Announcement

Collapse
No announcement yet.

Forex Technical Analysis & Forecast by RoboForex

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Murrey Math Lines 14.09.2020 (EURUSD, GBPUSD)

    EURUSD, “Euro vs. US Dollar”

    As we can see in the H4 chart, EURUSD is moving at 6/8. In this case, the price is expected to break this level and continue falling towards the support at 4/8. However, this scenario may no longer be valid if the price breaks 7/8 to the upside. After that, the instrument may continue growing to reach the closest resistance at 8/8.



    Read more - Murrey Math Lines EURUSD, GBPUSD

    Comment


    • Forex Technical Analysis & Forecast 15.09.2020

      EURUSD, “Euro vs US Dollar”

      EURUSD is no longer consolidating within a Triangle pattern; after reaching 1.1890, it has broken this level to the upside. At the moment, the pair is trying to break the mid-term resistance line and start a new ascending structure. However, before starting this wave, the asset must test the line from above and rebound towards 1.1960. The support area is at 1.1852. one should note that the MACD indicator is forming a divergence, which may hint at a possible reversal after the instrument reaches 1.1960.



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

      Comment


      • Murrey Math Lines 16.09.2020 (USDJPY, USDCAD)

        USDJPY, “US Dollar vs. Japanese Yen”

        In the H4 chart, USDJPY is moving below the 200 Moving Average, thus indicating a descending tendency. In this case, the price is expected to continue falling towards the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing to reach the resistance at 3/8.



        Read more - Murrey Math Lines USDJPY, USDCAD

        Comment


        • Japanese Candlesticks Analysis 17.09.2020 (GOLD, NZDUSD, GBPUSD)


          XAUUSD, “Gold vs US Dollar”

          As we can see in the H4 chart, the pair is still correcting withing the rising tendency. After finishing several reversal patterns, such as Hammer, XAUUSD continues trading not far from the support area. Possibly, the price may reverse and start a new growth towards 2000.00. At the same time, an opposite scenario implies that the price may fall with the target at 1925.00.



          Read more - Japanese Candlesticks Analysis GOLD, NZDUSD, GBPUSD

          Comment


          • Ichimoku Cloud Analysis 18.09.2020 (BRENT, CADJPY, GBPUSD)

            BRENT

            Brent is trading at 43.97; 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 42.95 and then resume moving upwards to reach 46.80. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 39.90. In this case, the pair may continue falling towards 38.05.



            Read more - Ichimoku Cloud Analysis BRENT, CADJPY, GBPUSD

            Comment


            • Fibonacci Retracements Analysis 21.09.2020 (GOLD, USDCHF)

              XAUUSD, “Gold vs US Dollar”

              As we can see in the H4 chart, XAUUSD is still correcting within the Triangle pattern around 23.6% fibo after the divergence. In this case, the pair has equal chances of breaking the pattern both upwards and downwards. If the price starts a new descending wave, the targets will be 38.2% and 50.0% fibo at 1836.50 and 1763.30 respectively. However, if the pair breaks the pattern to the upside, the instrument may form a new ascending impulse to reach the resistance at the high at 2074.75.



              Read more - Fibonacci Retracements Analysis GOLD, USDCHF

              Comment


              • Forex Technical Analysis & Forecast 22.09.2020

                EURUSD, “Euro vs US Dollar”

                After breaking 1.1830 to the downside and then reaching 1.1731, EURUSD is consolidating above the latter level. Possibly, the pair may correct towards 1.1794 and then resume trading within the downtrend with the short-term target at 1.1720.



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

                Comment


                • Japanese Candlesticks Analysis 23.09.2020 (USDCAD, AUDUSD, USDCHF)

                  USDCAD, “US Dollar vs Canadian Dollar”

                  As we can see in the H4 chart, the rising tendency continues. By now, after testing the resistance area and forming several reversal patterns, such as Shooting Star, USDCAD has failed to reverse, at the moment, it is still growing to reach resistance level. In this case, the upside target may be at 1.3410. However, an alternative scenario implies that the instrument may fall and correct towards 1.3270.



                  Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF

                  Comment


                  • Ichimoku Cloud Analysis 24.09.2020 (GOLD, BRENT, EURJPY)

                    XAUUSD, “Gold vs US Dollar”

                    XAUUSD is trading at 1853.00; 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 1875.00 and then resume moving downwards to reach 1805.00. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1905.00. In this case, the pair may continue growing towards 1935.00.



                    Read more - Ichimoku Cloud Analysis GOLD, BRENT, EURJPY

                    Comment


                    • Forex Technical Analysis & Forecast 25.09.2020

                      EURUSD, “Euro vs US Dollar”

                      After finishing another descending structure at 1.1626 and then returning to 1.1680, EURUSD is consolidating below the latter level. If later the price breaks this range to the upside, the market may continue the correction towards 1.1700 and then even reach 1.1740; if to the downside – resume trading within the downtrend with the target at 1.1600.



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

                      Comment


                      • Fibonacci Retracements Analysis 28.09.2020 (GOLD, USDCHF)


                        XAUUSD, “Gold vs US Dollar”

                        As we can see in the H4 chart, XAUUSD has finished the correction by breaking the Triangle pattern downwards; after reaching 38.2% fibo at 1836.50, the pair has failed to break it yet, which may indicate a possible local pullback. If the price breaks 38.2% fibo, it may continue falling to reach 50.0% and 61.8% fibo at 1763.30 and 1690.00 respectively. The resistance remains at the high at 2074.75.



                        Read more - Fibonacci Retracements Analysis GOLD, USDCHF

                        Comment


                        • Forex Technical Analysis & Forecast 29.09.2020


                          EURUSD, “Euro vs US Dollar”

                          After finishing the ascending structure at 1.1640 and breaking it to the upside, EURUSD is expected to continue the correction towards 1.1690. Later, the market may break this level downwards and form a new descending structure with the target at 1.1600, at least.



                          Read more - Forex Technical Analysis & Forecast 29.09.2020

                          Comment


                          • Japanese Candlesticks Analysis 30.09.2020 (EURUSD, USDJPY, EURGBP)


                            EURUSD, “Euro vs. US Dollar”

                            As we can see in the H4 chart, the asset is finishing the correction within the downtrend. By now, EURUSD has formed several reversal patterns, such as Harami, close to the channel’s upside border. Possibly, the pair may reverse and resume its decline. In this case, the downside target may be the next support level at 1.1560.



                            Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP

                            Comment


                            • Ichimoku Cloud Analysis 01.10.2020 (XAUUSD, BRENT, GBPUSD)


                              XAUUSD, “Gold vs US Dollar”

                              XAUUSD is trading at 1893.00; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1905.00 and then resume moving downwards to reach 1820.00. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1925.00. In this case, the pair may continue growing towards 1945.00. To confirm further decline, the asset must break the rising channel’s downside border and fix below 1860.00.



                              Read more - Ichimoku Cloud Analysis XAUUSD, BRENT, GBPUSD

                              Comment


                              • Japanese Candlesticks Analysis 02.10.2020 (USDCAD, AUDUSD, USDCHF)


                                USDCAD, “US Dollar vs Canadian Dollar”

                                As we can see in the H4 chart, the rising tendency continues. By now, after testing the support area and forming several reversal patterns, such as Hammer, USDCAD is expected to reverse and get back inside the rising channel. In this case, the upside target may be at 1.3430. However, an alternative scenario implies that the instrument may fall and correct towards 1.3255.



                                Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF

                                Comment

                                Working...
                                X