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Forex Analysis & Reviews: Forecast for AUD/USD on February 8, 2022

As of this morning, the growth situation looks unambiguous for the Australian dollar. The price turned up from the target level of 0.7065 supported by a strong price convergence with the Marlin Oscillator on the daily scale chart. The first growth target is 0.7190, the second target is 0.7227, the third target is 0.7291 – the low of July 2021. A price delay is likely in the 0.7190-0.7227 range, since the MACD line is located in it.



On the four-hour chart, the price is above both indicator lines, the Marlin Oscillator is in the upward trend zone. It is interesting to note here that the targets at 0.7190 and 0.7291 coincide with the 110.0% and 161.8% Fibonacci levels. The 0.7291 target will probably be fulfilled. It is likely to be corrected.



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Forex Analysis & Reviews: Forecast for AUD/USD on February 9, 2022

The Australian dollar's growth by 20 points from yesterday confirmed its main scenario of moving into the range of 0.7190-0.7227. The MACD indicator line is located in this range, and here the main question will be decided - whether the price will settle above it and continue its medium-term growth, or turn into a medium-term fall, possibly with the formation of a double convergence.



Growth continues without a hitch on the four-hour scale. The price is growing above the balance and MACD lines, the Marlin Oscillator is in the positive area. We are waiting for the price to enter the specified range of 0.7190-0.7227 and follow its further behavior.



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Forex Analysis & Reviews: Forecast for EUR/USD on February 10, 2022

Today, the US will release data on inflation for January. Monthly CPI growth is projected to increase by 0.5%, the annual rate is expected at 7.3% against 7.0% y/y a month earlier. Core CPI is expected to rise to 5.9% y/y against 5.5% y/y in December. The first sign that the big players were tired of buying the euro against the data appeared last Friday and this Monday - the euro did not settle in the 1.1450/96 range with the release of strong US employment data. Now, if inflationary indicators turn out to be no worse than forecasted, we can expect the euro to fall. The target remains the same – 1.1300 – the August 2018 low. Below this level is the MACD indicator line, which is an independent support.



Also in favor of the fall is the increasing convergence of the price with the Marlin Oscillator. In general, the convergence is not strong, therefore, if the signal line of the oscillator does not go into negative territory during the price decline, the price and the oscillator may turn into a medium-term increase, as shown on the daily chart by a dashed line.



The downward trend is intensifying on the H4 chart. The price has lost momentum, has not consolidated in the range of 1.1450/96, the Marlin Oscillator is developing a decline in the downward trend zone. But the price still has support, up to the level of 1.1300 – the MACD line on H4 in the area of 1.1340. In the end, it may turn out that the bulls' affairs are not so bad. And if the euro may fall by today or tomorrow, then next week investors may again show interest in risk.

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Forex Analysis & Reviews: Forecast for USD/JPY on February 11, 2022

The dollar's effort to settle above the MACD indicator line on the daily chart of the USD/JPY pair was not in vain - yesterday the price jumped by 86 points, closing the day with a rise of 52 points. Now the way for the dollar to the line of the price channel of the monthly chart in the area of 117.17 is open.



On the four-hour chart, visually stable growth continues in the price channel. The Marlin Oscillator is in no hurry to grow, which allows the price to reach the lower border of the price channel either by a small correction, or by a sideways movement - by consolidation. Next, we are waiting for a new wave of growth.



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Forex Analysis & Reviews: Forecast for AUD/USD on February 14, 2022

The Australian dollar fell by 30 points on Friday. As a result, we got the following technical picture: the signal line of the Marlin Oscillator made a false exit above the zero line (this moment is marked with a tick), thus forming the upper limit of its own descending channel. This channel has a middle line, which corresponds to the target level of 0.7065. We believe that the price will hesitate a bit at this level, but then it will continue to decline towards the target of 0.6950, which (in visual estimation) will correspond to the lower border of the oscillator's descending channel.



On the four-hour chart, the Marlin Oscillator also made a false exit above the zero line (tick), and the price is now attacking the support of the MACD line (0.7115). Now the aussie's closest target is the level of 0.7065.



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Forex Analysis & Reviews: Forecast for USD/JPY on February 15, 2022

On Monday, under the influence of external markets, the USD/JPY traded in a large range of 74 points, closing the day was a white candle, but the price could not effectively overcome the resistance of the MACD line. In today's Asian session, the body of yesterday's candle is already covered by a black candle. The Marlin Oscillator resumes its attack on the border with the territory of the downward trend, the divergence persists. The target of the medium-term movement is the line of the price channel of the monthly chart in the area of 113.33.



On the four-hour chart, after yesterday's short-term exit of the price above the MACD line, the price has already settled below it. The Marlin Oscillator turned down without leaving the territory of the downward trend. Looking forward to further price cuts.



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Forex Analysis & Reviews: Forecast for EUR/USD on February 16, 2022

Yesterday, the euro rose by 53 points as a correction from the support of the MACD line. At the moment, the signal line of the Marlin Oscillator is turning down from the zero line, which creates a sign of the completion of this correction, followed by a repeated attack on the MACD line. The 1.1300 target level is being modified to the 1.1280 level – Monday's low. Consolidation below the level opens the way for further decline to the target level of 1.1060. The exit of the price above the December 31 high at 1.1387, as above the upper limit of the consolidation of December 2021, may extend the euro's growth to the level of 1.1496, and overcoming it opens the way to the target range of 1.1700/22.



The price is turning down from the MACD line on the four-hour chart. At the same time, the signal line of the Marlin Oscillator is also turning down from the zero neutral line. Here we see a simultaneous (expected) Marlin reversal from the zero line on both scales, which strengthens the signal. The main scenario remains down.



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Forex Analysis & Reviews: Forecast for EUR/USD on February 17, 2022

The euro rose by 13 points on Wednesday, testing the signal level of 1.1387 (high on December 31), the exit above which opens the bullish target level of 1.1496. The Marlin Oscillator moved into the positive area. Conditions for further growth are almost ready. But the price is currently in the range of nearly a two-month consolidation at the end of 2021, near its upper border (1.1387), so there are probably forces on the market that can return the price to a certain neutral state, to the middle of the range, below the level of 1.1330, in order to once again clarify the general geopolitical situation and the mood of the Federal Reserve.



The MACD line is strong on the four-hour scale; it prevents the price from overcoming the level of 1.1387, despite the actively growing Marlin Oscillator. Here we also note that the price is below the balance line, that is, the euro growth of the last three days was corrective. So, at the moment, the euro has a sideways trend.



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Forex Analysis & Reviews: Forecast for AUD/USD on February 18, 2022

The Australian dollar failed to reach the target level of 0.7227 yesterday - external markets did not allow it to reach the level by only nine points; S&P 500 lost 2.12% yesterday, the US dollar index showed zero change, copper lost 0.49% of its value. But on a daily scale, the price managed to stay above the MACD indicator line until this morning, the Marlin Oscillator is in the positive area, so the aussie's growth potential is still not exhausted. Another thing is whether investors will want to once again outperform the market when a double Federal Reserve rate hike in March is in the air. But we can also talk about a fall to the target level of 0.7065 only when the price settles under the MACD line, which can happen no earlier than Monday.



AUD/USD maintains its full upward trend on the 4-hour chart – the price is above both indicator lines, the Marlin Oscillator is in the positive area. A downward signal will be the price moving under the MACD line below 0.7157.



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Forex Analysis & Reviews: Forecast for EUR/USD on February 21, 2022

The euro fell by 39 points on Friday, clearly defining the downward direction, confirmed by a sharp downward reversal of the Marlin Oscillator on the daily scale chart. Since the movement is strong, we expect the support of the 1.1280 target level (February 14 low) to be broken, which coincides with the MACD indicator line. The price drop below the indicated level opens the target at 1.1060.



But today is a public holiday in the US, and although the price almost won back Friday's fall in the morning, we do not expect the price to break above the signal level of 1.1387.



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