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Forex Technical Analysis & Forecast by RoboForex

Forex Technical Analysis & Forecast 09.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is forming the third descending wave towards 1.1026. After that, the instrument may correct to reach 1.1067 and then resume trading inside the downtrend with the first target at 1.1019.

EURUSDH1.png


Read more - Forex Technical Analysis & Forecast EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD
 
Fibonacci Retracements Analysis 10.12.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the convergence made the pair stop falling and start a new rising wave, but investors seem to be afraid or insecure of growth prospects and want to wait for some catalysts like statistics or news, that’s why the price was correcting to the downside after growing a little bit. Judging by the current price movement, EURUSD may yet resume trading upwards. A new rising wave will head towards 61.8% and 76.0% fibo at 1.1208 and 1.1248 respectively.

EURUSDH4.png


Read more - Fibonacci Retracements Analysis EURUSD, USDJPY
 
Forex Technical Analysis & Forecast 11.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)



EURUSD has completed the ascending wave at 1.1097; right now, it is consolidating at the top. Possibly, the pair may expand this range downwards and upwards, 1.1074 and 1.1084 respectively. If later the price breaks this range to the upside, the market may choose an alternative scenario and continue moving upwards to reach 1.1114; if to the downside – resume trading inside the downtrend with the first target at 1.1065.

EURUSDH1.png


Read more - Forex Technical Analysis & Forecast EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD
 
Japanese Candlesticks Analysis 12.12.2019 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After completing several reversal patterns, including Inverted Hammer, close to the channel’s downside, XAUUSD is trying to reverse. In this case, the price may form a slight correction and resume growing with the upside target at 1488.88. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1455.55.

XAUUSD.png


Read more - Japanese Candlesticks Analysis GOLD, NZDUSD
 
Murrey Math Lines 13.12.2019 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”

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

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Read more - Murrey Math Lines EURUSD, GBPUSD
 
Ichimoku Cloud Analysis 16.12.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6870; 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 0.6855 and then resume moving upwards to reach 0.6980. 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 0.6795. In this case, the pair may continue falling towards 0.6695.

audusd-h4-roboforex-16122019.png


Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD
 
Fibonacci Retracements Analysis 17.12.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after updating the high, EURUSD has almost reached 61.8% fibo at 1.1208. Right now, the pair is correcting to the downside and may later continue the rising wave towards 61.8% and 76.0% fibo at 1.1208 and 1.1284 respectively.

EURUSDH4.png


Read more - Fibonacci Retracements Analysis EURUSD, USDJPY
 
Murrey Math Lines 18.12.2019 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is moving inside the “overbought area”. In this case, the price is expected to break 8/8 and then continue falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks +1/8 to the upside. After that, the instrument may start a new growth towards the resistance at +2/8.

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Read more - Murrey Math Lines USDJPY, USDCAD
 
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