Technical Analysis by RoboForex

[RoboForex]

Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, 25.09.2018
25.09.2018
AUD/USD

The AUD/USD is trading at 0.7264, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 0.7225, and then a rise to 0.7320, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary of the Ichimoku cloud and closes below 0.7175, which will be a signal for a further fall to 0.7085 and below.

NZD/USD

The NZD/USD is trading at 0.6642, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the signal lines at 0.6635, and then a rise to 0.6725, which will be confirmed with the price bouncing off the ascending trend line. This rise may be prevented in case price breaks out the lower boundary and closes below 0.6590, which will be a signal for a further fall to 0.6525.

USD/CAD

The USD/CAD is trading at 1.2959, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 1.2975, and then a downward pullback to 1.2840. which will be confirmed with the price bouncing off the lower boundary of the descending channel. This fall may be prevented in case price breaks out the upper boundary and closes above 1.3030, which will be a signal for a further rise to 1.3155 and above.

 

[RoboForex]

Murrey Level Analysis for AUD/USD and NZD/USD: 25.09.2018
25.09.2018
AUD/USD

On H4, the AUD/USD is trading below the consolidation range and may go down to the support at 2/8.

On M15, the lower VoltyChannel line has been broken out, which signals a likely price fall.

NZD/USD

On H4, the NZD/USD is trading below the consolidation range. 5/8 may get tested, after which the price is likely to bounce back and get up to the resistance at 8/8.

H1 charts show the same Murrey levels as H4, so the possible move to 0.6713 is confirmed.

In case VoltyChannel upper line is broken out on M15, the price will be likely to further rise.

 

[RoboForex]

Tech Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT; 25.09.2018
25.09.2018
EURUSD

The EUR/USD is trading within the first downward wave and may reach 1.1714 today. Then, it may go down to 1.1744, and fall back to $1.1673, which is going to be the first target.

GBPUSD

The GBP/USD is being under pressure and may reach 1.3025 today. Then, it may go down to 1.3165, and after that a downtrend may start, with the target at 1.2880.

USDCHF

The USD/CHF reached its target while rising. The consolidation range around 0.9631 has been broken out, and the rising wave is on again. Today, the pair may reach 0.9682, which is a local target. Then, it is likely to correct to 0.9631, and after that again is likely to rise to $0.9721, which is going to be the first target.

USDJPY

The USDJPY was unable to hit the rising channel. Today, the price may reach 113.00, which looks like the rising wave 3. Then, the pair may pull back to 111.64, and then give another rise to 113.42. Further uptrend continuation may only be considered as an alternative scenario.

AUDUSD

The AUD/USD was able to hit the third descending wave target. Today, it may rise to 0.7260, and then fall till 0.7218, which is going to be the first target.

USDRUB

The USDRUB was able to reach the first descending wave target. The pole pattern formed may now turn into a flag, with the correction target at 68.10.

GOLD

Gold is trading within a consolidation range near $1199.29. Today, it may correct upwards 1206.78, and then go down to reach 1190.23, i.e. a local target.

BRENT

Brent crude reached the local uptrend target and may now correct towards $80.00; once it gets broken out, it may go down further to reach $79.15, but then is likely to return to $82.20, which is a strategic target.

 

[RoboForex]

Fibo Analysis: GBP/USD and USD/JPY, 26.09.2018
26.09.2018
GBP/USD

On H4, the GBP/USD is pulling back inside the uptrend being formed. The trend came to 38.2% Fibo (1.3316), then the price diverged and start correcting in the short term against the rising impulse. When the correction is over, the price is likely to go up again to reach 50% Fibo (1.3518).

On H1, the GBP/USD is correcting, with the correction trend having achieved 38.20% Fibo, and it may continue to 50.00% (1.3043) and 76.00% (1.2909). However, if the high at 1.3298 gets broken out, the price may attack the post correctional extension at 138.20%-161.80%, or 1.3389-1.3447.

EUR/JPY

On H4, the EUR/JPY, after hitting the high, reached the post correctional extension between 138.20%-161.80% Fibo, or 132.00-132.73 yens. The local support is at 130.85, the long term one is at 127.86.

On H1, the EUR/JPY is forming a correctional downtrend. The price reached 38.20% Fibo, and may then go down to 50.00%, or 131.62, 61.80%, or 131.26, and 76.00%, or 130.85. The resistance is at the 133.13 high.

 

[RoboForex]

Fibo Analysis: GBP/USD and USD/JPY, 26.09.2018
26.09.2018
GBP/USD

On H4, the GBP/USD is pulling back inside the uptrend being formed. The trend came to 38.2% Fibo (1.3316), then the price diverged and start correcting in the short term against the rising impulse. When the correction is over, the price is likely to go up again to reach 50% Fibo (1.3518).

On H1, the GBP/USD is correcting, with the correction trend having achieved 38.20% Fibo, and it may continue to 50.00% (1.3043) and 76.00% (1.2909). However, if the high at 1.3298 gets broken out, the price may attack the post correctional extension at 138.20%-161.80%, or 1.3389-1.3447.

EUR/JPY

On H4, the EUR/JPY, after hitting the high, reached the post correctional extension between 138.20%-161.80% Fibo, or 132.00-132.73 yens. The local support is at 130.85, the long term one is at 127.86.

On H1, the EUR/JPY is forming a correctional downtrend. The price reached 38.20% Fibo, and may then go down to 50.00%, or 131.62, 61.80%, or 131.26, and 76.00%, or 130.85. The resistance is at the 133.13 high.

 

[RoboForex]

Tech Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT; 26.09.2018
26.09.2018
EURUSD

The EUR/USD is trading within a consolidation range near 1.1762. Today, it may go up to 1.1793, within the diamond pattern. Then, the pair is likely to leave this range and go down to reach the target at 1.1725. and then, once a breakout occurs, to go further to 1.1660, i.e. a local target.

GBPUSD

The GBP/USD has exited the 5-wave correction pattern and may now start falling to 1.3030, which is going to be the first target.

USDCHF

The USD/CHF is correcting; today, the pair may reach 0.9631 and test it from above. Then, a rise to 0.9682 is possible, i.e. a local target.

USDJPY

The USD/JPY has completed its rising pattern and may now start correcting, with the first target at 112.32.

AUDUSD

The AUDUSD got inside the first downward impulse, and then corrected. Today, the third downward wave may take the pair to 0.7200.

USDRUB

The USD/RUB has entered the consolidation range and is trading near its lows. Today, it may start going up. After breaking out at 65.95 the first correction phase may start, with the target at 66.60.

GOLD

Gold may probably rise to 1206.70, but then is likely to fall till 1190.20.

BRENT

Brent crude reached the strategic uptrend target and may now start consolidating near its highs. In case a breakout occurs, the price may start correcting to 80.25.

 

[RoboForex]

Murrey Level Analysis forUSD/JPY and USD/CAD: 26.09.2018
26.09.2018
USD/JPY

On H4, the USDJPY is in the overbought territory, but still may rise to the resistance at +2/8. Going short may only be valid once 8/8 gets broken out.

On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.

USD/CAD

On H4, the USD/CAD left the oversold territory, and may continue rising to the resistance at 3/8.

H1 charts show the same Murrey levels as H4, which confirms the possible rise.

On M15, the upper VoltyChannel line has been broken out, which signals a likely price rise.

 

[RoboForex]

Japanese Candlestick Analysis for USDCAD and AUDUSD: 26.09.2018
26.09.2018
USDCAD

On H4, the USDCAD is continuing to correct, where it is forming reversal patterns, such as doji, harami, and hammer. This looks like a pullback before the new wave of the ascending trend.

AUDUSD

On H4, the pair bounced off the support and continues rising. The price has approached the resistance and is now forming the Hanging Man and Doji patters. By analyzing the previous moves, one can assume the pair may break out and start forming a new uptrend.

 

[RoboForex]

Fibo Analysis: AUD/USD and USD/CAD, 27.09.2018
27.09.2018
AUD/USD

On H4, the ascending trend on AUDUSD has stopped for a while. The nearest uptrend targets are 23.6% (0.7333) and 38.2% (0.7487), with the low at 0.7085 being the current support.

On H1, the AUD/USD is forming a correctional downtrend after the divergence. The correction reached 38.2% Fibo and may reach 50.0% (0.7200), 61.8% (0.7173), and 76.0% (0.7140).

USD/CAD

On H4, the USDCAD is uptrending after pulling back to 38.2% Fibo. The rising impulse is pushing the price back to 23.6% Fibo (1.3117). The major target of this rise is however the high at $1.3386. The downtrend may yet continue, with the targets at 50.00% and 61.80% Fibo (1.2818 and 1.2683, respectively).

On H1, the USDCAD is uptrending towards 1.3117.

 

[RoboForex]

Japanese Candlestick Analysis for EURUSD and USDJPY: 27.09.2018
27.09.2018
EURUSD

On H4, the pair is rising and has reach yet another resistance where it is correcting and forming reversal back, such as the engulfing pattern and harami. These candlestick patterns signal a correction is going to happen before the uptrend continues.

USDJPY

On H4, the pair is rising and testing another resistance, at the same time forming reversal patterns, such as engulfing pattern, and falling star. At this stage, there is a correction forming. By analyzing the previous moves, one can assume USDJPY will succeed in rising again after the pullback.

 

[RoboForex]

Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, 27.09.2018
27.09.2018
AUD/USD

The AUD/USD is trading at 0.7227, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the upper cloud boundary at 0.7250, and then a downward pullback to 0.7130, which may be confirmed with the price bouncing off the resistance area. This may be prevented in case the price breaks out the upper boundary and closes above 0.7285, which will be a signal for a further rise to 0.7375 and above. Conversely, the fall may be confirmed once the bottom boundary gets broken out and the price closes below 0.7185.

NZD/USD

The NZD/USD is trading at 0.6636, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 0.6625, and then a rise to 0.6725, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary and closes below 0.6600, which will be a signal for a further fall to 0.6525. Conversely, the rise will be confirmed once the top boundary of the triangle pattern gets broken out and the price closes above 0.6695.

USD/CAD

The USD/CAD is trading at 1.3048, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of upper cloud boundary at 1.2985, and then another rise to 1.3180, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary and closes below 1.2905, which will be a further fall to 1.2825.

 

[RoboForex]

Murrey Level Analysis for USD/CHF and GOLD: 27.09.2018
27.09.2018
USD/CHF

On H4, USD/CHF is trading below the consolidation range. Now, once 2/8 gets broken out, the price may fall further to reach 1/8.

On H1, the price may bounce off 5/8, which, if this is the case, will push the pair lower to 2/8.

On M15, the VoltyChannel breakout may make the price go lower to reached 0.9582.

Gold

On H4, gold is trading near the upper consolidation boundary. Now, once 5/8 gets broken out, the price may fall further to reach 3/8.

On H1, the price is likely to go down to the first target at 8/8.

On M15, the lower VoltyChannel line has been broken out, which signals a likely price fall.

 

[RoboForex]

Tech Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT; 27.09.2018
27.09.2018
EURUSD

The EURUSD reached 1.1725 and corrected; today, it may head down towards 1.1725. The local target is at 1.1655. Then, it is likely to correct to 1.1725, and then the pair is likely to head down again, reaching 1.1630.

GBPUSD

The GBP/USD is consolidating around 1.3144, and may start going down today with the target at 1.3030.

USDCHF

The USD/CHF reached its local target while rising, and then corrected. Today, it may rise to 0.9722, and then correct to 0.9632.

USDJPY

The USDJPY has been downtrending and correcting. Today, it may go down again, to reach 112.32, and then correct to 112.60. Then, the pair is likely to head down again, reaching 112.14, which is going to be the first target.

AUDUSD

The AUDUSD is consolidating after going up. Today, it may correct upwards to 0.7279, and then fall till 0.7236. Then, in case a breakout occurs, it may go further to 0.7160, which is going to be the first target.

USDRUB

The USD/RUB has entered the consolidation range and is trading near its lows. Today, it may start going up. After breaking out at 65.97 the first correction phase may start, with the target at 66.60.

GOLD

Gold is trading within a consolidation range near $1200. Today, it may test it and then fall till 1188.65.

BRENT

Brent crude is still going up, probably to reach $83.10. Then, a pullback to $80.00 is possible. Any rising patterns may occur only in case the trend continues till $84.80.

 

[RoboForex]

Fibonacci Retracements Analysis 01.10.2018 (GOLD, USDCHF)
01.10.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is trying to stop its correctional sideways movement and resume falling. If the price breaks the short-term low at 1160.13, the pair may move downwards to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1139.40 and 1126.60 respectively. However, if the instrument breaks the high at 1214.28, the price may continue trading upwards to reach the retracements of 38.2% and 50.0% at 1238.40 and 1262.50 respectively.

In the H1 chart, the pair is forming a new descending impulse. The next target is the retracement of 76.0% at 1173.20.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the USDCHF completed the downtrend at the retracement of 61.8% at 0.9525 and then started a new uptrend, which has already reached the retracement of 50.0%. The next upside targets may be the retracements of 61.8% and 76.0% at 0.9867 and 0.9942 respectively. The support level is the low at 0.9542.

In the H1 chart, the pair is trading upwards to reach the retracement of 61.8% at 0.9867. At the same time, the divergence is being formed, which may indicate a new pullback after the instrument reaches its upside targets.

 

[RoboForex]

Japanese Candlesticks Analysis 01.10.2018 (USDCAD, AUDUSD)
01.10.2018
USDCAD, “US Dollar vs Canadian Dollar”

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

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is forming another correction from the resistance level with Doji and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete the correction, break the resistance level, and then continue the uptrend.

 

[RoboForex]

Forex Technical Analysis & Forecast 01.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
01.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still moving downwards. Possibly, the pair may reach 1.1540 and then start a new correction to test 1.1616 from below. Later, the market may resume falling with the target at 1.1494.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the target of the fifth descending wave; it has finished another consolidation range, broken it downwards, and may continue falling to reach 1.2808. Possibly, today the pair may form a new descending structure to reach 1.2960 and then start a new correction to test 1.3030 from below. After that, the instrument may resume trading inside the downtrend with the target at 1.2888.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is extending the current ascending wave. Today, the price may grow to reach 0.9841 and then start a new correction towards 0.9788. Later, the market may resume growing with the target at 0.9888.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is extending the third wave; it has broken the consolidation range upwards and completed the first structure. Possibly, the pair may fall to reach 113.63 and then resume growing with the target at 114.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the correctional target and right now is moving downwards. Possibly, the pair may continue trading inside the downtrend with the first target at 0.7157.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating near the lows. Possibly, today the pair may expand the range towards 65.00. If the instrument breaks this range to the upside, the price may be corrected to reach 67.00; if to the downside – resume falling with the target at 63.36.

XAUUSD, “Gold vs US Dollar”

Gold has returned to 1190.75 and right now is moving downwards. Possibly, the pair may form a new descending structure to reach 1170.20.

BRENT

Brent is consolidating above 83.10. If the instrument breaks this range to the upside, the price may grow to reach 84.50; if to the downside – continue trading to the downside with the target at 82.32.

 

[RoboForex]

Murrey Math Lines 01.10.2018 (EURUSD, GBPUSD)
01.10.2018
EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is expected to continue falling towards 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 downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has rebounded from the 5/8 level. In this case, the price is expected to break the 6/8level and then continue growing towards the resistance at the 8/8 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 upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

 

[RoboForex]

Ichimoku Cloud Analysis 01.10.2018 (AUDUSD, NZDUSD, USDCAD)
01.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7217; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7235 and then resume moving downwards to reach 0.7165. Another signal to confirm further descending movement is the price’s rebounding from the resistance area. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7285. In this case, the pair may continue growing towards 0.7375. After breaking the cloud’s downside border and fixing below 0.7170, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6614; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.6610 and then resume moving upwards to reach 0.6700. 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 0.6580. In this case, the pair may continue falling towards 0.6525. After breaking the cloud’s upside border and fixing above 0.6675, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2833; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 1.2930 and then continue moving downwards to reach 1.2730. 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 1.3030. In this case, the pair may continue growing towards 1.3110.

 

[RoboForex]

Fibonacci Retracements Analysis 02.10.2018 (EURUSD, USDJPY)
02.10.2018
EURUSD, “Euro vs US Dollar”

In the H4 chart, the divergence made EURUSD reverse and start a new impulse, which is moving to the downside steadily and has already reached the retracement of 50.0%. The next possible target may be the retracements of 61.8 and 76.0% at 1.1497 and 1.1424 respectively. The main downside target is this year’s low at 1.3000. The resistance level is the high at 1.1815.

As we can see in the H1 chart, the convergence is being formed, which may indicate a possible pullback after the price reached the retracement of 76.0% at 1.1424.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has broken the previous long-term high. The next upside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 114.48 and 115.27 respectively. In the nearest future, the instrument may return to 113.18. The main support level is at 111.08.

In the H1 chart, the pair is trading upwards. However, the price may yet start a new pullback. In this case, the possible targets will be the retracements of 23.6%, 38.2%, and 50.0% at 113.18, 112.65, and 112.22 respectively. The resistance level is the high at 114.06.

 

[RoboForex]

Japanese Candlesticks Analysis 02.10.2018 (EURUSD, USDJPY)
02.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, EURUSD continues falling; right now, it is testing another support level and forming Engulfing and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns indicate another correction before the instrument continues falling.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is being corrected again; it is testing another resistance level and forming Engulfing and Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback, the instrument may continue its ascending tendency.