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The Euro is looking down again. Overview for 18.03.2020 from rfxsignals

18.03.2020

On Wednesday afternoon, the major currency pair dropped to its three-week lows.

EURUSD is falling again and it keeps getting worse and worse. The current quote for the instrument is 1.0978.

Capital markets are gripped by panic, which brings a rapidly increasing demand for liquidity. In this light, the USD is getting stronger being a “safe haven” asset.

Right now, financial panic is based on what is happening in the world and assumptions that consequences might be much more serious than it was expected before. Quarantine restrictions are crippling the tertiary industry and may actually destroy the services sector along with small enterprises. At the same time, a lot of currencies are depreciated, which is also not good. As a result, investors are switching to the USD.

Market players didn’t pay attention to the statistics from the USA published yesterday. The Retail Sales lost 0.5% m/m in February after adding 0.6% m/m the month before and against the expected reading of +0.2% m/m. The decline is directly connected with the coronavirus outbreak as it made consumers go shopping less often.

The Industrial Production in the USA showed +0.6% m/m in February after being -0.5% m/m in the previous month. The Capacity Utilization Rate went from 76.6% to 77.0% over the same period of time.

Slowly deteriorating numbers on the real estate market may be considered as the start of a slowdown. The NAHB Housing Market Index showed 72 points in March after being 74 points the month before.

However, the USD doesn’t pay attention to this, because right now there are things that are much more important.

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Ichimoku Cloud Analysis 18.03.2020 (EURUSD, USDCAD, NZDUSD)

18.03.2020

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1018; the instrument is moving below Ichimoku Cloud, thus indicating n descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1055 and then resume moving downwards to reach 1.0785. 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 1.1125. In this case, the pair may continue growing towards 1.1205.

EURUSD
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 1.4211; 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 1.4095 and then resume moving upwards to reach 1.4475. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.3905. In this case, the pair may continue falling towards 1.3825.

USDCAD
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 0.5950; 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 0.5995 and then resume moving downwards to reach 0.5685. 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 0.6095. In this case, the pair may continue growing towards 0.6185.

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

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The Pound dropped to its six-month lows. Overview for 18.03.2020 from rfxsignals

18.03.2020

GBPUSD is updating its six-month lows while investors are trying to escape from risks.

In the middle of the week, the British Pound reached the lowest levels against the USD since September 3rd, 2019. The current quote for the instrument is 1.2014.

It’s all about investors trying to avoid risks due to quarantine restrictions. The United Kingdom is very serious about the matter and has already recommended people older than 70 to quarantine themselves over a long period of time. A relevant official statement will be announced in the nearest future but it is already known that elderly people were advised to stay at home to avoid the coronavirus. The total number of deaths in the United Kingdom is 21 and all of them were older than 60 years old. The older generation is at risk and the country’s authorities are doing their best to protect it.

The statistics published yesterday showed that the Unemployment Rate in the country went from 3.8% in December to 3.9% in January, although it wasn’t expected to change.  The Average Earnings Index added 3.1% 3m/y against the expected reading of +3.0% 3m/y. The Claimant Count Change showed 17.3K in February after being -0.2K the month before and against the expected reading of 6.2K.

Most likely, March numbers on the employment market will be worse due to active quarantine restrictions and contraction in business conditions. In fact, it may have a very significant influence on the country’s economy at the time of Brexit.

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daily fibonacci retracement rfxsignals forex technical alert
hi traders i planned to share my daily technical daily fibonacci retracement rfxsignals forex technical alert here .......you can share your ideas to here
EURGBP SELL:0.92648
SL: 0.93507
TP1:0.92449
TP2:0.92192
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USDJPY SELL: 110.228 
SL: 110.901 
TP1:109.980 
TP2:109.719   
#mt4 #forex #forextrader #trading #forextrading #bitcoin #trader
#cryptocurrency #forexlifestyle #entrepreneur
#crypto #forexsignal #investment #business
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DAILY FREE FOREX SIGNALS – 23-03-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호 FROM RFXSIGNALS

AUDUSD SELL 0.57189
SL: 0.60301
TP1:0.56899
TP2:0.56575

EURJPY BUY 118.299
SL:117.675
TP1:118.621
TP2:118.930

NZDJPY SELL 61.847
SL:64.585
TP1:61.495
TP2:61.208

AUDNZD BUY 1.0230
SL:1.0097
TP1:1.0262
TP2:1.0290

GBPNZD BUY 2.07156
SL:1.99396
TP1:2.07506
TP2:2.07782

EURNZD BUY 1.90621
SL:1.82287
TP1:1.94136
TP2:1.96625

GBPAUD BUY 2.02058
SL:1.96083
TP1:2.03343
TP2:2.05045

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The USD remains strong. Overview for 23.03.2020 FROM RFXSIGNALS

23.03.2020

On Monday morning, the major currency pair is slightly correcting but investors’ demand for the USD remains strong.

EURUSD started another week of March by attempting to recover. The current quote for the instrument is 1.0735.

Over the previous trading week, EURUSD lost 3.3% due to high market volatility.

All key market catalysts remain the same: the coronavirus topic is major and it influences the rest of them, such as monetary policies, energy commodities, and global economies. Quarantine restrictions all over the world prevent people from their ordinary activities, thus having an effect on all macroeconomic indicators. No one knows when it is going to end, that’ why market players continue avoiding risks and switch to the USD.

In the meantime, the US Senate didn’t approve the additional stimulus in the amount of 1.4 trillion USD. Democrats were vehemently opposed to it and didn’t let the bill get enough support.

The statistics draw little attention because there is a more serious thing to worry about, the pandemic. Its influence still hasn’t been completely assessed but it’s quite obvious that investors will remember March of 2020 for a long time.

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Murrey Math Lines 23.03.2020 (EURUSD, GBPUSD) FROM RFXSIGNALS

23.03.2020

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is still trading inside the “oversold area”. Last Friday, the market attempted to break the area but failed to fix above 0/8. In this case, the pair may continue falling towards the support at -2/8. However, this scenario may no longer be valid if the price breaks 0/8 to the upside. After that, the instrument may continue growing to reach the resistance at 2/8.

EURUSD_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 moving downwards to reach -2/8 from the H4 chart.

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 of GBPUSD, the situation is similar. The main scenario implies that the pair is expected to continue falling towards the support at -2/8. However, this scenario may no longer be valid if the price breaks 0/8 to the upside. After that, the instrument may continue growing to reach the resistance at 2/8.

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.

GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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Fibonacci Retracements Analysis 23.03.2020 (GOLD, USDCHF) FROM RFXSIGNALS

23.03.2020

XAUUSD, “Gold vs US Dollar”

As we can see in the daily chart, the divergence made the pair form a new wave to the downside; the wave broke 38.2% fibo but later stopped not fare from 50.0% fibo at 1431.95. After finishing the correction, XAUUSD may resume trading downwards to reach 50.0% and 61.8% fibo at 1431.95 and 1367.80 respectively. The resistance is the high at 1703.17.

GOLD_D1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H4 chart, the first rising impulse has corrected the previous descending wave by 38.2%. Later, the pair may continue growing towards 50.0% fibo at 1578.10. After completing the pullback and breaking the low at 1451.18, the price may continue its mid-term descending tendency.

GOLD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

In the daily chart, the rising impulse has completely corrected the previous descending wave, which means that the pair may continue growing towards 76.0% fibo at 0.9982 and the fractal high at 1.0236. In the mid-term, USDCHF is expected to trade between 0.9176 and 1.0236.

USDCHF_D1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, we can see a local divergence and a new pullback. The descending wave may be heading towards 23.6%, 38.2%, and 50.0% fibo at 0.9730, 0.9624, and 0.9538 respectively. The resistance is at 0.9901.

USDCHF_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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Ichimoku Cloud Analysis 23.03.2020 (BTCUSD, USDCAD, USDJPY) FROM RFXSIGNALS

23.03.2020

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 5856.00; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 5570.00 and then resume moving upwards to reach 7765.00. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 5010.00. In this case, the pair may continue falling towards 4355.00. After breaking the cloud’s upside border and fixing above 6185.00, the price may resume moving upwards.

BTCUSD
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 1.4427; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the support area at 1.4310 and then resume moving upwards to reach 1.4825. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.3675. In this case, the pair may continue falling towards 1.3585.

USDCAD
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 trading at 109.87; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 109.35 and then resume moving upwards to reach 113.85. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 103.85. In this case, the pair may continue falling towards 102.95.

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

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Forex Technical Analysis & Forecast 23.03.2020 FROM RFXSIGNALS

23.03.2020

EURUSD, “Euro vs US Dollar”

EURUSD is forming a wide consolidation range around 1.0720. Possibly, the pair may reach form one more ascending structure to reach 1.0797 and then start a new decline towards 1.0606. Later, the market may correct with the target at 1.0922.

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 completing the ascending impulse at 1.1922, GBPUSD has corrected this impulse towards 1.1529; right now, it is consolidating around 1.1605. If later the price breaks this range to the upside, the market may resume trading upwards to break 1.1812 and then continue growing to reach 1.2075; if to the downside – form a new descending structure with the target at 1.1220.

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

USDCHF, “US Dollar vs Swiss Franc”

After finishing the ascending wave at 0.9900, USDCHF is falling with the target at 0.9240. Later, the market may start a new growth to break 0.9820 and then continue 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 has finished another ascending structure at 111.49; right now, it is forming a new descending impulse to reach 109.27. After that, the instrument may grow towards 110.37, thus forming a new consolidation range between two latter levels. If later the price breaks this range to the downside, the market may start another correction to reach 106.49; if to the upside – form one more ascending structure with the target at 112.12.

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

AUDUSD, “Australian Dollar vs US Dollar”

After finishing the ascending structure at 0.5945, AUDUSD is consolidating around 0.5828. Possibly, the pair may grow towards 0.6136. After that, the instrument may form a new descending structure to break 0.5822 and then continue trading inside the downtrend with the target at 0.5370.

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 moving in the center of a wide consolidation range around 79.20. Possibly, today the pair may expand the range up to 82.50. Later, the market may start a new decline to break 76.90 and then continue trading downwards with the target at 75.11.

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 forming another ascending impulse towards 1.4506. Possibly, the pair may reach this level and then resume trading downwards to break 1.4324. Later, the market may continue the descending correction with the target at 1.4131.

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 still consolidating around 1480.70 without any particular direction. Today, the pair may fall to reach 1450.00 and then grow to return to 1480.00. If later the price breaks this range to the downside, the market may start a new decline towards 1444.00; if to the upside – form one more ascending structure with the target at 1550.00.

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

BRENT

Brent is forming a wide consolidation range around 27.30. Possibly, today the pair may fall to reach 24.20 and then return to 27.30. If later the price breaks this range to the downside at 24.10, the market may resume trading downwards to reach 20.65; if to the upside at 28.50 – start a new growth to break 31.00 and then continue trading upwards with the target at 35.88.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has finished the second ascending structure at 6800.00. The main scenario implies that the instrument may correct towards 5300.00 and then resume trading upwards to reach 7000.00. After that, the instrument may start another correction to return to 5300.00.

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

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Japanese Candlesticks Analysis 23.03.2020 (EURUSD, USDJPY, EURGBP) FROM RFXSIGNALS

23.03.2020

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the pair continues falling; right now, the price is testing the support level where it has formed several reversal candlestick patterns, such as Hammer. At the moment, EURUSD is starting to reverse. We may assume that later the price may correct to reach 1.0950. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.0530 without testing 1.0950.

EURUSD
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, USDJPY is still recovering after the fall. By now, the pair has tested the resistance level again, where it has formed a Long-Legged Doji reversal pattern. Possibly, the price may reverse and reach 108.00. The current situation implies that after finishing the correction the price may grow towards the target at 113.60.

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

EURGBP, “Euro vs. Great Britain Pound”

As we can see in the H4 chart, after updating the highs, EURGBP has formed several reversal patterns, such as Hanging Man and reversed. At the moment, we may assume that later the market may start a new growth towards 0.9490 and continue the ascending tendency. However, one shouldn’t exclude an opposite scenario, which implies that the instrument may continue the correction with the target at 0.9005.

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

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DAILY FREE FOREX SIGNALS – 25-03-2020 FROM RFXSIGNALS

EURCAD SELL: 1.54968
SL: 1.56785
TP1: 1.54722
TP2: 1.54449
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USDCAD SELL:1.43346
SL: 1.45449
TP1:1.43119
TP2:1.42880
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NZDUSD BUY: 0.59073
SL: 0.57543
TP1: 0.59371
TP2: 0.59683
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EURJPY BUY: 120.435
SL: 119.281
TP1: 120.673
TP2: 120.880
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GBPCAD BUY 1.70913
SL: 1.66212
TP1:1.72672
TP2:1.73957
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GBPCAD SELL: 1.69619
SL: 1.70370
TP1: 1.69380
TP2: 1.69150
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USDJPY BUY: 111.502
SL: 110.480
TP1: 111.748
TP2: 112.022
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NZDUSD BUY 0.59312
SL:0.55415
TP1:0.59614
TP2:0.60076
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GBPNZD SELL: 2.00694
SL: 2.03694
TP1: 2.00440
TP2: 2.00186
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GBPUSD BUY 1.19091
SL:1.13525
TP1:1.19504
TP2:1.19938
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EURCHF BUY 1.06285
SL:1.04956
TP1:1.06592
TP2:1.06860
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AUDJPY BUY 67.359
SL:61.218
TP1:67.667
TP2:68.002
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USDCAD SELL 1.43305
SL:1.45675
TP1:1.42999
TP2:1.42672
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USDCHF SELL: 0.98097
SL: 0.98397
TP1: 0.97844
TP2: 0.97580
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EURGBP SELL 0.90869
SL:0.92811
TP1:0.90541
TP2:.090212
#mt4 #forex #forextrader #trading #forextrading #bitcoin #trader
#cryptocurrency #forexlifestyle #entrepreneur
#crypto #forexsignal #investment #business
#binaryoption #passiveincome #daytrader #btc

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Fibonacci Retracements Analysis 25.03.2020 (GBPUSD, EURJPY)

25.03.2020

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the daily chart, GBPUSD is trying to fix below the low at 1.1958. At the same time, the current slight growth may be considered as a test of the broken low from below and a rising correction. After finishing the pullback, the pair may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.1366 and 1.0996 respectively. the resistance is 61.8% fibo at 1.2552.

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

In the H1 chart, the convergence made the pair reverse and correct upwards to reach 23.6% fibo. The next upside targets may be 38.2% and 50.0% fibo at 1.2095 and 1.2305 respectively. the support is the low at 1.1409.

GBPUSD_H1
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 daily chart, after testing the low at 115.86 and rebounding from it, EURJPY may start a new long-term rising impulse. Right now, the pair is trying to break the resistance at 38.2% fibo (120.19). If the pair succeeds, it may grow to reach the fractal high at 122.87. If this level is broken as well, the instrument may start a new long-term growth with the first target at 38.2% fibo (124.13).

EURJPY_D1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H4 chart, the pair is re-approaching 38.2% fibo at 120.19. In the future, the instrument is going to break this level. It’s only a matter of time.

EURJPY_4H
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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Ichimoku Cloud Analysis 25.03.2020 (BTCUSD, AUDCAD, NZDUSD) FROM RFXSIGNALS

25.03.2020

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 6676.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 6185.00 and then resume moving upwards to reach 8210.00. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 5635.00. In this case, the pair may continue falling towards 4965.00.

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

AUDCAD, “Australian Dollar vs Canadian Dollar”

AUDCAD is trading at 0.8661; 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 0.8565 and then resume moving upwards to reach 0.9005. Another signal to confirm further ascending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.8675. In this case, the pair may continue falling towards 0.8675.

AUDCAD
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 0.5890; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.5785 and then resume moving upwards to reach 0.6195. Another signal to confirm further ascending movement is the price’s rebounding from the upside border of a Triangle pattern. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.5665. In this case, the pair may continue falling towards 0.5575. After breaking the cloud’s upside border and fixing above 0.5985, the price may resume moving upwards.

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

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EURUSD is looking up. Overview for 25.03.2020 FROM RFXSIGNALS

25.03.2020

The major currency pair is slowly growing in the middle of the week; investors have an attitude for risks.

On Wednesday, EURUSD remains positive. The current quote for the instrument is 1.0817.

Market players see that the US Federal Reserve is quite aggressive when it comes to the stimulus program and start moving away from “safe haven” assets, such as the USD, thus helping other traded currencies to recover.

The New Home Sales in the USA showed 765K in February, which is a bit better than expected, 750K. the month before, the indicator was 800K.

The Markit Services PMI dropped to 39.1 points in March after being 49.4 points in the previous month. The Markit Manufacturing PMI went from 50.7 points to 49.2 points over the same period of time.

It’s clearly seen that due to slump in demand the tertiary industry suffers more serious but may recover at the same pace. The decline of the manufacturing sector is not so obvious but it may continue for a long time, thus causing much more serious consequences.

Later in the evening, market players should pay attention to the Durable Goods Orders, which may lose 1.0% m/m in February. The report itself is rather volatile because it contains a lot of variables.

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The Pound is regaining positions. Overview for 25.03.2020 FROM RFXSIGNALS

25.03.2020

On Wednesday morning, GBPUSD intends to recover despite weak statistics.

The British Pound is still correcting against the USD. The current quote for the instrument is 1.1831.

The statistics published yesterday showed that the CBI Industrial Order Expectations dropped to -29 points in March after being -18 points in February and against the expected reading of -38 points.

The preliminary report on the Manufacturing PMI showed 48.0 points in March after being 51.7 points in the previous month and against market expectations of 45.1 points. The Services PMI plummeted by much more, down to 35.7 points after being 53.2 points and against the expected reading of 45.0 points.

So far, only one of the three reports was much weaker than expected. However, for the tertiary sector is okay: due to quarantine restrictions, the country’s population stays at home, so the final reports on these indicators might be even worse.

Later today, the United Kingdom will continue publishing the statistics. This time, it will be the CPI and the Core CPI, the PPI Input and Output, the RPI and the HPI. All these reports are for February, that’s why might be significantly outdated

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Forex Technical Analysis & Forecast 25.03.2020 FROM RFXSIGNALS

25.03.2020

EURUSD, “Euro vs US Dollar”

After forming the ascending impulse towards 1.0887 and completing the correction at 1.0744, EURUSD is moving upwards. If later the price breaks 1.0815 to the upside, the market may continue growing towards 1.0943; if 1.0740 to the downside – resume trading downwards with the target at 1.0700.

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 has finished the ascending impulse towards 1.1800; right now, it is consolidating below this level. Possibly, the pair may break this level to the upside and then trade upwards to reach 1.1910. After that, the instrument may break the latter level as well and then continue growing with the target at 1.2145.

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

USDCHF, “US Dollar vs Swiss Franc”

After finishing the correction towards 0.9842, USDCHF is falling to break 0.9760. Later, the market may continue trading downwards with the short-term target at 0.9686.

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 110.70; it has expanded the range up to 111.70 and right now it falling to test 110.70 from above. After that, the instrument may start another growth to reach 111.90 and then form a new descending structure with the target at 110.70.

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 still trading upwards to reach 0.6136. After that, the instrument may correct to the downside with the target at 0.5822.

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 falling towards 78.38. Later, the market may break this level and continue trading downwards with the short-term target at 76.02.

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 falling. Possibly, today the pair may reach 1.4333 and then consolidate below it. After that, the instrument may break 1.4333 to the downside and continue the descending wave with the target at 1.4171.

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

XAUUSD, “Gold vs US Dollar”

After completing the ascending structure at 1577.50 and forming a new consolidation range around it, Gold has broken the range to the upside. Possibly, the pair may continue trading upwards. Today, the price may reach 1650.50 and then start another correction with the target at 1577.50.

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

BRENT

Brent is still consolidating around 27.77. Today, the pair may grow to break 28.70 and then continue trading upwards with the target at 30.80.

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 consolidating around 6500.00. The main scenario implies that the instrument may resume growing to reach 7500.00 and then correct towards 5700.00. After that, the instrument may start another growth with the target at 7000.00.

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

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Japanese Candlesticks Analysis 25.03.2020 (USDCAD, AUDUSD, USDCHF) FROM RFXSIGNALS

25.03.2020

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after updating its highs, USDCAD is still correcting; it has formed a Harami reversal pattern and right now is trying to reverse. In this case, the downside target is at 1.4290. The current situation implies that after testing the channel’s downside border the instrument may form a reversal pattern and then resume growing with the target at 1.4780.

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

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair continues the correction within the descending tendency. After completing a Hammer reversal pattern near the support level, AUDUSD is still reversing and testing the resistance level. Later, the price may complete the correction at 0.6077 and then resume trading upwards to reach 0.6270. Still, the instrument may choose a different scenario and continue falling towards 0.5752 or even 0.5520.

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

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the pair is still forming a new ascending channel; by now, USDCHF has formed a Harami reversal pattern near the support level. The current situation suggests that the pair may reverse and then start a new growth with the target at 0.9950. However, one shouldn’t ignore another scenario, according to which the instrument may fall and return to 0.9739.

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

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Murrey Math Lines 25.03.2020 (USDJPY, USDCAD) FROM RFXSIGNALS

25.03.2020

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading 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 6/8 to the downside. After that, the instrument may continue trading downwards to reach the support at 5/8.

USDJPY_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 8/8 from the H4 chart.

USDJPY_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, the pair is moving not far from 3/8. In this case, USDCAD may break this level and then continue falling towards the support at 2/8. However, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may trade upwards to reach the resistance at 5/8.

USDCAD_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 trading downwards.

USDCAD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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