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Forex Technical Analysis & Forecast by RoboForex

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  • Murrey Math Lines 06.04.2021 (AUDUSD, NZDUSD)


    AUDUSD, "Australian Dollar vs US Dollar"

    On H4, the quotations have escaped the oversold area and are now trading above 1/8. We currently expect it to grow to 2/8. If this level is overcome, this will mean further growth to the resistance at 3/8. The scenario can be canceled by a breakaway of 1/8 downwards. In this case, the pair will return to 0/8.



    Read more - Murrey Math Lines AUDUSD, NZDUSD

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    • Forex Technical Analysis and Forecast 07.04.2021



      EURUSD, “Euro vs US Dollar”

      The currency pair formed a consolidation area around 1.1808 and broke it away upwards. Practically, the market suggested the extension og the wave of growth. Today the market has reached the local goal of this extension at 1.1877. We expect a new vonsolidation are to form under 1.1877, which might extend to 1.1880. Then the price might escape this range downwards, correcting to 1.1803 (a test from above) and then grow to 1.1909.



      Read more - Forex Technical Analysis & Forecast 07.04.2021
      Last edited by RF roboforex; 04-07-2021, 09:26 AM.

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      • Fibonacci Retracement Analysis 08.04.2021 (BRENT, Dow Jones)


        Brent

        On H4, the situation has hardly changed. The quotations are forming a consolidation channel. After a test of a long-term Fibo level of 76.0% and a divergence, the wave of decline is just nearing the first target level of 23.6% (58.00). The next goals might be 38.2% (49.94) and 50.0% (43.46). A breakaway of the high of 71.07 might signal the end of the correction and further growth to the fractal high of 87.09.



        Read more - Fibonacci Retracements Analysis BRENT, Dow Jones

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        • Japanese Candlestick Analysis 09.04.2021 (USDCAD, AUDUSD, USDCHF)


          USDCAD, "US Dollar vs Canadian Dollar"

          On H4, the pair has formed several reversal patterns at the resistance line, including a Shooting star. Going by the patterns will currently make the quotations decline to the support level of 1.2455. Upon testing the support level, tge quotations might go on developing the downtrend. However, the price might still return to the resistance level at 1.2625 before resuming the downtrend.



          Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF

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          • Ichimoku Cloud Analysis 12.04.2021 (EURUSD, GBPUSD, EURGBP)


            EURUSD, “Euro vs US Dollar”

            EURUSD is trading at 1.1889; 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 1.1860 and then resume moving upwards to reach 1.2075. Another signal in favor of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1775. In this case, the pair may continue falling towards 1.1665.



            Read more - Ichimoku Cloud Analysis EURUSD, GBPUSD, EURGBP

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            • Murrey Math Lines 13.04.2021 (AUDUSD, NZDUSD)


              AUDUSD, “Australian Dollar vs US Dollar”

              In the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 0/8, rebound from it, and then resume moving downwards to reach the support at -1/8. However, this scenario may be canceled if the price breaks 1/8 to the upside. After that, the instrument may grow towards the resistance at 2/8.



              Read more - Murrey Math Lines AUDUSD, NZDUSD

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              • Forex Technical Analysis & Forecast 14.04.2021


                EURUSD, “Euro vs US Dollar”

                After rebounding from 1.1877, EURUSD has broken 1.1920 to the upside. Possibly, today the pair may grow to reach 1.1967 and then start a new correction to test 1.1920 from above. Later, the market may resume trading upwards to reach 1.1980 and then form a new descending structure with the first target at 1.1860.



                Read more - Forex Technical Analysis & Forecast 14.04.2021

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                • Fibonacci Retracements Analysis 15.04.2021 (Brent, Dow Jones)


                  Brent

                  In the H4 chart, after failing to reach 23.6% fibo at 58.00, Brent is moving upwards again, probably to update the high at 71.07, a breakout of which may result in a further uptrend towards the fractal high at 87.09. At the same time, the asset may yet rebound from the high and resume falling. In this case, the next downside targets might be 23.6, 38.2%, and 50.0% fibo at 58.00, 49.94, and 43.46 respectively.



                  Read more - Fibonacci Retracements Analysis Brent, Dow Jones

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                  • Japanese Candlesticks Analysis 16.04.2021 (GOLD, NZDUSD, GBPUSD)


                    XAUUSD, “Gold vs US Dollar”

                    As we can see in the H4 chart, the ascending tendency continues. After forming several reversal patterns, such as Harami, close to the resistance level, XAUUSD may reverse and start a new pullback towards the support area. In this case, the correctional target may be at 1753.00. At the same time, an opposite scenario implies that the price may continue growing to reach 1785.00 without testing the support level.



                    Read more - Japanese Candlesticks Analysis GOLD, NZDUSD, GBPUSD

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                    • Ichimoku Cloud Analysis 19.04.2021 (XAUUSD, NZDUSD, AUDCHF)


                      XAUUSD, “Gold vs US Dollar”

                      XAUUSD is trading at 1776.00; 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 1750.00 and then resume moving upwards to reach 1830.00. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1705.00. In this case, the pair may continue falling towards 1635.00.



                      Read more - Ichimoku Cloud Analysis XAUUSD, NZDUSD, AUDCHF

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                      • Murrey Math Lines 20.04.2021 (AUDUSD, NZDUSD)


                        AUDUSD, “Australian Dollar vs US Dollar”

                        In the H4 chart, AUDUSD is approaching the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then resume moving downwards to reach the support at 5/8. However, this scenario may be canceled if the price breaks 8/8 to the upside. After that, the instrument may grow towards the resistance at +1/8.



                        Read more - Murrey Math Lines AUDUSD, NZDUSD

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                        • Forex Technical Analysis & Forecast 21.04.2021


                          EURUSD, “Euro vs US Dollar”

                          After completing the ascending wave at 1.2077 along with the descending impulse towards 1.2010, EURUSD is consolidating below the latter level. Today, the pair may start another correction to reach 1.2048 and then resume trading downwards with the short-term target at 1.1982.



                          Read more - Forex Technical Analysis & Forecast 21.04.2021

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                          • Fibonacci Retracements Analysis 22.04.2021 (Brent, Dow Jones)


                            Brent

                            In the daily chart, after failing to reach the high, Brent is trading between the high and 23.6% fibo at 71.07 and 58.00 respectively, and may start a new decline soon. In this case, the price may reach not only 23.6% fibo at 58.00, but also 38.2%, 50.0%, and 61.8% fibo at 49.94, 43.46, and 36.93 respectively. on the other hand, a breakout of the high will result in a further uptrend towards the fractal high at 87.09.



                            Read more - Fibonacci Retracements Analysis Brent, Dow Jones

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                            • Japanese Candlesticks Analysis 23.04.2021 (EURUSD, USDJPY, EURGBP)


                              EURUSD, “Euro vs US Dollar”

                              As we can see in the H4 chart, the asset is trading within the uptrend. While testing the support area, the pair has formed several reversal patterns, including Hammer. At the moment, EURUSD may reverse and grow towards the resistance area. In this case, the upside target may be at 1.2110. However, an alternative scenario implies that the price may continue to fall to reach 1.1985 before resuming its ascending tendency.



                              Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP

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                              • Ichimoku Cloud Analysis 26.04.2021 (AUDUSD, CADCHF, XAGUSD)


                                AUDUSD, “Australian Dollar vs US Dollar”

                                AUDUSD is trading at 0.7766; 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 0.7745 and then resume moving upwards to reach 0.7895. Another signal in favor of a 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 0.7665. In this case, the pair may continue falling towards 0.7575. To confirm further growth, the asset must break the descending channel’s upside border and fix above 0.7805.



                                Read more - Ichimoku Cloud Analysis AUDUSD, CADCHF, XAGUSD

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