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Forex Technical Analysis & Forecast by RoboForex

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  • #91
    Ichimoku Cloud Analysis 31.01.2020 (AUDUSD, NZDUSD, USDCAD)

    AUDUSD, “Australian Dollar vs US Dollar”

    AUDUSD is trading at 0.6715; 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 0.6775 and then resume moving downwards to reach 0.6575. 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 0.6845. In this case, the pair may continue growing towards 0.6935.



    Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD

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    • #92
      Fibonacci Retracements Analysis 03.02.2020 (GOLD, USDCHF)

      XAUUSD, “Gold vs US Dollar”

      As we can see in the H4 chart, XAUUSD continues forming the rising wave towards the current high at 1611.29 and then the post-correctional extension area between 138.2 and 161.8% fibo at 1599.45 and 1625.70 respectively. However, after reaching the high, the price may rebound from it and start a new decline towards 50.0% and 61.8% fibo at 1530.60 and 1511.80 respectively.



      Read more - Fibonacci Retracements Analysis GOLD, USDCHF

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      • #93
        Forex Technical Analysis & Forecast 04.02.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

        EURUSD, “Euro vs US Dollar”

        After finishing the correction, EURUSD has broken the correctional channel upwards. Possibly, the pair may form one more ascending structure towards 1.1067 and then start another decline to reach 1.1055, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may resume moving upwards to break 1.1080 and then continue growing towards the short-term target at 1.1104; if to the downside – start a new decline towards 1.1040.



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

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        • #94
          Japanese Candlesticks Analysis 06.02.2020 (GOLD, NZDUSD)

          XAUUSD, “Gold vs US Dollar”

          As we can see in the H4 chart, the ascending tendency continues. By now, XAUUSD has completed several reversal patterns, such as Hammer, near the channel’s downside border. At the moment, the pair is reversing. The upside target may be at 1585.00. However, one shouldn’t ignore another scenario, according to which the instrument may resume falling towards 1540.00.



          Read more - Japanese Candlesticks Analysis GOLD, NZDUSD

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          • #95
            Murrey Math Lines 12.02.2020 (USDJPY, USDCAD)

            USDJPY, “US Dollar vs. Japanese Yen”

            As we can see in the H4 chart, after breaking 5/8, USDJPY is trading above it. In this case, the price is expected to continue growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may start a new decline towards the support at 3/8.



            Read more - Murrey Math Lines USDJPY, USDCAD

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            • #96
              Fibonacci Retracements Analysis 17.02.2020 (GOLD, USDCHF)

              XAUUSD, “Gold vs US Dollar”

              As we can see in the H4 chart, correctional waves that follow each other are forming a Triangle pattern. After re-testing 38.2% fibo, XAUUSD is forming another rising wave. The major scenario implies that the pair may break the current high at 1611.29 and reach the post-correctional extension area between 138.2 and 161.8% fibo at 1599.45 and 1625.70 respectively. However, another scenario suggests that the instrument may continue its decline towards 50.0% and 61.8% fibo at 1530.60 and 1511.50 respectively.



              Read more - Fibonacci Retracements Analysis GOLD, USDCHF

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              • #97
                Japanese Candlesticks Analysis 20.02.2020 (USDCAD, AUDUSD, USDCHF)

                USDCAD, “US Dollar vs Canadian Dollar”

                On H4, the pair has returned into the ascending channel. At the moment, there is a reversal Hammer pattern formed around the support line. We may suppose that, executing the signal from he reversal candlestick pattern, the price will grow to 1.3275. However, a decline to 1.3200 is not impossible.



                Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF

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                • #98
                  Forex Technical Analysis & Forecast 25.02.2020

                  EURUSD, “Euro vs US Dollar”

                  After reaching the predicted upside target, EURUSD is consolidating around 1.0860. Possibly, today the pair may expand the range up to 1.0880 and then form a new descending structure to break 1.0842. After that, the instrument may continue the correction towards 1.0818.



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

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                  • #99
                    Murrey Math Lines 26.02.2020 (USDJPY, USDCAD)

                    USDJPY, “US Dollar vs. Japanese Yen”

                    In the H4 chart, USDJPY is expected to test 6/8, rebound from it, and then resume falling towards the support at 4/8. However, USDJPY may avoid testing 6/8 because of a very serious “bearish” pressure. In this case, the price may break 5/8 and then continue trading downwards.



                    Read more - Murrey Math Lines USDJPY, USDCAD

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                    • Japanese Candlesticks Analysis 27.02.2020 (GOLD, NZDUSD, GBPUSD)

                      XAUUSD, “Gold vs US Dollar”

                      As we can see in the H4 chart, the ascending tendency continues. After breaking the channel’ upside border and completing a Harami reversal pattern, XAUUSD has reversed; right now, it is still moving upwards. In this case, the upside target is at 1690.04. However, one shouldn’t ignore another scenario, according to which the instrument may return towards 1636.30.



                      Read more - Japanese Candlesticks Analysis GOLD, NZDUSD, GBPUSD

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                      • Ichimoku Cloud Analysis 28.02.2020 (AUDUSD, NZDUSD, USDCAD)

                        AUDUSD, “Australian Dollar vs US Dollar”

                        AUDUSD is trading at 0.6518; 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 0.6545 and then resume moving downwards to reach 0.6455. 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 0.6595. In this case, the pair may continue growing towards 0.6675.



                        Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD

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                        • Forex Technical Analysis & Forecast 03.03.2020

                          EURUSD, “Euro vs US Dollar”

                          After finishing the ascending wave at 1.1181, EURUSD has formed the descending impulse towards 1.1119; right now, it is correcting to reach 1.1155. Today, the pair may form a new consolidation range between the above-mentioned levels. If later the price breaks this range to the downside, the market may resume trading downwards with the short-term target at 1.1069.



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

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                          • Murrey Math Lines 04.03.2020 (USDJPY, USDCAD)

                            USDJPY, “US Dollar vs. Japanese Yen”

                            In the H4 chart, USDJPY is moving below 3/8. In this case, the pair is expected to break 1/8 and then continue falling towards 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 trading upwards to reach the resistance 5/8.



                            Read more - Murrey Math Lines USDJPY, USDCAD

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                            • Japanese Candlesticks Analysis 05.03.2020 (EURUSD, USDJPY, EURGBP)

                              EURUSD, “Euro vs. US Dollar”

                              As we can see in the H4 chart, the pair continues growing. By now, EURUSD has completed several reversal candlestick patterns, such as Shooting Star, close to the resistance level. Right now, the pair is reversing. We may assume that later the price may complete the correction and move to reach 1.1125. However, one shouldn’t exclude a possibility that the price may form a more significant pullback towards 1.1045.



                              Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP

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                              • Ichimoku Cloud Analysis 06.03.2020 (GBPUSD, XAUUSD, USDCAD)

                                GBPUSD, “Great Britain Pound vs US Dollar”

                                GBPUSD is trading at 1.2950; 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 1.2880 and then resume moving upwards to reach 1.3105. 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 1.2765. In this case, the pair may continue falling towards 1.2685. After breaking the descending channel’s upside border and fixing above 1.3010, the price may resume moving upwards.



                                Read more - Ichimoku Cloud Analysis GBPUSD, XAUUSD, USDCAD

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