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[pipstealer]

The Pound is not afraid for Johnson. Overview for 27.03.2020 FROM RFXSIGNALS
27.03.2020
GBPUSD continues to recover, ignoring the news about new outbreaks of the coronavirus.
The British Pound continues growing against the USD on Friday. The current quote for the instrument is 1.2227.
The national currency is not responding to the news that the British Prime Minister Boris Johnson was diagnosed with the coronavirus. The Pound remained indifferent, just like when it ignored a similar piece of news about Prince Charles.
Yesterday, the Bank of England had a scheduled meeting and decided to keep the key interest rate intact at 0.1%. The regulator has already revised the rate twice this month and the current value is the lowest ever, that’s why it was pointless to expect another cut. The Quantitative Easing program also remained unchanged at £645B.
The statistics published a bit earlier showed that the CPI in the United Kingdom in February was 1.7% y/y (the same as expected) after being 1.8% y/y in the previous month. The Core CPI also showed 1.7% y/y but still improved after being 1.5% y/y in January.
The PPI Input in February lost 1.2% m/m, better than expected but still worse than before. The PPI Output lost 0.3% m/m, although it wasn’t expected to change.
It can be clearly seen that manufacturers were the first to notice the contraction in demand and decided to revise prices in order not to increase stock reserves

 

[pipstealer]

Fibonacci Retracements Analysis 27.03.2020 (BITCOIN, ETHEREUM) FROM RFXSIGNALS
27.03.2020
BTCUSD, “Bitcoin vs US Dollar”
As we can see in the H4 chart, after reaching the post-correctional extension area between 138.2% and 161.8% fibo at 4878.75 and 3929.75 respectively, BTCUSD is still correcting upwards. By now, it has slowed down a bit at 38.2% fibo but after a short pause may continue growing towards 50.0% and 61.8% fibo at 7210.70 and 7987.75 respectively. The support is the low at 3929.75.

In the H1 chart, there is a divergence on MACD, which may indicate a new pullback. The targets may be 23.6%, 38.2%, and 50.0% at 6378.80, 6009.60, and 5706.50 respectively. The resistance is the high at 6983.00.

ETHUSD, “Ethereum vs. US Dollar”
As we can see in the H4 chart, after rebounding from the psychologically important level at 100.00, the pair is correcting. The first correctional wave has already reached 23.6% fibo; right now, the instrument is consolidating. The next correctional targets may be at 38.2% and 50.0% fibo at 166.13 and 189.40 respectively. The support is the low at 89.80.

The H1 chart shows more detailed structure of the current consolidation around 23.6% fibo.

 

[pipstealer]

Japanese Candlesticks Analysis 27.03.2020 (GOLD, NZDUSD, GBPUSD) FORM RFXSIGNALS
27.03.2020
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, Gold is still growing from the support level. After forming several reversal patterns, such as Hammer, the pair is reversing. At the moment, the price is testing another resistance level not far from a Hanging Man pattern. The current situation implies that the pair may reverse to start a slight correction and then continue forming the rising tendency. The correctional target may be at 1598.00. in the future, the next upside target may be at 1700.00.

NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after forming a Doji reversal pattern not far from the resistance level, the pair continues growing. At the moment, NZDUSD is reversing. The correctional target may be at 0.5786. After finishing the correction, the price may resume trading upwards. In this case, the upside target will be at 0.6255.

GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the rising tendency continues. By now, GBPUSD has formed several reversal patterns, such as Hammer and Inverted Hammer, close to the support level. At the moment, the pair is reversing and testing the resistance level. There are no reversal patterns close to this level but the price may yet start a correction before further growth towards 1.2550. However, there is another scenario, which implies that the instrument may rebound from the resistance level and fall towards 1.1900.

 

[pipstealer]

Forex Technical Analysis & Forecast 27.03.2020 FROM RFXSIGNALS
27.03.2020
EURUSD, “Euro vs US Dollar”
After completing the ascending structure at 1.0935 and forming a new consolidation range as an upside continuation pattern, EURUSD has broken it upwards; right now, it is still growing towards 1.1090. Possibly, today the pair may reach this level and then start a new decline towards 1.1015. Later, the market may form one more ascending structure with the target at 1.1125.

GBPUSD, “Great Britain Pound vs US Dollar”
After breaking 1.1981, GBPUSD is moving upwards to reach 1.2323. After that, the instrument may correct to the downside to return to 1.1981 and then form one more ascending structure with the target at 1.2505.

USDCHF, “US Dollar vs Swiss Franc”
USDCHF is falling to reach 0.9600. Later, the market may correct towards 0.9680 and then resume trading downwards with the target at 0.9530.

USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the descending structure at 108.40. Today, the pair may consolidate near the lows. If later the price breaks this range to the upside, the market may start another correction towards 110.10 and then resume falling to break 108.00. After that, the instrument may continue trading inside the downtrend with the target at 105.80.

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD continues forming the fifth ascending wave towards 0.6136. After that, the instrument may correct to the downside with the target at 0.5822 and then resume trading upwards to reach 0.6060.

USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 78.00; by now, it has reached 77.20. Possibly, the pair may grow to reach 78.50 and then resume trading downwards to break 77.00. Later, the market may continue falling with the target at 75.50.

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is still falling. Today, the pair may reach 1.4000. Later, the market may correct grow towards 1.4141 and then form a new descending structure with the target at 1.3780.

XAUUSD, “Gold vs US Dollar”
Gold is consolidating above 1619.00. Possibly, the pair may grow towards 1645.00 and then start a new decline to break 1600.00. After that, the instrument may continue the correction with the target at 1551.00.

BRENT
Brent falling. Possibly, today the pair may reach 25.25 and then form one more ascending structure to break 27.00. Later, the market may continue trading upwards with the target at 30.33.

BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is still consolidating around 6600.00 without any particular direction. The main scenario implies that the instrument may resume growing to reach 7500.00 and then correct towards 5700.00.

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[pipstealer]

Ichimoku Cloud Analysis 27.03.2020 (USDJPY, GBPUSD, USDCAD) FROM RFXSIGNALS
27.03.2020
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 108.40; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 109.05 and then resume moving downwards to reach 106.75. 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 110.85. In this case, the pair may continue growing towards 111.75.

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.2276; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2125 and then resume moving upwards to reach 1.2605. 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 1.1745. In this case, the pair may continue falling towards 1.1655.

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3997; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.4105 and then resume moving downwards to reach 1.3805. 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 1.4305. In this case, the pair may continue growing towards 1.4415.

 

[pipstealer]

Murrey Math Lines 27.03.2020 (EURUSD, GBPUSD) FROM RFXSIGNALS
27.03.2020
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is heading towards the resistance at 3/8. In this case, the pair may rebound from this level and then resume falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing to reach the resistance at 4/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1/8 from the H4 chart.

GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is moving below 3/8. The main scenario implies that the pair is expected to break 2/8 and then continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing to reach the resistance at 4/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue the descending tendency towards 1/8.

 

[pipstealer]

DAILY FREE FOREX SIGNALS – 31-03-2020 FROM RFXSIGNALS
EURGBP BUY: 0.89269
SL: 0.88727
TP1: 0.89476
TP2: 0.89692
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EURJPY BUY: 119.376
SL: 118.543
TP1: 119.591
TP2: 119.845
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GBPCAD SELL: 1.74651
SL: 1.76267
TP1: 1.74407
TP2: 1.74151
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CADJPY BUY: 76.528
SL: 75.925
TP1: 76.799
TP2: 77.098
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GBPJPY SELL: 133.496
SL: 134.222
TP1: 133.277
TP2: 133.040
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NZDUSD BUY: 0.60293
SL: 0.59386
TP1: 0.60556
TP2: 0.60830
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USDCAD BUY: 1.42204
SL: 1.39635
TP1: 1.42508
TP2: 1.42847
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AUDUSD BUY: 0.61715
SL: 0.60554
TP1: 0.61920
TP2: 0.62132
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EURCHF SELL: 1.05804
SL: 1.06040
TP1: 1.05588
TP2: 1.05379
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EURCAD SELL: 1.55882
SL: 1.56646
TP1: 1.55643
TP2: 1.55407
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AUDJPY SELL-66.844
SL-67.497
TP1-66.580
TP2-66.225
EURUSD SELL-1.09849
SL-1.11326
TP1-1.09305
TP2-1.08727
GBPCHF SELL -1.18345
SL-1.19062
TP1-1.18172
TP2-1.17999
EURAUD SELL-1.77343
SL-1.80845
TP1-1.75525
TP2-1.73235
EURGBP BUY -0.89421
SL0.88674
TP1-0.89634
TP2-0.89856
GBPUSD SELL-1.22104
SL-1.25990
TP1-1.20757
TP2-1.19514
EURGBP BUY -0.89809
SL-0.87390
TP1-0.90642
TP2-0.91935
USDCAD BUY -1.41739
SL-1.38506
TP1-1.43315
TP2-1.45719
GBPCHF SELL -1.17613
SL-1.20070
TP1-1.16535
TP2-1.15031
GBPCAD SELL-1.73639
SL-1.76790
TP1-1.71940
TP2-1.70735
GBPAUD BUY -1.99671
SL-1.98215
TP1-2.00281
TP2-2.00941
USDJPY BUY -108.844
SL-107.104
TP1-109.559
TP2-110.406
AUDUSD SELL-0.61456
SL-0.62172
TP1-0.61255
TP2-0.60762
EURAUD BUY -1.78846
SL-1.77134
TP1-1.79532
TP2-1.80927
NZDUSD SELL-0.59792
SL-0.60398
TP1-0.59595
TP2-0.59378
AUDUSD SELL-0.61591
SL-0.62173
TP1-0.61361
TP2-0.61135
EURJPY SELL-119.070
SL-119.740
TP1-118.862
TP2-118.488
NZDCHF SELL-0.57661
SL-0.58053
TP1-0.57478
TP2-0.57293
NZDCAD SELL-0.84941
SL-0.85586
TP1-0.84666
TP2-0.84431
CADCHF BUY -0.67950
SL-0.67479
TP1-0.68190
TP2-0.68383
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[pipstealer]

Fibonacci Retracements Analysis 31.03.2020 (EURUSD, USDJPY) FROM RFXSIGNALS
31.03.2020
EURUSD, “Euro vs US Dollar”
In the daily chart, the convergence on MACD made the pair complete a strong descending impulse and start a new correctional uptrend, which has already reached 23.6% fibo and may later continue towards 38.2% and 50.0% fibo at 1.1370 and 1.1595 respectively, thus reversing the long-term trend. Still, onу shouldn’t exclude the possibility of another descending impulse. If EURUSD breaks the low at 1.0635, the instrument may continue falling to reach the post-correctional extension area between 138.2% and 161.8% fibo between 1.0503 and 1.0336 respectively.

As we can see in the H1 chart, the divergence forced the pair reverse after reaching 61.8% fibo at 1.1167 and start a new short-term pullback, which has already reached 23.6% fibo. In the future, the price may continue falling towards 38.2%, 50.0%, 61.8%, and 76.0% fibo at 1.0951, 1.0852, 1.0830, and 1.0758 respectively. If later the instrument breaks the latter level, it may continue falling to reach the low at 1.0635. However, if the pair breaks the high at 1.1147, the price may continue trading upwards.

USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, the divergence made the pair reverse after reaching the high at 112.23 and start a new decline. The current technical picture indicates that this decline may continue down to the low at 101.18 or even lower, the post-correctional extension area between 138.2% and 161.8% fibo between 101.48 and 99.66. To throw light on a future trend, it’s better to check changes on shorter timeframes.

In the H1 chart, the convergence made the price start a new rising tendency after reaching 61.8% fibo. The short-term upside targets may be the high at 111.71.

 

[pipstealer]

Murrey Math Lines 31.03.2020 (AUDUSD, NZDUSD) FROM RFXSIGNALS
31.03.2020
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is moving above 1/8. In this case, the pair is expected to continue growing to reach the resistance at 3/8. However, this scenario may be canceled if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.

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

NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is no longer moving inside the “oversold area” after breaking 0/8. In this case, the pair is expected to continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks 0/8. After that, the instrument may continue falling towards 1/8.

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

 

[pipstealer]

Ichimoku Cloud Analysis 31.03.2020 (BTCUSD, XAUUSD, AUDUSD) FROM RFXSIGNALS
31.03.2020
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 6372.00; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 6555.00 and then resume moving downwards to reach 4365.00. 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 6955.00. In this case, the pair may continue growing towards 7805.00. After breaking the support area and fixing below 5665.00, the price may resume moving downwards and finish a Head & Shoulders pattern.

XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1615.00; 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 1605.00 and then resume moving upwards to reach 1715.00. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of a Triangle pattern. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1525.00. In this case, the pair may continue falling towards 1495.00.

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.6206; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6135 and then resume moving upwards to reach 0.6545. 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 0.5805. In this case, the pair may continue falling towards 0.5720.

 

[pipstealer]

Forex Technical Analysis & Forecast 31.03.2020 FROM RFXSIGNALS
31.03.2020
EURUSD, “Euro vs US Dollar”
After forming a correctional continuation pattern at 1.1053 and breaking it downwards, EURUSD is trading to reach the short-term target at 1.0980. Later, the market may form one more ascending structure to return to 1.1053 and then resume falling towards 1.0970.

GBPUSD, “Great Britain Pound vs US Dollar”
After completing two descending impulses along with the correction at 1.2343, GBPUSD is expected to start the third impulse to reach 1.2185. After that, the instrument may form one more ascending structure with the target at 1.2345.

USDCHF, “US Dollar vs Swiss Franc”
After breaking the descending channel, USDCHF is still trading upwards. Possibly, the pair may reach 0.9685 and then resume trading downwards with the target at 0.9595.

USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards. Possibly, today the pair may correct to reach 109.45 and then resume trading inside the downtrend with the target at 108.35.

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming a wide consolidation range above 0.6070. After breaking this level to the downside, the instrument may continue trading downwards to reach 0.5920 and then start another growth to return to 0.6070.

USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 79.75. If later the price breaks this range to the upside, the market may form one more ascending structure towards 82.25; if to the downside – resume trading downwards with the target at 75.95.

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading upwards. Today, the pair may reach 1.4300 and then form a new descending structure towards 1.4160. Later, the market may start another growth with the target at 1.4404.

XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1617.67. Possibly, today the pair may fall to break 1609.00. After that, the instrument may continue trading downwards with the target at 1597.66.

BRENT
Brent has updated 22.33. Possibly, today the pair may grow towards 24.62 and then form a new descending structure to reach 23.50, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may form one more ascending structure towards 28.50; if to the downside – resume trading downwards with the target at 22.00.

BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is still trading around 6150.00. The main scenario implies that the instrument may fall towards the downside border of this range at 5700.00 and then start a new growth to break 6600.00. Later, the market may continue trading upwards with the target at 7600.00.

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[pipstealer]

Japanese Candlesticks Analysis 31.03.2020 (EURUSD, USDJPY, EURGBP) FROM RFXSIGNALS
31.03.2020
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, after returning to the rising channel’s downside border, EURUSD has formed a Harami reversal pattern there. At the moment, the pair is reversing. We may assume that later the price may correct to reach 1.0930 and then resume the ascending tendency. In this case, the upside target may be at 1.1320.

USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still recovering after the fall. Right now, the pair is testing the support level, where it has formed several reversal patterns, such as Harami and Hammer. Possibly, the price may reverse and reach 110.80. The current situation implies that the instrument may yet resume falling towards 105.72 but this scenario is rather unlikely.

EURGBP, “Euro vs. Great Britain Pound”
As we can see in the H4 chart, after reaching the support level, EURGBP has formed a Hammer reversal pattern there. At the moment, the pair started reversing. We may assume that later the market may rebound towards 0.9300 and continue the descending tendency. However, one shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 0.9030 without any pullbacks. In this case, the target may be at 0.8745.

 

[pipstealer]

Murrey Math Lines 01.04.2020 (USDJPY, USDCAD) FROM RFXSIGNALS
01.04.2020
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is trading at 5/8. In this case, the price 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 at 6/8.

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.

USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, the pair is moving not far from 3/8. In this case, USDCAD may continue falling towards the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may trade upwards to reach the resistance at 3/8.

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.

 

[pipstealer]

The Euro is still on sale. Overview for 01.04.2020 FROM RFXSIGNALS
01.04.2020
On Wednesday afternoon, bears are still in charge of the major currency pair.
EURUSD is falling on Wednesday. The current quote for the instrument is 1.0940.
Market players are waiting for the statistics, both from the USA and the Euro Area and not expecting to see anything positive in numbers. This is probably the reason why they switch to relatively safe assets, such as the USD/
The statistics published in the morning showed that the Retail Sales in Germany added 1.2% m/m, which is much better than expected, +0.2% m/m. One may assume that it happened due to increased consumption before quarantine restrictions.
The final report on the Manufacturing PMI in the Euro Area in March didn’t show anything special as it went from 44.8 points to 44.5 points. The same indicator for Germany showed 45.4 points after being 45.7 points the month before. There is a slight decline but it’s not critical.
It’s funny that the Unemployment Rate in the Euro Area dropped to 7.3% after being 7.4% in January. Most likely, in the future, the indicator will grow due to the falling economy in the region.
Later in the evening, the USA is scheduled to publish several interesting reports. First of all, it’s the ADP Non-Farm Employment Change in March, which is expected to show 125K after being 183K in February. It will be also interesting to check the ISM Manufacturing PMI, which may decrease down to 46.0 points in March after being 50.1 points in the previous month. However, it wouldn’t be surprising given the circumstances.

 

[pipstealer]

Forex Technical Analysis & Forecast 01.04.2020 FROM RFXSIGNALS
01.04.2020
EURUSD, “Euro vs US Dollar”
EURUSD has almost completed the correction by finishing the descending wave towards 1.0926; right now, it is forming the second ascending impulse. After breaking 1.1060, the instrument may grow to reach 1.1100. Later, the market may break this level as well and then continue trading upwards with the short-term target at 1.1140.

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues consolidating around 1.2343. Possibly, today the pair may fall towards 1.2200 and then grow to return to 1.2343. If later the price breaks this range to the downside, the market may form a new descending structure towards 1.2055; if to the upside – resume trading upwards with the target at 1.2555.

USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed the correction by finishing the ascending structure at 0.9684; right now, it is forming another descending structure to break 0.9580. After that, the instrument may continue trading downwards with the target at 0.9467.

USDJPY, “US Dollar vs Japanese Yen”
USDJPY has rebounded from 108.78 to the downside. Today, the pair may fall to reach 106.94 and then resume trading upwards with the target at 109.45.

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming a wide consolidation range around 0.6140. Possibly, today the pair may trade downwards to break 0.6066 and then continue falling with the target at 0.5919.

USDRUB, “US Dollar vs Russian Ruble”
USDRUB is falling; it is still consolidating around 78.45. Possibly, the pair may form one more ascending structure towards 79.75. However, the main scenario implies that the price is expected to fall to break 76.90 and then continue trading downwards with the target at 74.33.

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has completed the correction at 1.4333; right now, it is trading downwards to reach 1.3822. Later, the market may start another correction with the target at 1.4233.

XAUUSD, “Gold vs US Dollar”
Gold has finished the descending wave at 1560.50. Today, the pair may correct to reach 1597.50. After that, the instrument may continue trading downwards with the short-term target at 1557.50.

BRENT
After forming another consolidation range around 23.60, Brent has broken it to the downside. Possibly, today the pair may fall towards 22.00 and then form one more ascending structure to return to 23.60. After that, the instrument may break the latter level and continue trading upwards with the target at 25.40.

BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is still consolidating around 6100.00. Possibly, the pair may form one more ascending structure towards 6900.00. If later the price breaks this range to the downside, the market may resume trading downwards to reach 5600.00 or even 5300.00; if to the upside – start a new growth with the target at 7600.00.

 

[pipstealer]

The Aussie is falling again. Overview for 01.04.2020 FROM RFXSIGNALS
01.04.2020
AUDUSD is down again amid investors’ poor attitude to risks.
On Wednesday afternoon, the Australian Dollar is falling against the USD. The current quote for the instrument is 0.6075.
On one hand, it’s obvious that market players’ interest in global risks is decreasing again, thus putting pressure on traded currencies. On the other hand, The RBA’s expectations relating to the economic outlook are very gloomy and that’s also not too good for the Aussie.
The statistics published in the morning showed that the AIG Manufacturing Index in Australia went from 44.3 points in February to 53.7 points in March. It’s pretty good and may be connected to the fact that the Chinese manufacturing sector is back to almost its full capacity.
The Building Approvals added 19.9% m/m in February after losing 15.3% m/m the month before and against the expected reading of +3.1% m/m. The number is quite surprising because the economic activity in the country is rather low and the future outlook is also not too optimistic. However, the growth may have been caused by low interest rates – this may really straighten things out.
Apart from this, the Reserve Bank of Australia released its previous Monetary Policy Meeting Minutes, which said that the country’s economy might significantly shrink not only in the first six months of 2020 but in the third or even fourth quarters as well. They believe that after the coronavirus pandemic starts dying down, the Australian economy will recover. However, timescales are quite vague

 

[pipstealer]

Ichimoku Cloud Analysis 01.04.2020 (BTCUSD, XAUUSD, USDJPY) FROM RFXSIGNALS
01.04.2020
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 6372.00; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency that has almost left the cloud. The markets could indicate that the price may test the cloud’s upside border at 6445.00 and then resume moving downwards to reach 4765.00. 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 6955.00. In this case, the pair may continue growing towards 7805.00. After breaking the support area and fixing below 5605.00, the price may resume moving downwards and finish a Head & Shoulders pattern.

XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1588.00; 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 1585.00 and then resume moving upwards to reach 1710.00. 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 1525.00. In this case, the pair may continue falling towards 1495.00. After breaking the descending channel’s upside border and fixing above 1620.00, the price may resume moving upwards.

USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 107.32; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 107.65 and then resume moving downwards to reach 106.65. 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 108.55. In this case, the pair may continue growing towards 109.75.

 

[pipstealer]

Fibonacci Retracements Analysis 01.04.2020 (GBPUSD, EURJPY) FROM RFXSIGNALS
01.04.2020
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the daily chart, GBPUSD is correcting the previous descending wave and trying to fix above the low at 1.1958; by now, the pair has stopped its growth not far from the resistance at 61.8% fibo (1.2550). If the price rebounds from this level, the instrument may resume falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.1365 and 1.0996 respectively. However, if the price breaks 61.8% fibo at 1.2550, it may grow to attach the high at 1.3510.

In the H1 chart, the local convergence made the pair start a new correction. The support is at 38.2% fibo (12092). After completing the pullback, the pair may resume growing to reach 61.8% and 76.0% fibo at 1.2510 and 1.2764 respectively.

EURJPY, “Euro vs. Japanese Yen”
As we can see in the H4 chart, EURJPY has failed to break the highs despite an attempt to fix above the resistance at 38.2% fibo (120.19). Right now, the price is returning to towards 76.0% fibo at 117.55. If later the pair breaks this level, the instrument may continue falling to reach the low at 115.86.

In the H1 chart, the pair is trading downwards to reach 61.8% and 76.0% fibo at 118.03 and 117.32 respectively. At the same time, there is a convergence on MACD, which may indicate a possible pullback or reversal. The resistance is the local high at 121.14.

 

[pipstealer]

Japanese Candlesticks Analysis 01.04.2020 (GOLD, NZDUSD, GBPUSD) FROM RFXSIGNALS
01.04.2020
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after forming several reversal patterns, such as Hanging Man, not far from the resistance level, Gold has reversed; right now, it is testing the support level. The current situation implies that the pair may rebound from this level and then resume the rising tendency. in this case, the upside target may be at 1700.00. At the same time, there is another scenario, according to which the instrument may fall to test 1550.00.

NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, the asset continues growing. After finishing the correction from the resistance level and forming an Engulfing reversal pattern, NZDUSD is reversing. The upside target may be at 0.6255. Still, one shouldn’t exclude another scenario, which says that the instrument may continue the correction towards 0.5858.

GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the rising tendency continues. By now, GBPUSD has formed several reversal patterns, such as Shooting Star, close to the resistance level. At the moment, the pair is reversing and may later form a slight correction, which may be followed by further growth towards 1.2550. However, there is another scenario, which implies that the instrument may rebound from the resistance level and fall towards 1.2140.

 

[pipstealer]

DAILY FREE FOREX SIGNALS – 01-04-2020 FROM RFXSIGNALS



GBPCHF BUY -1.19825
SL-1.19214
TP1-1.20120
TP2-1.20392

USDCHF BUY -0.96721
SL-0.95817
TP1-0.97040
TP2-0.97408

EURUSD SELL-1.09128
SL-1.10006
TP1-1.08735
TP2-1.08276

AUDUSD SELL-0.60471
SL-0.61071
TP1-0.60248
TP2-0.60015

NZDUSD SELL-0.58856
SL-0.59516
TP1-0.58568
TP2-0.58328

EURAUD BUY -1.80949
SL-1.79890
TP1-1.81334
TP2-1.81781

EURJPY SELL-117.131
SL-118.696
TP1-116.400
TP2-115.708

AUDJPY SELL-64.825
SL-66.526
TP1-64.041
TP2-63.459

EURGBP SELL-0.88054
SL-0.89502
TP1-0.87511
TP2-0.86877

EURCHF SELL-1.05553
SL-1.06318
TP1-1.05315
TP2-1.05111

CHFJPY SELL-110.874
SL-112.736
TP1-110.147
TP2-109.251
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