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  1. Fibonacci Retracements Analysis 13.04.2020 (GOLD, USDCHF) FROM RFXSIGNALS 13.04.2020 XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD is forming a mid-term ascending wave towards the local high at 1703.17. If the pair breaks this level, it may reach 76.0% fibo at 1708.85. At the same time, the key upside targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively. After testing this area, the price may correct downwards and then attack the all-time high at 1920.66. The support remains at 1451.18. In the H1 chart, there is a divergence within the uptrend, which may indicate a new pullback soon. The short-term support is 76.0% fibo at 1642.68. USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, the previous ascending wave has failed to break the local high at 0.9901 and reach 76.0% fibo at 0.9982. At the moment, USDCHF is falling and may form a Triangle pattern. However, the key target of the current movement is 61.8% fibo at 0.9453. In the H1 chart, the divergence made the pair start a new decline, which is currently slowing down at 50.0% fibo due to a convergence om MACD indicating a possible reversal. However, as long as there is no “Golden Cross” on MACD, the instrument may yet continue trading downwards to reach 61.8% fibo at 0.9615. The resistance is at 0.9797.
  2. EURUSD is looking for drivers. Overview for 13.04.2020 FROM RFXSIGNALS 13.04.2020 The major currency pair is rather neutral at the beginning of a new April week, but the Euro is looking stronger. The Euro is stable against the USD early in another week of April. The current quote for the instrument is 1.0945. Today’s economic calendar is empty as most of the Catholic countries still have Easter holidays. It means that it’s high time to analyze what is happening right now and make predictions for the future. For example, the CBA (Commonwealth Bank of Australia) believes that global economic and monetary measures that should be taken by the Euro Area might quickly set the region’s economy on its feet. Among other things, it includes the ESM: those European countries that suffered most from the coronavirus pandemic and its consequences will get more help with the credit line. It means that there won’t be any problems with liquidity in Europe, so the region’s economies might recover quite quickly. At the same time, the US Federal Reserve also doesn’t sit idle. Last week, the American regulator announced a program to support small and medium enterprises in the amount of 2.3 trillion USD in addition to other programs announced earlier, such as the QE, low interest rates, and expansion of Dollar liquidity. Moreover, the White House drew attention to the fact the coronavirus outbreak might be slowing down. In global terms, investors’ sentiment all over the world is getting better, and that’s a good signal for the Euro.
  3. Murrey Math Lines 14.04.2020 (AUDUSD, NZDUSD) FROM RFXSIGNALS 14.04.2020 AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking 2/8, AUDUSD is moving above this level. In this case, the pair is expected to continue growing to reach the resistance at 3/8. However, this scenario may be canceled if the price breaks 2/8 to the downside. After that, the instrument may continue falling towards the support at 1/8. 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. NZDUSD, “New Zealand Dollar vs US Dollar” In the H4 chart, after breaking 1/8, NZDUSD is expected to continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8. 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.
  4. Ichimoku Cloud Analysis 14.04.2020 (AUDUSD, USDJPY, USDCHF) FROM RFXSIGNALS 14.04.2020 AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.6427; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6395 and then resume moving upwards to reach 0.6535. 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 0.6225. In this case, the pair may continue falling towards 0.6175. USDJPY, “US Dollar vs Japanese Yen” USDJPY is trading at 107.67; 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 107.95 and then resume moving downwards to reach 105.25. 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 109.35. In this case, the pair may continue growing towards 110.05. USDCHF, “US Dollar vs Swiss Franc” USDCHF is trading at 0.9645; 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 0.9660 and then resume moving downwards to reach 0.9565. 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 0.9695. In this case, the pair may continue growing towards 0.9775.
  5. Forex Technical Analysis & Forecast 14.04.2020 FROM RFXSIGNALS 14.04.2020 EURUSD, “Euro vs US Dollar” After finishing the first descending structure with the short-term target at 1.0892, EURUSD has completed the correction towards 1.0945. Possibly, the pair may break the correctional channel to the downside and then form a new descending structure with the first target at 1.0884. Later, the market may start another growth to reach 1.0925. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is moving upwards; it has broken 1.2515 to the upside. Possibly, today the pair may test this level from above and then form one more ascending structure to reach 1.2637 (an alternative scenario). However, the main scenario implies that the price may start plunging towards 1.2160 at any moment. USDRUB, “US Dollar vs Russian Ruble” USDRUB is consolidating around 74.50. According to the main scenario, the price is expected to continue falling towards 68.00. Today, the pair may form a new descending structure to reach 71.00 and then start another consolidation range. USDJPY, “US Dollar vs Japanese Yen” USDJPY has broken 107.72 to the downside; right now, it is still trading downwards to reach 107.37. Later, the market may return to 107.72 to test it from below and then start another decline with the short-term target at 106.10. USDCHF, “US Dollar vs Swiss Franc” After completing the first ascending impulse towards 0.9686, USDCHF has finished the correction at 0.9640. Later, the market may start another growth to break 0.9677 and then continue trading upwards with the target at 0.9710. AUDUSD, “Australian Dollar vs US Dollar” After extending the ascending wave up to 0.6410, AUDUSD is moving downwards to reach 0.6363. After that, the instrument may start another growth towards 0.6400, thus forming a new consolidation range between these levels. Later, the market may break the range to the downside and then resume trading downwards with the target at 0.6200. BRENT After reaching 32.19, Brent is falling towards 28.60. Later, the market may start another growth to reach 32.40, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may grow to reach 35.85; if to the downside – resume trading downwards with the target at 27.40 XAUUSD, “Gold vs US Dollar” After forming the consolidation range around 1680.00 and breaking it to the upside, Gold has reached 1720.00. Today, the pair may fall to test 1680.00 from above and then form one more ascending structure towards 1770.00. All ascending movements should be considered as an alternative scenario to continue the uptrend without any corrections.. BTCUSD, “Bitcoin vs US Dollar” BTCUSD is growing to reach 7000.00. After that, the instrument may start a new decline towards 6800.00 and then resume trading upwards with the target at 7550.00. S&P 500 S&P 500 is moving upwards to each 2871.5. Later, the market may resume falling with the next target at 2500.5.
  6. Japanese Candlesticks Analysis 14.04.2020 (GOLD, NZDUSD, GBPUSD) FROM RFXSIGNALS 14.04.2020 XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after testing another resistance level and forming several reversal patterns, such as Harami, Gold is trying to reverse. The current situation implies that the pair may form a correction and then resume the rising tendency. In this case, the upside target may be at 1750.00. At the same time, there is another scenario, according to which the instrument may correct towards 1685.00. NZDUSD, “New Zealand vs. US Dollar” As we can see in the H4 chart, the rising channel continues. After finishing a Harami reversal pattern, NZDUSD is reversing. Possibly, the pair complete the correction and resume trading upwards. The upside target may be at 0.6190. Still, one shouldn’t exclude another scenario, which says that the instrument may continue the pullback towards 0.6050. GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, the pair continues growing within the rising channel. By now, GBPUSD has formed several reversal patterns, such as Doji, close to the support level. At the moment, the pair is reversing and may later resume growing with the target at 1.2675. However, there is another scenario, which implies that the instrument may fall and test 1.2425.
  7. Fibonacci Retracements Analysis 14.04.2020 (EURUSD, USDJPY) FROM RFXSIGNALS 14.04.2020 EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trying to fix at the support and start a new rising tendency. One of the ways to describe the current situation is a consolidation range. In case the pair succeeds in starting a new growth, the upside targets may be 38.2% and 50.0% fibo at 1.1370 and 1.1595 respectively. However, if the instrument isn’t strong enough to grow, it may plunge to break the low at 1.0635 and then continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo between 1.0505 and 1.0334 respectively. As we can see in the H1 chart, the convergence forced the pair to stop at 50.0% and start a new decline, which may transform into a reversal. If the price fails to reverse and break the low at 1.0768, the instrument may resume growing towards 61.8% and 76.0% fibo at 1.1002 and 1.1055 respectively. USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, after completing the pullback, USDJPY is trying to start a new descending wave. The downside targets may be 50.0%, 61.8%, and 76.0% fibo at 106.44, 105.20, and 103.70 respectively or the low at 101.18. The resistance remains at the high at 111.71. In the H1 chart, the descending wave is approaching the local low at 106.91. if the price breaks it, the instrument may continue falling to reach its mid-term target at 50.0% fibo (106.44).
  8. Japanese Candlesticks Analysis 10.04.2020 (USDCAD, AUDUSD, USDCHF) FROM RFXSIGNALS 10.04.2020 USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, the pair is forming the descending tendency. At the moment, USDCAD is moving not far from the descending channel’s upside border. In this case, the downside target may be at 1.3800. At the same time, there might be another scenario, which implies that the instrument may break the channel’s upside border and grow towards 1.4200. AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, the pair continues the ascending tendency. After completing a Shooting Star pattern in the middle of the rising channelю Possibly, AUDUSD may reverse and start a new correction to reach 0.6243. Still, the instrument may choose a different scenario and continue growing towards 0.6380 without reversing and correcting. USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, the pair continues the correction within the ascending tendency. By now, USDCHF has formed several reversal patterns, such as Hammer, near the channel’s downside border. The current situation suggests that after reversing the pair may continue the ascending tendency. In this case, the upside target may be at 0.9790. However, one shouldn’t ignore another scenario, according to which the instrument may return to 0.9600.
  9. Murrey Math Lines 13.04.2020 (EURUSD, GBPUSD) FROM RFXSIGNALS 13.04.2020 EURUSD, “Euro vs. US Dollar” In the H4 chart, EURUSD is still trading above 1/8. In this case, the pair may continue growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling to reach the support at 0/8. 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 the ascending tendency. GBPUSD, “Great Britain Pound vs US Dollar” In the H4 chart, after breaking 3/8, GBPUSD is consolidating. The main scenario implies that the pair is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling to reach the support at 1/8. 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.
  10. Forex Technical Analysis & Forecast 13.04.2020 FROM RFXSIGNALS 13.04.2020 EURUSD, “Euro vs US Dollar” After finishing the first descending impulse at 1.0923, EURUSD is correcting. Possibly, the pair may reach 1.0940 and then form a new descending structure to break 1.0920. Later, the market may continue falling with the short-term target at 1.0907. After that, the instrument may start another growth towards 1.0923 and then resume moving inside the downtrend with the first target at 1.0892. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating near the upside border of the range. Possibly, today the pair may fall towards 1.2168 and then form one more ascending structure to reach 1.2310. Later, the market may fall to break 1.2160 and then continue trading downwards with the target at 1.1777. USDCHF, “US Dollar vs Swiss Franc” USDCHF is consolidating around 0.9660. Today, the pair may expand the range up to 0.9686 and then fall to return to 0.9660. If later the price breaks this range to the upside, the market may resume growing to reach 0.9700; if to the downside – choose an alternative scenario and extend this descending wave towards 0.9600. USDJPY, “US Dollar vs Japanese Yen” USDJPY has broken 108.22; right now, it is still trading downwards to reach 107.30. Later, the market may return to 108.22 to test it from below and then start another decline with the short-term target at 106.92. AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is moving upwards. Possibly, the pair may extend the wave up to 0.6382. After that, the instrument may resume trading downwards with the first target at 0.6180. USDRUB, “US Dollar vs Russian Ruble” USDRUB continues falling towards 70.50. Later, the market may start a new correction to reach 74.40 and then resume trading downwards with the target at 69.50. USDCAD, “US Dollar vs Canadian Dollar” USDCAD is consolidating to break 1.3960 downwards. Possibly, the pair may fall with the short-term target at 1.3830. After that, the instrument may grow to test 1.3960 from below and then continue trading downwards with the target at 1.3800. XAUUSD, “Gold vs US Dollar” Gold continues consolidating around 1681.00. Today, the pair may fall to break 1672.00. The first downside target is at 1660.60. BRENT Brent is growing towards 32.40. Later, the market may form a new descending structure to reach 29.40 and then grow to return to 32.40, thus forming a new consolidation range between these two levels. BTCUSD, “Bitcoin vs US Dollar” BTCUSD has completed the descending wave at 6600.00. Today, the pair may grow towards 7000.00, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may grow to reach 7550.00; if to the downside – resume trading downwards with the short-term target at 6000.00.
  11. Japanese Candlesticks Analysis 13.04.2020 (EURUSD, USDJPY, EURGBP) FROM RFXSIGNALS 13.04.2020 EURUSD, “Euro vs. US Dollar” As we can see in the H4 chart, EURUSD is no longer moving inside the rising channel. By now, the pair has formed a Hammer pattern not far from the support level. At the moment, the pair is reversing. We may assume that later the price may correct and then resume the ascending tendency. At the same time, there is another scenario, which implies that the price may continue growing to reach 1.1030 without forming any corrections. USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is still falling; it is no longer moving inside the rising channel. Possibly, the price may continue trading downwards to reach the support level at 107.10. The current situation implies that the instrument may yet resume growing towards 110.10 but this scenario is rather unlikely. EURGBP, “Euro vs. Great Britain Pound” As we can see in the H4 chart, the pair continues moving sideways. By now, after reaching another support level, it has formed a Hammer pattern. We may assume that later EURGBP may continue falling and return into the descending channel. In this case, the downside target may be at 0.8568. However, one shouldn’t exclude an opposite scenario, which implies that the instrument may rebound from the support level and resume growing with the target at 0.9000.
  12. Ichimoku Cloud Analysis 13.04.2020 (BTCUSD, USDRUB, XAUUSD) FROM RFXSIGNALS 13.04.2020 BTCUSD, “Bitcoin vs US Dollar” BTCUSD is trading at 6673.00; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test the cloud’s downside border at 6725.00 and then resume moving downwards to reach 5625.00. Another signal to confirm further descending movement is the price’s rebounding from the neckline of a Head & Shoulder pattern. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 7105.00. In this case, the pair may continue growing towards 7605.00 without completing the reversal pattern. After breaking the rising channel’s downside border and fixing below 6255.00, the price may resume moving downwards. USDRUB, “US Dollar vs Russian Ruble” USDRUB is trading at 73.79; 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 74.35 and then resume moving downwards to reach 68.75. 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 77.55. In this case, the pair may continue growing towards 78.25. XAUUSD, “Gold vs US Dollar” XAUUSD is trading at 1683.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1670.00 and then resume moving upwards to reach 1735.00. 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 1645.00. In this case, the pair may continue falling towards 1595.00.
  13. Fibonacci Retracements Analysis 13.04.2020 (GOLD, USDCHF) FROM RFXSIGNALS 13.04.2020 XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD is forming a mid-term ascending wave towards the local high at 1703.17. If the pair breaks this level, it may reach 76.0% fibo at 1708.85. At the same time, the key upside targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively. After testing this area, the price may correct downwards and then attack the all-time high at 1920.66. The support remains at 1451.18. In the H1 chart, there is a divergence within the uptrend, which may indicate a new pullback soon. The short-term support is 76.0% fibo at 1642.68. USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, the previous ascending wave has failed to break the local high at 0.9901 and reach 76.0% fibo at 0.9982. At the moment, USDCHF is falling and may form a Triangle pattern. However, the key target of the current movement is 61.8% fibo at 0.9453. In the H1 chart, the divergence made the pair start a new decline, which is currently slowing down at 50.0% fibo due to a convergence om MACD indicating a possible reversal. However, as long as there is no “Golden Cross” on MACD, the instrument may yet continue trading downwards to reach 61.8% fibo at 0.9615. The resistance is at 0.9797.
  14. EURUSD is looking for drivers. Overview for 13.04.2020 FROM RFXSIGNALS 13.04.2020 The major currency pair is rather neutral at the beginning of a new April week, but the Euro is looking stronger. The Euro is stable against the USD early in another week of April. The current quote for the instrument is 1.0945. Today’s economic calendar is empty as most of the Catholic countries still have Easter holidays. It means that it’s high time to analyze what is happening right now and make predictions for the future. For example, the CBA (Commonwealth Bank of Australia) believes that global economic and monetary measures that should be taken by the Euro Area might quickly set the region’s economy on its feet. Among other things, it includes the ESM: those European countries that suffered most from the coronavirus pandemic and its consequences will get more help with the credit line. It means that there won’t be any problems with liquidity in Europe, so the region’s economies might recover quite quickly. At the same time, the US Federal Reserve also doesn’t sit idle. Last week, the American regulator announced a program to support small and medium enterprises in the amount of 2.3 trillion USD in addition to other programs announced earlier, such as the QE, low interest rates, and expansion of Dollar liquidity. Moreover, the White House drew attention to the fact the coronavirus outbreak might be slowing down. In global terms, investors’ sentiment all over the world is getting better, and that’s a good signal for the Euro.
  15. Murrey Math Lines 10.04.2020 (EURUSD, GBPUSD) FROM RFXSIGNALS 10.04.2020 EURUSD, “Euro vs. US Dollar” In the H4 chart, EURUSD is trading above 1/8. In this case, the pair may continue growing towards 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling to reach the support at 0/8. 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 the ascending tendency. GBPUSD, “Great Britain Pound vs US Dollar” In the H4 chart, GBPUSD is moving at 3/8. The main scenario implies that the pair is expected to break this level and then continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may continue falling to reach the support at 1/8. 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.
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