Technical Analysis by RoboForex

[RoboForex]

Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, July 18, 2018
18.07.2018
AUD/USD

The AUD/USD is trading at 0.7365, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.7385, and then a downward pullback to 0.7300. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7435, which will be a signal for a further rise to 0.7525 and above. Conversely, the fall will be confirmed once the ascending channel bottom boundary gets broken out and the price closes below 0.7350.

NZD/USD

The NZD/USD is trading at 0.6761, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.6775, and then a fall to 0.6655 and below. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6795, which will be a signal for a further rise to 0.6850 and above. Conversely, the fall will be confirmed once the bottom boundary of the triangle pattern gets broken out and the price closes below 0.6720.

USD/CAD

The USD/CAD is trading at 1.3223, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 1.3165, and then an upward pullback to 1.3305, which may be confirmed with the price bouncing off the support. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3115, which will be a signal for a further fall to 1.3010 and below.

 

[RoboForex]

Tech Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT, July 18, 2018
18.07.2018
EURUSD

In EURUSD, the major trend is descending; today, 1.1575 may be reached, which is just a half of the whole falling potential. The local target is at 1.1420.

GBPUSD

The GPB/USD continues falling; today, it may reach 1.3000, but then a pullback to 1.3150 might occur. After that, the pair is likely to head down again, reaching 1.2950.

USDCHF

The USD/CHF continues uptrending. Today, it may go ahead to reach $1.0120, and then fall till 1.0000. After that, it may rise back to $1.0200 again.

USDJPY

The USD/JPY has broken out the consolidation range, bottom up. This may lead to a rise towards 113.40. All rising patterns are, however, temporary, as the price may head down to form another fall any time, first target being at 110.10.

AUDUSD

The AUD is trading within Wave 5 against the greenback, and is going to fall at least to 0.7285. Today, the price may fall to 0.7314, and then rise to 0.7377, after which the pair will try to reach its major target.

USDRUB

The USD/RUB reached 62.55, but then pulled back. It may now take another attempt to rise till 62.62, but then is likely to fall till 61.61. Once this price is broken out, the local target at 60.60 may also be achieved.

GOLD

The gold has broken out the consolidation range top down. This may lead to a fall towards $1,218, but then a rise to 1,242 is possible. Still, the downward movement may extend to $1,205.

BRENT

Brent crude is trading within a consolidation range near $71.80. Today, the black gold may fall to $68.22, bet then recover again till $71.80. After that, the crude is likely to head down again, reaching 68.00. This is basically a 5-wave correction flag, which, when fully formed, may push the price higher to $82.00.

 

[RoboForex]

Murrey Level Analysis forUSD/JPY and USD/CAD: July 18, 2018
18.07.2018
USD/JPY

On H4, USD/JPY is expected to test +1/8, after which a pullback and a fall to 8/8 may occur.

On H1, he price may fall after the support at +1/8 is broken out. The target of such a fall may be located at 8/8.

USD/CAD

On H4, the USD/CAD is trading within a consolidation range between 3/8 and 5/8. Now, once 5/8 gets broken out, the price may rise further to reach the resistance at 7/8.

On H1, the price is overbought, and may start falling once 8/8 gets broken out. The target of this fall may lie at 5/8, which is the support.

 

[RoboForex]

Fibo Analysis: AUD/USD and USD/CAD, July 19, 2018
19.07.2018
AUD/USD

On H4, the AUD/USD is correcting against the long term downtrend, heading towards 23.6% and 38.2% Fibo, or 0.7503, and 0.7624. The price may break out its low and head to the post correctional extension of 138.2%-161.8%, or 0.7243-0.7201.

On H1, the AUD/USD is making a descending move, and this will continue in case the price breaks out the local low at 0.7343.

USD/CAD

On H4, the new USD/CAD ascending trend corrected the previous downtrend at 61.8% Fibo, and may then reach 76.0%, or 1.3307. In a longer term, the price may break out 1.3386, which will allow it to rise to the post correctional extension at 138.2%-161.8% Fibo, or 1.3510-1.3583.

On H1, USD/CAD is finishing its correction move at 50.0%, while the downmove to 61.8% is also possible. If the price heads upwards, it should first break out the high at 1.3259, and then reach the post correction extension range between 138.2% and 161.8%, or 1.3297-1.3320.

 

[RoboForex]

Japanese Candlestick Analysis for GOLD and NZDUSD: July 19.07.2018, 2018
19.07.2018
GOLD

On H4, the gold is again forming reversal patterns, such as hammer, inverted hammer, and harami, after reaching the support. By analyzing the previous moves, one can assume the pair may bounce off and start forming a new uptrend after such a pullback.

NZDUSD

On H4, the NZDUSD is forming an uptrend. Currently, the price is correcting and forming such reversal patterns as hammer, inverted hammer, and engulfment. By analyzing the previous moves, one can assume this is a minor pullback before the ascending move continuation.

 

[RoboForex]

Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, July 19.07.2018, 2018
19.07.2018
AUD/USD

The AUD/USD is trading at 0.7401, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the upper cloud boundary at 0.7425, and then a downward pullback to 0.7325. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7445, which will be a signal for a further rise to 0.7525 and above. Conversely, the fall will be confirmed once the ascending channel bottom boundary gets broken out and the price closes below 0.7345.

NZD/USD

The NZD/USD is trading at 0.6767, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.6770, and then a fall to 0.6665 and below. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6810, which will be a signal for a further rise to 0.6850 and above. Conversely, the fall will be confirmed once the bottom boundary of the triangle pattern gets broken out and the price closes below 0.6720.

USD/CAD

The USD/CAD is trading at 1.3183, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 1.3165, and then an upward pullback to 1.3320, which may be confirmed with the price bouncing off the resistance. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3115, which will be a signal for a further fall to 1.3010 and below.

 

[RoboForex]

Murrey Level Analysis for USD/CHF and GOLD: July 19, 2018
19.07.2018
USD/CHF

On H4, 7/8 breakout may lead to the USD/CHF price falling till the support at 5/8.

H1 charts show the same Murrey levels as H4, and the likelihood of the price going down to 5/8 is confirmed here.

In case VoltyChannel bottom line is broken out on M15, the price will be likely to go further down.

Gold

On H4, the gold is expected to fall down to -2/8. Once this level gets broken out, the entire Murrey pattern will be re-built, and one will be able to find the new targets.

On H1, the price is likely to test the support at 0/8, with a further pullback and a rise to 5/8.

In case VoltyChannel upper line is broken out on M15, the price will be likely to rise.

 

[RoboForex]

Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, July 23, 2018
23.07.2018
AUD/USD

The AUD/USD is trading at 0.7423, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 0.7405, and then a rise to 0.7515 and above, which will be confirmed with the price bouncing off the lower boundary of the descending channel. This rise may be prevented in case price breaks out the lower boundary of the Ichimoku cloud and closes below 0.7375, which will be a signal for a further fall to 0.7320 and below.

NZD/USD

The NZD/USD is trading at 0.6814, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 0.6790, and then a rise to 0.6885 and above, which may be confirmed with the price bouncing off the support. This rise may be prevented in case price breaks out the lower boundary and closes below 0.6755, which will be a signal for a further fall to 0.6700 and below. The rise will get confirmed once the upper boundary of the descending channel is broken out and the price closes above 0.6840.

USD/CAD

The USD/CAD is trading at 1.3131, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 1.3140, and then a downward pullback to 1.3035. The price bouncing off the lower boundary of the ascending channel signals a potential downward movement. This fall may be prevented in case price breaks out the upper boundary and closes above 1.3195, which will be a signal for a further rise to 1.3310 and above.

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[RoboForex]

Japanese Candlestick Analysis for EURUSD and USDJPY: July 23, 2018
23.07.2018
EURUSD

On H4, the pair is near the resistance, where it formed a few reversal patterns, such as Falling Star. This is likely to signal a correction before the further uptrend movement.

USDJPY

On H4, the pair reached the support again, where it formed a Doji. According to the previous similar cases, this is likely to be an attempt to stop the pullback before forming a new uptrend.

 

[RoboForex]

Tech Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT, July 23, 2018
23.07.2018
EURUSD

The EUR/USD broke out 1.1685 and stayed above, which lead to another rising impulse, but can enter the correction phase today, with the target at 1.1680. Afterwards, another downward move to the same 1.1795 may occur. Any rise may only be considered as an alternative scenario involving correction, while the major scenario is the price falling to 1.1470. This is a local target.

GBPUSD

The GBP/USD was able to find the second rising impulse, which can correct today with the target at 1.3070. Afterwards, another upward move to 1.3180 may occur, and then the pair is likely to head down again, reaching 1.2888. This is a local target.

USDCHF

The pair has reached its correction target after rising. Today, the price may fall to 0.9973, and then further plunge to 0.9880. After that, it may rise back to 1.0120 again. This is a local target.

USDJPY

The USDJPY completed its second falling phase, and today it can correct upwards to 111.730. Another possible downward movement has its first target at 110.10.

AUDUSD

The AUD/USD was able to find the second rising impulse. Today, it may fall to 0.7390. Afterwards, another downward move to 0.7474 may occur, and then a downtrend movement is expected, with the target at 0.7285.

USDRUB

The pair is being pushed upwards, and 63.77 here is possible, followed by a fall to the consolidation range at 62.00. The major scenario now lies in the price breaking out the range and heading down to 60.00.

GOLD

The gold found its second rising impulse, while today it may fall to 1,225. After that, it may rise back to $1,240 again, and then a fall till 1,220.

BRENT

Brent crude is trading within a consolidation range near $73.85, while today it may fall to $69.88, and then rise to $71.80. After that, the crude is likely to head down again, reaching $68.20. This is a local target. This is basically a 5-wave correction flag, which, when fully formed, may push the price higher to $82.00.

 

[RoboForex]

Murrey Level Analysis for EUR/USD and GBP/USD: July 23, 2018
23.07.2018
EUR/USD

On H4, the EUR/USD is trading within a consolidation range between 3/8 and 5/8, while we can expect the price to rise to the resistance at 5/8.

On H1, the pair may start falling once 1/8 gets broken out. The target of such a fall may be located at the support of 5/8.

GBP/USD

On H4, the GBP/USD broke out the 3/8 level and entered the consolidation range. Moving forward, we can expect the price to rise to the resistance at 5/8.

On H1, the price may start falling once there's a pullback from 8/8. The target of this fall may lie at 5/8.

 

[RoboForex]

Fibo Analysis for EUR/USD and USD/JPY: July 24, 2018
24.07.2018
EUR/USD

On H4, the EUR/USD is continuing to trade sideways in the midterm. The best levels for correctional rise now are 38.2% or 50.0% Fibo, or 1.1854 and 1.1960, respectively. In case the low at 1.1508 gets broken out, the price may move to the post correctional extension within 138.2 and 161.8%, or 1.1377-1.1298.

On H1, the EUR/USD is finishing its correction at 50.0% Fibo, compared to the latest short term rise.Next, the price may break out the local high at 1.1750, and then reach the post correction extension range between 138.2% and 161.8%, or 1.1810-1.1854.

USD/JPY

On H4, the USD/JPY is forming a downtrend after the divergence and the ascending trend having faded out. The downtrend reached 23.6% Fibo and may continue to reach 38.2% (109.93), 50.0% (108.92), and 61.8% (107.90). The high at 113.18 acts as a resistance.

On H1, the USD/JPY is forming a more detailed downtrend.

 

[RoboForex]

Japanese Candlestick Analysis for GOLD and NZDUSD: July 24, 2018
24.07.2018
GOLD

On H4, the gold is forming reversal patterns, such as hammer, inverted hammer, and harami, after reaching the support. By analyzing the previous moves, one can assume the metal may bounce off and start forming a new uptrend after such a correction.

NZDUSD

On H4, the NZDUSD is still forming an uptrend. Currently, the price is correcting and forming such reversal patterns as hammer and inverted hammer. By analyzing the previous moves, one can assume this is a correction before the ascending move continuation.

 

[RoboForex]

Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, July 24, 2018
24.07.2018
AUD/USD

The AUD/USD is trading at 0.7368, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.7385, and then a downward pullback to 0.7305. which may be confirmed with the price bouncing off the resistance. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7425, which will be a signal for a further rise to 0.7495 and above.

NZD/USD

The NZD/USD is trading at 0.6770, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.6780, and then a fall to 0.6695 and below, which may be confirmed with the price bouncing off the resistance. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6805, which will be a signal for a further rise to 0.6900 and above.

USD/CAD

The USD/CAD is trading at 1.3182, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 1.3160, and then a rise to 1.3275 and above, which may be confirmed with the price bouncing off the resistance. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3130, which will be a signal for a further fall to 1.3005 and below.

 

[RoboForex]

Murrey Level Analysis for AUD/USD and NZD/USD: July 24, 2018
24.07.2018
AUD/USD

On H4, 2/8 breakout may lead to the AUD/USD price rising till 3/8.

On H1, the pair is trading within a consolidation range between 3/8 and 5/8. Now, once 3/8 gets broken out, the price may fall further to reach the support at 0/8. Once 5/8 gets broken out, the price may start moving higher to reach the resistance at 8/8.

NZD/USD

On H4, the NZD/USD is trading within a consolidation range. Once the price bounces off 3/8, it may rise further to reach the resistance at 5/8.

On H1, the price is inside a consolidation range; however, 5/8 breakout is likely, which may lead to the price heading further up towards 8/8.

 

[RoboForex]

Tech Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT. July 24, 2018
24.07.2018
EURUSD

The EUR/USD went down to 1.1690 and is still descending. today, 1.1633 may be reached, but then a rise to 1.1695 is possible. Overall, a consolidation range is expected, which, when broken down upwards, may make the price head to $1.1800. conversely, if the range is broken top down, the price can potentially go further down to 1.1470. Any rise may only be considered as an alternative scenario involving correction, while the major scenario is still a downtrend.

GBPUSD

The GBP/USD is being under pressure; today, it may reach 1.3054, but then a pullback to 1.3100 might occur. Overall, a consolidation range is expected here, which, when broken down upwards, may potentially take the price to 1.3181, while a converse breakout will push the price down to 1.2888.

USDCHF

The pair is being pushed upwards; today, 0.9974 may be reached, but then is likely to fall till 0.9930, after which the consolidation range may be expected. Then the price may either go up towards $1.0120, or head down to 0.9880.

USDJPY

The pair is being pushed upwards; today, 111.73 may be reached, but then is likely to fall till 110.10, its first target.

AUDUSD

The Aussie has reached its downward target, but may start rising to 0.7400. Thus, the consolidation range can now be clearly seen. The pair is going then to reach either 0.7472 or 0.7285, depending on whether the support or the resistance gets broken out.

USDRUB

The USD/RUB is being pushed down and can reach 62.80 today, while then rising to $63.10. After that, it may go back to $62.00 again. Once this price is broken out, the descending trend may push it towards 60.60, its local target.

GOLD

The yellow metal has reached its downtrend target, and today we are expecting it to rise to 1,229. Thus, the consolidation range can now be clearly seen. The metal is going then to reach either 1,205 or 1,239, depending on whether the support or the resistance gets broken out.

BRENT

Brent crude is under pressure and is going down. Today, the price may fall to 71.85, and, with further breakout, it may head lower to reach the local target at 69.33, while then rising to $71.85. After that, it may go back to $68.22 again, its local target.

 

[RoboForex]

Fibonacci Analysis for GBP/USD and EUR/JPY: July 25, 2018
25.07.2018
GBP/USD

On H4, for GBP/USD we can see that after the convergence has been formed, the market is starting to form a correction uptrend. The targets of the correction uptrend may lie at Fibonacci levels of 23.6% (1.3291), 38.2% (1,3499) and 50.0% (1.3665). The low at 1.2957 is acting as a support.

On H1, GBP/USD is forming a local uptrend towards 1.3291. With due consideration of the developing convergence we can assume that there will be a pullback after the level of 1.3291 has been reached. The Fibonacci level of 50.0% may become the main target of the pullback.

EUR/JPY

On H4, for EUR/JPY we see that after the convergence the market has corrected the previous uptrend at Fibonacci level of 38.2%. Further the downtrend to 50.0% (129.32) and 61,8% (128.68) can be expected. The resistance is on the level of 131.98.

On H1, for EUR/JPY the convergence is forming which can be the signal for an upward correction. Its targets may be at the following Fibonacci levels: 23.6% (130.27), 38.2% (130.60), and 50.0% (130.86).

 

[RoboForex]

Japanese Candlestick Analysis for USDCAD and AUDUSD: July 25, 2018
25.07.2018
USDCAD

The pair is rising on H4, with some corrections and forming reversal patterns like Hammer and Doji. Judging by the current situation, this looks like an ongoing formation of a new uptrend.

AUDUSD

On H4, the pair stays within the boundaries of a horizontal channel with the pullbacks to the support and resistance levels and forming reversal patterns like Hammer and Engulfment. Another pullback is taking place at this stage. By making a comparison, we can expect the price to continue forming of an uptrend after the correction has been finalized.

 

[RoboForex]

Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, July 25, 2018
25.07.2018
AUD/USD

The AUD/USD is trading at 0.7396 inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the lower cloud boundary at 0.7380, and then a rise to 0.7505. This rise may be prevented in case the price breaks out the lower boundary of Ichimoku cloud and closes below 0.7360, which will be a signal for a further fall to 0.7305 and below. The breakout of the support and closing above 0.7450 will confirm the development of an uptrend.

NZD/USD

The NZD/USD is trading at 0.6795 above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the lower cloud boundary at 0.6780, and then a continuous rise to 0.6870. This rise may be prevented in case the price breaks out the lower boundary of Ichimoku cloud and closes below 0.6750, which will be a signal for a further fall to 0.6705. The breakout of the upper boundary of the descending channel and closing above 0.6830 will confirm the development of an uptrend.

USD/CAD

The USD/CAD is trading at 1.3157 below the Ichimoku cloud, which means there is a downtrend forming. We expect a test of the lower cloud boundary at 1.3165, and then a continuous fall to 1.3030. This fall may be prevented in case price breaks out the upper boundary and closes above 1.3235, which will be a signal for a further rise to 1.3290. The fall will be confirmed once the bottom boundary of the triangle pattern gets broken out and the price closes below 1.3110.

 

[RoboForex]

Murrey Level Analysis for USD/JPY and USD/CAD: July 25, 2018
25.07.2018
USD/JPY

On H4, the USD/JPY is trading within a consolidation range between 3/8 and 5/8. Here we can expect the price to fall to the support at 3/8.

On H1, the charts show the same Murrey levels as on H4, thus the likelihood of the price going down to 3/8 is confirmed here.

On M15, the breakout of the lower line of VoltyChannel will increase the possibility of further price drop.

USD/CAD

On H4, the USD/CAD is trading within a consolidation range between 3/8 and 5/8. Now, once 3/8 gets broken out, the price may go down further to reach the support at 2/8.

On H1, the breakout of 3/8 can be expected with the possible drop to the support at 0/8.

In case VoltyChannel lower line is broken out on M15, the price will be likely to go further down.