Technical Analysis by RoboForex

[RoboForex]

Ichimoku Cloud Analysis 13.08.2018 (AUDUSD, NZDUSD, USDCAD)
13.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7284; 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 0.7315 and then resume moving downwards to reach 0.7215. 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 0.7375. In this case, the pair may continue growing towards 0.7455.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6577; 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 0.6630 and then continue moving downwards to reach 0.6460. 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 0.6725. In this case, the pair may continue growing towards 0.6840.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3151; 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 1.3110 and then continue moving upwards to reach 1.3245. 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 1.3020. In this case, the pair may continue falling towards 1.2925.

 

[RoboForex]

Murrey Math Lines 13.08.2018 (EURUSD, GBPUSD)
13.08.2018
EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading below the 3/8 level. In this case, the price is expected to continue falling towards the support at the 0/8 one.

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.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is expected to test the support at the 0/8 level.

In the H1 chart, the price may test the resistance at the 2/8 level, rebound from it, and then resume 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 trading downwards.

 

[RoboForex]

Forex Technical Analysis & Forecast 13.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
13.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still moving downwards. Today, the price may reach 1.1348 and then form another consolidation range between 1.1431 and 1.1303. If later the pair breaks this range to the downside, the instrument may continue falling inside the downtrend with the target at 1.1240.

GBPUSD, “Great Britain Pound vs US Dollar”

In case of GBPUSD, the downtrend continues; right now, the price is consolidating around 1.2761. If later the instrument breaks this range to the downside, the pair may fall to reach 1.2637; if to the upside – start another correction with the target at 1.2815 and then resume falling towards 1.2637.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9945. Possibly, today the pair may break the range to the upside to reach 1.0000. Later, the market may be corrected to return to 0.9945 and then resume growing with the target at 1.0025.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards; it has broken 110.48 to the downside. Possibly, the pair may continue growing to reach 109.86 and then start another correction to return to 110.48. After that, the instrument may resume falling inside the downtrend with the short-term target at 108.85.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is also moving downwards. Possibly, today the pair may reach 0.7260 and then start another correction towards 0.7370. Later, the market may resume falling inside the downtrend with the target at 0.7230.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has formed the consolidation range and broken it to the upside. Possibly, the pair may grow towards 67.80 and then resume trading downwards to break 65.72. After that, the instrument may continue falling inside the downtrend with the target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating near the lows around 1209.00. Today, the price may fall towards 1202.00 and then return to 1209.00. Later, the market may continue trading downwards to reach 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 73.35 and then fall towards 70.30.

 

[RoboForex]

Ichimoku Cloud Analysis 14.08.2018 (AUDUSD, NZDUSD, USDCAD)
14.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7266; 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 0.7305 and then resume moving downwards to reach 0.7210. 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 0.7365. In this case, the pair may continue growing towards 0.7455.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6595; 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 0.6620 and then continue moving downwards to reach 0.6480. 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 0.6710. In this case, the pair may continue growing towards 0.6810.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3098; 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 1.3055 and then continue moving upwards to reach 1.3220. 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 1.3015. In this case, the pair may continue falling towards 1.2925.

 

[RoboForex]

Japanese Candlesticks Analysis 14.08.2018 (GOLD, NZDUSD)
14.08.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is testing another support level and forming Doji reversal patterns. Judging by the previous movements, it may be assumed that the price may complete the correction and then start a new descending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is still trading downwards; right now, it is being corrected and forming Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument is forming another correction before starting a new decline.

 

[RoboForex]

Forex Technical Analysis & Forecast 14.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
14.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD has formed another consolidation range near the lows. If later the instrument breaks this range to the downside, the price may continue falling to reach the target at 1.1303; if to the upside – start another correction towards 1.1505 and then resume falling inside the downtrend with the above-mentioned target.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has also formed another consolidation range. According to the main scenario, the instrument is expected to continue the downtrend. However, if the price breaks this range to the upside, the pair may start another correction with the target at 1.2815 and then resume falling towards 1.2650.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9945. Possibly, today the pair may break the range to the upside to reach 1.0000. Later, the market may be corrected to return to 0.9945 and then resume growing with the target at 1.0025.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has returned to 110.90. Today, the price may consolidate. If later the instrument breaks this range to the downside, the price may fall to reach 109.90 and then resume growing towards 110.45. After that, the instrument may continue trading inside the downtrend with the short-term target at 108.85.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating below 0.7300. Possibly, today the pair may continue falling inside the downtrend with the target at 0.7200. However, if the price breaks the range upwards, the instrument may start another correction towards 0.7310.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is forming a new descending impulse with the target at 67.18. Later, the market may grow towards 67.90, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may trade to reach 69.50 (an alternative scenario to extend the fourth wave due to sanctions pressure); if to the downside – resume trading downwards to break 65.70 and then continue falling inside the downtrend with the first target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold has almost reached the downside target. Today, the price may consolidate near the lows. If later the instrument breaks this range to the downside, the price may fall to reach 1189.00; if to the upside – start another correction with the target at 1212.00.

BRENT

Brent has expanded its consolidation range and reached the short-term target at 70.90; right now, it is growing to break 73.00. After that, the instrument may continue trading upwards to reach 75.00 and then start another decline to return to 73.00. According to the main scenario, the market is expected to continue growing. The short-term target is at 77.00.

 

[RoboForex]

Murrey Math Lines 14.08.2018 (AUDUSD, NZDUSD)
14.08.2018
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.

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 trading downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price may continue falling towards the support at the 3/8 level.

As we can see in the H1 chart, the pair has left the “oversold zone”. In this case, the instrument is expected to break the resistance at the 1/8 level and then continue trading upwards to reach the 3/8 one.

 

[RoboForex]

Fibonacci Retracements Analysis 15.08.2018 (GBPUSD, EURJPY)
15.08.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is still moving downwards to reach the retracements of 61.8% and 76.0% at 1.2580 and 1.2170 respectively. At the same time, the convergence is being formed, which may indicate a possible pullback in the future after the instrument reaches its short-term targets.

The H1 chart shows more detailed structure of the current short-term convergence. The targets of the correction that may follow are the retracements of 23.6%, 38.2% and 50.0% at 1.2814, 1.2891, and 1.2951 respectively.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY is forming a new descending impulse; it has already been corrected to the downside by 76.0% and is getting closer towards the short-term low at 124.62. if the price breaks the low, the downtrend may continue to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 121.80 and 120.10 respectively.

In the H1 chart, the pair is being corrected upwards after completing another descending impulse. By now, the correction has already reached the retracement of 38.2%. The next downside targets are the retracements of 50.0% and 61.8% at 127.29 and 127.66 respectively.

 

[RoboForex]

Ichimoku Cloud Analysis 15.08.2018 (AUDUSD, NZDUSD, USDCAD)
15.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7222; 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 0.7235 and then resume moving downwards to reach 0.7150. 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 0.7345. In this case, the pair may continue growing towards 0.7425.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6550; 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 0.6585 and then continue moving downwards to reach 0.6440. 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 0.6685. In this case, the pair may continue growing towards 0.6770.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3077; 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 1.3055 and then continue moving upwards to reach 1.3210. 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 1.3015. In this case, the pair may continue falling towards 1.2920.

 

[RoboForex]

Japanese Candlesticks Analysis 15.08.2018 (USDCAD, AUDUSD)
15.08.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has formed another correction with Hammer and Doji reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument is forming a new ascending tendency.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has completed its sideways movement and right now is testing the support level. By now, it has formed several Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument may fall for a while and try to confuse and mislead investors before starting a new growth.

 

[RoboForex]

Murrey Math Lines 15.08.2018 (USDJPY, USDCAD)
15.08.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is consolidating near the upside border of the range. In this case, the price is expected to rebound from the resistance at the 5/8 level and then continue falling to reach the support at the 3/8 one.

In the H1 chart, the price may break the 5/8 level and continue falling trading to the downside to reach the support at the 0/8one.

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 falling towards the support at the 0/8 one.

In the H1 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. If the price breaks the downside border of the range, it may continue falling towards the support at the 0/8 level.

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 15.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
15.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD has rebounded from 1.1432 and broken the downside border of the range; it has almost formed a downside continuation pattern. The target of the current descending wave is at 1.1238. Possibly, today the pair may fall to reach the target at 1.1300 and then test 1.1330 from below. Later, the market may resume falling inside the downtrend.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has rebounded from 1.2815 and broken the range downwards. Possibly, the pair may continue the downtrend towards 1.2600.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming another ascending impulse with the target at 0.9980. Later, the market may form a new consolidation range, break it to the upside, and then continue growing with the short-term target at 1.0060.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still moving upwards. Possibly, the pair may form another ascending structure to reach 111.66. After that, the instrument may resume trading inside the downtrend with the target at 110.50.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken 0.7275 and formed a downside continuation pattern. Today, the price may reach 0.7100.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still forming the first descending wave. Possibly, today the pair may fall to reach 65.74 and then grow towards 67.00. Later, the market may resume falling inside the downtrend with the target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold has broken 1192.00 and may continue falling inside the downtrend towards 1169.00. Today, the price may form a new descending structure to reach 1184.00 and then grow to return to 1192.00. After that, the instrument may resume trading downwards.

BRENT

Brent has completed the first ascending impulse along with the correction. Possibly, today the pair may form the second impulse towards the short-term target at 75.85. Later, the market may be corrected to reach 73.85.

 

[RoboForex]

Fibonacci Retracements Analysis 16.08.2018 (AUDUSD, USDCAD)
16.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after breaking the previous low, AUDUSD has reached the post-correctional extension area between the retracements of 138.2% and 161.8%. Right now, the pair is starting a new correction to the upside to reach 0.7310. However, in case the downtrend continues, the instrument may break 0.7202 and then fall towards the retracement 261.8% at 0.7027.

In the H1 chart, the convergence made the pair reverse and start a new correctional uptrend, which has already reached the retracement of 23.6%. The next upside target may be the retracements of 38.2% and 50.0% at 0.7297 and 0.7327 respectively.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the convergence made USDCAD reverse and start a new ascending correction, which has already reached the retracement of 50.0% and may continue towards the retracement of 61.8% at 1.3224.

In the H1 chart, the current rising impulse has tested the local high once again. In this case, the pair is expected to break it and then continue trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3216 and 1.3246 respectively.

 

[RoboForex]

Japanese Candlesticks Analysis 16.08.2018 (EURUSD, USDJPY)
16.08.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has formed several Inverted Hammer, Hammer, Doji, and Engulfing reversal patterns. At the moment, it may be assumed that the instrument may try start a new rising tendency.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading close to the support level and forming Inverted Hammer, 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 ascending tendency.

 

[RoboForex]

Japanese Candlesticks Analysis 16.08.2018 (EURUSD, USDJPY)
16.08.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has formed several Inverted Hammer, Hammer, Doji, and Engulfing reversal patterns. At the moment, it may be assumed that the instrument may try start a new rising tendency.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading close to the support level and forming Inverted Hammer, 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 ascending tendency.

 

[RoboForex]

Ichimoku Cloud Analysis 16.08.2018 (AUDUSD, NZDUSD, USDCAD)
16.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7266; 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 0.7300 and then resume moving downwards to reach 0.7140. 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 0.7345. In this case, the pair may continue growing towards 0.7425.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6584; 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 0.6590 and then continue moving downwards to reach 0.6450. 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 0.6685. In this case, the pair may continue growing towards 0.6770.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3121; 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 1.3095 and then continue moving upwards to reach 1.3240. 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 1.3050. In this case, the pair may continue falling towards 1.2960.

 

[RoboForex]

Forex Technical Analysis & Forecast 16.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
16.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD has reached 1.1300 and right now is being corrected upwards. Possibly, the pair may grow towards 1.1416 and then resume falling inside the downtrend with the target at 1.1238.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating. Possibly, today the pair may grow to reach 1.2765 and then continue the downtrend towards 1.2600.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming another descending structure with the target at 0.9907. Later, the market may grow towards 0.9988 and then start a new correction to reach 0.9945. After that, the instrument may resume growing towards 1.0060.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still being corrected. Today, the pair may form another ascending structure to reach 111.66. After that, the instrument may resume trading inside the downtrend towards 109.72. the short-term target is at 107.40.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has returned to 0.7273 to test it from below. Today, the price may continue falling inside the downtrend to reach 0.7178.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has completed the first descending wave; right now, it is being corrected with the target at 67.80. Later, the market may form the second impulse to break 65.95 and then continue falling inside the downtrend with the short-term target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold has reached the short-term target at 1160.00 and may consolidate near the lows. Possibly, today the pair may grow towards 1180.00 and then fall to reach 1169.00, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may continue the correction towards 1197.00; if to the downside – start another decline with the target at 1150.00.

BRENT

Brent has completed another descending structure. Today, the pair may grow towards 72.98 and then start a new correction to reach 71.56. Later, the market may resume trading upwards with the first target at 77.00.

 

[RoboForex]

Fibonacci Retracements Analysis 20.08.2018 (GOLD, USDCHF)
20.08.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the long-term convergence made XAUUSD reverse and start a new correction upwards. The possible targets may be the retracements of 23.6%, 38.2%, 50.0% and 61.8% at 1199.17, 1223.77, 1243.00, and 1262.80 respectively. However, another scenario implies that the price may yet break the previous low at 1160.13 and then continue falling towards the next significant support level at 1122.74.

In the H1 chart, the uptrend is moving towards the retracement of 23.6%.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the long-term correctional trend continues. After reaching the retracement of 23.6%, USDCHF has started a short-term correction upwards, which has already reached the retracement of 50.0% and may continue towards the ones of 61.8% and 76.0% at 0.9991 and 1.0020 respectively. If the price breaks the high at 1.0068, the instrument may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0144 and 1.0192 respectively.

In the H1 chart, the pair is trading between 0.9860 and 0.9991.

 

[RoboForex]

Ichimoku Cloud Analysis 20.08.2018 (AUDUSD, NZDUSD, USDCAD)
20.08.2018
AUDUSD is trading at 0.7300; 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 0.7310 and then resume moving downwards to reach 0.7195. 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 0.7340. In this case, the pair may continue growing towards 0.7425.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6614; 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 0.6620 and then continue moving downwards to reach 0.6495. 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 0.6665. In this case, the pair may continue growing towards 0.6770.

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 1.3055 and then continue moving upwards to reach 1.3165. 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 1.3025. In this case, the pair may continue falling towards 1.2960.

 

[RoboForex]

Japanese Candlesticks Analysis 20.08.2018 (USDCAD, AUDUSD)
20.08.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has formed another correction with Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument continues forming a new ascending tendency.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has rebounded from the support level once again and formed several Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument is forming a new ascending tendency.