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10.04.2020

GBP/USD: wave analysis

The pair is in a correction, a fall is possible.

On the daily chart, the third wave of the higher level (3) of V develops, within which an upward correction forms as the wave 4 of (3). Now, the wave c of 4 is developing. If the assumption is correct, after the end of the correction, the pair will fall to the levels of 1.1177–1.0687. In this scenario, critical stop loss level is 1.2738.

EUR/USD: wave analysis

The pair may grow.

On the 4-hour chart, the third downward wave of the higher level 3 develops, within which the first wave i of 3 formed. Now, an upward correction is developing as the second wave ii of 3, within which the wave (b) of ii has formed, and the wave (c) of ii is developing. If the assumption is correct, the pair will grow to the levels of 1.1170–1.1241. In this scenario, critical stop loss level is 1.0768.

09.04.2020

USD/CHF: wave analysis

The probability of the pair reducing remains.

On the daily chart, the third wave of the higher level (3) is developing, as part of which the wave 3 of (3) is forming. Currently, the development of local correction as the second wave of the lower level ii of 3 has completed and the formation of wave iii of 3 has begun, as part of which the local correction (ii) of iii has completed. If the assumption is correct, the decline of the pair will continue to the levels of 0.9167–0.9000. The level of 0.9803 is critical and stop-loss for this scenario.

AUD/USD: wave analysis

The pair is in correction; the probability of growth is maintained.

On the daily chart, the downtrend continues to develop as a wave of the higher level (C), as part of which a wave of 3 of (C) has formed. At the moment, local correction is developing as the fourth wave 4 of (C), as part of which the wave c of 4 is developing. If the assumption is right, the growth of the pair will continue to the levels of 0.6457–0.6682. The level of 0.5985 is critical and stop-loss for this scenario.

08.04.2020

NZD/USD: technical analysis

On the H4 chart, a lateral trend has formed. The instrument is trading in the narrow channel formed by the lines of Bollinger Bands; the indicator cloud is narrowed, the preservation of the lateral trend is possible in the short term. MACD histogram is close to the zero level, keeping the minimum volumes; the signal line is moving horizontally without generating a signal to enter the market. Stochastic is in the neutral zone, and the lines of the oscillator are directed downwards. The signal to open short positions remains.

USD/CAD: wave analysis

The pair is in a correction, a fall is possible.

On the 4-hour chart, the third wave of the higher level (3) develops, within which the first wave 1 of (3) formed. Now, a downward correction is developing as the second wave 2 of (3), within which the wave of the lower level a of 2 is forming. If the assumption is correct, the pair will fall to the levels of 1.3788–1.3598. In this scenario, critical stop loss level is 1.4260.

USD/JPY: wave analysis

The pair may fall.

On the 4-hour chart, the development of the downward wave (C) of the higher level started, within which the first entry wave of the lower level i of 1 of (C) formed, and the local correction ii of 1 of (C) developed. Now, the formation of the wave iii of 1 has started, within which the wave (i) of iii is developing. If the assumption is correct, the pair will fall to the levels of 101.08–98.73. In this scenario, critical stop loss level is 111.76.

07.04.2020

AUD/USD: technical analysis

On the H4 chart, an uptrend is forming. The instrument left the side channel formed by the boundaries of Bollinger Bands, breaking up its upper boundary from below. The indicator cloud is expanding, which indicates the probable preservation of the growth in the short term. MACD histogram is near the zero level, and its volumes are minimal. The signal line is moving horizontally without forming a clear signal to enter the market. Stochastic is in the overbought zone and its lines are directed horizontally.

GBP/USD: wave analysis

The probability of the pair reducing remains.

On the 4-hour chart, the development of the third wave of the higher level (3) of V continues. At the moment, a downward impulse has been formed as the third wave of the lower level 3 of (3) and the development of local correction as the wave 4 of (3), which reached the Fibonacci level of 62%, and the wave 5 of (3) begins forming. If the assumption is correct, the pair may continue to fall to the levels of 1.1177–1.0687. The level of 1.2500 is critical and stop-loss for this scenario.

EUR/USD: wave analysis

The pair may grow.

On the H4 chart, the development of the downward correction of the higher level continues, as part of which the third wave 3 is forming. At the moment, the first wave of the lower level i of 3 is formed and the development of the upward correction continues as the second wave ii of 3, in which the formation of wave (b) of ii has completed. If this assumption is correct, it is logical to expect the pair to grow within wave (c) of ii to the levels of 1.1170–1.1241. The level of 1.0632 is critical and stop-loss for this scenario.