Forex Analysis for XAU/USD

29.06.2022EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.0555 and breaking this level, EURUSD continue falling towards 1.0494. Later, the market may grow to test 1.0555 from below and then resume falling with the target at 1.0440.GBPUSD, “Great Britain Pound vs US Dollar”Having...

28.06.2022XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD has formed an Engulfing reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be the resistance level at 1837.00. At t...

28.06.2022EURUSD, “Euro vs US Dollar”After completing the ascending wave at 1.0614, EURUSD is correcting down to 1.0555. Later, the market may trade upwards to reach 1.0629 and then resume falling with the target at 1.0440.GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD has finished the ascending w...

27.06.2022EURUSD, “Euro vs US Dollar”EURUSD is consolidating around 1.0555. Possibly, the pair may form one more ascending structure towards 1.0630. Later, the market may trade downwards to break 1.0550 and then continue falling with the target at 1.0440.GBPUSD, “Great Britain Pound vs US Dollar”GBP...

EUR/USD: Just a Calm Week The last week was quite calm for the EUR/USD pair. It moved along the Pivot Point 1.0500, and the maximum range of fluctuations was less than 140 points (1.0468-1.0605), which is quite small for today. President Joe Biden's appeal to the US Congress, with the exception of....

24.06.2022EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.0525. Possibly, the pair may form one more ascending structure towards 1.0619. Later, the market may trade downwards to break 1.0500 and then continue falling with the target at 1.0400.GBPUSD, “Great Britain Pound vs US Doll...

23.06.2022XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new rising impulse. In this case, the upside target may be the resistance level at 1844.50. At the sam...

23.06.2022USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is trading inside the “oversold area”. In this case, the pair is expected to test -1/8, break it, and then continue growing to reach the resistance at 0/8. However, this scenario may be cancelled if the price breaks th...

23.06.2022EURUSD, “Euro vs US Dollar”After forming a new consolidation range around 1.0520 and then expanding it up to 1.0600, EURUSD is expected to form one more ascending structure towards 1.0619. Later, the market may trade downwards to break 1.0500 and then continue falling with the target at 1....

22.06.2022EURUSD, “Euro vs US Dollar”After completing the correction at 1.0577, EURUSD is forming a new descending structure to break 1.0395 and may later continue falling with the target at 1.0210.GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD has finished the correctional wave at 1.2320; right n...

21.06.2022EURUSD, “Euro vs US Dollar”After expanding the consolidation range up to 1.0545, EURUSD is forming a new descending structure to test 1.0490 from above. Later, the market may start another growth to reach 1.0620 and then resume falling with the target at 1.0447, or even extend this structu...

20.06.2022EURUSD, “Euro vs US Dollar”The pair is forming a consolidation range around 1.0500. With an escape upwards, the correction might continue to 1.0620, followed by a decline to 1.0220. With an escape downwards, a pathway directly to 1.0220 will open.GBPUSD, “Great Britain Pound vs US Dollar”T...

20.06.2022XAUUSD, “Gold vs US Dollar”At a pullback, gold has formed a Hammer reversal pattern. Going by the pattern, the pair got into an ascending impulse. The goal for further growth might be the resistance level at 1858.00. However, the shares might drop to 1830.50 without pulling back to the res...

17.06.2022EURUSD, “Euro vs US Dollar”The pair has formed w consolidation range around 1.0440 and with an escape upwards suggests a correction to 1.0620. Then the trend is likely to continue down to 1.0380. And if this level is also broken, a pathway to 1.0270 will open.GBPUSD, “Great Britain Pound v...

16.06.2022EURUSD, “Euro vs US Dollar”The currency pair demonstrated a declining wave to 1.0364. Today the market is continuing with a correction. Growth to 1.0520 is not excluded. Practically, there is a consolidation range forming around 1.0440. With an escape upwards, correction might develop to 1...

16.06.2022USDCHF, "US Dollar vs Swiss Franc"On H4, the quotes are above the 200-days Moving Average, which means prevalence of the uptrend. A test of 2/8 is expected, followed by a breakaway and growth to the resistance level of 3/8. The scenario can be cancelled by a breakaway of the support level ...

15.06.2022XAUUSD, “Gold vs US Dollar”At the support level, gold has formed a reversal pattern Hammer. Going by the pattern, the quotes got in an ascending impulse. The goal of further correction might be the resistance level of 1830.00. However, the market situation might develop in such a way that ...

15.06.2022EURUSD, “Euro vs US Dollar”The pair completed a wave of correction to 1.0477. Today the market keeps developing a declining wave to 1.0400, and with a breakaway of this level downwards, a pathway to 1.0270 will open.GBPUSD, “Great Britain Pound vs US Dollar”The pair completed a wave of dec...

14.06.2022EURUSD, “Euro vs US Dollar”The pair completed a declining wave to 1.0400. A link of correction to 1.0500 might occur, followed by a decline to 1.0270. After this level is reached, a link of correction to 1.0500 is expected.GBPUSD, “Great Britain Pound vs US Dollar”The pair demonstrated a d...

EUR/USD: We Are Waiting for the Fed Meeting The movement of the EUR/USD pair from May 23 to June 09 can be considered as sideways in the range of 1.0640-1.0760 (several false breakdowns in both directions do not count). However, this relative calm ended after the meeting of the Board of the Europea....

10.06.2022EURUSD, “Euro vs US Dollar”After expanding the consolidation range up to 1.0770 and then rebounding from this level EURUSD is forming a new descending wave with the target at 1.0585 or even extend this structure down to 1.0544. Later, the market may start another correction to reach 1.0660...

09.06.2022USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above to indicate a possible ascending tendency. In this case, the pair is expected to continue growing to reach the resistance at 5/8. However, this scenario may be cancelled if...

09.06.2022XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new ascending impulse. In this case, the upside target may be the resistance level at 1885.50. At the ...

09.06.2022EURUSD, “Euro vs US Dollar”EURUSD is consolidating above 1.0707. Possibly, today the pair may expand the range up to 1.0765 and then resume falling to break 1.0670. Later, the market may continue trading downwards with the target at 1.0590.GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD i...

08.06.2022The BTC rate is declining for the second day in a row. Today, it is trading at $30,228 USD, while yesterday it fell to $29,200, its weekly low.There were some signs of local demand early in the week but not for long – the major cryptocurrency is now stuck between $29,200 and $31,590. The c...

08.06.2022EURUSD, “Euro vs US Dollar”EURUSD has completed the correction at 1.0713; right now, it is falling to break 1.0674 and may later continue trading downwards to reach 1.0630. After that, the instrument may resume growing to test 1.0674 from below and then start a new decline with the target ...

07.06.2022EURUSD, “Euro vs US Dollar”EURUSD has completed the descending wave at 1.0675 and may later correct up to 1.0710. After that, the instrument may resume falling to break 1.0640 and then continue moving within the downtrend with the target at 1.0585.GBPUSD, “Great Britain Pound vs US Dollar”...

06.06.2022GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is rebounding from the cloud’s downside border. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2530 and then ...

06.06.2022XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD has formed a Harami reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new ascending impulse. In this case, the upside target may be the resistance level at 1885.50. At the ...

06.06.2022EURUSD, “Euro vs US Dollar”EURUSD is forming a new descending wave towards 1.0674 and may later correct up to 1.0720. After that, the instrument may resume falling to break 1.0627 and then continue moving within the downtrend with the target at 1.0585.GBPUSD, “Great Britain Pound vs US Dol...