Technical Analysis by RoboForex

[RoboForex]

Murrey Math Lines 21.08.2018 (AUDUSD, NZDUSD)
21.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is expected to test the 5/8 level.

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 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 may break the 3/8 and then continue growing towards the resistance at the 5/8 level.

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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

 

[RoboForex]

Forex Technical Analysis & Forecast 20.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
20.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still being corrected. Today, the price may grow to reach 1.1466 and then fall towards 1.1390, thus forming another consolidation range. If later the instrument breaks this range to the downside, the price may continue falling to reach the target at 1.1185; if to the upside – continue the correction towards 1.1566.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving upwards. Possibly, the pair may be corrected to reach 1.2774 and then fall towards 1.2716, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may trade to reach 1.2900 (an alternative scenario); if to the downside – continue falling inside the downtrend with the target at 1.2600.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still falling; it has already reached its closest downside target and right now is forming the fourth structure. Possibly, today the pair may extend this structure towards 0.9907. Later, the market may start another growth to reach 0.9988 and then fall towards 0.9942, thus forming another consolidation range. After that, the instrument may break the range to the upside and continue growing with the target at 1.0066.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating. Today, the price may fall towards 110.22 and then grow to reach 110.88. An alternative scenario implies that the pair may extend this structure towards 111.66 and then resume trading downwards. The target is at 109.90. And that’s just a half of this descending wave. The short-term target of the third wave is at 107.40.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still being corrected. Possibly, the pair may reach 0.7333 and then fall towards 0.7270, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may continue the correction to reach 0.7440 (an alternative scenario); if to the downside – resume falling inside the downtrend with the target at 0.7188.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is forming a new ascending structure with the target at 67.77, thus forming another consolidation range at the top. If later the instrument breaks this range to the downside, the price may start forming the third descending wave with the target at 64.09.

XAUUSD, “Gold vs US Dollar”

Gold has broken the descending channel and the top of the first ascending impulse, and may start another correction towards 1212.00. Today, the price may reach 1204.00 and then fall towards 1186.00. After that, the instrument may resume growing with the first target at 1212.00.

BRENT

Brent is moving upwards. Possibly, today the pair may reach 72.65 and then fall towards 71.40, thus forming another consolidation range. According to the main scenario, the market is expected to break the range to the upside and then continue growing with the short-term target at 75.50.

 

[RoboForex]

Fibonacci Retracements Analysis 21.08.2018 (EURUSD, USDJPY)
21.08.2018
EURUSD, “Euro vs US Dollar”

In the H4 chart, EURUSD is forming a new correction to the upside towards the retracement of 23.6% at 1.1580. The next upside target may be the retracement of 38.2% at 1.1750. The support level is the low at 1.1300.

As we can see in the H1 chart, the pair has been corrected upwards by 50.0%. In the nearest future, the instrument may continue falling towards the retracements of 23.6%, 38.2%, and 50.0% at 1.1485, 1.1450, and 1.1421 respectively.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the divergence made USDJPY reverse and start a new correctional downtrend, which has already reached the retracement of 38.2% and may continue towards the retracements of 50.0% and 61.8% at 108.90 and 107.89 respectively. The resistance level is the high at 113.17. At the same time, one can see the convergence being formed, which may indicate a possible pullback in the future.

In the H1 chart, the convergence is being formed, which may indicate a new pullback towards the retracements of 23.6%, 38.2%, and 50.0% at 110.33, 110.69, and 110.97 respectively.

 

[RoboForex]

Forex Technical Analysis & Forecast 21.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
21.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD has rebounded from 1.1400 upwards, broken the upside border of the range, and may start another correction towards 1.1525. Possibly, the pair may extend this structure up to 1.1575. Later, the market may fall to reach 1.1407 and then grow towards 1.1475, thus forming a new consolidation range. If later the instrument breaks this range to the downside, the price may resume falling inside the downtrend with the target at 1.1300; if to the upside – continue the correction towards 1.1640.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving upwards. Possibly, the pair may be corrected to reach 1.2875 and then fall towards 1.2780. Later, the market may resume growing with the first target at 1.2916 and then fall towards 1.2750, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may continue the correction to reach 1.3100 (an alternative scenario); if to the downside – resume falling inside the downtrend with the target at 1.2600.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken the range downwards and may continue the correction. Possibly, today the pair may grow towards 0.9915. After that, the instrument may start another decline to reach 0.9866. The main target of the correction is at 0.9844. Later, the market may continue growing with the target at 0.9950.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached the target of the descending wave. Today, the price may consolidate near the lows. If later the instrument breaks this range to the upside, the price may start another correction towards 110.97.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken the range upwards and may start a new correction to reach the target at 0.7395. Possibly, today the pair may fall towards 0.7320 and then grow to reach the above-mentioned target. After that, the instrument may resume falling inside the downtrend with the target at 0.7282.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 67.07. If later the instrument breaks this range to the upside, the price may reach 67.77; if to the downside – trade to break 65.90 and then start forming the third descending wave with the target at 64.04.

XAUUSD, “Gold vs US Dollar”

Gold is forming the third ascending wave with the short-term target at 1203.00. Later, the market may start another decline towards 1186.00. After that, the instrument may resume growing with the first target at 1212.00.

BRENT

Brent has reached the target of the ascending wave and may start a new correction towards 71.40, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may resume growing with the short-term target at 75.50; if to the downside – continue the correction towards 69.50.

 

[RoboForex]

Japanese Candlesticks Analysis 21.08.2018 (EURUSD, USDJPY)
21.08.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD continues growing and forming Inverted Hammer, Hammer, Doji, and Engulfing reversal patterns during pullbacks. At the moment, it may be assumed that these patterns indicate a new rising tendency.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is testing the support level and forming Inverted Hammer, Hammer, and Engulfing 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]

Murrey Math Lines 21.08.2018 (AUDUSD, NZDUSD)
21.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is expected to test the 5/8 level.

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 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 may break the 3/8 and then continue growing towards the resistance at the 5/8 level.

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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

 

[RoboForex]

Ichimoku Cloud Analysis 21.08.2018 (AUDUSD, NZDUSD, USDCAD)
21.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7354; 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 0.7315 and then resume moving upwards to reach 0.7435. 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 0.7240. In this case, the pair may continue falling towards 0.7155.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6668; 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 0.6660 and then continue moving upwards to reach 0.6745. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6570. In this case, the pair may continue falling towards 0.6500. After breaking the resistance area and fixing above 0.6720, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3030; 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 1.3065 and then continue moving downwards to reach 1.2950. 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 1.3120. In this case, the pair may continue growing towards 1.3190. After breaking the downside border of the rising channel and fixing below 1.3000, the price may continue moving downwards.

 

[RoboForex]

Fibonacci Retracements Analysis 22.08.2018 (GBPUSD, EURJPY)
22.08.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the convergence made GBPUSD reverse and start a new uptrend, which is heading towards the retracement of 23.6% at 1.3065. The next upside target may be the retracement of 38.2% at 1.3316. The support level is the low at 1.2661.

In the H1 chart, the pair slowed down its growth a little bit and may be corrected to the downside to reach the retracements of 23.6%, 38.2% and 50.0% at 1.2868, 1.2834, and 1.2807 respectively. The short-term resistance level is the high at 1.2924.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the convergence made EURJPY start a new ascending correction, which has already reached the retracement of 50.0% and may continue towards the ones of 61.8% and 76.0% at 128.77 and 129.65 respectively. The support level is the low at 124.90.

In the H1 chart, the pair completed the ascending impulse and right now is being corrected downwards. By now, the correction has already reached the retracement of 23.6%. The next downside targets are the retracements of 38.2% and 50.0% at 127.11 and 126.82 respectively.

 

[RoboForex]

Japanese Candlesticks Analysis 27.08.2018 (GOLD, NZDUSD)
27.08.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has reached the resistance level and right now is forming Hammer and Harami reversal patterns there. Judging by the previous movements, it may be assumed that the price may complete the pullback and then start a new ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

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

 

[RoboForex]

Murrey Math Lines 27.08.2018 (EURUSD, GBPUSD)
27.08.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading above the 5/8 level. In this case, the price is expected to continue growing towards the 8/8 one.

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

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

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is expected to continue growing towards the 3/8 level.

As we can see in the H1 chart, the price is trading close to the 5/8 level. In this case, the price may break the 6/8 level and then continue growing to reach the resistance at the 8/8 one.

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

 

[RoboForex]

Murrey Math Lines 27.08.2018 (EURUSD, GBPUSD)
27.08.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading above the 5/8 level. In this case, the price is expected to continue growing towards the 8/8 one.

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

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

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is expected to continue growing towards the 3/8 level.

As we can see in the H1 chart, the price is trading close to the 5/8 level. In this case, the price may break the 6/8 level and then continue growing to reach the resistance at the 8/8 one.

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

 

[RoboForex]

Ichimoku Cloud Analysis 27.08.2018 (AUDUSD, NZDUSD, USDCAD)
27.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7321; 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 0.7325 and then resume moving downwards to reach 0.7250. 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 0.7355. In this case, the pair may continue growing towards 0.7445. After breaking the downside border of the Triangle pattern and fixing below 0.7220, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6686; 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 0.6640 and then continue moving upwards to reach 0.6765. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the Triangle pattern. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6610. In this case, the pair may continue falling towards 0.6560. After breaking the upside border of the Triangle pattern and fixing above 0.6710, the price may continue moving upwards

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3016; 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 1.3045 and then continue moving downwards to reach 1.2930. 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 1.3080. In this case, the pair may continue growing towards 1.3170.

 

[RoboForex]

Forex Technical Analysis & Forecast 27.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
27.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating. Although the pair is trying to expand the range upwards, it may grow up to 1.1666, but not higher. After that, the instrument may start forming the first descending impulse with the target at 1.1444.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has formed a new consolidation range around 1.2854. If later the instrument breaks this range to the upside, the price may grow to reach 1.2950; if to the downside – resume falling with the target at 1.2772.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving upwards. Possibly, the pair may reach 0.9900 and then fall towards 0.9866. Later, the market may resume growing with the short-term target at 0.9955.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards; it has reached the first target of the correction. Today, the price may form another ascending structure towards 111.33 and then resume falling with the target at 110.60. The main target of the correction is at 110.48. After that, the instrument may continue growing to reach 111.66.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is growing towards 0.7373. Later, the market may fall to reach 0.7282, thus forming another consolidation range in the form of the Triangle pattern. If later the instrument breaks this range to the downside, the price may resume falling to reach 0.7200.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has broken the low of the first descending impulse and may continue falling to reach the first target at 65.75. Possibly, today the pair may fall with the short-term target at 66.41. Later, the market may grow to reach 67.35 and then continue falling towards the first target.

XAUUSD, “Gold vs US Dollar”

Gold is moving upwards and forming the fifth structure of the ascending wave. Possibly, the pair may consolidate at the top. If the instrument breaks this range to the upside, the price may resume growing to reach 1212.00; if to the downside – start another correction towards 1200.00. Later, the market may grow to reach 1212.00 and then continue the correction with the target at 1186.00.

BRENT

Brent is still forming the first ascending wave. Possibly, the pair may reach 77.00 without any corrections. After that, the instrument may resume falling towards 73.80 and then start another growth with the short-term target at 80.00.

 

[RoboForex]

Murrey Math Lines 28.08.2018 (AUDUSD, NZDUSD)
28.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to rebound from the 4/8 level and resume growing towards the resistance at the 568 one.

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

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD may break the 3/8 and then 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.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards to reach 0.6591.

 

[RoboForex]

Fibonacci Retracements Analysis 28.08.2018 (EURUSD, USDJPY)
28.08.2018
EURUSD, “Euro vs US Dollar”

In the H4 chart, EURUSD is still being corrected to the upside towards the retracement of 38.2% at 1.1750. The next upside target may be the retracement of 50.0% at 1.1888. The support level is the low at 1.1300.

As we can see in the H1 chart, the divergence is being formed, which may indicate a new pullback after the price reaches the target at 1.1750. The targets of this pullback maybe the retracements of 23.6%, 38.2%, and 50.0% at 1.1644, 1.1578, and 1.1526 respectively.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the convergence made USDJPY reverse and start a new correctional uptrend, which has already reached the retracement of 50.0% and may continue towards the retracements of 61.8% and 76.0% at 111.87 and 112.35 respectively. However, if the price breaks the low at 109.77, the mid-term correction may continue towards the retracement of 50.0% at 108.90.

In the H1 chart, after finishing the ascending impulse, the pair started a new correction to the downside, which has already reached the retracement of 38.2%. The next targets may be the retracements of 50.0% and 61.8% at 110.75 and 110.57 respectively.

 

[RoboForex]

Ichimoku Cloud Analysis 28.08.2018 (AUDUSD, NZDUSD, USDCAD)
28.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7325; 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 0.7320 and then resume moving upwards to reach 0.7420. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7270. In this case, the pair may continue falling towards 0.7220. After breaking the upside border of the Triangle pattern and fixing above 0.7370, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6678; 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 0.6670 and then continue moving upwards to reach 0.6785. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the Triangle pattern. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6615. In this case, the pair may continue falling towards 0.6560. After breaking the upside border of the Triangle pattern and fixing above 0.6725, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2976; 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 1.3015 and then continue moving downwards to reach 1.2895. 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 1.3080. In this case, the pair may continue growing towards 1.3170.

 

[RoboForex]

Japanese Candlesticks Analysis 28.08.2018 (USDCAD, AUDUSD)
28.08.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has formed another correction towards the support level with Engulfing, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument is being corrected before starting a new ascending tendency.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has rebounded from the resistance level once again and formed several Doji, Engulfing, and Harami reversal patterns. Judging by the previous movements, it may be assumed that the instrument is being corrected before forming a new uptrend.

 

[RoboForex]

Forex Technical Analysis & Forecast 28.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
28.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating at the top of the ascending structure. Possibly, today the pair may break the range downwards and continue falling to reach 1.1592. After that, the instrument may form another ascending structure with the target at 1.1644.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Possibly, the pair may reach 1.2722 and then grow towards 1.2855. Later, the market may resume falling with the target at 1.2600.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving upwards to reach 0.9825. Possibly, the pair may break it and continue growing with the first target at 0.9944.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has returned to 111.28 and completed three-wave ascending structure. Today, the price may form a new ascending structure towards 111.33, thus forming another consolidation range. If the instrument breaks this range to the downside, the price may resume falling to reach 110.70; if to the upside – continue growing with the target at 111.66.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving downwards. Possibly, the pair may fall to reach 0.7305 and then grow towards 0.7373. After that, the instrument may start another decline with the target at 0.7283.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has broken 67.35 and may form the third descending structure with the target at 66.60. Later, the market may test 67.35 from below and then resume falling towards 65.75.

XAUUSD, “Gold vs US Dollar”

Gold has completed another structure and right now is consolidating at the top. Possibly, today the pair may fall to break 1199.30 and then continue trading to the downside with the target at 1186.22.

BRENT

Brent is consolidating at the top of the wave. If the instrument breaks this range to the downside, the price may start another correction to reach 73.85; if to the upside – resume growing towards the first target at 77.10.

 

[RoboForex]

Fibonacci Retracements Analysis 29.08.2018 (GBPUSD, EURJPY)
29.08.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the convergence made GBPUSD slow down its growth. The target of the long-term correctional uptrend is the retracement of 23.6% at 1.3067. However, if one considers the short-term ascending movement as a correction of the previous descending impulse, it can be seen that the correction has already reached the retracement of 50.0% and may yet continue. The next possible targets may be the retracements of 61.8% and 76.0% at 1.2977 and 1.3048 respectively. The support level is the low at 1.2661.

In the H1 chart, the descending correction continues. It has already reached the retracement of 50.0. The next downside targets may be the retracements of 61.8% and 76.0% at 1.2784 and 1.2749 respectively. The short-term resistance level is the high at 1.2936.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the convergence made EURJPY reverse and form a new rising impulse, which considered as another long-term correctional wave. After breaking the high at 131.98, the instrument may continue the correction. The targets of this correction may be retracements of 61.8% and 76.0% at 132.58 and 134.42 respectively. The support level is the low at 124.62.

In the H1 chart, the pair is trading upwards. At the same, the divergence is being formed, which may indicate a possible correctional downtrend. The targets of this descending movement may be the retracements of 23.6%, 38.2%, 50.0%, and 61.8% at 129.16, 128.50, 127.93, and 127.38 respectively.

 

[RoboForex]

Murrey Math Lines 29.08.2018 (USDJPY, USDCAD)
29.08.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to break the 5/8 level and continue growing towards the resistance at the 8/8 one.

In the H1 chart, the price may rebound from the 5/8 level and resume trading upwards to reach the resistance at the 8/8 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 may test the 3/8 level, rebound from it, and then resume growing towards the resistance at the 5/8one.

As we can see in the H1 chart, EURUSD is trading inside the “oversold zone” below the 0/8 level. If the price breaks the resistance at the 0/8 level, the instrument may continue growing towards the 5/8 level.

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