Technical Analysis by RoboForex

[RoboForex]

Ichimoku Cloud Analysis 14.11.2018 (AUDUSD, NZDUSD, USDCAD)
14.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7220; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7175 and then resume moving upwards to reach 0.7335. 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 cancelled if the price breaks the downside border of the cloud and fixes below 0.7135. In this case, the pair may continue falling towards 0.7025.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6780; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6745 and then resume moving upwards to reach 0.6895. 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 cancelled if the price breaks the downside border of the cloud and fixes below 0.6645. In this case, the pair may continue falling towards 0.6555.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3235; 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 1.3185 and then continue moving upwards to reach 1.3345. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3095. In this case, the pair may continue falling towards 1.2995.

 

[RoboForex]

Murrey Math Lines 14.11.2018 (USDJPY, USDCAD)
14.11.2018
USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to grow to reach the downside border of the consolidation range at the 3/8 level.

In the H1 chart, the scenario may be a bit different. The price may rebound from the resistance at the 5/8 level and then resume falling towards the support at the 5/8 one.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is trading inside the “overbought zone” and may resume falling towards the support at the 6/8 level.

In the H1 chart, the scenario may be different. The price is trading above the 5/8 level and may continue trading upwards to reach the resistance at the 8/8 one.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

 

[RoboForex]

Japanese Candlesticks Analysis 14.11.2018 (GOLD, NZDUSD)
14.11.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is forming another correction from the support level with Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after testing this level the instrument may continue its ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD has completed another pullback and formed Hammer, Inverted Hammer, and Harami reversal patterns. Right now, the price is testing the resistance level once again. Judging by the previous movements, it may be assumed that the instrument may break the level and then continue its growth.

 

[RoboForex]

Forex Technical Analysis & Forecast 14.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
14.11.2018
EURUSD, “Euro vs US Dollar”

After forming another consolidation range around 1.1240 and breaking it upwards, EURUSD has finished a new ascending correctional impulse and reached the short-term target at 1.1315. Possibly, today the price may fall towards 1.1268 and then grow to reach 1.1323 to complete the current ascending wave. After that, the instrument may resume trading inside the downtrend with the target at 1.1155.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is being corrected upwards to reach 1.3050. Later, the market may resume falling to break 1.2893 and then continue trading inside the downtrend with the short-term target at 1.2733.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is falling. Today, the pair may be corrected to the downside and reach 1.0050. After that, the instrument may start another growth with the target at 1.0145.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating at the top. Possibly, the price may form a reversal pattern. If later the pair breaks 113.61 to the downside, the instrument may form a new descending impulse with the target at 112.95. Later, the market may start another correction towards 113.55.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the target of the correction. Possibly, today the price may fall to break 0.7168 and then continue trading inside the downtrend with the short-term target at 0.7107.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating above 67.57. Possibly, the price may reach this target of this structure at 68.10 without any corrections. After that, the instrument may form another consolidation range. If later the pair breaks this range to the downside, the price may form one more descending structure to wards 65.60.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1200.95. Today, the pair may start a new ascending impulse towards 1206.55 and then fall to return to 1200.95. Later, the market may start a new growth with the short-term target at 1212.55.

BRENT

Brent is still trading downwards. Possibly, the pair may reach 63.89 and then start another correction to the upside towards 74.74. After that, the instrument may form one more descending structure with the target at 62.62.

 

[RoboForex]

Japanese Candlesticks Analysis 15.11.2018 (USDCAD, AUDUSD)
15.11.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still being corrected below the resistance level and forming Harami, Hanging Man, Shooting Star, and Doji reversal patterns. Judging by the previous movements, right now it may be assumed that after completing the correction the instrument may continue its ascending movement.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has reached the resistance level once again and formed Harami and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume moving inside the uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 15.11.2018 (AUDUSD, NZDUSD, USDCAD)
15.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7275; 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 0.7235 and then resume moving upwards to reach 0.7335. 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 cancelled if the price breaks the downside border of the cloud and fixes below 0.7190. In this case, the pair may continue falling towards 0.7090.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6801; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6775 and then resume moving upwards to reach 0.6885. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6745. In this case, the pair may continue falling towards 0.6655.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3228; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3175 and then continue moving upwards to reach 1.3345. 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 cancelled if the price breaks the downside border of the cloud and fixes below 1.3110. In this case, the pair may continue falling towards 1.2995.

 

[RoboForex]

Fibonacci Retracements Analysis 16.11.2018 (BITCOIN, ETHEREUM)
16.11.2018
BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, the quick descending impulse continued the long-term downtrend; the impulse has broken the previous low and the post-correctional extension area between the retracements of 138.2% and 161.8%. The next target may be the retracement of 261.8% at 4944.00. The local pullback may reach 5818.00.

As we can see in the H1 chart, the convergence made the pair reverse and start a new correctional uptrend, which has already reached the retracement of 38.2%. The next upside target may be the retracements of 50.0% and 61.8% at 5771.00 and 5875.00 respectively.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, after breaking the key low, ETHUSD continued trading downwards to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 169.60 and 160.50 respectively. The resistance level is at 184.38.

In the H1 chart, the pair is trading inside the correctional uptrend. The upside targets may be the retracements of 38.2%, 50.0%, and 61.8% at 181.25, 186.25, and 191.08 respectively.

 

[RoboForex]

Forex Technical Analysis & Forecast 16.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
16.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating; it has finished another ascending structure towards the upside border and right now is trading downwards. Possibly, today the price may fall to reach 1.1260 and then resume growing towards 1.1305. After that, the instrument may continue trading inside the downtrend with the target at 1.1155.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken 1.2890 downwards; in fact, it is forming the third descending wave with the target at 1.2710. Today, the pair may return to 1.2890 to test it from below and then resume falling to reach the above-mentioned target. The main target of this descending wave is at 1.2655, at least.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 1.0072. Possibly, the pair may choose an alternative scenario and extend this correction towards 1.0018. According to the main scenario, the price may break the range upwards and then resume trading inside the uptrend with the target at 1.0148.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading below 113.57. Today, the pair may continue falling with the first target at 112.94. Later, the market may be corrected return to 113.57 and then resume trading inside the downtrend to reach 111.00.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7272. Possibly, today the price may break the range downwards and resume trading inside the downtrend with the first target at 0.7160.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading downwards; it has broken the rising channel and is moving to reach the target at 65.62. Today, the pair may reach this level and then form one more ascending structure towards 66.48. After that, the instrument may continue forming the third descending wave with the target at 63.10.

XAUUSD, “Gold vs US Dollar”

Gold is forming the fifth structure. Possibly, today the price may reach 1217.75 and then form a new descending wave towards 1190.00. Later, the market may start another growth with the first target at 1220.00.

BRENT

Brent is forming the second ascending impulse with the target at 68.88. Today, the pair may reach this target and then resume falling towards 67.20. After that, the instrument may form one more ascending impulse, the third one, to reach the first target at 69.69.

 

[RoboForex]

Ichimoku Cloud Analysis 20.11.2018 (AUDUSD, NZDUSD, USDCAD)
20.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7280; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.7230 and then resume moving upwards to reach 0.7385. 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 cancelled if the price breaks the downside border of the cloud and fixes below 0.7215. In this case, the pair may continue falling towards 0.7150.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6851; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6780 and then resume moving upwards to reach 0.6935. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6725. In this case, the pair may continue falling towards 0.6655.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3166; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3195 and then resume moving downwards to reach 1.3060. Another signal to confirm further descending movement is the price’s forming Head & Shoulders reversal pattern. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3225. In this case, the pair may continue growing towards 1.3295. After breaking the cloud’s downside border and fixing below 1.3120, the price may continue moving downwards.

 

[RoboForex]

Forex Technical Analysis & Forecast 20.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
20.11.2018
EURUSD, “Euro vs US Dollar”

The American currency is getting weaker, that’s why EURUSD is trading upwards and extending the correction. Possibly, the price may reach 1.1470 and then fall towards 1.1380. After that, the instrument may form one more ascending structure to reach 1.1435 and then start a new decline with the first target at 1.1344.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed another consolidation range around 1.2848. Possibly, today the price may form one more ascending structure to reach 1.2880 and then resume falling with the short-term target at 1.2710.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has finished the consolidation range around 1.0007, broken it to the downside, and reached the first target at 0.9920. Today, the pair may grow to return to 1.0007 and then form a new descending structure towards 0.9888. Later, the market may resume trading inside the uptrend with the target at 1.0200.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still trading downwards; it has completed another consolidation range around 112.62. Possibly, the price may continue trading inside the downtrend with the short-term target at 111.16.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken the channel of the fifth ascending structure and right now is trading downwards with the target at 0.7242. Later, the market may start another growth to reach 0.7288 and then resume trading inside the downtrend towards 0.7155.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating above 65.60. If later the instrument breaks this range to the upside, the price may start a new correction to reach 66.92; if to the downside – resume trading inside the downtrend with the short-term target at 63.03.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating; it has already reached 1220.70. Possibly, today the price may reach 1216.75 and then start another growth to return to 1220.70. After that, the instrument may resume falling with the first target at 1207.45.

BRENT

Brent is still consolidating around 67.35. Today, the pair may reach the short-term target at 68.68 and then resume falling towards 66.50. After that, the instrument may form one more ascending structure with the first target at 69.69.

 

[RoboForex]

Fibonacci Retracements Analysis 20.11.2018 (EURUSD, USDJPY)
20.11.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the convergence made EURUSD reverse and start a new correctional uptrend, which has already reached the retracement of 38.2%. The next possible upside targets may be the retracements of 50.0% and 61.8% at 1.1516 and 1.1586 respectively. The local support level is at 1.1357.

In the H1 chart, there is a divergence while EURUSD is still trading upwards. In this case, the price is expected to reach the retracement of 50.0% at 1.1516 and then start a new pullback. The possible targets are the retracements of 23.6%, 38.2%, 50.0%, and 61.8% at 1.1445, 1.1401, 1.1366, and 1.1330 respectively.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has failed to form a steady ascending impulse; the current movement may be considered as a new descending wave inside the mid-term correction. After breaking the local support at 111.37, the pair may continue falling to reach the retracements of 38.2% and 50.0% at 110.76 and 109.58 respectively. The resistance level is at 114.20.

In the H1 chart, there is a convergence while the pair is still trading downwards. Possibly, after reaching the local support at 112.20, the instrument may start a new pullback. The correctional targets may be the retracements of 23.6%, 38.2%, and 50.0% at 112.68, 112.97, and 113.21 respectively.

 

[RoboForex]

Murrey Math Lines 20.11.2018 (AUDUSD, NZDUSD)
20.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is expected to fall towards the support at the 5/8 level.

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD is trading inside the “overbought zone”. In this case, the price may break the 8/8 level and then continue falling towards the support at the 5/8 one.

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

 

[RoboForex]

Japanese Candlesticks Analysis 20.11.2018 (USDCAD, AUDUSD)
20.11.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still being corrected below the resistance level and forming Harami, Hanging Man, and Doji reversal patterns. Judging by the previous movements, right now it may be assumed that after completing the pullback the instrument may continue its ascending movement and break the level.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still testing the resistance and forming Harami and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume moving inside the uptrend.

 

[RoboForex]

Fibonacci Retracements Analysis 21.11.2018 (GBPUSD, EURJPY)
21.11.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is being corrected to the upside and has already reached the retracement of 23.6%. In case the correction continues, the possible targets may be the retracements of 38.2%, 50.0%, and 61.8% at 1.2896, 1.2949, and 1.3001 respectively. If the pair breaks the local support at 1.2723, the instrument may fall to test the key support level at 1.2661.

The H1 chart show more detailed structure of the current correction with a local consolidation range before a new rising impulse.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, after being corrected by 50.0%, EURJPY hasn’t been able to reach the support level. The current consolidation range in the form of the Flag indicates that the correctional uptrend may yet continue. The upside target may be the retracements of 61.8% and 76.0% at 130.65 and 131.57 respectively.

In the H1 chart, the pair continues moving sideways inside the ascending correction; it has already reached the retracement of 61.8%. The next possible upside targets may be the retracement of 76.0% at 129.51 or even the high at 130.14. The support level is at 127.50.

 

[RoboForex]

Ichimoku Cloud Analysis 21.11.2018 (AUDUSD, NZDUSD, USDCAD)
21.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7234; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7225 and then resume moving upwards to reach 0.7360. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7210. In this case, the pair may continue falling towards 0.7100.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6815; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6790 and then resume moving upwards to reach 0.6955. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6730. In this case, the pair may continue falling towards 0.6655.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3297; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3245 and then resume moving upwards to reach 1.3400. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3145. In this case, the pair may continue falling towards 1.3045. After breaking the channel’s upside border and fixing above 1.3340, the price may continue moving upwards.

 

[RoboForex]

Murrey Math Lines 21.11.2018 (USDJPY, USDCAD)
21.11.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from the support at the 0/8 level. In this case, the price is expected to resume growing to reach the resistance at the 3/8 level.

In the H1 chart, the scenario may be a bit different. The price may test the 0/8 level, rebound from it, and then resume growing towards 114.84.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is trading close to the 5/8 level. In this case, the price may rebound from this level and resume falling towards the support at the 4/8 one.

In the H1 chart, the price is trading close to resistance at the 8/8 level. In the future, the instrument may rebound from this level and resume trading downwards to reach the support at the 5/8 one.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

 

[RoboForex]

Japanese Candlesticks Analysis 21.11.2018 (EURUSD, USDJPY)
21.11.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has completed the pullback from the resistance level and formed several Hammer and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction the instrument may continue moving to the upside.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has been corrected from the resistance level; right now, it is testing the support level and forming Hammer and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level the instrument may continue its ascending tendency.

 

[RoboForex]

Forex Technical Analysis & Forecast 21.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
21.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD is forming the first descending wave. Possibly, today the price may test 1.1391 from below and then fall with the first target at 1.1313. After that, the instrument may start a new correction to return to 1.1391 and then resume trading inside the downtrend to reach 1.1150.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed another consolidation range around 1.2848, broken it to the downside, and right now is trading without any particular direction below 1.2795. According to the main scenario, the price may form a new descending structure to reach 1.2710 and then start another growth to return to 1.2795. Later, the market may resume falling with the target at 1.2650.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9937 upwards. Possibly, the price may form the first impulse to reach 0.9971 and then start a new correction to return to 0.9937. After that, the instrument may resume trading inside the uptrend with the target at 1.0033.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken its descending channel. Possibly, the price may start a new correction; the first target is at 113.08. Later, the market may resume falling towards 112.69 and then grow to complete the correction at 113.40. After that, the instrument may continue trading inside the downtrend with the target at 111.00.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken 0.7250 downwards and may continue falling with the target at 0.7170. Today, the pair may test 0.7250 from below and then resume falling towards the above-mentioned target. Later, the market may start a new correction to return to 0.7250 and then resume trading inside the downtrend to reach 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating above 65.60. If later the instrument breaks this range to the upside, the price may start a new correction to reach 66.92; if to the downside – resume trading inside the downtrend with the short-term target at 63.03.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1223.10. Possibly, today the price may reach 1216.75 and then start another growth towards 1220.70. After that, the instrument may resume falling with the first target at 1209.85.

BRENT

Brent is forming the first ascending impulse. Possibly, the price may reach the target at 68.30 and then resume falling towards 65.20. Later, the market may form one more ascending structure with the short-term target at 71.50.

 

[RoboForex]

Ichimoku Cloud Analysis 22.11.2018 (AUDUSD, NZDUSD, USDCAD)
22.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7250; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.7245 and then resume moving upwards to reach 0.7350. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7210. In this case, the pair may continue falling towards 0.7100. After breaking the channel’s upside border and fixing above 0.7285, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6807; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6795 and then resume moving upwards to reach 0.6925. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6730. In this case, the pair may continue falling towards 0.6655.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3228; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3215 and then resume moving upwards to reach 1.3360. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3145. In this case, the pair may continue falling towards 1.3045.

 

[RoboForex]

Fibonacci Retracements Analysis 22.11.2018 (AUDUSD, USDCAD)
22.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made AUDUSD reverse and start a new correctional downtrend, which has already reached the retracement of 38.2%. The next downside targets may be the retracements of 50.0% and 61.8% at 0.7179 and 0.7143 respectively. After completing the correction, the instrument is expected to resume trading upwards to reach the high at 0.7337. If later the price break it, the pair may continue the mid-term correctional uptrend towards the retracement of 38.2% at 0.7447.

The H1 chart shows more detailed structure of the current correction.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still trading upwards with slight pullbacks and, at the same time, there is a divergence on MACD. The key upside target is the high at 1.3386; the local support is at 1.3083. However, the divergence may force the correction to go deeper to reach the retracements of 23.6%, 38.2%, and 50.0% at 1.3191, 1.3113, and 1.3050 respectively.

In the H1 chart, the price is trading towards the retracement of 23.6% at 1.3191. If the pair breaks the high at 1.3318, the instrument will continue moving upwards.