Fibonacci Retracements Analysis 19.12.2019 (AUDUSD, USDCAD)

Fibonacci Retracements Analysis 19.12.2019 (AUDUSD, USDCAD)

19.12.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after updating the high, AUDUSD has started a new descending correction. The support is 23.6% fibo at 0.6818. After finishing the pullback, the instrument may start one more rising wave to break the high and then reach 50.0% and 61.8% fibo at 0.6982 and 0.7057 respectively.

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

In the H1 chart, the price is finishing the descending wave to start a new rising one. The short-term upside targets may be the high at 0.6938 and the post-correctional extension area between 138.2 and 161.8% fibo at 0.6976 and 0.7000 respectively. The local support is at 0.6838.

AUDUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the bearish tendency has reached 76.9% fibo. The key target is still the low at 1.3042. At the same time, there is a convergence on MACD, which indicates a possible pullback soon. The resistance is 50.0% fibo at 1.3185.

USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows more detailed structure of the current descending tendency. As we can see, the pair is trading close 76.0% fibo.

USDCAD_H1

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

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 13.12.2019 (EURUSD, GBPUSD)

Murrey Math Lines 13.12.2019 (EURUSD, GBPUSD)

13.12.2019

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is moving above 5/8. In this case, the price is expected to continue trading upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may resume falling towards the support at 3/8.

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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

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”

In the H4 chart, GBPUSD is moving above 5/8. In this case, the price is expected to continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may continue falling to reach the support at 3/8.

GBPUSD_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 upside line of the VoltyChannel indicator and, as a result, may continue trading upwards to reach 8/8 from the H4 chart.

GBPUSD_M15

Fibonacci Retracements Analysis 12.12.2019 (AUDUSD, USDCAD)

Fibonacci Retracements Analysis 12.12.2019 (AUDUSD, USDCAD)

12.12.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made AUDUSD start a new rising wave to reach the high at 0.6929. If the price breaks it, the uptrend will continue towards the long-term target at 50.0% (0.6985).

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

The H1 chart shows more detailed structure of the current correctional uptrend, which has already reached 76.0% fibo. Right now, the pair is expected to form a new pullback towards the local support at 50.0% fibo (0.6841).

AUDUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the bearish tendency continues. After completing the pullback towards the resistance at 23.6% fibo (13261), USDCAD is forming another descending impulse. The next downside targets may be 61.8% and 76.0% fibo at 1.3151 and 1.3111 respectively. However, the key target is the low at 1.3042.

USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows more detailed structure of the current descending tendency. As we can see, the pair is getting close to the target, which is 61.8% fibo at 1.3151.

USDCAD_H1

Forex Technical Analysis & Forecast 12.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 12.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

12.12.2019

EURUSD, “Euro vs US Dollar”

EURUSD has chosen an alternative scenario to continue the ascending wave. Possibly, today the pair may grow towards 1.1150 and then start a new correction to reach 1.1111. Later, the market may continue moving upwards with the target at 1.1180.

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 moving upwards. Possibly, the pair may extend the wave towards 1.3252. Today, the price may fall to reach 1.3200 and then start a new growth with the target at 1.3252.

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 rebounded from 0.9861 to the downside; right now, it is still falling. Possibly, the pair may reach 0.9804 and then form one more ascending structure to return to 0.9860.

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 forming another descending structure towards 108.27. Possibly, today the pair may reach 108.34 and then start another growth towards 108.57. After that, the instrument may continue moving downwards with the target at 108.27.

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 broken 0.6850; right now, it is still growing. Today, the pair may test 0.6868 from above and then resume trading inside the uptrend with the short-term target at 0.6906.

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 continues forming the downside continuation pattern around 63.60. Possibly, today the pair may fall to reach 63.06 and then start another correction to return to 63.60. Later, the market may form a new descending structure with the short-term target at 62.75.

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 moving downwards to reach 1.3140. Later, the market may form one more ascending structure towards 1.3216, thus forming a new consolidation range between these levels. If later the price breaks this range to the downside, the market may resume trading downwards to reach 1.3108; if to the upside – continue the uptrend with the target at 1.3282.

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

XAUUSD, “Gold vs US Dollar”

Gold has completed the ascending structure at 1470.60. Possibly, the pair may form an upside continuation pattern to start a new wave with the target at 1487.27. Today, the price may form a new descending structure to test 1470.60 from above and then and then resume moving upwards to reach the above-mentioned target.

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

BRENT

Brent has completed Flag pattern; right now, it is growing towards 64.88. After that, the market may start a new decline towards 64.12 and then form one more ascending structure with the short-term target at 66.77.

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 correcting towards 7000.00. Possibly, the pair may extend this structure down to 6900.00. After that, the instrument may resume moving upwards with the target at 8165.00.

BTCUSD

Japanese Candlesticks Analysis 12.12.2019 (GOLD, NZDUSD)

Japanese Candlesticks Analysis 12.12.2019 (GOLD, NZDUSD)

12.12.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After completing several reversal patterns, including Inverted Hammer, close to the channel’s downside, XAUUSD is trying to reverse. In this case, the price may form a slight correction and resume growing with the upside target at 1488.88. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1455.55.

GOLD
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 ascending tendency continues. After forming several reversal patterns, including Shooting Star, near the channel’s upside border, NZDUSD is trying to reverse. Later, the market may start a new decline to reach the closest support level at 0.6515. At the same time, one shouldn’t exclude an opposite scenario, according to which the instrument may update its highs and grow towards 0.6610.

NZDUSD

Fibonacci Retracements Analysis 11.12.2019 (GBPUSD, EURJPY)

Fibonacci Retracements Analysis 11.12.2019 (GBPUSD, EURJPY)

11.12.2019

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the daily chart, the uptrend has reached 50.0% fibo. At the same time, there is a divergence on MACD, which may indicate a new pullback. However, the pair may yet continue growing towards 61.8% fibo at 1.3453. The short-term target of the above-mentioned pullback is the local support at 38.2% fibo (1.2883); the key support is the low at 1.1958.

GBPUSD_D1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H4 chart, the divergence made GBPUSD start a new correction to the downside; the targets at are 23.6%, 38.2%, and 50.0% fibo at 1.2974, 1.2825, and 1.2706 respectively. The resistance is the high at 1.3215.

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

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY continues the uptrend towards 76.0% fibo at 121.55. After breaking this level and fixing above it, the instrument may continue growing towards the high at 123.36. The support is at 38.2% fibo (118.73).

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

In the H1 chart, the divergence on MACD made the pair start a new decline towards the support. If the price breaks it, the decline may continue to reach 61.8% fibo at 118.75. The local resistance is the high at 121.47.

EURJPY_H1