Forex Analysis for XAU/USD

17.01.2022EURUSD, “Euro vs US Dollar”Having finished the descending structure and reached the short-term target at 1.1414, EURUSD is expected to continue the correction to reach 1.1390. Possibly, today the pair may return to test 1.1436 from below and then complete the correction by falling towards ...

17.01.2022XAUUSD, “Gold vs US Dollar”As we can see in the daily chart, XAUUSD is forming another rising wave within the uptrend after convergence on MACD; the previous wave has tested 50.0% fibo. In this case, the pair is expected to continue the uptrend to reach 61.8% and 76.0% fibo at 1908.00 and ...

14.01.2022XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after forming a Hammer reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its ascending impulse. In this case, the upside target may be the resistance area at 1845.00. At the same time, an ...

14.01.2022EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.1458. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 1.1507; if to the downside – start a new correction towards 1.1385 and then form one more ascending structure...

13.01.2022USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 5/8, break it, and then continue falling to reach the support at 4/8. Howeve...

13.01.2022EURUSD, “Euro vs US Dollar”Having completed the ascending wave at 1.1452, EURUSD is consolidating below this level. Possibly, the pair may grow to reach the short-term upside target at 1.1457 and then start a new correction towards 1.1363. Later, the market may form one more ascending stru...

12.01.2022EURUSD, “Euro vs US Dollar”Having completed the descending wave at 1.1313 and rebounding from this level, EURUSD is still growing and has already reached 1.1363; right now, it is consolidating around the latter level. Later, the market may break the range to the upside and form one more as...

12.01.2022GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading at 1.3639; 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 1.3605 and then resume moving upwards to reach 1.3730....

11.01.2022XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the asset is still trading upwards. After forming a Hammer reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its ascending impulse. In this case, the upside target may be the resistance ar...

11.01.2022EURUSD, “Euro vs US Dollar”Having completed the descending wave at 1.1285, EURUSD is growing towards 1.1365. Later, the market may start a new decline to reach 1.1330 and then form one more ascending structure with the target at 1.1400.GBPUSD, “Great Britain Pound vs US Dollar”After finish...

10.01.2022XAUUSD, “Gold vs US Dollar”In the H4 chart, after finishing the correctional uptrend at 61.8% fibo, XAUUSD is trying to form a new wave to the downside towards the low at 1752.50, a breakout of which may lead to a further downtrend towards 61.8% and 76.0% fibo at 1729.90 and 1696.13 respec...

10.01.2022XAUUSD, “Gold vs US Dollar”XAUUSD is trading at 1793.00; 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 1810.00 and then resume moving downwards to reach 1755.00. Anothe...

10.01.2022EURUSD, “Euro vs US Dollar”Having completed the ascending wave at 1.1363, EURUSD is falling towards 1.1310. Later, the market may form one more ascending structure with the target at 1.1333.GBPUSD, “Great Britain Pound vs US Dollar”After finishing the ascending wave at 1.3596, GBPUSD has a...

06.01.2022EURUSD, “Euro vs US Dollar”After forming a new consolidation range around 1.1300 and breaking it to the upside, EURUSD has reached the short-term target at 1.1345; right now, it is falling to test 1.1300 from above. Later, the market may form one more ascending structure towards 1.1351 and...

05.01.2022XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the asset is still trading upwards. After forming an Engulfing reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its ascending impulse. In this case, the upside target may be the resistanc...

05.01.2022USDJPY, “US Dollar vs Japanese Yen”USDJPY is trading at 116.00; 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 115.55 and then resume moving upwards to reach 117.45. Anothe...

05.01.2022EURUSD, “Euro vs US Dollar”After reaching the short-term downside target at 1.1272, EURUSD has finished the ascending structure towards 1.1321. Possibly, today the pair may fall to reach 1.1254 and then form one more ascending structure with the target at 1.1322.GBPUSD, “Great Britain Poun...

04.01.2022EURUSD, “Euro vs US Dollar”EURUSD has reached the short-term upside target at 1.1385. Possibly, today the pair may correct towards 1.1255 and then form one more ascending structure with the target at 1.1400.GBPUSD, “Great Britain Pound vs US Dollar”After completing the ascending wave at 1....

30.12.2021USDJPY, “US Dollar vs Japanese Yen”USDJPY is trading at 115.14; 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 114.95 and then resume moving upwards to reach 115.55. Anothe...

30.12.2021EURUSD, “Euro vs US Dollar”EURUSD has reached the short-term upside target at 1.1367. Possibly, today the pair may correct towards 1.1300 and then form one more ascending structure with the target at 1.1400.GBPUSD, “Great Britain Pound vs US Dollar”After completing the ascending wave at 1....

29.12.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the asset is still trading upwards. After forming an Engulfing reversal pattern not far from the resistance level, XAUUSD may reverse and continue forming its correctional impulse. In this case, the downside target may be the suppor...

29.12.2021EURUSD, “Euro vs US Dollar”EURUSD has finished the descending wave at 1.1292 along with the ascending structure towards 1.1317. Possibly, the pair may fall to reach 1.1280 and then form one more ascending structure with the target at 1.1338.GBPUSD, “Great Britain Pound vs US Dollar”After c...

28.12.2021USDCAD, “US Dollar vs Canadian Dollar”USDCAD is trading at 1.2787; 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 1.2795 and then resume moving downwards to reach 1.2665...

28.12.2021EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.1318 without any specific direction. Possibly, the pair may expand the range down to 1.1294 and then grow to reach 1.1352. After that, the instrument may start another decline to return to 1.1318. If later the price breaks t...

27.12.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, after finishing the correctional downtrend, XAUUSD is trying to form the second wave to the upside. Convergence on MACD is another signal that the correction is over. In this case, the next upside targets may be 61.8% and 76.0% fibo at 1908.00 an...

27.12.2021EURUSD, “Euro vs US Dollar”EURUSD is consolidating around 1.1320. Possibly, the pair may fall towards 1.1293 and then grow to reach 1.1351. After that, the instrument may start another decline to return to 1.1320. If later the price breaks this range to the upside, the market may form one ...

24.12.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the asset is still trading upwards. After forming a Hammer reversal pattern not far from the support level during the pullback, XAUUSD may reverse and continue forming its rising impulse. In this case, the upside target may be the r...

24.12.2021EURUSD, “Euro vs US Dollar”After completing the correctional structure at 1.1303 and rebounding from this level, EURUSD is growing towards 1.1352. Later, the market may start another correction to reach 1.1310 and then form one more ascending structure with the target at 1.1371.GBPUSD, “Gr...

23.12.2021USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 6/8, break it, and then continue falling to reach the support at 5/8. Howeve...

23.12.2021EURUSD, “Euro vs US Dollar”After completing the ascending structure at 1.1316, EURUSD is consolidating above this level. If later the price breaks this range to the downside, the market may resume falling to reach 1.1250; if to the upside – continue the correction towards 1.1377 or even re...