Forex forecasts and market outlooks

High-quality Forex forecasts and financial market reviews from professional analysts are added daily!

Clients of the Tifia broker get exclusive access to high-quality materials from independent analytical agency Claws&Horns in their Client Cabinet: technical and fundamental market analysis, Forex economic event calendar, currency, stock, index and cryptocurrency forecasts, trading indicators signals and much more.

10.12.2019

Ni225: technical analysis

On the 4-hour chart, a sideways trend is observed, the instrument moves within the channel formed by the boundaries of Bollinger bands, the price range is narrowed. The MACD histogram is in the positive zone, while maintaining a moderate signal to open long positions. Stochastic is in the neutral zone, the oscillator lines reversed upwards from the border with the oversold zone.

GBP/USD: wave analysis

The pair may grow.

On the 4-hour chart, the first wave 1 develops within the started third wave (3) of the higher level. Now, a downward correction has ended as the wave iv of 1, and the fifth wave v of 1 develops, within which the third wave of the lower level (iii) of v is forming. If the assumption is correct, the pair will grow to the levels of 1.3275–1.3387. In this scenario, critical stop loss level is 1.3026.

EUR/USD: wave analysis

The pair may grow.

On the 4-hour chart, the first wave of the higher level 1 of (1) of 3 develops, within which the formation of the third wave iii of 1 started. Now, the first entry wave (i) of iii has formed, and the local correction (ii) of iii has ended. If the assumption is correct, the pair will grow to the levels of 1.1176–1.1252. In this scenario, critical stop loss level is 1.0981.

GBP/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (142.81). One of the previous maximums of Chikou Span line is expected to be a resistance level (143.10).

CAD/CHF: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (0.7464). The closest resistance level is Tenkan-sen line (0.7470).

AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud is descending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (74.20). The closest resistance level is the lower border of the cloud (74.35).

09.12.2019

EUR/NZD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (1.6860). The closest resistance level is Kijun-sen line (1.6920).

CAD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud is ascending. The instrument has entered the cloud. Borders of the cloud serve as the closest support (81.94) and resistance (82.23) levels

GBP/CAD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the blue line is directed upwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (1.7374). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7451).

USD/CHF: wave analysis

The pair may fall.

On the daily chart, an upward correction of the higher level developed as the second wave ii of 1 of (3), and the third wave iii of 1 of (3) forms. Now, the local correction of the lower level (ii) of iii has ended, and the formation of the wave (iii) of iii has begun, within which an entry momentum has formed as the wave i of (iii). If the assumption is correct, after the end of the correction ii of (iii), the pair will fall to the levels of 0.9717–0.9656. In this scenario, critical stop loss level is 1.0022.