Forex Technical Analysis & Forecast by RoboForex

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Fibonacci Retracements Analysis 20.08.2019 (EURUSD, USDJPY)​

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD has reached a very significant correctional level, 76.0% fibo and may continue falling towards the lows at 1.1027. After breaking the low, the price may continue trading towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.0942 and 1.0889 respectively. Another scenario implies that the pair may start a new rising wave without breaking the low. In this case, the ascending correction may continue towards 38.2% and 50.0% fibo at 1.1327 and 1.1422 respectively.

Read more - Fibonacci Retracements Analysis EURUSD, USDJPY

 

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Forex Technical Analysis & Forecast 22.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)​

EURUSD, “Euro vs US Dollar”

EURUSD has rebounded from 1.1106 to the downside. Possibly, the pair may break 1.1090 and then continue trading downwards to reach 1.1060. After that, the instrument may be corrected to return to 1.1090 and then resume trading inside the downtrend with the target at 1.1019.

Read more - Forex Technical Analysis & Forecast 22.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

 

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Ichimoku Cloud Analysis 26.08.2019 (AUDUSD, NZDUSD, USDCAD)​

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6731; 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 0.6740 and then resume moving downwards to reach 0.6605. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6810. In this case, the pair may continue growing towards 0.6905.

Read more - Ichimoku Cloud Analysis AUDUSD, NZDUSD, USDCAD