Technical Analysis by RoboForex

[RoboForex]

Fibonacci Retracements Analysis 03.12.2018 (GOLD, USDCHF)
03.12.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the uptrend has already reached the retracement of 61.8%. The closest upside targets are the retracement of 76.0% at 1232.00 and the current high at 1243.41. In case XAUUSD breaks the high, the instrument may continue growing towards the long-term retracement of 50.0% at 1262.60, which is inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 1261.25 and 1272.55 respectively. The key support level is at 1196.26.

In the H1 chart, the pair couldn’t break the local high at 1230.03. In case the price does break it, the instrument may grow towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1237.20 and 1241.67 respectively. The support is at 1211.15.

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is trading sideways. In case the downtrend continues, the price may reach the retracements of 38.2%, 50.0%, and 61.8% at 0.9904, 0.9836, and 0.9765 respectively. The resistance level is the high at 1.0128.

As we can see in the H1 chart, the pair has been corrected to the upside by 38.2%. The next targets of this pullback may be the retracements of 50.0% and 61.8% at 1.0019 and 1.0045 respectively.

 

[RoboForex]

Japanese Candlesticks Analysis 04.12.2018 (EURUSD, USDJPY)
04.12.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is testing the resistance level again and forming Hammer, Doji, and Harami 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 rebounded from the resistance level once again and formed Doji and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback the instrument may continue its ascending tendency.

 

[RoboForex]

Japanese Candlesticks Analysis 04.12.2018 (EURUSD, USDJPY)
04.12.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is testing the resistance level again and forming Hammer, Doji, and Harami 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 rebounded from the resistance level once again and formed Doji and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback the instrument may continue its ascending tendency.

 

[RoboForex]

Ichimoku Cloud Analysis 04.12.2018 (AUDUSD, NZDUSD, USDCAD)
04.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7372; 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 0.7355 and then resume moving upwards to reach 0.7465. 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 0.7320. In this case, the pair may continue falling towards 0.7255.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6957; 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 0.6940 and then resume moving upwards to reach 0.7020. 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 0.6910. In this case, the pair may continue falling towards 0.6825.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3175; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 1.3205 and then resume moving downwards to reach 1.3095. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3255. In this case, the pair may continue growing towards 1.3365.

 

[RoboForex]

Forex Technical Analysis & Forecast 04.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
04.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has formed another consolidation range around 1.1350, broken it upwards, and reached the first target at 1.1378. Possibly, today the pair may fall towards 1.1363 and then start another growth to reach 1.1388. Later, the market may resume falling with the target at 1.1350.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating around 1.2735. Today, the pair may trade upwards to reach 1.2754 and then form a new descending structure to return to 1.2735. After that, the instrument may start another growth to reach 1.2777 and then resume falling with the target at 1.2655.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is being corrected to the downside to reach 0.9955. Later, the market may form one more ascending structure to break 1.0007 and then continue trading inside the uptrend with the short-term target at 1.0400.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is forming another descending structure towards 113.03. After that, the instrument may trade upwards to reach 113.36 and then fall with the target at 112.93. Later, the market may start another growth towards 113.50.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7370. According to the main scenario, the price is expected to fall to break 0.7340 and then continue falling inside the downtrend with the first target at 0.7292.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 66.47. Today, the pair may fall to break 65.60 and then continue trading inside the downtrend with the short-term target at 64.64.

XAUUSD, “Gold vs US Dollar”

Gold has broken the consolidation range upwards and reached the first target at 1236.70. Possibly, today the pair may form a new descending structure to return to 1224.00 and then start another growth with the target at 1252.30.

BRENT

Brent is forming the second ascending impulse with the target at 63.50. After that, the instrument may fall to reach 60.80 and start the third impulse towards the first target at 64.10.

 

[RoboForex]

Murrey Math Lines 04.12.2018 (AUDUSD, NZDUSD)
04.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is trading inside the “overbought zone”. In this case, the price is expected to rebound from the +1/8 level and resume falling towards the support at the 7/8 one.

In the H1 chart, the scenario is a bit different. The pair may grow towards the resistance at the 8/8 level only after breaking the 6/8 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.

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD is no longer trading inside the “overbought zone”. In this case, the price may rebound from the resistance at the +1/8 level and resume falling towards the 8/8 one.

In the H1 chart, the price is trading close to the strong resistance at the 8/8 level. In the future, the instrument may rebound from it 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 falling.

 

[RoboForex]

Fibonacci Retracements Analysis 04.12.2018 (EURUSD, USDJPY)
04.12.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the mid-term correction continues. The current movement may form a new Triangle pattern, but after reaching and breaking the high at 1.1472, the price may start a new rising channel. The correctional upside targets will be the retracements of 50.0% and 61.8% at 1.1516 and 1.1587 respectively. The key support level is at 1.1216.

In the H1 chart, the convergence made EURUSD reverse and start a new correction, which has already reached the retracement of 61.8%. The next upside target of this pullback may be the retracement of 76.0% at 1.1423. However, the key target for this rising impulse is at 1.1472.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has failed to form a proper ascending impulse; right now, it is forming a new descending wave to expand the mid-term correction to the downside. The closest target is the low at 112.03. If the price breaks the low, it may fall towards the support at 111.37. However, one shouldn’t exclude a possibility that the uptrend may yet continue. After breaking the local high at 114.20, the instrument may continue growing towards the key resistance at 114.55 or even the post-correctional extension area between the retracements of 138.2% and 161.8% at 114.93 and 115.37 respectively.

In the H1 chart, the pair is falling towards the retracement of 76.0% at 112.99. If the price breaks the low at 112.66, it may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 112.14 and 111.81 respectively.

 

[RoboForex]

Japanese Candlesticks Analysis 05.12.2018 (GOLD, NZDUSD)
05.12.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has updated the closest highs again and formed Hanging Man and Shooting Star reversal patterns. In the nearest future, the pair may be corrected again. Judging by the previous movements, it may be assumed that after finishing the pullback the instrument may start a new ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD has broken the resistance level and formed Engulfing, Shooting Star, and Doji reversal patterns. Right now, the price is being corrected once again. Judging by the previous movements, it may be assumed that after completing the pullback the instrument may continue its growth.

 

[RoboForex]

Ichimoku Cloud Analysis 05.12.2018 (AUDUSD, NZDUSD, USDCAD)
05.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7288; 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 0.7270 and then resume moving upwards to reach 0.7415. 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 0.7250. In this case, the pair may continue falling towards 0.7155.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6914; 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 0.6890 and then resume moving upwards to reach 0.7020. 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 0.6810. In this case, the pair may continue falling towards 0.6725.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3290; 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 1.3370. 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 1.3200. In this case, the pair may continue falling towards 1.3110.

 

[RoboForex]

Forex Technical Analysis & Forecast 05.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
05.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has quickly rebounded from 1.1414. Possibly, today the pair may continue falling to reach 1.1310. Later, the market may start another growth towards 1.1330 and then trade downwards to reach 1.1295, thus forming a new consolidation range around 1.1310. If later the instrument breaks this range to the downside, the price may continue trading inside the downtrend with the target at 1.1220.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has rebounded from 1.2828. Possibly, the pair may continue falling inside the downtrend towards 1.2655 and then trade upwards to reach 1.2777. After that, the instrument may form a new descending structure with the target at 1.2622.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is growing towards 1.0007. Today, the pair may reach this level and break it. The short-term target at 1.0040. Later, the market may test 1.0007 from above and then continue trading inside the uptrend with the short-term target at 1.0100.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached the short-term downside target; right now, it is forming another descending structure towards 112.40. Possibly, today the pair may be corrected to test 113.20 from below and then continue trading inside the downtrend with the first target at 112.40.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken the consolidation channel downwards; right now, it is forming the first descending impulse with the target at 0.7256. After that, the instrument may be corrected towards 0.7323 and then resume falling inside the downtrend to reach 0.7222.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 66.47 without any particular direction. Today, the pair may fall to break 65.60 and then continue trading inside the downtrend with the short-term target at 64.64.

XAUUSD, “Gold vs US Dollar”

Gold has reached another upside target. However, today the instrument isn’t traded. After the market opening on Thursday, the pair may form a new descending structure with the first target at 1216.20.

BRENT

Brent is consolidating close to 61.50. However, today the instrument isn’t traded as well. After the market opening on Thursday, the instrument may form one more ascending structure with the target at 65.80.

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[RoboForex]

Murrey Math Lines 05.12.2018 (USDJPY, USDCAD)
05.12.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from the support at the 5/8 level and may resume growing towards the resistance at the 7/8 one.

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

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD is expected to test the 6/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.

In the H1 chart, the price may break the 5/8 level and then continue trading downwards to reach the target at the 1/8 one.

 

[RoboForex]

Fibonacci Retracements Analysis 05.12.2018 (GBPUSD, EURJPY)
05.12.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after breaking the previous low, GBPUSD stopped moving sideways and right now is still trading downwards. The downside targets are inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.2646 and 1.2597 respectively. At the same time, there is a convergence on MACD, which may indicate a new pullback after the instrument reaches its short-term downside targets.

The H1 chart shows more detailed structure. There is a convergence on MACD. The current movement looks like the Divergent Triangle pattern, which is another signal of a possible pullback in the nearest future.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY is trading towards the local support at 127.50 and trying to break the long correctional channel. If the above-mentioned level is broken, the price may fall to reach the key low at 126.63, which is inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 126.82 and 126.40 respectively.

In the H1 chart, the pair got very close to the low at 127.50 and then started a new short-term correction towards the retracement of 50.0%.

 

[RoboForex]

Ichimoku Cloud Analysis 06.12.2018 (AUDUSD, NZDUSD, USDCAD)
06.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7223; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7255 and then resume moving downwards to reach 0.7130. Another signal to confirm further descending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7320. In this case, the pair may continue growing towards 0.7435.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6869; 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 0.6850 and then resume moving upwards to reach 0.6995. 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 0.6810. In this case, the pair may continue falling towards 0.6725.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3399; 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 1.3355 and then resume moving upwards to reach 1.3465. 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 1.3265. In this case, the pair may continue falling towards 1.3150.

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[RoboForex]

Forex Technical Analysis & Forecast 06.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
06.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed the first descending structure with the target at 1.1310; right now, it is being corrected to reach 1.1365. Later, the market may start another decline to break 1.1310 and then continue forming the third descending wave with the short-term target at 1.1252.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is being corrected upwards; so far, it has completed three correctional waves. An alternative scenario implies that the price may form the fifth correctional wave to reach 1.2810. However, according to the main scenario, the instrument is expected to continue falling inside the downtrend towards 1.2655, at least.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is being corrected downwards to reach 0.9952. After that, the instrument may form one more ascending structure to break 1.0007 and then continue trading inside the uptrend with the short-term target at 1.0055.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the correction at 113.20. Possibly, today the pair may form the fifth descending structure with the first target at 112.40. Later, the market may start another growth to return to 113.20 and then resume trading inside the downtrend with the short-term target at 111.00.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the downside target; right now, it is moving downwards with the target at 0.7190. Considering that the pair hasn’t formed any corrections yet, the price may form one more ascending structure towards 0.7325 at any moment. After that, the instrument may resume falling with the short-term target at 0.7050.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 66.47; it has finished the ascending structure towards 66.80. Today, the pair may fall to reach 66.40 and then start another growth to expand the range up to 67.07. Later, the market may continue consolidating and trade to the downside to expand the range up to 65.60.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating at the top. Today, the pair may fall to break 1236.60 and then continue trading inside the downtrend with the short-term target at 1231.50 or even 1224.24. The key downside target is at 1221.30.

BRENT

Brent is consolidating close to 61.93. Possibly, today the pair may form a new descending structure towards 61.00 and then start another growth with the short-term target at 65.95. After that, the instrument may be corrected to reach 62.05 and then form one more ascending structure with the first target at 66.60.

[URL deleted]

 

[RoboForex]

Murrey Math Lines 06.12.2018 (USDCHF, GOLD)
06.12.2018
USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is trading below the 3/8 level and may continue falling to reach the support at the 0/8 one.

In the H1 chart, the pair is consolidating. In this case, the price may break the 3/8 level and continue falling towards support at the 0/8 one.

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.

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD may break the 7/8 level and continue trading upwards to reach the resistance at the 8/8 one.

In the H1 chart, the pair is trading above the 5/8 level and may continue growing towards the resistance level 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]

Fibonacci Retracements Analysis 06.12.2018 (AUDUSD, USDCAD)
06.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the divergence made AUDUSD start a new descending correction, which is heading towards the retracements of 50.0%, 61.8%, and 76.0% at 0.7207, 0.7164, and 0.7110 respectively. After finishing the correction, the price may start a new rising impulse to break the current high at 0.7393 or even reach the mid-term retracement of 38.2% at 0.7447.

In the H1 chart, the pair is getting closer towards the retracement of 50.0% at 0.7207.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has reached the high at 1.3386; right now, the pair is testing it again. The next upside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3615 and 1.3759 respectively. The support is at 1.3154.

In the H1 chart, the price is trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3435 and 1.3483 respectively.

 

[RoboForex]

Forex Technical Analysis & Forecast 11.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
11.12.2018
EURUSD, “Euro vs US Dollar”

Yesterday, EURUSD started another descending wave; it managed to form the first structure, the correction, and the third structure as well. Possibly, today the pair may be corrected to reach 1.1370 and then fall towards 1.1325. After that, the instrument may start another correction with the target at 1.1385.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed another descending structure; it has formed a continuation pattern at 1.2650 and extended the wave. Today, the pair may trade upwards to reach 1.2605 and then form a new descending structure with the target at 1.2574. Later, the market may start another growth towards 1.2635.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has finished one more ascending structure; right now, it is being corrected. Possibly, the pair may reach 0.9888 and then form one more ascending structure with the short-term target at 0.9928.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the three-wave correction. Today, the pair may fall towards 112.80 and then grow to reach 113.41. After that, the instrument may start a new decline with the short-term target at 111.40.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating. Possibly, today the pair may grow towards 0.7240. If later the instrument breaks this range to the upside, the price may be corrected to reach 0.7300; if to the downside – resume trading inside the downtrend with the short-term target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 66.47. Today, the pair may expand the range towards 65.77. In case the price breaks this level, the instrument may continue trading inside the downtrend with the short-term target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold is trading to rebound from 1243.30 upwards. Possibly, today the pair may reach 1252.30 and start another decline towards 1235.90.

BRENT

Brent is still consolidating around 60.10. Possibly, the pair may form a new descending structure to reach 56.65. If later the instrument breaks this range to the upside, the price may continue trading inside the uptrend with the short-term target at 67.77.

 

[RoboForex]

Murrey Math Lines 11.12.2018 (AUDUSD, NZDUSD)
11.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is expected to test the 7/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.

As we can see in the H1 chart, the pair is no longer trading inside the “oversold zone” and may continue growing towards the 3/8 level.

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

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 continue falling towards the support at the 7/8 one.

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

 

[RoboForex]

Japanese Candlesticks Analysis 11.12.2018 (USDCAD, AUDUSD)
11.12.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has once again reached the resistance level and formed several Shooting Star, Hanging Man, and Long-Legged Doji reversal pattern. Judging by the previous movements, right now it may be assumed that right now the instrument may form another correction and then resume its ascending movement.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may resume moving inside the uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 11.12.2018 (AUDUSD, NZDUSD, USDCAD)
11.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7206; 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 0.7255 and then resume moving downwards to reach 0.7105. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7295. In this case, the pair may continue growing towards 0.7385.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6881; 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 0.6865 and then resume moving upwards to reach 0.6985. 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 0.6835. In this case, the pair may continue falling towards 0.6735.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3399; 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 1.3335 and then resume moving upwards to reach 1.3500. 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 1.3280. In this case, the pair may continue falling towards 1.3165.