Daily technical & fundamental analysis for multi-forex pairs

Buy GBP/CHF
We looked at major pairs GBP/USD and USD/CHF to enter buy in GBP/CHF

Here is what we see on GBP/USD.
D1/Daily time-frame:
GBPUSD D1, Jan 17, 2020.png


H4 time-frame:
GBPUSD H4, Jan 17, 2020.png


Observation of fundamental factors: GBP/USD fell on negative CPI data from the UK and bounced up from H4 uptrend line, it behaved in same way after falling following positive Retail Sales data from the US. Negative data thus are causing just downward retracement and GBP/USD is able to reestablish uptrend after it.



Besides my existing temporary bullish bias on USD/CHF illustrated by in previous analysis, here is what we further see on USD/CHF:
USDCHF H4, Jan 17, 2020.png


Here is how we have entered buy in GBP/CHF:
GBPCHF H1 Jan 17, 2020.png
 
EUR/USD analysis | Jan 21, 2020
Note that we have entered split sell positions in EUR/JPY along with EUR/USD. Reason of choosing JPY as counter currency has been explained in GBP/USD, USD/JPY and GBP/JPY analysis | Jan 21, 2020




GBP/USD, USD/JPY and GBP/JPY analysis | Jan 21, 2020


Update on NZD/CHF & AUD/CHF by | Jan 21, 2020
 
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Buy AUD/USD | Jan 23, 2020
After making two similar upswings and three similar downswings, it seems like AUD/USD stayed above rising trend line of D1/daily time-frame waiting for employment data today. Like last three positive data from AU in Jan, today's released employment change as well as unemployment rate beat expectation too. Having touched the trend line, AUD reacted to upside right from trend-line; which made a nice harmonic scenario in line with previous harmonic up and down swings.
This scenario may form an upswing similar to previous upswings, or it may cause at least 50% retracement against the whole move down.
Note that last three consecutive positive data from AU had caused nice upward move between Jan 10 and Jan 16. Therefore, AUD/USD is more likely to move up in same or stronger manner after this 4th consecutive positive data.
AUD USD D1, Jan 23, 2020.png



After formation of a classical ABCD reversal pattern (where in CD is 127.2% of BC irrespective of length of AB) on H4 time-frame, the trend has shifted bullish with this upward thrust. This pattern suggests that price may go up and take out C.
AUD USD H4, Jan 23, 2020.png



Here is what we see on H1 time-frame. It also shows how we are entering.
AUD USD H1, Jan 23, 2020.png



Risk: The setup will fail if price will fall below point D shown on H4 time-frame.
 
Buy CAD/JPY
USD/JPY, USD/CAD and CAD/JPY analysis | Jan 23, 2020.

WHO didn't declare international virus situation, so safe haven JPY is losing against its recent minor gain that was just 38.2 of total loss against USD.
USD JPY Jan 23, 2020.png



USD/CAD is also retracing down after upward thrust caused by BOC yesterday.
USD CAD Jan 23, 2020.png



Having looked at scenarios of USD/JPY and USD/CAD (major pairs), it's good idea to buy CAD/JPY. Here is how we bought CAD/JPY:
CAD JPY Jan 23, 2020.png
 
EUR/USD analysis | Jan 27, 2020
Addition in analysis: If FOMC statement tomorrow will be dovish and if advance US GDP release on Thursday will be less than forecast, it will help EUR/USD to retrace up.

 
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