployment Claims, which is expected to be 370K after showing 385K the week before. It might be a great support for the USD as well.