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The Australian Dollar raised a little. Overview for 07.04.2020 FROM RFXSIGNALS
07.04.2020
On Tuesday, AUDUSD is keeping the positive momentum started yesterday.
The Aussie has been strengthening against the USD for the second trading session in a row. The current quote for the instrument is 0.6163.
A scheduled meeting of the Reserve Bank of Australia ended without any surprises. The benchmark rate remained at the lowest level 0.25%, just as expected. Other basic parameters of the regulator’s monetary policy also remained intact.
The RBA reaffirmed the yield on 3-year Australian government bonds of 25 bps. It’s very important for maintaining financial stability in the country’s economy.
In the comments, the regulator said that fiscal programs together with coordinated monetary influence might help “smooth” the economic contraction. External risks include the coronavirus pandemic but global economies are expected to recover as soon as the outbreak is contained. In the second quarter of 2020, most global economies, including Australia, will see a significant slump accompanied by the decline of the labor market and the dramatic increase in the unemployment rate.
However, if the market conditions get better, the Reserve Bank of Australia will have to buy fewer bonds
 
Japanese Candlesticks Analysis 07.04.2020 (USDCAD, AUDUSD, USDCHF) FROM RFXSIGNALS
07.04.2020
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after forming a Hammer pattern and reversing, USDCAD has tested the channel’s upside border. At the moment, the pair is still rebounding from the resistance level to continue the descending tendency. In this case, the downside target may be at 1.3920. At the same time, there might be another scenario, which implies that the instrument may re-test the channel’s upside border and grow towards 1.4300.
USDCAD
Japanese Candlesticks Analysis 07.04.2020 (USDCAD, AUDUSD, USDCHF)

AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, the pair continues the ascending tendency. After completing an Inverted Hammer pattern near the rising channel’s downside border, AUDUSD is reversing. Later, the price may continue trading upwards to reach 0.6333. Still, the instrument may choose a different scenario and continue falling towards 0.6000.
AUDUSD
Japanese Candlesticks Analysis 07.04.2020 (USDCAD, AUDUSD, USDCHF)

USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, the pair continues forming the ascending channel. By now, USDCHF has formed a Doji pattern near the resistance level. The current situation suggests that after reversing the pair may start a slight correction and then continue the ascending tendency. In this case, the upside target may be at 0.9868. However, one shouldn’t ignore another scenario, which implies a deeper correction towards 0.9645.
USDCHF
Japanese Candlesticks Analysis 07.04.2020 (USDCAD, AUDUSD, USDCHF)
 
Ichimoku Cloud Analysis 07.04.2020 (BTCUSD, AUDUSD, USDCAD) FROM RFXSIGNALS
07.04.2020
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 7240.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s upside border at 7105.00 and then resume moving upwards to reach 7845.00. 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 6685.00. In this case, the pair may continue falling towards 5965.00.
BTCUSD
Ichimoku Cloud Analysis 07.04.2020 (BTCUSD, AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.6146; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6115 and then resume moving upwards to reach 0.6455. 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 0.5895. In this case, the pair may continue falling towards 0.5805.
AUDUSD
Ichimoku Cloud Analysis 07.04.2020 (BTCUSD, AUDUSD, USDCAD)

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.4049; 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 1.4125 and then resume moving downwards to reach 1.3775. Another signal to confirm further descending movement is the price’s rebounding from the downside border of a Triangle pattern. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.4255. In this case, the pair may continue growing towards 1.4335.
USDCAD
Ichimoku Cloud Analysis 07.04.2020 (BTCUSD, AUDUSD, USDCAD)








 
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY) FROM RFXSIGNALS
07.04.2020
EURUSD, “Euro vs US Dollar”
In the H4 chart, EURUSD slowed down its sideways movement, which may be considered as a correction of the previous ascending wave. The support is still the low at 1.0635. If the bulls are strong enough to break 38.2% and 50.0% fibo at 1.1370 and 1.1595 respectively, the long-term tendency may reverse.
EURUSD_H4
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY)

As we can see in the H1 chart, the convergence forced the pair to stop the descending correction at 76.0% (1.0758) and start a new growth. The key target is the local high at 1.1147. In order to reach it, the instrument will have to break 23.6%, 38.2%, 50.0%, 61.8%, and 76.0% fibo at 1.0857, 1.0913, 1.0959, 1.1002, and 1.1055 respectively.
EURUSD_H1
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY)

USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after completing the descending correction at 38.2% fibo, USDJPY is trying to start a new rising wave. The upside targets may be the local and key highs at 111.71 and 112.23 respectively. However, if the pair fails to rise, the next descending wave will trade towards 50.0%, 61.8%, and 76.0% fibo at 106.44, 105.22, and 103.70 respectively or even lower, the post-correctional extension area between 138.2% and 161.8% fibo between 101.48 and 99.66 respectively.
USDJPY_H4
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY)

In the H1 chart, the convergence made the price start a new rising tendency which has already reached 50.0% fibo. The next upside targets may be 61.8% and 76.0% fibo at 109.88 and 110.56 respectively. If the pair breaks the low at 106.91, the instrument may resume its mid-term decline.
USDJPY_H1
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY)
 
The Yen is rising on expectations of economic stimulus package. Overview for 07.04.2020 FROM RFXSIGNALS
07.04.2020
USDJPY is falling on Tuesday morning. Japan is preparing for a new stimulus package.
The Japanese Yen is strengthening against the USD on Tuesday. The current quote for the instrument is 108.92.
The Japanese Prime Minister Shinzo Abe announced a new economic stimulus package worth ¥108T ($989B). it’s a very positive moment for the country’s economy, which means that the government doesn’t stand aside and is ready to stay in sync with the changing market conditions.
At the same time, there isn’t too much positive for the Yen, because the rumor has it that Japan may declare a state of emergency due to the coronavirus pandemic. First of all, it’s about Tokyo but may cover other regions as well.
In the morning, Japan reported on the Household Spending in February, which lost 0.3% y/y after showing -3.9% m/m in January. The actual reading is much better than expected, -3.3% m/m. The indicator shows that the population is ready to spend money and that’s been a problem for Japan over the last previous months.,
The Average Cash Earnings added 1.0% y/y in February after expanding by 1.2% y/y the month before. It’s not very good but still better than expected.
 
Forex Technical Analysis & Forecast 07.04.2020 FROM RFXSIGNALS
07.04.2020
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.0800; it has expanded the range up to 1.0835 and then down to 1.0776, and right now is growing to reach 1.0825. After that, the instrument may fall towards 1.0798, thus continuing the consolidation range in the form of a Triangle pattern. If later the price breaks this pattern to the upside, the market may form one more ascending wave towards 1.0900; if to the downside – resume moving inside the downtrend with the target at 1.0752.
EURUSD
Forex Technical Analysis & Forecast 07.04.2020

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has finished the descending wave at 1.2163. Possibly, today the pair may correct towards 1.2315 and then resume falling to break 1.2163. After that, the instrument may continue moving inside the downtrend to reach the short-term target at 1.2055.
GBPUSD
Forex Technical Analysis & Forecast 07.04.2020

USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9775; it has almost formed a Double Top pattern. Today, the pair may expand the range down to 0.9754. Later, the market may return to 0.9766 and then form a new descending structure with the target at 0.9696.
USDCHF
Forex Technical Analysis & Forecast 07.04.2020

USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the correction at 109.35; right now, it is falling towards 108.18. The main scenario implies that the price may reach this level and then start another growth towards 108.70, thus forming a new consolidation range. Later, the market may break the range to the downside and then resume moving downwards with the target at 105.75.
USDJPY
Forex Technical Analysis & Forecast 07.04.2020

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the second descending impulse at 0.5979; right now, it is correcting towards 0.6129. After that, the instrument may start another decline with the short-term target at 0.5919.
AUDUSD
Forex Technical Analysis & Forecast 07.04.2020

USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming a new descending structure towards 75.44. According to the main scenario, the price is expected to reach this level and then resume growing towards 77.30. Later, the market may resume trading downwards with the first target at 74.22.
USDRUB
Forex Technical Analysis & Forecast 07.04.2020

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD continues falling towards 1.4060. Today, the pair may break this level and then continue trading downwards with the target at 1.3888. After that, the instrument may return to 1.4060 and then resume falling with the target 1.3822.
USDCAD
Forex Technical Analysis & Forecast 07.04.2020

XAUUSD, “Gold vs US Dollar”
Gold has completed the ascending wave at 1675.65 without any corrections. Possibly, today the pair may fall to reach 1645.55 and then grow towards 1659.05. Later, the market may resume trading inside the downtrend with the target at 1615.30.
GOLD
Forex Technical Analysis & Forecast 07.04.2020

BRENT
After re-testing 30.63 from above, Brent is forming one more ascending structure to break 33.19. After that, the instrument may continue growing with the first target at 35.86 and then start a new correction towards 30.60 at least.
BRENT
Forex Technical Analysis & Forecast 07.04.2020

BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is still forming the ascending structure; it has reached another target at 7400.00. Possibly, the pair may start another decline to reach 7050.00 and then resume growing towards 7530.00 to complete this ascending wave. After that, the instrument may start a new correction with the target at 5600.00.
BTCUSD
Forex Technical Analysis & Forecast 07.04.2020
 
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD) FROM RFXSIGNALS
07.04.2020
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is moving outside the “oversold zone” above 1/8. In this case, the pair is expected to continue growing to reach the resistance at 2/8. 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.
AUDUSD_H4
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD)

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.
AUDUSD_M15
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD)

NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, earlier NZDUSD rebounded from the support at 0/8. In this case, the pair is expected to grow to reach the resistance at 1/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -1/8.
NZDUSD_H4
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD)

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 moving upwards.
NZDUSD_M15
Murrey Math Lines 07.04.2020 (AUDUSD, NZDUSD)
 
Daily Free Forex Signals For 08/04/2020 FROM RFXSIGNALS
AUDNZD SELL: 1.02815
SL: 1.03438
TP1: 1.02595
TP2: 1.02366

CHFJPY SELL: 112.035
SL: 112.552
TP1: 111.797
TP2: 111.552

GBPAUD BUY: 2.00897
SL: 1.98312
TP1: 2.01131
TP2: 2.01399
CADCHF SELL: 0.69146
SL: 0.69644
TP1: 0.68940
TP2: 0.68740
AUDCAD SELL: 0.86085
SL: 0.86901
TP1: 0.85860
TP2: 0.85621

EURCHF SELL: 1.05626
SL: 1.05981
TP1: 1.05392
TP2: 1.05174

EURAUD BUY: 1.77090
SL: 1.75441
TP1: 1.77301
TP2: 1.77522
AUDUSD SELL: 0.61417
SL: 0.62141
TP1: 0.61162
TP2: 0.60912

USDCAD BUY: 1.40524
SL: 1.39368
TP1: 1.40718
TP2: 1.40928

USDCAD BUY: 1.40657
SL: 1.39368
TP1: 1.40867
TP2: 1.41077
GBPUSD SELL: 1.22974
SL: 1.23640
TP1: 1.22741
TP2: 1.22523
EURUSD SELL: 1.08358
SL: 1.09117
TP1: 1.08134
TP2: 1.07896

GBPJPY SELL: 133.887
SL: 134.993
TP1: 133.663
TP2: 133.464

USDCHF BUY: 0.97354
SL: 0.96774
TP1: 0.97550
TP2: 0.97740

CADJPY SELL: 77.293
SL: 78.308
TP1: 77.061
TP2: 76.821

GBPCAD BUY: 1.73194
SL: 1.72212
TP1: 1.73434
TP2: 1.73661

EURGBP SELL: 0.88046
SL: 0.88706
TP1: 0.87829
TP2: 0.87628

EURJPY SELL: 117.869
SL: 119.166
TP1: 117.633
TP2: 117.373

EURCAD BUY: 1.52600
SL: 1.51890
TP1: 1.52847
TP2: 1.53110

GBPCHF SELL: 1.19597
SL: 1.20281
TP1: 1.19383
TP2: 1.19182

NZDJPY SELL: 64.476
SL: 65.811
TP1: 64.276
TP2: 64.076

AUDJPY SELL: 66.590
SL: 67.679
TP1: 66.332
TP2: 66.058
NZDUSD SELL: 0.59423
SL: 0.60049
TP1: 0.59222
TP2: 0.59007

SPECIAL PREMIMUM FOREX SIGNAL

GBPJPY SELL -133.886
SL-135.085
TP1-133.377
TP2-132.512

CADCHF SELL-0.69076
SL-0.69674
TP1-0.68613
TP2-0.68135

GOLD(XAUUSD) SELL-1644.67
SL-1675.59
TP1-1629.44
TP2-1615.15

AUDCHF SELL-0.59526
SL-0.60265
TP1-0.59215
TP2-0.58466

NZDCHF SELL-0.57755
SL-0.58557
TP1-0.57390
TP2-0.56752

EURUSD SELL-1.08441
SL-1.09184
TP1-1.08076
TP2-1.07626

USDCHF BUY -0.97289
SL-0.96675
TP1-0.97537
TP2-0.97944

GBPJPY SELL-133.819
SL-134.899
TP1-133.408
TP2-132.693
 
EURUSD is looking for consolidation. Overview for 08.04.2020 FROM RFXSIGNALS
08.04.2020
On Wednesday afternoon, the major currency pair is slightly falling but investors are looking for a consolidation area.
The Euro is falling against the USD on Wednesday. The current quote for the instrument is 1.0854.
Nothing important is happening: while the fundamental background is quite smooth, market players are obviously looking for support. They have enough time for both responding and reflecting.
The statistics published yesterday showed that the Consumer Credit in the USA went from being 12.1B in January to 22.3B in February against the expected reading of 13.9B. It means that the American population was in favor of lending programs even before the coronavirus pandemic due to low interest rates and stable personal income; they knew they had the money to pay for these credits. However, in March, the situation was not so optimistic.
There won’t be a lot of interesting numbers today. The only thing in the calendar that may seem interesting is the FOMC Meeting Minutes to be published in the evening. It’s not quite clear whether the regulator is going to publish a report for all of its scheduled and unscheduled meetings at once or for one at a time.
The report may provide insight into whether all members of the regulator were in favor of rate slashing or the Fed had other options. The more “transparent” the document, the better for the USD.
 
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP) FROM RFXSIGNALS
08.04.2020
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is no longer moving inside the rising channel. By now, the pair has formed a Hammer pattern not far from the support level. At the moment, the pair is starting to reverse. We may assume that later the price may correct towards 1.0770 and then resume the ascending tendency. At the same time, there is another scenario, which implies that the price may continue growing to reach 1.1030 without forming the correction towards 1.0770.
EURUSD
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP)

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 reversing after forming a Hammer pattern. Possibly, the price may reverse and grow to reach 110.10. The current situation implies that the instrument may yet resume falling towards 107.50 but this scenario is rather unlikely.
USDJPY
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP)

EURGBP, “Euro vs. Great Britain Pound”
As we can see in the H4 chart, the pair continues falling. After forming a Hammer pattern close to another support level and reversing, EURGBP has formed several Doji reversal patterns not far from the channel’s upside border. We may assume that later the market may rebound from this border. In this case, the downside target may be at 0.8650. However, one shouldn’t exclude an opposite scenario, which implies that the instrument may break the channel and continue growing with the target at 0.9000.
EURGBP
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP)
 
Ichimoku Cloud Analysis 08.04.2020 (BTCUSD, EURUSD, USDCAD) FROM RFXSIGNALS
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 7381.00; 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 7115.00 and then resume moving upwards to reach 8055.00. 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 6405.00. In this case, the pair may continue falling towards 5835.00.
BTCUSD
Ichimoku Cloud Analysis 08.04.2020 (BTCUSD, EURUSD, USDCAD)

EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.0844; 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 1.0845 and then resume moving downwards to reach 1.0625. 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 1.0985. In this case, the pair may continue growing towards 1.1075.
EURUSD
Ichimoku Cloud Analysis 08.04.2020 (BTCUSD, EURUSD, USDCAD)


USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.4028; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test the cloud’s downside border at 1.4050 and then resume moving downwards to reach 1.3885. 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 1.4145. In this case, the pair may continue growing towards 1.4235.
USDCAD
Ichimoku Cloud Analysis 08.04.2020 (BTCUSD, EURUSD, USDCAD)
 
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY) FROM RFXSIGNALS
08.04.2020
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is forming a new rising tendency as a reversal of the previous downtrend. After breaking 23.6% fibo, the first ascending impulse has stopped at 38.2% fibo at 1.2545. The short-term scenario may be described as a correction of the first impulse. After finishing the correction, the pair may start another impulse to the upside to reach 38.2%, 50.0%, and 61.8% fibo at 1.2545, 1.2892, and 1.3242 respectively. If the price breaks the low at 1.1409, the instrument may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.1365 and 1.0996 respectively.
GBPUSD_H4
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY)

The H1 chart shows a more detailed structure of the current correction. The target of this pullback is 38.2% fibo (1.2092).
GBPUSD_H1
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY)

EURJPY, “Euro vs. Japanese Yen”
As we can see in the H4 chart, after failing to break the local low at 116.13 and then falling towards 115.85, EURJPY may start a new growth or even a long-term ascending wave. The first signal of the new long-term tendency may be the price’s reaching 76.0% fibo at 121.25 and then breaking the high at 122.87. After breaking this level and forming a slight pullback, the instrument may resume growing to reach its long-term target at 38.2% fibo (124.13).
EURJPY_H4
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY)

The H1 chart a more detailed structure of the current uptrend. The pair has already reached 38.2% fibo and may continue growing towards 50.0% and 61.8% fibo at 119.50 and 120.29 respectively. The support is the low at 116.35.
EURJPY_H1
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY)
 
EURUSD is looking for consolidation. Overview for 08.04.2020 FROM RFXSIGNALS
08.04.2020
On Wednesday afternoon, the major currency pair is slightly falling but investors are looking for a consolidation area.
The Euro is falling against the USD on Wednesday. The current quote for the instrument is 1.0854.
Nothing important is happening: while the fundamental background is quite smooth, market players are obviously looking for support. They have enough time for both responding and reflecting.
The statistics published yesterday showed that the Consumer Credit in the USA went from being 12.1B in January to 22.3B in February against the expected reading of 13.9B. It means that the American population was in favor of lending programs even before the coronavirus pandemic due to low interest rates and stable personal income; they knew they had the money to pay for these credits. However, in March, the situation was not so optimistic.
There won’t be a lot of interesting numbers today. The only thing in the calendar that may seem interesting is the FOMC Meeting Minutes to be published in the evening. It’s not quite clear whether the regulator is going to publish a report for all of its scheduled and unscheduled meetings at once or for one at a time.
The report may provide insight into whether all members of the regulator were in favor of rate slashing or the Fed had other options. The more “transparent” the document, the better for the USD.
 
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP) FROM RFXSIGNALS
08.04.2020
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is no longer moving inside the rising channel. By now, the pair has formed a Hammer pattern not far from the support level. At the moment, the pair is starting to reverse. We may assume that later the price may correct towards 1.0770 and then resume the ascending tendency. At the same time, there is another scenario, which implies that the price may continue growing to reach 1.1030 without forming the correction towards 1.0770.
EURUSD
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP)

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 reversing after forming a Hammer pattern. Possibly, the price may reverse and grow to reach 110.10. The current situation implies that the instrument may yet resume falling towards 107.50 but this scenario is rather unlikely.
USDJPY
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP)

EURGBP, “Euro vs. Great Britain Pound”
As we can see in the H4 chart, the pair continues falling. After forming a Hammer pattern close to another support level and reversing, EURGBP has formed several Doji reversal patterns not far from the channel’s upside border. We may assume that later the market may rebound from this border. In this case, the downside target may be at 0.8650. However, one shouldn’t exclude an opposite scenario, which implies that the instrument may break the channel and continue growing with the target at 0.9000.
EURGBP
Japanese Candlesticks Analysis 08.04.2020 (EURUSD, USDJPY, EURGBP)
 
Forex Technical Analysis & Forecast 08.04.2020 FROM RFXSIGNALS
08.04.2020
EURUSD, “Euro vs US Dollar”
After breaking 1.0836 and then reaching 1.0926, EURUSD is trading downwards to1.0836. After that, the instrument may form one more ascending structure towards 1.0870 and then resume moving inside the downtrend with the target at 1.0820.
EURUSD
Forex Technical Analysis & Forecast 08.04.2020

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has finished the correctional structure at 1.2356; right now, it is forming another descending wave to reach 1.2176. Possibly, the pair may break this level to the downside and then continue moving inside the downtrend with the short-term target at 1.1988.
GBPUSD
Forex Technical Analysis & Forecast 08.04.2020

USDCHF, “US Dollar vs Swiss Franc”
After completing the descending wave at 0.9685, USDCHF is correcting towards 0.9733. Today, the pair may reach this level and then form a new descending structure with the target at 0.9679.
USDCHF
Forex Technical Analysis & Forecast 08.04.2020

USDJPY, “US Dollar vs Japanese Yen”
After finishing the structure of the first descending impulse at 108.44, USDJPY has returned to 108.95, 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 109.55; if to the downside – resume moving downwards with the target at 107.62.
USDJPY
Forex Technical Analysis & Forecast 08.04.2020

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.6106. Possibly, the pair may expand the range up to 0.6220 and then fall towards its downside border at 0.5920. After that, the instrument may break this level and start another correction with the target at 0.5822.
AUDUSD
Forex Technical Analysis & Forecast 08.04.2020


USDRUB, “US Dollar vs Russian Ruble”

USDRUB has finished the descending structure at 75.44. According to the main scenario, the price is expected to correct towards 77.30. Later, the market may resume trading downwards with the short-term target at 74.22.
USDRUB
Forex Technical Analysis & Forecast 08.04.2020

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD continues forming the fifth descending wave; after breaking 1.4060, it has reached 1.3944. Possibly, today the pair may test the broken level from below and then resume trading downwards with the short-term target at 1.3888. The key target is at 1.3812.
USDCAD
Forex Technical Analysis & Forecast 08.04.2020

XAUUSD, “Gold vs US Dollar”
Gold continues forming the descending wave towards 1635.77. Possibly, the pair may reach this level and then grow towards 1655.55. Later, the market may resume trading inside the downtrend to continue the correction with the short-term target at 1628.47. The key target is at 1615.30.
GOLD
Forex Technical Analysis & Forecast 08.04.2020

BRENT
Brent is consolidating around 31.65. Possibly, today the pair may fall towards 29.92 and then grow to return to 31.65. Later, the market may form a new descending structure to complete the correction at 29.33. After that, the instrument may resume trading upwards with the target at 35.86.
BRENT
Forex Technical Analysis & Forecast 08.04.2020

BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is still forming the ascending wave with the target at 7530.00. Later, the market may form the first descending impulse towards 6600.00. After that, the instrument may start a new correction with the key target at 5600.00.
BTCUSD
Forex Technical Analysis & Forecast 08.04.2020
 
Murrey Math Lines 08.04.2020 (USDJPY, USDCAD) FROM RFXSIGNALS
08.04.2020
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is trading above 5/8. In this case, the price is expected to break 6/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may continue trading upwards to reach the support at 3/8.
USDJPY_H4
Murrey Math Lines 08.04.2020 (USDJPY, USDCAD)

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 8/8 from the H4 chart.
USDJPY_M15
Murrey Math Lines 08.04.2020 (USDJPY, USDCAD)

USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, the pair is moving between 1/8 and 2/8. In this case, USDCAD may break 1/8 and then continue falling towards the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8. After that, the instrument may trade upwards to reach the resistance at 3/8.
USDCAD_H4
Murrey Math Lines 08.04.2020 (USDJPY, USDCAD)

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.
USDCAD_M15
Murrey Math Lines 08.04.2020 (USDJPY, USDCAD)
 


EURCAD today as we see here, the trend is strong bullish, you can buy it when the price going back to support area at 1.52613 with potential target up to 1.53269
 

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