Forex Technical Analysis & Forecast by RoboForex

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Fibonacci Retracements Analysis 24.10.2019 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made the pair start a new growth; by now, it has fixed above 23.6% fibo. In the nearest future, AUDUSD may start a new pullback and return to this level. After the pullback, the correctional uptrend may continue towards 38.2% and 50.0% fibo at 0.6909 and 0.6983 respectively. The key support is the fractal at 0.6670.



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Forex Technical Analysis & Forecast 25.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD continues forming the third descending impulse. Possibly, today the pair may break 1.1080 and then continue trading inside the downtrend with the predicted target at 1.1057.



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Japanese Candlesticks Analysis 28.10.2019 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After forming another Hammer reversal pattern close to the support level and reversing, XAUUSD has completed one more reversal pattern, Engulfing, which may indicate a possible correction before further growth. In this case, the upside target will be at 1525.70. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may resume falling to reach 1488.99.



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Murrey Math Lines 29.10.2019 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair is still trading inside the “overbought area”. In this case, the pair is expected to break 8/8 and then resume falling towards 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 continue growing to reach the resistance at +2/8.



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Japanese Candlesticks Analysis 05.11.2019 (GOLD, NZDUSD)

Japanese Candlesticks Analysis 05.11.2019 (GOLD, NZDUSD)

As we can see in the H4 chart, the ascending tendency continues. By now, XAUUSD has completed Engulfing reversal pattern close to the resistance level. At the moment, the pair is reversing. In the future, the price may complete the correction and resume falling with the target at 1495.50. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue growing to reach 1525.50 without any corrections.



Read more - Japanese Candlesticks Analysis GOLD, NZDUSD

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Fibonacci Retracements Analysis 06.11.2019 (GBPUSD, EURJPY)

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, there was a divergence on MACD, which made GBPUSD complete the rising wave at 76.0% fibo at 1.3040 and start a new pullback. The support is at 1.2670. After completing the pullback, the instrument may start another rising impulse to reach the previous high at 1.3012 and then the key one at 1.3381.



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Ichimoku Cloud Analysis 07.11.2019 (AUDUSD, NZDUSD, USDCAD)-

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6870; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6890 and then resume moving downwards to reach 0.6745. Another signal to confirm further descending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6955. In this case, the pair may continue growing towards 0.7075.



Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD

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Forex Technical Analysis & Forecast 08.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

After breaking 1.1060, EURUSD has reached the short-term downside target at 1.1036. Today, the pair may grow to return to 1.1060 and then resume falling to reach 1.1027. After that, the instrument may start a new correction with the target at 1.1077.



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

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Japanese Candlesticks Analysis 11.11.2019 (USDCAD, AUDUSD)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after breaking the descending channel’s upside border, USDCAD has formed Doji reversal pattern close to the resistance level. Right now, the pair is trying to reverse. Later, the price may continue falling towards the channel’s upside border at 1.3118. However, we shouldn’t ignore an alternative scenario, according to which the instrument may break the resistance level and continue growing towards 1.3294.



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Murrey Math Lines 12.11.2019 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, the pair is trading inside the “overbought area”. In this case, the pair is expected to break 8/8 and then fall towards the support at 7/8. However, this scenario may no longer be valid if the price rebounds from 8/8 to the upside. After that, the instrument may resume growing to reach the resistance at +1/8.



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Ichimoku Cloud Analysis 13.11.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6834; 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 0.6865 and then resume moving downwards to reach 0.6725. 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 0.6915. In this case, the pair may continue growing towards 0.7005.



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Fibonacci Retracements Analysis 14.11.2019 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the divergence made the pair complete its growth at 38.2% fibo and start a new descending wave, which has already reached 50.0% fibo. The next downside targets may be 61.8% and 76.0% fibo at 0.6769 and 0.6732 respectively. However, the key downside target is the low at 0.6670.



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Forex Technical Analysis & Forecast 15.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD has reached the target at 1.0988; right now, it is moving upwards to reach 1.1030. Later, the market may start a new correction towards 1.1004 and then form one more ascending structure with the target at 1.1050.



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

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Japanese Candlesticks Analysis 18.11.2019 (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, including Hammer, close to the support level. At the moment, the pair is expected to complete the correction and then try to reverse. The upside target is at 1484.00. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1441.00 and update its closest lows.



Read more - Japanese Candlesticks Analysis GOLD, NZDUSD

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Murrey Math Lines 19.11.2019 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair has rebounded from 7/8. In this case, the pair is expected to resume growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 7/8 to the downside. After that, the instrument may continue falling to reach the support at 6/8.



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