Technical Analysis by RoboForex

[RoboForex]

Forex Technical Analysis & Forecast 02.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
02.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD has formed the consolidation range around 1.1688, broken it downwards, and may continue falling to reach 1.1630. Later, the market may break this level as well and reach 1.1614. After that, the instrument may start a new growth to return to 1.1688.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Today, the price may fall to break 1.3076 and then continue trading to the downside to reach the short-term target at 1.2982.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has competed the correctional structure and right now is forming another ascending impulse. Possibly, today the pair may break 0.9930 and reach the target at 0.9955. After that, the instrument may start another decline to return to 0.9930 and then form a new ascending structure with the target at 0.9988.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards. Today, the price may fall to reach 111.25 and then form a new ascending structure towards 112.30. Later, the market may continue falling with the short-term target at 110.30.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving downwards. Possibly, the pair may break 0.7377 to the downside. The short-term target is at 0.7315. After that, the instrument may grow to return to 0.7377 and then form another descending structure towards 0.7288.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is growing to reach 63.06. Later, the market may resume falling to break 61.61 and then continue trading to the downside with the short-term target at 59.60.

XAUUSD, “Gold vs US Dollar”

Gold is trading downwards. Possibly, today the pair may fall to reach 1211.00. Later, the market may grow to return to 1220.00 and then resume trading to the downside with the target at 1205.00.

BRENT

Brent is moving downwards and may reach 71.40. After that, the instrument may form another descending structure towards 73.30 and then start a new decline with the target at 70.95 to complete the correction. Later, the market may resume growing with the first target at 76.00.

 

[RoboForex]

Murrey Math Lines 02.08.2018 (USDCHF, GOLD)
02.08.2018
USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF may break the 5/8 level and then fall to reach the 3/8 level.

As we can see in the H1 chart, the pair has rebounded from the resistance at the 3/8 level. Later, the price may continue trading downwards to reach the first target at the 0/8 one.

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

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD may break the 2/8 level and continue falling towards the support at the 0/8 one.

As we can see in the H1 chart, the price is trading close to the support at the 0/8 level, in this case, the price may break the 1/8 level and continue growing towards the resistance at the 3/8 one.

 

[RoboForex]

Japanese Candlesticks Analysis 02.08.2018 (USDCAD, AUDUSD)
02.08.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD continues falling; from time to time, it forms slight pullbacks with Hammer, Inverted Hammer, and Doji reversal patterns. Right now, it may be assumed that the instrument continues trading downwards.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD continues moving sideways with pullbacks towards support and resistance levels, where it is forming Harami, Hammer, and Engulfing reversal patterns. Right now, the pair is being corrected again. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving upwards.

 

[RoboForex]

Japanese Candlesticks Analysis 06.08.2018 (GOLD, NZDUSD)
06.08.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still testing the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns there. Judging by the previous movements, it may be assumed that the price may finish the correction soon, rebound from the support level, and then start a new ascending tendency.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is still trading upwards. Right now, the pair is being corrected again and forming Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument may be corrected for a while and then resume the uptrend.

 

[RoboForex]

Murrey Math Lines 06.08.2018 (EURUSD, GBPUSD)
06.08.2018
EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is expected to test the 5/8 level, rebound from it, and then resume growing towards the resistance at the 8/8 one.

In the H1 chart, the price is trading below the 3/8 level and may continue falling towards the support at the 0/8 one. If the price breaks the 3/8 level, the above-mentioned scenario will be cancelled.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD may continue falling towards the support at the 0/8 level.

In the H1 chart, the price is trading below the 3/8 level and may continue falling towards the 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.

 

[RoboForex]

Forex Technical Analysis & Forecast 06.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
06.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD is trading close to the downside border of the range. Possibly, today the pair may continue falling inside the downtrend to reach 1.1494 and then form a new ascending structure towards 1.1545. After that, the instrument may resume trading to the downside with the short-term target at 1.1444.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating near the lows. Today, the price may fall to reach 1.2946 and then start a new correction towards 1.3070. Later, the market may form another descending structure with the target at 1.2888.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving upwards. Possibly, today the pair may grow to break 0.9966 and then continue moving to the upside with the target at 1.0000. After that, the instrument may form another descending structure towards 0.9950 and then resume growing to reach 1.0100.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is growing towards 111.72 and then may fall to reach 111.42. If later the instrument breaks this range to the upside, the price may grow to reach 112.29; if to the downside – continue falling inside the downtrend with the target at 110.30.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming another descending wave towards 0.7342. Later, the market may grow to reach 0.7375 and then resume trading to the downside towards 0.7300. According to the main scenario, the instrument is expected to continue falling inside the downtrend with the target at 0.7285.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has broken the ascending channel. Today, the price may fall to reach 62.50, thus forming another consolidation range below 61.61. According to the main scenario, the instrument is expected to continue falling with the target at 59.60.

XAUUSD, “Gold vs US Dollar”

Gold is trading below 1218.00. Possibly, the pair may continue trading to the downside to reach 1200.00. Later, the market may start another correction with the target at 1233.00.

BRENT

Brent is consolidating in the center of the range around 73.42. Today, the price may form another descending structure towards 70.50 and then start a new growth with the target at 75.90.

 

[RoboForex]

Ichimoku Cloud Analysis 06.08.2018 (AUDUSD, NZDUSD, USDCAD)
06.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7389; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the upside border of the cloud at 0.7410 and then resume moving downwards to reach 0.7295. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7430. In this case, the pair may continue growing towards 0.7465. After breaking the downside border of the Triangle pattern and fixing below 0.7325, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6739; 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 0.6675. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6815. In this case, the pair may continue growing towards 0.6850.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3008; 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 1.3020 and then continue moving downwards to reach 1.2890. 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 1.3095. In this case, the pair may continue growing towards 1.3285.

 

[RoboForex]

Forex Technical Analysis & Forecast 07.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
07.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD is consolidating in the center of the range around 1.1563. Possibly, today the pair may fall to reach 1.1515 and then form a new ascending structure towards 1.1563. After that, the instrument may resume trading to the downside with the target at 1.1420.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken its consolidation range downwards and may continue falling to reach 1.2888. Today, the price may form a new ascending structure towards 1.2975 and then resume trading to the downside with the target at 1.2888. Later, the market may start another growth to reach 1.3022.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken its consolidation range upwards and may continue growing to reach 1.0000. After that, the instrument may be corrected towards 0.9940 and then continue moving to the upside with the target at 1.0100.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is growing towards 111.59 and then may fall to reach 111.34. If later the instrument breaks this range to the upside, the price may grow to reach 112.29; if to the downside – continue falling inside the downtrend with the target at 110.30.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming another descending wave towards 0.7342. Later, the market may grow to reach 0.7375 and then resume trading to the downside towards 0.7300. According to the main scenario, the instrument is expected to continue falling inside the downtrend with the target at 0.7285.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling to reach 62.90. After that, the instrument may grow towards 63.39, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may grow to reach 64.20; if to the downside – resume trading to the downside with the target at 60.90

XAUUSD, “Gold vs US Dollar”

Gold is trading below 1218.00. According to the main scenario, the instrument is expected to continue trading to the downside to reach 1200.00. Later, the market may start another correction with the target at 1233.00.

BRENT

Brent has broken 73.20 and may continue growing towards 74.78. After that, the instrument may form another descending structure to return to 73.20, break it, and then continue falling inside the downtrend with the target at 70.90.

 

[RoboForex]

Ichimoku Cloud Analysis 07.08.2018 (AUDUSD, NZDUSD, USDCAD)
07.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7417; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the upside border of the cloud at 0.7420 and then resume moving downwards to reach 0.7365. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7435. In this case, the pair may continue growing towards 0.7465. After breaking the downside border of the Triangle pattern and fixing below 0.7350, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6733; 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 0.6665. 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 0.6815. In this case, the pair may continue growing towards 0.6850. After breaking the downside border of the Triangle pattern and fixing below 0.6705, the price may continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2981; 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 1.3005 and then continue moving downwards to reach 1.2890. 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 1.3095. In this case, the pair may continue growing towards 1.3285.

 

[RoboForex]

Murrey Math Lines 07.08.2018 (AUDUSD, NZDUSD)
07.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is expected to test the 3/8 level, rebound from it, and then resume falling towards the support at the 0/8 one.

As we can see in the H1 chart, the pair may break the 3/8 level and then continue trading downwards to reach the support at the 0/8 one.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards to reach 0.7324.

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD may break the 6/8 level and then continue falling towards 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 to reach 0.6652.

 

[RoboForex]

Japanese Candlesticks Analysis 07.08.2018 (USDCAD, AUDUSD)
07.08.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD continues falling; from time to time, it forms slight pullbacks with Hammer, Inverted Hammer, and Doji reversal patterns. Right now, it may be assumed that the instrument continues trading downwards.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD continues moving sideways with pullbacks towards support and resistance levels, where it is forming Harami, Hammer, Doji, and Engulfing reversal patterns. Right now, the pair is being corrected again. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving upwards.

 

[RoboForex]

Japanese Candlesticks Analysis 08.08.2018 (EURUSD, USDJPY)
08.08.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after reaching the support level once again and forming several Hammer and Harami reversal patterns there, EURUSD has rebounded from it. At the moment, it may be assumed that the instrument is trying to start another ascending movement.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is still trading close to the support level and forming Doji, Hammer, and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete its sideways movement soon, rebound from the support level, and start a new rising tendency.

 

[RoboForex]

Forex Technical Analysis & Forecast 08.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
08.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD is being corrected upwards and may reach 1.1630. After that, the instrument may fall towards 1.1577, thus forming another consolidation range. If later the pair breaks this range to the downside, the price may continue falling inside the downtrend with the target at 1.1414.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating near the lows. According to the main scenario, the instrument is expected to break the range to the downside and reach 1.2888. Later, the market may start another correction towards 1.3000.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating again. Possibly, the pair may fall to reach 0.9915. According to the main scenario, the instrument is expected to continue moving to the upside with the target at 1.0000. Later, the market may fall towards 0.9955 and then start another growth to reach 1.0025.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating around 111.25. Possibly, the pair may break the range to the downside and reach 110.60. After that, the instrument may grow towards 111.25 and then resume falling inside the downtrend with the first target at 110.30.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving upwards. Today, the price may reach 0.7463 and then fall towards 0.7373. Later, the market may break this level and continue falling inside the downtrend with the target at 0.7285.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling to reach 62.90. After that, the instrument may grow towards 63.39, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may grow to reach 64.20; if to the downside – resume trading to the downside with the target at 60.90.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating near the lows. Possibly, today the pair may test 1217.00 from below and then resume trading to the downside to reach 1200.00. Later, the market may start another ascending movement with the target at 1233.00.

BRENT

Brent continues growing towards 74.78. After that, the instrument may form another descending structure to return to 73.20, thus forming a wide consolidation range. If later the instrument breaks this range to the downside, the price may fall to reach 70.90; if to the upside – continue moving to the upside with the target at 75.90.

 

[RoboForex]

Ichimoku Cloud Analysis 08.08.2018 (AUDUSD, NZDUSD, USDCAD)
08.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7421; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7410 and then resume moving upwards to reach 0.7495. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7375. In this case, the pair may continue falling towards 0.7335. After breaking the upside border of the Triangle pattern and fixing above 0.7440, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6748; 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 0.6680. 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 0.6815. In this case, the pair may continue growing towards 0.6850. After breaking the downside border of the Triangle pattern and fixing below 0.6705, the price may continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3067; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the downside border of the cloud at 1.3015 and then continue moving upwards to reach 1.3175. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2975. In this case, the pair may continue falling towards 1.2895.

 

[RoboForex]

Murrey Math Lines 08.08.2018 (USDJPY, USDCAD)
08.08.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see In the H4 chart, USDJPY has broken the 5/8 level and right now is consolidating. In this case, the price is expected to continue falling to reach the 3/8 level.

In the H1 chart, the price is trading below the 3/8 level and may continue falling trading to the downside.

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

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD may break the 2/8 level and then continue 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, continue moving upwards.

 

[RoboForex]

Ichimoku Cloud Analysis 09.08.2018 (AUDUSD, NZDUSD, USDCAD)
09.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7433; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7415 and then resume moving upwards to reach 0.7505. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7375. In this case, the pair may continue falling towards 0.7335. After breaking the upside border of the Triangle pattern and fixing above 0.7460, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6656; 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 0.6705 and then continue moving downwards to reach 0.6590. 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 0.6785. In this case, the pair may continue growing towards 0.6850.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3006; 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 1.3015 and then continue moving downwards to reach 1.2900. Another signal to confirm further descending movement is the price’s rebounding from the resistance. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3080. In this case, the pair may continue growing towards 1.3185.

 

[RoboForex]

Japanese Candlesticks Analysis 09.08.2018 (GOLD, NZDUSD)
09.08.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still testing the support level and forming Hammer, engulfing, Doji, and Inverted Hammer reversal patterns there. Judging by the previous movements, it may be assumed that the price may continue trading near the support level for a while, rebound from it, and then start a new ascending tendency.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is still trading downwards. Today’s trading session opened with a gap and right now the pair is falling and forming Hammer and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument may try to confuse and mislead investors before starting a new growth.

 

[RoboForex]

Forex Technical Analysis & Forecast 10.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
10.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still moving downwards. Today, the price may reach 1.1515 and then form another consolidation range between 1.1560 and 1.1480. If later the pair breaks this range to the downside, the instrument may continue falling inside the downtrend with the target at 1.1414.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is also moving downwards and forming a downside continuation pattern around 1.2870. The instrument is expected to break the pattern to the downside and reach the target at 1.2727.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading upwards to break 0.9980. Later, the market may continue growing with the short-term target at 1.0066.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards. Possibly, the pair may reach 110.63 and then grow towards 110.94. After that, the instrument may resume falling inside the downtrend with the first target at 110.30.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is also moving downwards. Possibly, today the pair may reach 0.7306 and then start another correction towards 0.7370. Later, the market may resume falling inside the downtrend with the target at 0.7288.

USDRUB, “US Dollar vs Russian Ruble”

After a gap that took place during the trading session opening, USDRUB has completed another ascending wave. Today, the price may form the fifth descending structure to reach 50.50. The instrument is expected to form a new consolidation range with a reversal pattern near the current highs. The first target is at 63.40.

XAUUSD, “Gold vs US Dollar”

Gold is moving downwards. Possibly, today the pair may break 1209.00. The main downside target is at 1200.00.

BRENT

Brent is still consolidating close to the downside border of the Triangle pattern. If later the instrument breaks this range to the downside, the price may fall to reach 70.90; if to the upside – resume trading upwards with the target at 73.90.

 

[RoboForex]

Murrey Math Lines 09.08.2018 (USDCHF, GOLD)
09.08.2018
USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is trading above the 5/8 level and may continue growing to reach the resistance at the 8/8 one.

As we can see in the H1 chart, the pair may break the 2/8 level and then continue trading downwards to reach the support at the 0/8 one.

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD may test the support at the 5/8 level, rebound from it, and then resume growing towards the resistance at the 7/8 one.

As we can see in the H1 chart, the price is trading below the 3/8 level and may continue falling towards the support at the 0/8one.

 

[RoboForex]

Japanese Candlesticks Analysis 13.08.2018 (EURUSD, USDJPY)
13.08.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after breaking the support level once again, EURUSD has formed several Inverted Hammer and Engulfing reversal patterns. At the moment, it may be assumed that the instrument may try to confuse and mislead investors before starting a new growth.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has broken the support level and formed several Inverted Hammer and Harami reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete the correction and start a new rising tendency.