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Forex Technical Analysis & Forecast by RoboForex

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  • #61
    Murrey Math Lines 12.12.2019 (USDCHF, GOLD)

    USDCHF, “US Dollar vs Swiss Franc”

    In the H4 chart, USDCHF is moving below 3/8. In this case, the price is expected to continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.



    Read more - Murrey Math Lines USDCHF, GOLD

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    • #62
      Forex Technical Analysis & Forecast 13.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

      EURUSD, “Euro vs US Dollar”

      After forming a continuation pattern around 1.1111 and breaking 1.1153, EURUSD has almost reached the short-term upside target at 1.1098. Possibly, today the pair may consolidate around 1.1180 and expand this range both upwards and downwards, 1.1200 and 1.1155 respectively. If later the price breaks this range to the upside, the market may resume moving upwards with the key target at 1.1236 if to the downside – start a new correction to reach 1.1111.



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

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      • #63
        Forex Technical Analysis & Forecast 16.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

        EURUSD, “Euro vs US Dollar”

        EURUSD is correcting with the target at 1.1100. Possibly, today the pair may move upwards to reach 1.1146 and then form a new descending structure towards the above-mentioned target. Later, the market may start the fifth wave to the upside to reach the key target at 1.1236.



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

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        • #64
          Murrey Math Lines 17.12.2019 (AUDUSD, NZDUSD)

          AUDUSD, “Australian Dollar vs US Dollar”

          In the H4 chart, AUDUSD is moving at 5/8. In this case, the pair is expected to break this level and continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price rebounds from 5/8 to the upside. After that, the instrument may continue growing to reach the resistance at 6/8.



          Read more - Murrey Math Lines AUDUSD, NZDUSD

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          • #65
            Ichimoku Cloud Analysis 18.12.2019 (AUDUSD, NZDUSD, USDCAD)

            AUDUSD, “Australian Dollar vs US Dollar”

            AUDUSD is trading at 0.6849; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6840 and then resume moving upwards to reach 0.6920. 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.



            Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD

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            • #66
              Fibonacci Retracements Analysis 19.12.2019 (AUDUSD, USDCAD)


              AUDUSD, “Australian Dollar vs US Dollar”


              As we can see in the H4 chart, after updating the high, AUDUSD has started a new descending correction. The support is 23.6% fibo at 0.6818. After finishing the pullback, the instrument may start one more rising wave to break the high and then reach 50.0% and 61.8% fibo at 0.6982 and 0.7057 respectively.



              Read more - Fibonacci Retracements Analysis AUDUSD, USDCAD

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              • #67
                Ichimoku Cloud Analysis 20.12.2019 (AUDUSD, NZDUSD, USDCAD)

                AUDUSD, “Australian Dollar vs US Dollar”

                AUDUSD is trading at 0.6889; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6865 and then resume moving upwards to reach 0.7005. 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 0.6840. In this case, the pair may continue falling towards 0.6755.



                Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD

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                • #68
                  Forex Technical Analysis & Forecast 23.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

                  EURUSD, “Euro vs US Dollar”

                  After reaching the key correctional target at 1.1066, EURUSD is forming a new ascending wave towards 1.1099. After that, the instrument may resume falling to reach 1.1083 and then start another growth with the target at 1.1132.



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

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                  • #69
                    Japanese Candlesticks Analysis 24.12.2019 (GOLD, NZDUSD)

                    XAUUSD, “Gold vs US Dollar”

                    As we can see in the H4 chart, the ascending tendency continues. Right now, XAUUSD is moving to reach the rising channel’s upside border. In this case, the target is at 1492.00 where the price may form a reversal pattern. Later, the pair may start a new correction and resume falling with the target at 1474.00. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue trading upwards without any corrections.



                    Read more - Japanese Candlesticks Analysis GOLD, NZDUSD

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                    • #70
                      Ichimoku Cloud Analysis 25.12.2019 (AUDUSD, NZDUSD, USDCAD)

                      AUDUSD, “Australian Dollar vs US Dollar”

                      AUDUSD is trading at 0.6921; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6895 and then resume moving upwards to reach 0.7005. 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 0.6845. In this case, the pair may continue falling towards 0.6755.



                      Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD

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                      • #71
                        Fibonacci Retracements Analysis 25.12.2019 (GBPUSD, EURJPY)

                        GBPUSD, “Great Britain Pound vs US Dollar”

                        In the H4 chart, there was a divergence on MACD, which made the pair reverse downwards after reaching 61.8% fibo. By now, GBPUSD has almost reached the mid-term support at 1.2883. After completing the pullback, the instrument may start another rising wave towards 76.0% fibo at 1.3794.



                        Read more - Fibonacci Retracements Analysis GBPUSD, EURJPY

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                        • #72
                          Forex Technical Analysis & Forecast 27.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

                          EURUSD, “Euro vs US Dollar”

                          EURUSD has formed an upside continuation pattern around 1.1100; right now, it is growing to reach 1.1121. After that, the instrument may start a new correction towards 1.1109 and then form one more ascending structure with the short-term target at 1.1133.



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

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                          • #73
                            Fibonacci Retracements Analysis 30.12.2019 (GOLD, USDCHF)


                            XAUUSD, “Gold vs US Dollar”

                            As we can see in the H4 chart, after breaking 38.2% fibo, XAUUSD transformed the correctional uptrend into a proper rising wave with the target at 1557.00. By now, the pair has already reached 61.8% fibo and may later continue moving towards 76.0% fibo at 1530.10. The support is 38.2% fibo at 1488.16.



                            Read more - Fibonacci Retracements Analysis GOLD, USDCHF

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                            • #74
                              Ichimoku Cloud Analysis 31.12.2019 (AUDUSD, NZDUSD, USDCAD)

                              AUDUSD, “Australian Dollar vs US Dollar”

                              AUDUSD is trading at 0.7003; 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 0.6990 and then resume moving upwards to reach 0.7055. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6940. In this case, the pair may continue falling towards 0.6870.



                              Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD

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                              • #75
                                Japanese Candlesticks Analysis 09.01.2020 (USDCAD, AUDUSD)

                                USDCAD, “US Dollar vs Canadian Dollar”

                                As we can see in the H4 chart, the descending tendency continues. By now, the pair has finished several reversal patterns, including Hammer, near the channel’s downside border. The current situation implies that USDCAD may form a slight ascending correction to reach 1.3060 and then resume falling. However, we shouldn’t ignore an alternative scenario, according to which the instrument may return to 1.3141 without testing the channel’s upside border.



                                Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD

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