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20.11.2019

USD/CHF: Murrey analysis

For the third month, the chart of the instrument has been forming a “triangle” figure, and this process is not expected to be completed in the near future. Last week, the price reversed in the middle of the Murrey trading range (0.9887) and now seeks to break above the level of 0.9918 ([5/8], the middle line of Bollinger bands).

18.11.2019

USD/CHF: wave analysis

The pair may fall.

On the 4-hour chart, an upward correction of the higher level formed as the second wave ii of 1, and the formation of the third wave iii of 1 started. Now, the first wave (i) of iii has formed as a diagonal, the local correction (ii) of iii has ended, and the development of the wave (iii) of iii has started. If the assumption is correct, the pair will fall to the levels of 0.9717–0.9656. In this scenario, critical stop loss level is 0.9980.

15.11.2019

AUD/USD: technical analysis

On the H4 chart, the instrument is trading in the lower part of Bollinger Bands. The indicator is pointing down, and the price range has expanded, indicating a continuation of the downtrend. MACD histogram is in the negative zone keeping a strong sell signal. Stochastic is approaching the overbought zone, a sell signal can be formed within 1-2 days.

USD/CAD: wave analysis

The pair is in a correction and may grow.

On the 4-hour chart, a downward correction of the higher level formed as the wave ii of 1 of (3), and the development of the third wave iii of 1 of (3) started. Now, the first wave of the lower level (i) of iii has formed, and the development of the local correction (ii) of iii has started. If the assumption is correct, after the end of the correction, the pair will grow to the levels of 1.3349–1.3450. In this scenario, critical stop loss level is 1.3041.

USD/JPY: wave analysis

The pair may grow.

On the 4-hour chart, the third wave iii within the first wave of the higher level 1 of (C) develops. Now, the first wave of the lower level (i) of iii of 1 has formed, the local correction has ended as the wave (ii) of iii, and the development of the wave (iii) of iii has started. If the assumption is correct, the pair will grow to the levels of 110.50–111.00. In this scenario, critical stop loss level is 107.86.

14.11.2019

NZD/USD: technical analysis

On the 4-hour chart, an uptrend is forming. The instrument is trading near the upper border of Bollinger bands, a downward correction is observed, the indicator cloud is greatly expanded, which indicates a likely resumption of growth at the end of the correction. The MACD histogram is in the positive area, the signal line of the indicator crosses the zero the level of and the histogram body upwards, forming a signal to open long orders. Stochastic is in the neutral zone, the oscillator lines are pointing downwards.

USD/CHF: technical analysis

On the H4 chart the instrument is trading in the lower part of Bollinger Bands. The key support level is the lower border of the indicator, the breakdown of which will facilitate the instrument reduction to the range of 0.9840–0.9795. The indicator is directed downwards, and the price range has expanded, which indicates the continuation of the downtrend. MACD is keeping a strong sell signal. Stochastic is correcting in the neutral area; the signal to open positions is not formed.

GBP/USD: wave analysis

The pair may grow.

On the 4-hour chart, a downward correction of the higher level developed as the wave (2), and the formation of the third wave (3) started. Now, the first wave of the lower level 1 of (3) is forming, within which the third wave of the lower level iii of 1 has formed, and a downward correction has ended as the wave iv of 1. If the assumption is correct, the pair will grow within the wave v of 1 to the levels of 1.3167–1.3387. In this scenario, critical stop loss level is 1.2764.

EUR/USD: wave analysis

The correction ends, the pair may grow.

On the 4-hour chart, a downward correction of the higher level developed as the wave 2, within which the fifth wave 5 of (C) of 2 formed. Now, the first wave of the lower level i of 1 of (1) of 3 has formed, and the development of the downward correction as the wave ii of 1 is ending, which has reached the correctional level of 62%. If the assumption is correct, the pair will grow within the wave iii of 1 to the levels of 1.1281–1.1403. In this scenario, critical stop loss level is 1.0878.