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, trading indicators signals and much more.

15.10.2019 - 09.10.2019

USD/CHF: wave analysis

The pair may fall.

On the 4-hour chart, a local correction developed as the second wave of the higher level ii of 1, shaped as a flat. Now, the development of the wave iii of 1 i starting, within which the entry first wave of the lower level i of (i) of iii has formed, and the correction ii of (i) of iii has ended. If the assumption is correct, the pair will fall to the levels of 0.9656–0.9556. In this scenario, critical stop loss level is 1.0028.

AUD/USD: wave analysis

The pair may fall.

On the 4-hour chart, the third wave of the higher level iii of 3 of (5) forms, within which the wave (iii) of iii of 3 develops. Now, the first wave of the lower level i of (iii) has formed, and the local correction ii of (iii) ha developed. If the assumption is correct, the pair will fall to the levels of 0.6540–0.6418. In this scenario, critical stop loss level is 0.6810.

AUD/CAD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (0.8927). The closest resistance level is the lower border of the cloud (0.8991).

EUR/JPY: 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 ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Kijun-sen line (118.64). One of the previous maximums of Chikou Span line is expected to be a resistance level (120.02).

GBP/NZD: 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 (1.9915). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.9985).

EUR/GBP: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is crossing Kijun-sen from above, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Tenkan-sen line (0.8758). The closest resistance level is the upper border of the cloud (0.8818).

XAU/USD: Fibonacci analysis

On the 4-hour chart, the price reversed at 1478.50 (correction 23.6%) and was corrected to 1496.50 (correction 50.6%, Bollinger bands’ midline). Its breakout will give the prospect of growth to 1504.60 (correction of 61.8%) and 1515.00 (correction of 76.4%). Otherwise, the decline to 1478.50 (correction 23.6%) and 1462.00 (correction 0.0%) will resume. Technical indicators do not give a clear signal. The MACD histogram is decreasing in the negative zone, Stochastic is pointing upwards. Bollinger Bands are falling. Also, the price is under pressure of a downward fan.

NZD/USD: technical analysis

On a 4-hour chart, the instrument approaches the lower border of Bollinger bands from above. The indicator is reversing downwards, and the price range has expanded, indicating a continuation of the downtrend. The MACD histogram is being corrected in the neutral zone, while keeping a poor sell signal. Stochastic has entered the oversold zone; a strong buy signal is expected during the day.