Forex Technical Analysis & Forecast by RoboForex

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Japanese Candlesticks Analysis 20.08.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after completing Engulfing pattern, EURUSD has rebounded from the descending channel’s upside border. Right now, the pair is being corrected to the downside. After finishing the pullback, the price may fall towards 1.1030 to continue forming the descending channel. However, one shouldn’t exclude a possibility that the price may break the resistance level and continue growing towards 1.1240.



Read more - Japanese Candlesticks Analysis EURUSD, USDJPY

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Japanese Candlesticks Analysis 26.08.2019 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. There was a gap at the beginning of today’s trading session; however, after completing another reversal pattern, Shooting Star, XAUUSD is still testing the channel’s upside border. Right now, the pair is trying to form a pullback. The downside target may be at 1495.00. At the same time, we shouldn’t exclude a possibility that the instrument may break the closest high, reach 1565.00 and continue forming the ascending channel.



Read more - Japanese Candlesticks Analysis 08.08.2019 (GOLD, NZDUSD)

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Murrey Math Lines 28.08.2019 (USDJPY, USDCAD)

USDJPY, US Dollar vs. Japanese Yen

In the H4 chart, USDJPY is consolidating. In this case, the price may continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may start a new decline towards the support at 1/8.



Read more - Murrey Math Lines USDJPY, USDCAD

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Ichimoku Cloud Analysis 30.08.2019 (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 0.6725 and then resume moving downwards to reach 0.6575. Another signal to confirm further descending movement is the price's rebounding from Triangle's upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud's upside border and fixes above 0.6785. In this case, the pair may continue growing towards 0.6905. After breaking Triangle's downside border and fixing below 0.6655, the price may continue moving downwards.



Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD

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Japanese Candlesticks Analysis 03.09.2019 (GOLD, NZDUSD)

XAUUSD, "Gold vs US Dollar"

As we can see in the H4 chart, the ascending tendency continues. There was a gap at the beginning of the week; after completing another reversal pattern, Shooting Star, XAUUSD is still trading near the channel's upside border. Right now, the pair is trading sideways. The downside target may be at 1495.00. At the same time, we shouldn't exclude a possibility that the instrument may break the closest high, reach 1565.00 and continue forming the ascending channel.



Read more - Japanese Candlesticks Analysis GOLD, NZDUSD

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Ichimoku Cloud Analysis 05.09.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, "Australian Dollar vs US Dollar"

AUDUSD is trading at 0.6813; 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 0.6765 and then resume moving upwards to reach 0.6960. Another signal to confirm further ascending movement is the price's rebounding from Triangle's upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud's downside border and fixes below 0.6695. In this case, the pair may continue falling towards 0.6595.



Read more - Ichimoku Cloud Analysis 05.09.2019 AUDUSD, NZDUSD, USDCAD

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Japanese Candlesticks Analysis 09.09.2019 (USDCAD, AUDUSD)

USDCAD, "US Dollar vs Canadian Dollar"

As we can see in the H4 chart, USDCAD has formed Inverted Hammer reversal pattern near the rising channel's downside border. Right now, the pair is trying to reverse. At the moment, it may be assumed that the price may complete a slight correction and resume growing towards 1.3280. However, we shouldn’t ignore a possibility that the instrument may break the support level and continue its decline to reach 1.3121.



Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD

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Murrey Math Lines 11.09.2019 (USDJPY, USDCAD)

USDJPY, "US Dollar vs. Japanese Yen"

In the H4 chart, USDJPY is moving above 5/8. In this case, the price may break 6/8 and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8. 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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Ichimoku Cloud Analysis 13.09.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, "Australian Dollar vs US Dollar"

AUDUSD is trading at 0.6870; 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 0.6840 and then resume moving upwards to reach 0.6975. 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 0.6760. In this case, the pair may continue falling towards 0.6675.



Read more - Ichimoku Cloud Analysis 13.09.2019 (AUDUSD, NZDUSD, USDCAD)

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Japanese Candlesticks Analysis 17.09.2019 (USDCAD, AUDUSD)

USDCAD, "US Dollar vs Canadian Dollar"

As we can see in the H4 chart, after rebounding from the rising channel's downside border, USDCAD has formed several reversal patterns. Right now, the pair is trying to reverse after forming Harami pattern. At the moment, it may be assumed that the price may complete a slight correction and resume growing towards 1.3333. However, we shouldn’t ignore a possibility that the instrument may return to the support line and update the low.



Read more - Ja panese Candlesticks Analysis 17.09.2019 (USDCAD, AUDUSD)

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Ichimoku Cloud Analysis 19.09.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, "Australian Dollar vs US Dollar"

AUDUSD is trading at 0.6786; 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 0.6805 and then resume moving downwards to reach 0.6695. 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 0.6845. In this case, the pair may continue growing towards 0.6925.



Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD

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Japanese Candlesticks Analysis 23.09.2019 (EURUSD, USDJPY)

EURUSD, "Euro vs. US Dollar"

As we can see in the H4 chart, the descending channel continues. Right now, EURUSD is reversing after forming Shooting Star reversal pattern. Later, the price may complete the correction and fall to reach 1.0970. However, one shouldn't exclude a possibility that the price may update its closest highs and continue growing towards 1.1111.



Read more - Japanese Candlesticks Analysis GOLD, NZDUSD

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Murrey Math Lines 25.09.2019 (USDJPY, USDCAD)

USDJPY, "US Dollar vs. Japanese Yen"

As we can see in the H4 chart, USDJPY has rebounded from the support at 5/8. In this case, the price is expected to resume growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8. 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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Murrey Math Lines 01.10.2019 (AUDUSD, NZDUSD)

AUDUSD, "Australian Dollar vs US Dollar"

In the H4 chart, AUDUSD is consolidating. In this case, the pair is expected to continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may continue growing to reach the resistance at 7/8.



Read more - Murrey Math Lines AUDUSD, NZDUSD

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Ichimoku Cloud Analysis 02.10.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, "Australian Dollar vs US Dollar"

AUDUSD is trading at 0.6712; 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 0.6735 and then resume moving downwards to reach 0.6595. Another signal to confirm further descending movement is the price’s rebounding from the descending channel's upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6805. In this case, the pair may continue growing towards 0.6885.



Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD