Technical Analysis by RoboForex

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Dear Traders,

In this thread we are going to provide Forex Technical Analysis written by RoboForex professional analysts.
Analytical materials from our Trading Central, the established analytical bureau, are daily notifications and signals, which are sure to be useful for both experienced traders and beginners of financial markets.

Best Regards,
RoboForex
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Analysis for August 9th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down and widening (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price.

0908gbpusdh4.png


GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.

0908gbpusdh1.png



XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is closed (2); Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect decline of the price and support from D Senkou Span A.

0908xauusdh4.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Analysis for August 10th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is heading down and widening (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Kijun‑Sen, and a further decline of the price.

1008gbpusdh4.png


GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen, inside Kumo. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.

1008gbpusdh1.png



XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1), but Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is moving upwards again (2); Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from D Tenkan-Sen, and growth of the price.

1008xauusdh4.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Analysis for August 10th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle provided support. Engulfing Bullish, Hammer, and Three White Soldiers patterns indicated an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish movement.

1008eurusdh4.png


At the H1 chart of EUR USD, Harami pattern showed an ascending movement. The upside Window provides support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm a bullish movement.

1008eurusdh1.png



USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the downside Window provides resistance. Bullish Harami pattern indicates a pullback upwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

1008usdjpyh4.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Analysis for August 15th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price.

1508gbpusdh4.png


GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is rather narrow, but continues going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.

1508gbpusdh1.png



XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1), but they aren’t moving away from each other. Ichimoku Cloud is moving downwards (2), Chinkou Lagging Span is above the chart, and the price is near the cloud’s downside border. Short‑term forecast: we can expect support from D Kijun-Sen, and decline of the price towards D Senkou Span A.

1508xauusdh4.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Analysis for August 15th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami pattern indicates a descending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a possible pullback upwards.

1508eurusdh4.png


At the H1 chart of EUR USD, Harami and Three Black Crows patterns showed a descending movement. The upside Window is a support levels. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.

1508eurusdh1.png



USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. Harami pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

1508usdjpyh4.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Analysis for August 17th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has completed the descending impulse and the correction. We think, today the price may break the low of the first descending impulse. The target is at 1.1176. After that, the instrument may be corrected towards 1.1240 and then continue falling to reach 1.1000.

EUR_USD_17.08.2016.png



GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving to return to 1.3086. We think, today the price may reach this level and then continue falling inside the downtrend towards the local target at 1.2800.

GBP_USD_17.08.2016.png



USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed the ascending impulse and the correction in the form of the flag. We think, today the price may break the high of the first impulse and then continue growing to reach 0.9700. The market is expected to form the structure of the wave inside the uptrend towards 1.0000.

USD_CHF_17.08.2016.png



USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has returned to the broken neckline to test it from below. After that, the instrument may form another descending structure towards 99.00 and then return to 100.87. Later, in our opinion, the market may continue falling inside the downtrend towards the local target at 98.00.

USD_JPY_17.08.2016.png



AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is falling with the target at 0.7640. After breaking the low of the first wave, the market may form another consolidation range as a continuation pattern. This wave is considered to be the third one with the predicted target at 0.7500.

AUD_USD_17.08.2016.png



USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still moving downwards. Possibly, this structure may be extended towards 62.50. Later, in our opinion, the market may return to 64.50 to test it from below and then fall with the target at 62.00.

USD_RUB_17.08.2016.png



XAU USD, “Gold vs US Dollar”
Gold has reached the target of the ascending wave; the market has already completed the descending impulse and the correction. We think, today the price may break the low and then continue falling to reach 1326. After that, the instrument may grow again with the target at 1366.

XAU_USD_17.08.2016.png




RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Analysis for August 22nd, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has broken the 5/8 level along with the H4 Super Trends, which means that it may continue moving downwards. The closest target is at the 4/8 level, which is confirmed by the daily Super Trend. If the price breaks it, the market will continue falling towards the 3/8 level.

Image20160822084020001.png


At the H1 chart, Super Trends have formed “bearish cross”. Earlier, the price rebounded from the 2/8 level. It’s highly likely that during the day the pair may test the 0/8 level. If the price rebounds from this level, the market may start a new correction.

Image20160822084020002.png



AUD USD, “Australian Dollar vs US Dollar”
After rebounding from the 7/8 level three times, the AUD/USD pair resumed falling. Considering that the price has broken the daily Super Trend, it may continue moving downwards. The closest target for bears is at the 3/8 level.

Image20160822084020003.png


At the H1 chart, the pair is moving at the top. Earlier, Super Trends formed “bearish cross”. Consequently, if the price breaks the 0/8 level, the first target will be at the -2/8 one. In case this level is broken as well, the lines at the chart will be redrawn.

Image20160822084020004.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Analysis for August 23rd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Engulfing Bullish pattern indicated an ascending movement. The upside Window provided support. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.

2308eurusdh4.png


At the H1 chart of EUR USD, Three Methods continuation patterns indicate an ascending movement. The upside Window provided support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

2308eurusdh1.png



USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the sideways correction within the downtrend continues. Harami pattern indicated a descending movement. The new Window was closed by the price. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.

2308usdjpyh4.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Analysis for August 23rd, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from D Kijun-Sen, and growth of the price towards the D Kumo’s downside border.

2308gbpusdh4.png


GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.

2308gbpusdh1.png



XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is moving downwards (2) and widening, Chinkou Lagging Span is rebounding from the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from D Kijun-Sen, resistance from D Tenkan-Sen, and decline of the price towards support from D Senkou Span A.

2308xauusdh4.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Forecast for August 24th, 2016

EUR USD, “Euro vs US Dollar”

Probably, the EUR/USD pair has completed the wave [c] of E inside the diagonal triangle. Consequently, if later the price forms a new descending impulse, the market may start a new decline.

Image20160824125839001.png


More detailed structure is shown on the H1 chart. Possibly, yesterday the pair completed the diagonal triangle in the wave (v) of [c]. It looks like right now the price is already moving downwards in the wave (i) and forming the third wave inside it.

Image20160824125839002.png



GBP USD, “Great Britain Pound vs US Dollar”
In case of the GBP/USD pair, the main scenario remains bearish. Perhaps, in the nearest future the market may finish the wave (ii) and start plummeting in the wave (iii).

Image20160824125839003.png


As we can see at the H1 chart, the pair is about to finish the wave y in the double zigzag (ii). By forming a new bearish impulse in the wave i, the price will confirm a new decline.

Image20160824125839004.png



USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still forming the diagonal triangle in the wave v of (iii). In the nearest future, the market may resume falling towards the downside border of this pattern.

Image20160824125839005.png


More detailed structure of the diagonal triangle is shown on the H1 chart. Apparently, the pair has finished the wave [4] in the diagonal triangle and may resume falling in the wave [5] of v.

Image20160824125839006.png



AUD USD, “Australian Dollar vs US Dollar”
After finishing the descending wedge in the wave (i), the AUD/USD pair started another correction. Earlier, the price completed the diagonal triangle in the wave [c] of 4. As a result, in the nearest future the market may start falling in the wave (iii).

Image20160824125839007.png


As we can see at the H1 chart, the wave (ii) is taking the form of the zigzag. On a shorter timeframe, the pair is probably about to complete the ascending impulse c. After finishing this impulse, the market may start falling in the wave i.

Image20160824125839008.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Forecast for August 26th, 2016

EUR USD, “Euro vs US Dollar”

The main scenario remains bearish. It looks like after finishing the triangle in the wave , the EUR/USD pair completed the ascending impulse in the wave [c] of E. As a result, in the nearest future the market may start a new decline.

Image20160826125455001.png


As we can see at the H1 chart, the pair formed bearish impulse in the wave (i) and then the correctional wave (ii) in the form of the zigzag. Consequently, quite soon the market may start falling in the third wave.

Image20160826125455002.png



GBP USD, “Great Britain Pound vs US Dollar”
Probably, the price has finished the double zigzag in the wave (ii).Earlier, after finishing the correction, the GBP/USD pair formed the bearish impulse in the wave (i). To confirm a new decline, the market has to form a new descending impulse in the wave i.

Image20160826125455003.png


More detailed structure is shown on the H1 chart. It looks like after finishing the wave y of (ii), the pair formed the bearish wedge in the wave [1]. It’s highly likely that during the day the market may start falling in the third wave.

Image20160826125455004.png



USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair continues forming the diagonal triangle in the wave v of (iii). In the nearest future, the market is expected to start a new descending movement, which may be followed by another correction, i.e. the wave (iv).

Image20160826125455005.png


At the H1 chart, the pair probably completed the horizontal triangle in the wave [4]. Consequently, later the price may resume falling in the wave [5] of v and break the low of the wave [3] quite soon.

Image20160826125455006.png



AUD USD, “Australian Dollar vs US Dollar”
The descending wedge in the wave (i) indicates that the AUD/USD pair may start a new decline. Consequently, after finishing the local correction, the market may form another descending impulse.

Image20160826125455007.png


As we can see at the H1 chart, the pair is probably finishing the diagonal triangle in the wave c of (ii). After completing this pattern successfully, the price will start a new descending movement.

Image20160826125455008.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Japanese Candlesticks Analysis 29.08.2016 (EUR/USD, USD/JPY)

EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Meeting Lines pattern indicates that the ascending correction continues. The upside Window provided resistance; the one in the middle may provide support. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.

2908eurusdh4.png


At the H1 chart of EUR USD, Hammer pattern indicates that the sideways correction continues. The downside Window is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a possible bullish pullback.

2908eurusdh1.png



USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the downside Window provided support. Engulfing Bullish pattern indicated an ascending movement. The Window in the middle was broken; it may provide support as well. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction.

2908usdjpyh4.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Murrey Math Lines 30.08.2016 (EUR/USD, USD/CAD)

EUR USD, “Euro vs US Dollar”
After Super Trends had formed “bearish cross”, bears returned to the market. It’s highly likely that in the nearest future the EUR/USD pair may continue moving downwards to reach the 1/8 level.

Image20160830125033001.png


As we can see at the H1 chart, the pair is being corrected close to the 2/8 level. If the price is able to stay under this level, the market will continue falling to reach the 0/8 one.

Image20160830125033002.png



USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair is trying to break the weekly Super Trend. If the price stays above this level, the closest target for bulls will be at the 7/8 one. In case the market rebounds from the latter level, the pair will start a new descending correction.

Image20160830125033003.png


At the H1 chart, the pair is moving at the top. Earlier, Super Trends formed “bullish cross”. Consequently, if the price stays above the 8/8 level, the market will continue moving upwards to reach the +2/8 one.

Image20160830125033004.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Forex Technical Analysis 31.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken another consolidation range downwards. We think, today the price may test 1.1157 from below, rebound from it, and then continue falling to reach 1.1100. Later, in our opinion, the market may form another consolidation rage. After breaking it downward as well, the instrument may reach the local target at 1.1030.

EUR_USD_31.08.2016.png



GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating inside a narrow range. The main scenario suggests that the price may break it downwards and then continue falling with the target at 1.2800. After that, the instrument may be corrected towards 1.3100.

GBP_USD_31.08.2016.png



USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is moving upwards. The price is expected to form the third wave with the local target at 0.9975.

USD_CHF_31.08.2016.png



USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still being corrected. We think, today the price may reach 103.50. After that, the instrument may continue falling to reach 99.60.

USD_JPY_31.08.2016.png



AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming another descending structure. The price is expected to continue forming the third descending wave with the target at 0.7494. Later, in our opinion, the market may be corrected towards 0.7590 and then continue falling inside to reach 0.7430.

AUD_USD_31.08.2016.png



USD RUB, “US Dollar vs Russian Ruble”
We think, today the USD/RUB pair may grow towards 65.65 to complete the current correction. After that, the instrument may falling towards 63.20.

USD_RUB_31.08.2016.png



XAU USD, “Gold vs US Dollar”
We think today Gold may grow towards 1323 and then return to 1317. The market is expected to form another consolidation range. If later the price breaks this range upwards, it may be corrected with the target at 1342; if downwards – extend this wave to reach 1300.

XAU_USD_31.08.2016.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Forex Technical Analysis 02.09.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

EUR USD, “Euro vs US Dollar”
The EUR/USD pair has expanded its trading range upwards. We think, today the price may return to 1.1166 to test it from above. Later, in our opinion, the correction may continue towards 1.1250. After that, the instrument may continue falling to reach the local target at 1.1100.

EUR_USD_02.09.2016.png



GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has formed another ascending structure. We think, today the price may form another consolidation channel. After that, the instrument may break the channel downwards and then continue falling inside the downtrend. The local target is at 1.2800.

GBP_USD_02.09.2016.png



USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has returned to 0.9784 to test it from above. We think, today the price may continue growing inside the uptrend to reach the local target at 0.9940.

USD_CHF_02.09.2016.png



USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has extended the correction. We think, today the price may for another consolidation channel at the current highs. After that, the instrument may break the channel downwards and continue falling inside the downtrend. The first downside target is at 101.80.

USD_JPY_02.09.2016.png



AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is moving in the center of the consolidation channel. Possibly, the price may grow towards 0.7600 (an alternative scenario). The main scenario suggests that the market may continue falling inside the downtrend to reach the local target at 0.7430.

AUD_USD_02.09.2016.png



USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is growing. We think, today the price may reach 65.99 continue falling inside the downtrend with the target at 63.20.

USD_RUB_02.09.2016.png



XAU USD, “Gold vs US Dollar”
Gold has completed the ascending impulse and right now is being corrected towards 1308. Thus, the market has formed another consolidation range. If the price breaks the top of the impulse, the instrument may continue growing to reach 1337. However, if the price breaks this range downwards, it may fall to reach 1300.

XAU_USD_02.09.2016.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Murrey Math Lines 02.09.2016 (EUR/USD, AUD/USD)

EUR USD, “Euro vs US Dollar”
In case of the EUR/USD pair, the correction is becoming deeper as the price is moving between Super Trends. Possibly, during the day the market may test the 4/8 level. If the pair rebounds from this level, it will start a new descending movement.

Image20160902110111001.png


As we can see at the H1 chart, Super Trends have formed “”bullish cross”, so there is a certain risk that the current correction may yet continue. Consequently, in order to confirm a new decline, the pair has to fix below Super Trends and later they have to form “bearish cross”.

Image20160902110111002.png



AUD USD, “Australian Dollar vs US Dollar”
In case of the AUD/USD pair, the correction is not so fast in comparison with the Eurodollar, however, the price may test the 4/8 level as well. If the market rebounds from this level and then fixes below the H4 Super Trend, bears will start a new descending movement.

Image20160902110112001.png


At the H1 chart, the pair is moving in the middle. It’s highly likely that quite soon the price may test the 4/8 level: the future scenario depends on how the price will move at this level. If the pair rebounds quickly to the downside and stays under Super Trends, I’m planning to increase my short position.

Image20160902110112002.png



RoboForex Analytical Department
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Wave Analysis 05.09.2016 (EUR/USD, GBP/USD, USD/JPY and AUD/USD)

EUR USD, “Euro vs. US Dollar”

Image20160905135401001.png


Supposedly, EUR USD is showing a descending wedge in the wave . A horizontal triangular was formed earlier in the wave (В) within which the wave E has become a zigzag. In the short-term, we can expect a further decline of the price.


Image20160905135401002.png


On 1-H chart a zigzag within the wave (iv) was formed and this lead to a descending impulse in the wave i. Thus, in the short-term we can expect a further decline of the price within the wave iii of (v).


GBP USD, “Great Britain Pound vs. US Dollar”

Image20160905135401003.png


On the GBP chart the analysis has been updated. Apparently, the ascending zigzag in the wave (y) of [ii] has come to an end. If a descending impulse on the chart is formed, this can be seen as confirmation of continuation of the pair decline.


Image20160905135401004.png


More detailed analysis can be found on the 1-H chart. Supposedly, a bullish impulse in the wave с of (y) has been formed. Within the wave с of (y) the fifth wave have been completed. As such, we can expect the market descending as early as during the day.


USD JPY, “US Dollar vs. Jananese Yen”

Image20160905135401005.png


The wave analysis that suggests a further forming of the diagonal triangular in the wave [v] of C still remains in force. It may happen that in the near future we can see how the market starts descending within the wave (iii).


Image20160905135401006.png


As we can see on the 1-H chart analysis, a bullish impulse has been formed within the wave [C] of y, and this has led to falling of the price in the assumed wave (1). On Monday, it is possible that we see a further downside move of the price.


AUD USD, “Australian Dollar vs. US Dollar”

Image20160905135401007.png


Most probable that the Aussie starts forming an in the wave (iii). A descending wedge was formed earlier in the wave (i) which has been corrected by the wave (ii). Consequently, in the short term it is possible that a new round of descending starts and a breakout of the low occurs.


Image20160905135401008.png


On the 1-H chart a wedge in the wave i has been formed, and this has led to start of a local correction. Admittedly, the wave ii has already been completed, and this gives the pair a chance to descend within the third wave. Thus, as early as the nearest days the pair can form a new low of the wave i.
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Murrey Math Lines 06.09.2016 (EUR/USD and USD/CHF)

EUR USD "Euro vs. US Dollar"


Image20160906125800001.png


After the market rebounded from the 4/8 level and the daily Super Trend it is trying to resume its downside move. As long as the pair managed to hold above the 3/8 level, a further decline towards the 1/8 level is possible.

Image20160906125800002.png


On the 1-H trend, the Super Trend lines have formed a "bearish cross". If the pair is able to break out the 1/8 level, a deeper falling down will come to the fore. The nearest target is a Murrey level 2/8.

USD CHF "US Dollar vs. Swiss Frank"

Image20160906125800003.png


The Frank has completed a rebound near the 4/8 level and the daily SuperTrend which suggests a possible uptrend restart. If the pair is able to break the 3/8 level and hold above it, we can anticipate a workout of the 7/8 level afterwards, which could be a start point for a correction move.

Image20160906125800004.png


On 1-H chart we see how the market continues to consolidate within the "overbought area". During the day the market can resume its rise towards the +2/8 level and, if this level is broken out, the Murrey setup will be entirely redrawn.
 

RoboForex

Active Trader
Aug 4, 2016
633
2
39
Cyprus
www.roboforex.com
Technical analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, 12.09.2016

Currency pair EUR/USD has been traded to test lower level of reversal Neck pattern. We are expecting that pair to continue descending towards the level at 1.1190. Then it should test the level at 1.1237 from below and descend towards the level at 1.1150.

EUR_USD_12.09.2016.png


Currency pair GBP/USD has been traded within the descending wave that points to the level at 1.3212. We expect it to test level at 1.3292 from below and then it should fall towards 1.3160.

GBP_USD_12.09.2016.png


Pair USD/CHF has been traded within ascending wave. For today, we are considering the possibility that this pair would test the level at 0.9740 from above and then rise towards 0.9843. However, the goal for this wave is on the level at 0.9940.

USD_CHF_12.09.2016.png


Currency pair USD/JPY has been traded on descending impulse. We are expecting it to cover the level at 102.00. Then pair should test the level at 102.50 from below. In case this pair would break lower boundary we can foresee that this trend continues and endangers the level at 99.00. However, we should not rule out the possibility of positive dynamic towards the level 104.65, that scenario is still possible.

USD_JPY_12.09.2016.png


Currency pair AUD/USD has been done with the descending wave. Now, we should not ignore the chance of correction till the level at 0.7650. Then it might go lower till the level at 0.7400. But there is also a chance for descending without any correction.

AUD_USD_12.09.2016.png


Currency pair USD/RUB has been traded within consolidation pattern, keeping the middle of it. For now, we consider the main scenario is descending towards the level at 62.00. As an alternative, we can expect recovery till 65.35. Then it would descend towards 62.00.

USD_RUB_12.09.2016.png


Gold has finished correction till the level at 1329. For today, we expect consolidation to go on, and in case precious metal would break upper boundary, we should consider a chance for forming another rising pattern that would lead towards 1355. And that potential should be considered as a part of the wave towards 1440.

XAU_USD_12.09.2016.png