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In the H4 chart, USDJPY is consolidating. In this case, the price may continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may start a new decline towards the support at 1/8.
AUDUSD is trading at 0.6715; 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 0.6725 and then resume moving downwards to reach 0.6575. Another signal to confirm further descending movement is the price's rebounding from Triangle'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 0.6785. In this case, the pair may continue growing towards 0.6905. After breaking Triangle's downside border and fixing below 0.6655, the price may continue moving downwards.
Japanese Candlesticks Analysis 03.09.2019 (GOLD, NZDUSD)
XAUUSD, "Gold vs US Dollar"
As we can see in the H4 chart, the ascending tendency continues. There was a gap at the beginning of the week; after completing another reversal pattern, Shooting Star, XAUUSD is still trading near the channel's upside border. Right now, the pair is trading sideways. The downside target may be at 1495.00. At the same time, we shouldn't exclude a possibility that the instrument may break the closest high, reach 1565.00 and continue forming the ascending channel.
AUDUSD is trading at 0.6813; 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 0.6765 and then resume moving upwards to reach 0.6960. Another signal to confirm further ascending movement is the price's rebounding from Triangle's upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud's downside border and fixes below 0.6695. In this case, the pair may continue falling towards 0.6595.
In the H4 chart, USDJPY is moving above 5/8. In this case, the price may break 6/8 and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may start a new decline towards the support at 3/8.
AUDUSD is trading at 0.6786; 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 0.6805 and then resume moving downwards to reach 0.6695. 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 0.6845. In this case, the pair may continue growing towards 0.6925.
Japanese Candlesticks Analysis 23.09.2019 (EURUSD, USDJPY)
EURUSD, "Euro vs. US Dollar"
As we can see in the H4 chart, the descending channel continues. Right now, EURUSD is reversing after forming Shooting Star reversal pattern. Later, the price may complete the correction and fall to reach 1.0970. However, one shouldn't exclude a possibility that the price may update its closest highs and continue growing towards 1.1111.
As we can see in the H4 chart, USDJPY has rebounded from the support at 5/8. In this case, the price is expected to resume growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may start a new decline towards the support at 3/8.
In the H4 chart, AUDUSD is consolidating. In this case, the pair 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. After that, the instrument may continue growing to reach the resistance at 7/8.
AUDUSD is trading at 0.6712; 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 0.6735 and then resume moving downwards to reach 0.6595. 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 0.6805. In this case, the pair may continue growing towards 0.6885.
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