DAILY FREE FOREX SIGNALS FROM RFXSIGNALS – | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

pipstealer

Master Trader
Jan 21, 2012
102
0
47
DAILY FREE FOREX SIGNALS FROM RFXSIGNALS – 11-03-2020 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호
USDJPY SELL – 104.086
SL-105.212
TP1-103.751
TP2-103.404

EURUSD BUY – 1.13551
SL-1.12828
TP1-1.13902
TP2-1.14282

CADJPY SELL-75.938
SL-76.598
TP1-75.656
TP2-75.408

EURCAD BUY – 1.55793
SL-1.54941
TP1-1.56105
TP2-1.56471

NZDUSD BUY -0.62963
SL-0.62554
TP1-0.63120
TP2-0.63292

CHFJPY SELL-111.621
SL-112.352
TP1-111.348
TP2-111.069

NZDJPY SELL-65.542
SL-66.159
TP1-65.320
TP2-65.063

GBPCAD BUY -1.77396
SL-1.76575
TP1-1.77673
TP2-1.78011

USDCHF SELL -0.93244
SL-0.93848
TP1-0.92968
TP2-0.92659

GBPCHF SELL – 1.20571
SL-1.21466
TP1-1.20264
TP2-1.19952

GBPJPY SELL -134.651
SL-136.077
TP1-134.305
TP2-133.974

GBPUSD SELL -1.28696
SL-1.29617
TP1-1.28327
TP2-1.27892

AUDCAD BUY -0.89427
SL-0.89025
TP1-0.89616
TP2-0.89805

GBPAUD SELL – 1.97703
SL-1.98647
TP1-1.97356
TP2-1.97024
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Ichimoku Cloud Analysis 11.03.2020 (EURUSD, BTCUSD, USDCAD)
11.03.2020
EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1349; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1345 and then resume moving upwards to reach 1.1585. Another signal to confirm further ascending movement is the price’s rebounding from the ascending trendline. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.0995. In this case, the pair may continue falling towards 1.0875.
EURUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 78160.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 8865.00 and then resume moving downwards to reach 6995.00. 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 8925.00. In this case, the pair may continue growing towards 9605.00.
BTCUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3711; 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 1.3615 and then resume moving upwards to reach 1.3925. 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 1.3540. In this case, the pair may continue falling towards 1.3465.
USDCAD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Murrey Math Lines 10.03.2020 (AUDUSD, NZDUSD)
10.03.2020
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is consolidating. In this case, the pair is expected to test 3/8, rebound from it, and then start a new uptrend to reach 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.
AUDUSD_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Unfortunately. It’s impossible to confirm the main scenario in the M15 chart, as the upside line of the VoltyChannel indicator is pretty high above. That’s why, it’s better to wait for the price to break the downside line, which may signal a decline towards 1/8 from the H4 chart.
AUDUSD_M15

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”
In the case of NZDUSD, the situation is quite similar. As we can see in the H4 chart, the pair is also expected to test 3/8, rebound from it, and resume growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. In this case, the instrument may continue falling towards the support at 1/8.
NZDUSD_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
NZDUSD_M15

Risk Warning: the result of previous trading operations do not guarantee the same results in the future
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Ichimoku Cloud Analysis 10.03.2020 (GBPUSD, XAUUSD, USDCAD)
10.03.2020
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.3045; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2975 and then resume moving upwards to reach 1.3315. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.2780. In this case, the pair may continue falling towards 1.2675.
GBPUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1656.00; 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 1625.00 and then resume moving upwards to reach 1720.00. 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 1605.00. In this case, the pair may continue falling towards 1575.00.
GOLD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3623; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3565 and then resume moving upwards to reach 1.3845. 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 1.3305. In this case, the pair may continue falling towards 1.3210.
USDCAD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Japanese Candlesticks Analysis 10.03.2020 (EURUSD, USDJPY, EURGBP)
10.03.2020
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, the pair continues growing. By now, EURUSD has completed several reversal candlestick patterns, such as Shooting Star, close to the resistance level. Right now, the pair is still reversing. We may assume that later the price may move to reach 1.1250. However, one shouldn’t exclude a possibility that the price may continue growing without any pullbacks towards 1.1250.
EURUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, the fundamental background made USDJPY fall. After testing the support level, the price has formed several reversal patterns, including Hammer. Right now, the pair is reversing. The current situation implies that the price may grow to reach 107.10. At the same time, the pair may choose another scenario, according to which the instrument is expected to continue falling towards 101.20 after a slight correction.
USDJPY

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURGBP, “Euro vs. Great Britain Pound”
As we can see in the H4 chart, after testing the resistance level again, EURGBP has formed several reversal patterns, such as Shooting Star. Right now, the pair is reversing. At the moment, we may assume that later the market may form a new pullback towards 0.8645. However, one shouldn’t exclude an opposite scenario, which implies that the instrument may continue the rising tendency with the target at 0.8800.
EURGBP

Risk Warning: the result of previous trading operations do not guarantee the same results in the future
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
The Aussie is quite unsteady. Overview for 10.03.2020
10.03.2020
Yesterday, AUDUSD updated its all-time lows; later it managed to recover a little bit, but still remains under pressure.
On Tuesday morning. the Australian Dollar recovered a bit against the USD but is still looking very insecure. The current quote for the instrument is 0.6550.
Yesterday, the Aussie updated its all-time lows against the USD and tested 0.6310 – is seems like the national currency has never been so cheap. This decline is the result of financial panic that “flooded” global markets yesterday. After the collapse of OPEC+ and considering the lack of any distinct economic prospects relating to the oil extraction, investors all over the world started avoiding risks and switching to “safe haven” assets. As a result, the Aussie got under pressure, just like a lot of other traded currencies.
By now, AUDUSD has recovered a little bit but the long-term downtrend is still dominating.
The statistics published in the morning showed that the NAB Business Confidence in Australia dropped to -4 points in February after being -1 point in the previous month. However, it was difficult to expect any different after forest fires this winter and the current coronavirus outbreak.
As for the numbers from China, the CPI showed 5.2% y/y in February, the same as expected, after being 5.4% y/y the month before.
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Fibonacci Retracements Analysis 10.03.2020 (EURUSD, USDJPY)
10.03.2020
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the convergence on MACD made EURUSD start a quick and steady growth. By now, the pair has reached 38.2% fibo and may later start a new pullback. The next upside targets may be 50.0% and 61.8% fibo at 1.1665 and 1.1874 respectively. The key support is the low at 1.0777.
EURUSD_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H4 chart, the pair is approaching 23.6% fibo at 1.1325. The next downside target may be 38.2% and 50.0% fibo at 1.1221 and 1.1136 respectively. The resistance is the high at 1.1495.
EURUSD_H1

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the daily chart, after breaking a significant low at 104.45 and testing the post-correctional extension area between 138.2% and 161.8% between 101.50 and 99.64 respectively, USDJPY has returned to the low again.
USDJPY_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is correcting after a descending impulse. The price is heading towards 38.1% fibo at 105.40 and may continue moving towards 50.0% fibo at 106.72. if the price breaks the support at 101.18, the mid-term downtrend will continue.
USDJPY_H1
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Forex Technical Analysis & Forecast 10.03.2020
10.03.2020
EURUSD, “Euro vs US Dollar”
EURUSD has completed the ascending structure at 1.1494; right now, it is falling. Possibly, the pair may break 1.1353 and then continue trading downwards with the short-term target at 1.1230. After that, the instrument may form one more ascending structure to reach 1.11366 and then start a new decline towards 1.1215.
EURUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”
After reaching 1.3199, GBPUSD has finished the ascending wave; right now, it is moving downwards. Possibly, the pair may fall to break 1.3044 and then continue falling with the short-term target at 1.2936.
GBPUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”
After finishing перу descending wave at 0.9177, USDCHF is trading upwards with the short-term target at 0.9440. Later, the market may correct to reach 0.9318 and then start a new growth towards 0.9460.
USDCHF

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards with the target at 104.40. After that, the instrument may start another correction towards 103.17 and then form one more ascending structure with the first target at 105.25.
USDJPY

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”
After finishing the ascending impulse at 0.6670, AUDUSD is correcting towards 0.6456. Later, the market may resume trading upwards to break 0.6616 and then continue growing with the target at 0.6750.
AUDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”
In the case of USDRUB, there was a gap in the morning and the pair reached 75.20. Due to slumping oil prices, the instrument is not traded by the regulator’s order. After the market opening, the price may fall towards 68.18.
USDRUB

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”
Due to a gap to the upside in the morning, USDCAD has reached its first upside target at 1.3755. Today, the pair may form a new descending structure to break 1.3535 and then continue the correction with the short-term target at 1.3444.
USDCAD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”
Gold is forming the first descending impulse towards 1655.44. After that, the instrument may form one more ascending structure towards 1680.00, thus forming a new consolidation range between these two levels. According to the main scenario, the pair is expected to continue falling with the first target at 1602.00.
GOLD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT
Due to a gap to the downside, Brent has reached the target at 31.40; right now, it is growing with the short-term target at 39.05. After that, the instrument may correct towards 36.36 and then start a new growth with the first target at 41.71.
BRENT

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is growing towards 8100.00. Later, the market may correct to reach 7855.00, thus forming a new consolidation range between these two levels, the main scenario implies that the instrument may break the range to the upside and start a new growth with the target at 8600.00.
BTCUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

https://web.whatsapp.com/send?text=Forex%20Technical%20Analysis%20%26%20Forecast%2010.03.2020%20http%3A%2F%2Frfxsignals.com%2Fforex-technical-analysis-forecast-10-03-2020forex-technical-analysis-forecast-10-03-2020%2F
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
EURUSD is correcting. Overview for 10.03.2020
10.03.2020
After updating its multi-month highs again, the major currency pair switched to an expected correction.
The Euro is correcting against the USD on Tuesday morning. The current quote for the instrument is 1.1360.
It’s quite interesting that financial panic that “flooded” global markets yesterday supported the major currency pair, which was testing 1.15. A quick spread of the Chinese coronavirus in Italy, one of the most financially troubled countries in Europe, doesn’t scare Euro investors and that’s, to put it mildly, quite unusual.
The statistics published yesterday were not too positive. The Sentix Investor Confidence dropped to 17.1 points in March after being 5.2 points before. The report turned out to be an excellent indication of what is happening in the Area’s financial system.
The German Industrial Production added 3.0% m/m in January after losing 2.2% m/m in December and against the expected reading of +1.7% m/m. A good report.
Later in the evening, market players will watch, if they calm down a bit, of course, the January Industrial Production reports from Italy and France. Another thing worth paying attention to is the revised GDP of the Euro Area for the first quarter of 2020, which may show +0.1% q/q.
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Ichimoku Cloud Analysis 11.03.2020 (EURUSD, BTCUSD, USDCAD)
11.03.2020
EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1349; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1345 and then resume moving upwards to reach 1.1585. Another signal to confirm further ascending movement is the price’s rebounding from the ascending trendline. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.0995. In this case, the pair may continue falling towards 1.0875.
EURUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 78160.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 8865.00 and then resume moving downwards to reach 6995.00. 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 8925.00. In this case, the pair may continue growing towards 9605.00.
BTCUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3711; 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 1.3615 and then resume moving upwards to reach 1.3925. 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 1.3540. In this case, the pair may continue falling towards 1.3465.
USDCAD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future








 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Forex Technical Analysis & Forecast 17.03.2020
17.03.2020
EURUSD, “Euro vs US Dollar”
After forming the ascending structure towards the upside border of the consolidation range at 1.1230, EURUSD has finished another descending impulse along with the correction. Today, the pair may fall towards 1.1050 and then start a new correction with the target at 1.1140.
EURUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.2282 to the downside. Possibly, today the pair may fall towards 1.2150 and then grow to reach 1.2284, thus forming a new consolidation range. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.1950; if to the upside – start a new correction towards 1.2444.
GBPUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating around 0.9457. Today, the pair may form onу more ascending wave towards 0.9522. Later, the market may start a new decline to return to 0.9457 and then resume trading upwards with the target at 0.9580.
USDCHF

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 106.42. Possibly, today the pair may grow to reach 107.94. After that, the instrument may form a new descending structure towards 106.50 and then start another growth with the target at 108.70.
USDJPY

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD continues falling. Today, the pair may reach 0.6056 and then resume growing with the target at 0.6170.
AUDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 74.47. Possibly, today the pair may expand the range up to 76.00. Later, the market may resume trading downwards with the target at 72.05.
USDRUB

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is moving upwards. Today, the pair may reach 1.4046 and then start a new correction towards 1.3915. After that, the instrument may resume trading upwards with the target at 1.4200.
USDCAD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”
After reaching another short-term downside target at 1461.50, Gold has completed the ascending impulse towards 1519.00 along with the correction at 1485.70; right now, it is consolidating around 1500.50. If later the price breaks this range to the upside, the market may correct towards 1550.75; if to the downside – resume trading inside the downtrend with the target at 1400.00.
GOLD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT
Brent continues falling; it has broken 31.00. According to the main scenario, the price may reach 27.98 and then start another correction to return to 31.00. Later, the market may resume trading downwards with the first target at 25.05.
BRENT

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

FOREX SIGNALS forexsignals
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Ichimoku Cloud Analysis 17.03.2020 (BTCUSD, XAUUSD, NZDUSD)
17.03.2020
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 5273.00; 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 5445.00 and then resume moving downwards to reach 2655.00. 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 6825.00. In this case, the pair may continue growing towards 7605.00. After breaking the Triangle’s downside border and fixing below 3865.00, the price may resume moving downwards.
BITCOIN

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1487.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1505.00 and then resume moving downwards to reach 1375.00. Another signal to confirm further descending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1555.00. In this case, the pair may continue growing towards 1605.00.
GOLD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6029; 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 0.6045 and then resume moving downwards to reach 0.5875. 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 0.6155. In this case, the pair may continue growing towards 0.6225.
NZDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future


 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
The Euro continues its slow recovery. Overview for 17.03.2020
17.03.2020
The major currency pair is “gaining a bit weight” on Tuesday morning amid another financial meltdown.
On Tuesday morning, EURUSD is slowly rising. The current quote for the instrument is 1.1176.
It was very hot on stock markets yesterday. First of all, investors didn’t like the Fed’s decision to cut the benchmark rate, which was reduced down to zero. At the same time, the regulator announced another buyout of securities.
Also, on Monday, US President Donald Trump said that he didn’t exclude a possibility of the recession in the country’s economy and assumed that the coronavirus pandemic might last at least until the midsummer.
The waters were smoothed by the Trump administration. According to the Markets Insider, the heart of Trump’s plan is a suspension of payroll taxes that would last until the end of the year and cost over $800 billion, according to estimates.
The latest statistics didn’t make any good. The Empire State Manufacturing Index plummeted to -21.5 points in March after being 12.9 points in the previous month. The report is minor but it perfectly describes a possible economic situation in the nearest future.
Today, one should pay attention to the Retail Sales in the USA in February, which may add 0.2% m/m after expanding by 0.3% m/m in January.
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Japanese Candlesticks Analysis 17.03.2020 (USDCAD, AUDUSD, USDCHF) from rfxsignals
17.03.2020
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, the pair continues growing and updating its highs; it has formed an Engulfing reversal pattern close to the resistance level. Right now, USDCAD is expected to start reversing; the downside target is at 1.3850. The current situation implies that after completing a pullback the price may resume growing towards 1.4090. At the same time, one shouldn’t exclude an opposite scenario, according to which the instrument may continue growing without forming a correction towards 1.3850.
USDCAD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, the pair continues the descending tendency. After completing a Hammer reversal pattern near the support level, AUDUSD is reversing. Later, the price may complete a correction at 0.6169 and then resume trading downwards. Still, the instrument may choose a different scenario and continue falling towards 0.5940 without any corrections.
AUDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, the pair is testing the descending channel’s upside border; by now, USDCHF has formed several reversal patterns, such as Shooting Star, near the resistance level. The current situation suggests that the pair may reverse and then continue the descending tendency with the target at 0.9243. However, one shouldn’t ignore another scenario, according to which the instrument may return to 0.9530.
USDCHF

Risk Warning: the result of previous trading operations do not guarantee the same results in the future
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Murrey Math Lines 17.03.2020 (AUDUSD, NZDUSD)
17.03.2020
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is moving below 3/8. In this case, the pair is expected to break 2/8 and then continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.
AUDUSD_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
AUDUSD_M15

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is moving inside the “oversold area”. In this case, the pair is expected to break 0/8 and then continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks -2/8. After that, the lines in the chart will be redrawn, thus indicating new downside targets.
NZDUSD_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
NZDUSD_M15

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
The Yen remains flexible. Overview for 17.03.2020 from rfxsignals
17.03.2020
USDJPY is growing on Tuesday morning; however, investors’ demand in the Yen as a “safe haven” asset is still here.
On Tuesday morning, the Japanese Yen is retreating against the USD. The current quote for the instrument is 106.51.
Yesterday, the Bank of Japan decided to expand its easy monetary policy to help the country’s economy fight the consequences of the coronavirus spread and its influence on global economies all over the world. The Japanese regulator made a decision to loosen its monetary policy even more by applying different tools and mechanisms, from buying government bonds to providing liquidity in American dollars.
Moreover, policymakers also introduced a new operation to provide loans against corporate debt as collateral at the interest rate of 0% with maturity up to 1 year.
The core QE program remained unchanged at ¥2T; it will continue at least until September 2020.
The regulator believes that both external and internal financial conditions became less advantageous due to the Covid-19 outbreak. Uncertainty in the global economy remains high, thus making the economic activity weaker.
The BoJ is another large central bank that actively participates in helping global financial conditions reach stability. Meanwhile, the Yen is being used by market players as usual when it is necessary, as a “safe haven” asset.
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Fibonacci Retracements Analysis 17.03.2020 (EURUSD, USDJPY) from rfxsignals
17.03.2020
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, after reaching 38.2% fibo, EURUSD has started a new correction to the downside. If the pair fails to break the low at 1.0777, the next rising wave may reach 50.0% and 61.8% fibo at 1.1665 and 1.1875 respectively. The key support is the low at 1.0777.
EURUSD_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows more detailed structure of the current correction. After reaching 61.8%, the pair is trading sideways. The next downside wave may reach 76.0% fibo at 1.0949. The resistance is the high at 1.1495.
EURUSD_H1

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the daily chart, after testing the post-correctional extension area between 138.2% and 161.8% between 101.48 and 99.66 respectively, USDJPY has quickly rebounded for a new correction or a trend reversal. To confirm the trend reversal, the price must break the key resistance at 112.23.
USDJPY_D1

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H4 chart shows a rising correction after a descending impulse. The price has already reached 61.8% fibo and may continue moving towards 76.0% fibo at 109.59. If the price breaks the latter level, the instrument may continue growing to reach the high at 112.23. The support is at 101.18.
USDJPY_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Murrey Math Lines 18.03.2020 (USDJPY, USDCAD) from rfxsignals
18.03.2020
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is consolidating. It has already rebounded from 5/8 and right now is expected to continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue trading upwards to reach the resistance 6/8.
USDJPY_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 3/8 from the H4 chart.
USDJPY_M15

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, the pair is moving above 5/8. In this case, USDCAD may rebound from 6/8 and then resume growing towards the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 6/8 to the downside. After that, the instrument may correct downwards to reach the support 5/8.
USDCAD_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.
USDCAD_M15
 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Forex Technical Analysis & Forecast 18.03.2020 from rfxsignals
18.03.2020
EURUSD, “Euro vs US Dollar”
After forming the second descending impulse at 1.0954, EURUSD is correcting to reach 1.1044. After that, the instrument may resume falling to break 1.1005 and then continue trading downwards with the target at 1.0930.
EURUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues falling towards 1.1940. Possibly, the pair may reach this level and then start consolidating near the lows. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.1810; if to the upside – start a new correction towards 1.2444.
GBPUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed the ascending structure at 0.9650; right now, it is correcting towards 0.9555. Later, the market may start a new growth with the target at 0.9700.
USDCHF

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”
After finishing the ascending structure to 107.77, USDJPY is correcting towards 106.44. After that, the instrument may resume trading upwards with the short-term target at 108.20.
USDJPY

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the descending structure at 0.5964; right now. it is correcting to reach 0.6065. After that, the instrument may start a new decline with the target at 0.5888.
AUDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 74.47. Possibly, today the pair may expand the range up to 76.00. Later, the market may resume trading downwards to reach 73.30 and then start another growth with the target at 77.38.
USDRUB

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”
After completing the ascending wave at 1.4275, USDCAD is consolidating above 1.4180. Today, the pair may break this level to the downside and start a new correction with the target at 1.4082.
USDCAD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”
Gold has completed the second ascending impulse at 1550.70. Possibly, today the pair may fall to reach 1501.55 and then resume trading upwards with the target at 1566.60. Later, the market may form a new descending structure towards 1440.00.
GOLD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT
Brent continues falling with the target at 27.90. According to the main scenario, the price may reach this level and then start another correction to test 32.00 from below. Later, the market may resume trading downwards with the target at 25.05.
BRENT

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is consolidating around 5100.00. Possibly, today the pair may expand the range up to 5800.00 and then form a new descending structure to break 4800.00. After that, the instrument may continue falling with the target at 3900.00.
BITCOIN

Risk Warning: the result of previous trading operations do not guarantee the same results in the future


 

pipstealer

Master Trader
Jan 21, 2012
102
0
47
Japanese Candlesticks Analysis 18.03.2020 (EURUSD, USDJPY, EURGBP)
18.03.2020
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, the pair continues the correction within the rising tendency. By now, after forming several reversal candlestick patterns, such as Hammer, EURUSD is testing the channel’s downside border. Right now, the pair is reversing. We may assume that later the price may grow to reach 1.1240. However, one shouldn’t exclude a possibility that the price may continue the current pullback towards 1.0955.
EURUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is recovering. fall. At the moment, the pair is testing the support level again, where it has formed an Engulfing reversal pattern. Possibly, the price may reverse and reach 105.80. The current situation implies that after finishing the correction the price may grow towards the target at 108.47. At the same time, the pair may choose another scenario, according to which the instrument is expected to break 105.80 and then continue falling.
USDJPY

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURGBP, “Euro vs. Great Britain Pound”
As we can see in the H4 chart, after updating the highs, EURGBP is testing another resistance level, where it has formed several reversal patterns, such as Hanging Man. Right now, the pair may start reversing. At the moment, we may assume that later the market may form a new pullback towards 0.8998 and then resume trading upwards. However, one shouldn’t exclude an opposite scenario, which implies that the instrument may continue the rising tendency with the target at 0.9220 without reversing and correcting.
EURGBP

Risk Warning: the result of previous trading operations do not guarantee the same results in the future