Daily Analysis Report 06 Jan '2022

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EnclaveFX
Jan 06, 2022
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Comparison and Analysis of Multiple Currency Pairs

Today’s forecast of EUR/AUD:

Let’s look at the four-hour chart. The Tenkan-sen line is higher than the Kijun-sen line, the red line points upwards, and the blue line is horizontal. The Chikou Span confirmation line is above the price chart, and the present cloud is declining. The gadget has made its way into the cloud. One of the preceding Chikou Span line minimums is likely to act as a support level (1.5813). The Kijun-sen line is the closest level of resistance (1.5658).

The Tenkan-sen line lies below the Kijun-sen line on the daily chart, and the lines are horizontal. The Chikou Span confirmation line is below the price chart, and the present cloud increases. The gadget has made its way into the cloud. One preceding Chikou Span line minimums is likely to act as a support level (1.5818). The Kijun-sen line is the closest level of resistance (1.5665).

The instrument is trading within the cloud on the four-hour chart. The tool is changing within the shadow on the daily chart. Opening positions at the current price are not recommended. At the cloud’s edges, pending orders should be placed: sell at 1.5695, with a Take Profit of 1.5584 and a Stop Loss of 1.5745; buy at 1.57340, with a Take Profit of 1.5842 a Stop Loss of 1.5684.

Today’s forecast for NZD/USD: 
 

The upward wave of the higher level (A) of B was created on the daily chart, and a downward correction as the wave (B) of B developed, within which the formation of the wave C of (B) began. Now that the first wave of the lower level I of C has formed, developing a local correction as wave ii of C is nearing completion. In this wave, (c) of ii is developing, the formation of a local correction as wave ii of C is nearing completion. If the assumption is correct, the pair will fall to 0.6466–0.6224 after the correction is completed. The actual stop-loss threshold, in this case, is 0.6975.

The primary scenario

Short positions will become meaningful after the correction is completed, below 0.6975, with objectives of 0.6466–0.6224. Time to implement: 7 days or more.

A different scenario

The pair will grow to levels of 0.7215–0.7460 if the price breaks out and consolidates above the level of 0.6975.

Today’s forecast for AUD/USD:

On the daily chart, the first wave of the higher level (1) of C formed, and the second wave of C started as a downward correction. The wave C of (2) is currently creating, within which the first wave of the lower level I of C has developed and a local correction as the wave ii of C has been completed. If the assumption is correct, the pair will fall to 0.6742–0.6446 after the rectification is completed. The actual stop-loss threshold in this scenario is 0.7343.

The primary scenario

Short positions will become significant after the correction is completed, below 0.7343, with objectives of 0.6742–0.6446. Time to implement: 7 days or more.

A different scenario

The pair will grow to levels of 0.7558–0.7871 if the price breaks out and consolidates above the level of 0.7343.C