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03.08.2020

NZD/USD: technical analysis

On the 4-hour chart, the sideways trend remains. The instrument is trading between the lower border and the middle line of Bollinger bands, the indicator cloud is expanding, the formation of a downtrend is likely in the short term. The MACD histogram is around in ​​the zero line, its volumes are minimal, the signal line is directed horizontally and does not form a definite signal to enter the market. Stochastic crosses the border of the oversold zone downwards, the signal to open short positions remains.

EUR/USD: wave analysis

The pair may grow.

On the 4-hour chart, the first wave of the higher level 1 of (3) develops, within which the wave iii of 1 forms. Now, the fifth wave of the lower level (v) of iii is developing, within which the wave iii of (v) has formed, and a local correction is developing as the fourth wave iv of (v). If the assumption is correct, the pair will grow to the levels of 1.2000–1.2200. In this scenario, critical stop loss level is 1.1692.

31.07.2020

USD/CHF: wave analysis

The pair may fall.

On the daily chart, the third wave of the higher level (3) develops, within which the wave 1 of (3) forms. Now, the fifth wave of the lower level v of 1 is developing, within which the wave (iii) of v is forming. If the assumption is correct, the pair will fall to the levels of 0.8950–0.8800. In this scenario, critical stop loss level is 0.9212.

AUD/USD: wave analysis

The pair may grow.

On the 4-hour chart, the first wave of the higher level (1) of C develops, within which the fifth wave 5 of (1) forms. Now, the development of the third wave of the lower level iii of 5 is ending, within which the wave (v) of iii has formed. If the assumption is correct, after the end of the correction iv of 5, the pair will grow to the levels of 0.7300–0.7400. In this scenario, critical stop loss level is 0.7061.

30.07.2020

USD/CHF: technical analysis

On the H4 chart, a strong downtrend has formed. The instrument is decreasing along the lower border of the Bollinger Bands; an upward correction is observed, the indicator cloud is expanding; the decline is likely to resume in the short term after the correction is completed. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is crossing the oversold zone from above, keeping a signal to open short positions.

USD/CAD: wave analysis

The pair may fall.

On the daily chart, the wave (B) of the higher level develops, and the formation of the downward wave (C) started. Now, the first wave of the lower level 1 of (C) is developing, within which the wave v of 1 is forming. If the assumption is correct, the pair will fall to the levels of 1.3250–1.3100. In this scenario, critical stop loss level is 1.3440.

USD/JPY: wave analysis

The pair may grow.

On the 4-hour chart, a downward correction of the higher level developed as the wave 2 as a double zigzag wxy, within which the wave y of 2 formed. Now, the wave (c) of y of 2 has developed, within which the fifth wave of the lower level v of (c) has formed. If the assumption is correct, the pair will grow to the levels of 106.10–106.41. In this scenario, critical stop loss level is 104.75.

29.07.2020

NZD/USD: technical analysis

On the H4 chart, a lateral trend is forming. The instrument is consolidating at the center line of the Bollinger Bands; the indicator cloud is narrowed and it is likely that lateral trend will persist in the short term. MACD histogram is in the positive area; a signal for opening buy orders persists. Stochastic is in the neutral zone, and the lines of the oscillator reversed upwards from the boundary of the oversold area. The signal to open long positions remains.

GBP/USD: wave analysis

The pair may grow.

On the 4-hour chart, the third wave of the higher level (3) develops, within which the wave 3 of (3) forms. Now, the third wave of the lower level iii of 3 is developing, within which the wave (iii) of iii is forming. If the assumption is correct, the pair will grow to the levels of 1.3150–1.3300. In this scenario, critical stop loss level is 1.2763.

EUR/USD: wave analysis

The pair may grow.

On the 4-hour chart, the first wave of the higher level 1 of (3) develops, within which the wave iii of 1 forms. Now, the fifth wave of the lower level (v) of iii is developing, within which the wave iii of (v) is forming. If the assumption is correct, the pair will grow to the levels of 1.1850–1.1900. In this scenario, critical stop loss level is 1.1622.