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Forex Technical Analysis & Forecast by RoboForex

Discussion in 'Technical Analysis' started by RF roboforex, Aug 26, 2019.

  1. RF roboforex

    RF roboforex

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    Ichimoku Cloud Analysis 26.08.2019 (AUDUSD, NZDUSD, USDCAD)

    AUDUSD, “Australian Dollar vs US Dollar”

    AUDUSD is trading at 0.6731; 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 0.6740 and then resume moving downwards to reach 0.6605. 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 0.6810. In this case, the pair may continue growing towards 0.6905.

    [​IMG]

    NZDUSD, “New Zealand Dollar vs US Dollar”

    NZDUSD is trading at 0.6375; 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 0.6410 and then resume moving downwards to reach 0.6235. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6435. In this case, the pair may continue growing towards 0.6565.

    [​IMG]

    USDCAD, “US Dollar vs Canadian Dollar”

    USDCAD is trading at 1.3302; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3295 and then resume moving upwards to reach 1.3520. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.3255. In this case, the pair may continue falling towards 1.3175. After breaking Triangle’s upside border and fixing above 1.3345, the price may continue moving upwards.

    [​IMG]
     
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  3. RF roboforex

    RF roboforex

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    Fibonacci Retracements Analysis 28.08.2019 (GBPUSD, EURJPY)

    GBPUSD, “Great Britain Pound vs US Dollar”

    As we can see in the H4 chart, the correctional uptrend is heading towards 61.8% fibo at 1.2350. After completing the correction, GBPUSD may form a new descending structure to reach the support at 1.2015. The mid-term downside targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 1.2019 and 1.1788 respectively.

    [​IMG]

    More detailed structure of the current correction is shown on the H1 chart. Right now, the pair is re-testing 50.0% fibo. Later, the market may continue moving towards 61.8% fibo at 1.2350. At the same time, there is a divergence within the uptrend on MACD, which may indicate a forthcoming reverse.

    [​IMG]

    EURJPY, “Euro vs. Japanese Yen”

    As we can see in the H4 chart, after EURJPY broke the significant low, there was a convergence on MACD, which was later followed by the first correctional impulse towards 23.6% fibo. The next correctional targets may be 38.2%, 50.0%, and 61.8% fibo at 119.15, 119.95, and 120.76 respectively. The support is at 116.56.

    [​IMG]

    In the H1 chart, after completing the rising impulse, the pair is correcting to the downside and has already reached 61.8% fibo. Later, the market may continue the correction towards 76.0% fibo at 116.95.

    [​IMG]
     
  4. RF roboforex

    RF roboforex

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    Forex Technical Analysis & Forecast 30.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

    EURUSD, “Euro vs US Dollar”

    After reaching another target at 1.1055, EURUSD has returned to 1.1090; right now, it is forming another descending wave towards 1.1026. After that, the instrument may start a new correction to return to 1.1055 and then resume trading inside the downtrend with the target at 1.1016.

    [​IMG]
     
  5. RF roboforex

    RF roboforex

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    Fibonacci Retracements Analysis 03.09.2019 (EURUSD, USDJPY)

    EURUSD, “Euro vs US Dollar”

    As we can see in the H4 chart, after finishing the short-term pullback, EURUSD is forming a new descending impulse. It seems as if the previous low at 1.1027 couldn’t provide enough resistance to bears and now acts as the resistance for bulls. After breaking the previous low, the instrument continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.0942 and 1.0889 respectively.

    [​IMG]

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  6. RF roboforex

    RF roboforex

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    Fibonacci Retracements Analysis 11.09.2019 (GBPUSD, EURJPY)

    GBPUSD, “Great Britain Pound vs US Dollar”

    As we can see in the H4 chart, after testing the post-correctional extension area between 138.2% and 161.8% fibo at 1.2019 and 1.1786 respectively, GBPUSD is trading upwards and has already reached 38.2% fibo at 1.2423. The next upside targets may be 50.0% and 61.8% fibo at 1.2567 and 1.2710 respectively. The key support is at 1.1958.

    [​IMG]

    Read more - Fibonacci Retracements Analysis GBPUSD, EURJPY
     
  7. RF roboforex

    RF roboforex

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    Forex Technical Analysis & Forecast 13.09.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

    EURUSD, “Euro vs US Dollar”

    After finishing the descending wave at 1.0927 and almost forming Double Bottom pattern, EURUSD has completed the ascending impulse towards 1.1085; right now, it is consolidating around 1.1056. If later the price breaks this range to the upside, the instrument may resume trading upwards with the target at 1.1185; if to the downside – then start another decline to reach 1.1000.

    [​IMG]

    Read more - Forex Technical Analysis & Forecast EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD
     
  8. RF roboforex

    RF roboforex

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    Fibonacci Retracements Analysis 17.09.2019 (EURUSD, USDJPY)

    EURUSD, “Euro vs US Dollar”

    As we can see in the H4 chart, after reaching the post-correctional extension area between 138.2% and 161.8% fibo at 1.0942 and 1.0889 respectively again, EURUSD tried to grow and reach 61.8% fibo at 1.1126, but unsuccessfully. The current decline may be considered as a descending correction. The structure of this correction indicates uncertainty among investors, “turbulence” on the market, and a possibility of further expansion of the range, but the descending tendency is not over yet. Hence, the correction may yet continue to reach 61.8% and 76.0% fibo at 1.1126 and 1.1172 respectively in the short-term, but the key long-term targets are below the lows.

    [​IMG]

    Read more - Fibonacci Retracements Analysis EURUSD, USDJPY
     
  9. RF roboforex

    RF roboforex

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    Forex Technical Analysis & Forecast 19.09.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
    EURUSD, “Euro vs US Dollar”
    EURUSD has broken 1.1040 by completing the second descending impulse; right now, it is still moving downwards. Today, the pair may form the third impulse to reach 1.1006 and then resume growing with the target at 1.1040.
    [​IMG]
    Read more - Forex Technical Analysis & Forecast EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD
     
  10. RF roboforex

    RF roboforex

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    Ichimoku Cloud Analysis 23.09.2019 (AUDUSD, NZDUSD, USDCAD)

    AUDUSD, “Australian Dollar vs US Dollar”

    AUDUSD is trading at 0.6776; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6785 and then resume moving downwards to reach 0.6685. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6835. In this case, the pair may continue growing towards 0.6915.

    [​IMG]

    Read more - Ichimoku Cloud Analysis 23.09.2019 (AUDUSD, NZDUSD, USDCAD)
     
  11. RF roboforex

    RF roboforex

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    Fibonacci Retracements Analysis 25.09.2019 (GBPUSD, EURJPY)

    GBPUSD, “Great Britain Pound vs US Dollar”

    As we can see in the H4 chart, there was a divergence on MACD, which made the pair start a new descending tendency after reaching 50.0% fibo. GBPUSD is slowly falling to reach 23.6% fibo, but a local ascending impulse hints at a new growth towards the high at 1.2518 and then mid-term 61.8% fibo at 1.2710. However, the key scenario implies further decline towards 38.2%, 50.0%, and 61.8% fibo at 1.2344, 1.2270, and 1.2197 respectively.

    [​IMG]

    Read more - Fibonacci Retracements Analysis GBPUSD, EURJPY
     
  12. RF roboforex

    RF roboforex

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    Forex Technical Analysis & Forecast 27.09.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

    EURUSD, “Euro vs US Dollar”

    After reaching the downside target at 1.0920 and completing the correction towards 1.0966, EURUSD started another decline with the target at 1.0868 and has already broken 1.0922 to expand the range downwards. After that, the instrument may test 1.0922 from below and then resume trading inside the downtrend with the target at 1.0882.

    [​IMG]

    Read more - Forex Technical Analysis & Forecast EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD
     
  13. RF roboforex

    RF roboforex

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    Fibonacci Retracements Analysis 01.10.2019 (EURUSD, USDJPY)

    EURUSD, “Euro vs US Dollar”

    As we can see in the H4 chart, after finishing the correction by breaking the key low, EURUSD has closed the first post-correctional extension area between 138.2% and 161.8% fibo at 1.0942 and 1.0889 respectively. The current decline is heading towards the next post-correctional extension area between 138.2% and 161.8% fibo at 1.0856 and 1.0813 respectively. The long-term downtrend is looking quite stable, but there is a convergence on MACD, which may indicate a possible reverse soon. The resistance is at 1.1110.

    [​IMG]

    Read more - Fibonacci Retracements Analysis EURUSD, USDJPY
     
  14. RF roboforex

    RF roboforex

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    Forex Technical Analysis & Forecast 02.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
    After finishing the correction at 1.0940, EURUSD is consolidating near the highs. Possibly, the pair may expand the range towards 1.0943 and then form a new descending structure to reach 1.0924. Later, the market may break the range to the downside and continue trading inside the downtrend with the target at 1.0907.

    [​IMG]

    Read more - Forex Technical Analysis & Forecast EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD
     
    Last edited: Oct 3, 2019
  15. RF roboforex

    RF roboforex

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    Japanese Candlesticks Analysis 03.10.2019 (USDCAD, AUDUSD)

    USDCAD, “US Dollar vs Canadian Dollar”

    As we can see in the H4 chart, after forming several reversal patterns close to the rising channel’s downside border and reversing, USDCAD has formed Shooting Star pattern in the center of the channel, which may indicate a new correction before the price continues growing towards 1.3372. However, we shouldn’t ignore another scenario, according to which the instrument may fall and return to 1.3200.

    [​IMG]

    Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD
     
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    RF roboforex

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    Murrey Math Lines 04.10.2019 (EURUSD, GBPUSD)

    EURUSD, “Euro vs. US Dollar”

    In the H4 chart, EURUSD is consolidating. In this case, the price is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling towards the support at 1/8.

    [​IMG]

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    RF roboforex

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    Ichimoku Cloud Analysis 07.10.2019 (AUDUSD, NZDUSD, USDCAD)

    Ichimoku Cloud Analysis 07.10.2019 (AUDUSD, NZDUSD, USDCAD)

    AUDUSD is trading at 0.6747; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6760 and then resume moving downwards to reach 0.6595. 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 0.6805. In this case, the pair may continue growing towards 0.6885.

    [​IMG]

    Read more - Ichimoku Cloud Analysis 07.10.2019 (AUDUSD, NZDUSD, USDCAD)
     
  18. RF roboforex

    RF roboforex

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    Fibonacci Retracements Analysis 08.10.2019 (EURUSD, USDJPY)

    EURUSD, “Euro vs US Dollar”

    As we can see in the H4 chart, the convergence made the pair finish its decline at 1.0879 and start a new ascending tendency. However, one shouldn’t exclude the possibility that EURUSD may yet break the low and continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.0856 and 1.0812 respectively. At the same time, according to the main scenario, the price is expected to reverse upwards. By now, the instrument has already reached 23.6% fibo and may continue growing towards 38.2%, 50.0%, and 61.8% fibo at 1.1021. 1.1064, and 1.1108 respectively to confirm the reversal and the long-term tendency change.

    [​IMG]

    Read more - Fibonacci Retracements Analysis EURUSD, USDJPY
     
  19. RF roboforex

    RF roboforex

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    Forex Technical Analysis & Forecast 09.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

    EURUSD, “Euro vs US Dollar”

    EURUSD has finished another descending wave at 1.0945; right now, it is consolidating above this level. Possibly, the pair may start another correction to the upside and reach 1.0967. Later, the market may form a new descending structure to break 1.0940 and then continue trading inside the downtrend with the target at 1.0920.

    [​IMG]

    Read more - Forex Technical Analysis & Forecast 09.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
     
  20. RF roboforex

    RF roboforex

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    Japanese Candlesticks Analysis 10.10.2019 (GOLD, NZDUSD)

    XAUUSD, “Gold vs US Dollar”

    As we can see in the H4 chart, the ascending tendency continues. After forming Shooting Star reversal pattern close to the resistance level, XAUUSD is moving sideways and testing the rising channel’s downside border. If the pair continues growing, it may return to 1531.00 to continue forming the ascending tendency. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may resume falling to reach 1485.00.

    [​IMG]

    Read more - Japanese Candlesticks Analysis GOLD, NZDUSD
     
  21. RF roboforex

    RF roboforex

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    Murrey Math Lines 11.10.2019 (EURUSD, GBPUSD)

    EURUSD, “Euro vs. US Dollar”

    In the H4 chart, EURUSD is still consolidating at 5/8. In this case, the price is expected to break this level and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling towards the support at 2/8.

    [​IMG]

    Read more - Murrey Math Lines EURUSD, GBPUSD