Technical Analysis by RoboForex

[RoboForex]

Ichimoku Cloud Analysis 26.06.2018 (AUDUSD, NZDUSD, USDCAD)
26.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7414; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7425 and then continue moving downwards to reach 0.7295. 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 0.7480. In this case, the pair may continue growing towards 0.7585. After breaking the downside border of the channel and fixing below 0.7370, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6889; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6905 and then continue moving downwards to reach 0.6790. 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 0.6945. In this case, the pair may continue growing towards 0.7050.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3285; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3250 and then continue moving upwards to reach 1.3465. 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 1.3110. In this case, the pair may continue falling towards 1.2990.

 

[RoboForex]

Murrey Math Lines 26.06.2018 (AUDUSD, NZDUSD)
26.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair may break the 2/8 level and then continue growing towards the resistance at the 3/8one.

In the H1 chart, the pair may break the support at the 2/8 level and then fall towards the 0/8 one.

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD is expected to continue falling towards the support at the 0/8 level.

In the H1 chart, the pair may test the 3/8 level, rebound from it, and then continue trading to reach 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 trading downwards.

Back to list

 

[RoboForex]

Japanese Candlesticks Analysis 26.06.2018 (USDCAD, AUDUSD)
26.06.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star, Engulfing, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may form several more reversal patterns and then continue falling.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still testing the support level and forming several Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete this sideways movement and rebound from the level again.

 

[RoboForex]

Forex Technical Analysis & Forecast 26.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
26.06.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still growing. Possibly, today the price may reach 1.1672. After that, the instrument may grow towards 1.1726 and then fall to reach, thus forming a new consolidation range with a reversal pattern. The next downside target is at 1.1425.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating above 1.3200. Today, the price may grow to reach 1.3333 and then return to 1.3200. If later the pair breaks this range to the upside, the market may continue the correction to reach 1.3434 (an alternative scenario); if to the downside – resume falling with the target at 1.3080.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still being corrected. Possibly, today the price may reach 0.9850 and then grow towards 0.9916. After that, the instrument may form another descending structure with the target at 0.9842 and then continue trading upwards to reach 1.0020.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading to break 109.44; the target is at 108.90. Later, the market may continue trading downwards with the short-term target at 108.64.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming the fifth wave of the descending structure; the target is at 0.7286. Possibly, the pair may be corrected towards 0.7465 and then resume falling to complete this wave.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still falling with the target at 62.56. After that, the instrument may form another ascending structure to reach 63.40. Later, the market may resume trading downwards to break 62.00 and then continue falling with the target at 59.95.

XAUUSD, “Gold vs US Dollar”

Gold is moving downwards. Today, the price may fall to break 1260.00 and then continue trading downwards to reach 1240.00. After that, the instrument may start another correction with the target at 1304.00.

BRENT

Brent is still consolidating around 74.66. Possibly, today the pair may grow towards 76.35 and then fall to return to 74.66, thus forming a new consolidation range. If later the pair breaks this range to the upside, the market may continue growing to reach 77.00; if to the downside – trade downwards with the target at 71.80.

 

[RoboForex]

Fibonacci Retracements Analysis 27.06.2018 (GBPUSD, EURJPY)
27.06.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the convergence made GBPUSD start a new correction to the upside. The possible targets of this correction may be the retracements of 23.6% and 38.2% at 1.3402 and 1.3587 respectively. However, in case the downtrend continues, the instrument may trade to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3100 and 1.3036 respectively.

In the H1 chart, after finishing another ascending impulse, the pair has started a new correction to the downside, which has already reached the retracement of 50.0%. The next targets may be the retracements of 61.8%% and 76.0%. The resistance level is the high at 1.3315

EURJPY, “Euro vs. Japanese Yen”

The H4 chart shows two corrections, the mid-term correction to the upside and the short-term one to the downside. The targets of the first correction may be the retracements of 50.0% and 61.85 at 131.05 and 132.576 respectively; the target of the short-term one – the retracement of 76.0% at 126.00.

In the H1 chart, the divergence made the pair reverse and start a new correction to the downside, which has already reached the retracement of 38.2%. In the future, this decline may continue towards the retracements of 50.0%, 61.8%, and 76.0% at 127.74, 127.48, and 127.17 respectively. The resistance level is at 128.84.

 

[RoboForex]

Japanese Candlesticks Analysis 27.06.2018 (EURUSD, USDJPY)
27.06.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after falling, EURUSD has started another growth with slight pullbacks and Hammer, Engulfing, and Doji reversal patterns. At the moment, it may be assumed that the above-mentioned patterns indicate that the instrument may continue its ascending movement.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after falling from the resistance level once again, USDJPY has formed several Hammer and Inverted Hammer reversal patterns. Judging by the previous movement, it may be assumed that the instrument is about to finish falling and start a new uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 27.06.2018 (AUDUSD, NZDUSD, USDCAD)
27.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7379; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7395 and then continue moving downwards to reach 0.7265. Another signal to confirm further descending movement is the price’s forming Head & Shoulderspattern. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7480. In this case, the pair may continue growing towards 0.7585. After breaking the pattern’s neckline and fixing below 0.7340, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6819; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6845 and then continue moving downwards to reach 0.6720. 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 0.6945. In this case, the pair may continue growing towards 0.7050.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3317; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3280 and then continue moving upwards to reach 1.3485. 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 1.3120. In this case, the pair may continue falling towards 1.2990. After breaking the upside border of the Triangle pattern and fixing above 1.3350, the price may continue moving upwards.

 

[RoboForex]

Fibonacci Retracements Analysis 02.07.2018 (GOLD, USDCHF)
02.07.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still trading to the downside. After reaching the post-correctional extension area between the retracements of 138.2% and 161.8%, the pair continued falling towards the retracement of 261.8%, which is close to the long-term support level at 1236.50. At the same time, the convergence is being formed, which may indicate a possible pullback after the instrument reaches its targets. The resistance level is at 1265.00.

In the H1 chart, the convergence made the pair reverse and start a new correction to the upside, which has already reached the retracement of 38.2%. The next target may be the retracement of 50.0% at 1259.20.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has failed to break the retracement of 76.0%. The price may fall towards the support level at 0.9851, thus continuing its sideways movement. However, if the pair breaks the short-term resistance level, the instrument may reach the high at 1.0056, break it, and then continue growing to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0158 and 1.0222 respectively.

In the H1 chart, the pair has been corrected downwards by 61.8% and may continue trading towards the retracement of 76.0% at 0.9888.

 

[RoboForex]

Japanese Candlesticks Analysis 02.07.2018 (EURUSD, USDJPY)
02.07.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, while moving sideways and forming slight pullbacks and Hammer, Engulfing, and Doji reversal patterns, EURUSD has reached the resistance level. At the moment, it may be assumed that the above-mentioned patterns indicate that the instrument may continue its ascending movement.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after completing another slight correction from the resistance level, USDJPY has formed several Shooting Star and Hanging Man reversal patterns. Judging by the previous movement, it may be assumed that the instrument may continue trading to the upside.

 

[RoboForex]

Ichimoku Cloud Analysis 02.07.2018 (AUDUSD, NZDUSD, USDCAD)
02.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7380; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7400 and then continue moving downwards to reach 0.7240. 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 0.7455. In this case, the pair may continue growing towards 0.7535.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6772; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6820 and then continue moving downwards to reach 0.6665. 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 0.6870. In this case, the pair may continue growing towards 0.6950.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3173; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3205 and then continue moving downwards to reach 1.2970. 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 1.3315. In this case, the pair may continue growing towards 1.3420.

 

[RoboForex]

Murrey Math Lines 02.07.2018 (EURUSD, GBPUSD)
02.07.2018
EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is expected to break the 3/8 level and then continue growing towards the resistance at the 5/8 one.

In the H1 chart, the pair is moving above the 5/8 level and may continue trading towards 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.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD may break the 4/8 level and continue growing towards the resistance at the 5/8 one.

In the H1 chart, the pair may break the 4/8 level and continue trading towards the resistance at 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.

 

[RoboForex]

Forex Technical Analysis & Forecast 02.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
02.07.2018
EURUSD, “Euro vs US Dollar”

EURUSD is forming another descending structure towards 1.1475. After that, the instrument may resume growing to reach 1.1600 and continue trading downwards with the target at 1.1425.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Possibly, the pair may fall to reach 1.3030 and then grow towards 1.3266. Later, the market may start another decline with the target at 1.2933.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving upwards. Today, the price may grow to break 0.9860 and then continue trading to the upside to reach the short-term target at 1.0080.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating at the top of the ascending wave. Possibly, today the pair may reach 110.32. After that, the instrument may break this level to the downside and then continue trading downwards with the first target at 109.58.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving downwards. Possibly, the pair may continue trading downwards to reach 0.7285. Later, the market may start another growth towards 0.7478.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling. Today, the price may reach 62.13, break it, and then continue trading downwards with the short-term target at 60.77.

XAUUSD, “Gold vs US Dollar”

Gold is falling as well. Possibly, the pair may reach 1243.00 and then form another ascending structure towards 1257.00. After that, the instrument may resume falling with the target at 1240.00.

BRENT

Brent has expanded its consolidation range towards 77.70 and right now is trading close to it. Today, the price may continue trading upwards. The short-term target is at 81.30.

 

[RoboForex]

Fibonacci Retracements Analysis 03.07.2018 (EURUSD, USDJPY)
03.07.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the downtrend continues, but right now EURUSD is being corrected. After breaking the low at 1.1508, the instrument may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1377 and 1.1293 respectively. However, one shouldn’t exclude a possibility that the correction may yet continue to reach the retracements of 50.0% and 61.8% at 1.1962 and 1.2068 respectively.

In the H1 chart, the pair is being corrected to the upside towards the local high at 1.1719.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading towards the high at 111.39. After breaking the high, the price may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 111.49 and 111.84 respectively.

In the H1 chart, the divergence is being formed, which may indicate a reverse after the price reaches its upside targets.

 

[RoboForex]

Japanese Candlesticks Analysis 03.07.2018 (GOLD, NZDUSD)
03.07.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after breaking the support level, XAUUSD has formed several Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the price may try to rebound in the nearest future and start a new ascending tendency.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, after breaking the support level, NZDUSD has formed several Hammer, Engulfing, and Harami reversal patterns. At the moment, it may be assumed that the instrument may update the lows, reverse, and resume the uptrend.

 

[RoboForex]

Murrey Math Lines 03.07.2018 (AUDUSD, NZDUSD)
03.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair has rebounded from the support at the 0/8 level and may resume growing towards the resistance at the 3/8 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 trading upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

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

In the H1 chart, the pair may break the 0/8 level and then continue trading to reach the resistance at the 3/8 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 trading downwards.

 

[RoboForex]

Ichimoku Cloud Analysis 03.07.2018 (AUDUSD, NZDUSD, USDCAD)
03.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7368; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7385 and then continue moving downwards to reach 0.7210. 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 0.7415. In this case, the pair may continue growing towards 0.7525.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6711; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6765 and then continue moving downwards to reach 0.6605. 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 0.6850. In this case, the pair may continue growing towards 0.6950.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3177; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3195 and then continue moving downwards to reach 1.3020. 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 1.3315. In this case, the pair may continue growing towards 1.3420.

 

[RoboForex]

Forex Technical Analysis & Forecast 03.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
03.07.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed one more descending impulse along with the correction and formed another consolidation range. Later, the market may break 1.1600 to the downside and continue trading downwards with the short-term target at 1.1510.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Possibly, today the pair may fall to reach 1.3025 and then grow towards 1.3270.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving upwards. Today, the price may grow to break 0.9986 and then continue trading to the upside to reach the short-term target at 1.0080.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is forming the first descending impulse with the target at 110.35. After that, the instrument may grow to reach 110.75, thus forming a new consolidation range. If later the instrument breaks this range to the downside, the market may continue trading downwards with the first target at 109.45.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving downwards to reach the target at 0.7285. Possibly, today the pair may grow towards 0.7355 and then resume falling to reach the above-mentioned target.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 63.00. Possibly, the pair may fall to break 62.08 and then continue trading downwards with the short-term target at 60.70.

XAUUSD, “Gold vs US Dollar”

Gold has reached the main target of the descending wave. Possibly, the pair may consolidate near the lows. After that, the instrument may form a reversal pattern to start another correction towards 1304.00.

BRENT

Brent is consolidating above 77.70. Possibly, the pair may reach 76.80 and then return to the short-term target at 80.70. Later, the market may be corrected towards 78.40 and then continue trading upwards to reach 82.00.

 

[RoboForex]

Fibonacci Retracements Analysis 04.07.2018 (GBPUSD, EURJPY)
04.07.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the convergence made GBPUSD start a new correction to the upside. The possible targets of this uptrend may be the retracements of 23.6% and 38.2% at 1.3362 and 1.3556 respectively. The support level is the low at 1.3049.

In the H1 chart, the pair is trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3261 and 1.3290 respectively.

EURJPY, “Euro vs. Japanese Yen”

In the H4 chart, EURJPY is still being corrected to the upside. The targets of this mid-term correction may be the retracements of 50.0% and 61.8% at 131.055 and 132.575 respectively. The support level is the low at 124.619.

In the H1 chart, the pair is moving upwards. The closest target is the local high at 130.352. After breaking it, the instrument may continue trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 131.760 and 132.630 respectively. The support level is at 128.055.

 

[RoboForex]

Japanese Candlesticks Analysis 04.07.2018 (USDCAD, AUDUSD)
04.07.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has rebounded from the resistance level and formed Shooting Star, Engulfing, and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may form several more reversal patterns and then resume falling.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD keeps testing the support level with slight pullbacks and forming several Hammer, Doji, Engulfing, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete this sideways movement and resume moving upwards.

 

[RoboForex]

Japanese Candlesticks Analysis 04.07.2018 (USDCAD, AUDUSD)
04.07.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has rebounded from the resistance level and formed Shooting Star, Engulfing, and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may form several more reversal patterns and then resume falling.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD keeps testing the support level with slight pullbacks and forming several Hammer, Doji, Engulfing, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete this sideways movement and resume moving upwards.