Technical Analysis by RoboForex

[RoboForex]

Forex Technical Analysis & Forecast 02.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
02.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1600. Possibly, today the pair may fall to reach 1.1555 and then start a new growth to test 1.1600 from below. Later, the market may resume falling with the short-term target at 1.1493.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating around 1.3040. Today, the pair may form a new descending structure to reach 1.2950 and then start a new growth towards 1.3030. After that, the instrument may resume trading inside the downtrend with the short-term target at 1.2865.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has formed another consolidation range around 0.9788. Today, the price may fall to test 0.9788 from above. If later the market breaks this range to the upside, the instrument may resume growing with the target at 0.9915.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving upwards. Possibly, today the pair may grow towards 114.33 and then fall to reach 113.50. Later, the market may start a new consolidation range near the highs.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating below 0.7234. According to the main scenario, 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 around 65.60. Possibly, today the pair may fall to reach 65.15 and then start another growth to return to 65.60. After that, the instrument may resume falling with the target at 64.50.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1187.15. Possibly, the pair may form a new descending structure to reach 1182.10, break it, and then continue falling towards the short-term target at 1170.20.

BRENT

Brent has broken the consolidation range upwards extended the structure. Today, the pair may form a new consolidation range near the highs and test 84.54 from above. If the instrument breaks this range to the upside, the price may grow to reach 87.60 and then start another correction to return to 84.54.

 

[RoboForex]

Ichimoku Cloud Analysis 02.10.2018 (AUDUSD, NZDUSD, USDCAD)
02.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7196; 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 0.7215 and then resume moving downwards to reach 0.7125. 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 0.7265. In this case, the pair may continue growing towards 0.7365. After breaking the channel’s downside border and fixing below 0.7160, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6590; 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 0.6610 and then resume moving downwards to reach 0.6505. 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 0.6650. In this case, the pair may continue growing towards 0.6735.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2822; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2905 and then continue moving downwards to reach 1.2675. 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 1.3020. In this case, the pair may continue growing towards 1.3110.

 

[RoboForex]

Murrey Math Lines 02.10.2018 (AUDUSD, NZDUSD)
02.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is trading below the 3/8 level and may continue falling towards the 1/8 one.

In the H1 chart, the instrument may break the 0/8 level and then continue trading upwards to reach the resistance at the 3/8 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.

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to resume falling towards the 3/8 level.

In the H1 chart, the instrument may break the 0/8 level and then continue trading upwards to reach the resistance at the 3/8 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 resume moving downwards.

 

[RoboForex]

Fibonacci Retracements Analysis 03.10.2018 (GBPUSD, EURJPY)
03.10.2018
GBPUSD, “Great Britain Pound vs US Dollar”

The H4 chart shows the downtrend; the correction has already reached the retracement of 61.8% and may continue towards the retracement of 76.0% at 1.2908. The key support level is at 1.2785. If the price breaks the resistance level at 1.3295, GBPUSD may start a new mid-term uptrend. In this case, the possible targets will be the retracements of 38.2% and 50.0% at 1.3316 and 1.3518 respectively.

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 targets may be the retracements of 38.2%, 50.0%, 61.8%, and 76.0% at 1.3047, 1.3978, 1.3112, and 1.3151 respectively. The support level is the low at 1.2941.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the divergence made EURJPY start a new correctional downtrend, which has already reached the retracement of 23.6%. The next possible targets are the retracements of 38.2%, 50.0%, and 61.8% at 129.99, 129.01, and 128.04 respectively. However, in case the pair breaks the high at 133.13, the instrument may start a new impulse to the upside.

In the H1 chart, the convergence made the pair reverse and start a new rising impulse, which has already reached the retracement of 50.0%. In case the uptrend continues and breaks the high at 133.13, the instrument may grow to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 134.05 and 134.62 respectively. The support level is at 130.71.

Back to list

 

[RoboForex]

Forex Technical Analysis & Forecast 03.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
03.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD has finished another ascending structure. Possibly, today the pair may fall to reach 1.1548 and form a new consolidation range. If the instrument breaks this range to the downside, the price may resume falling towards 1.1483; if to the upside – continue the correction to reach 1.1650.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed another descending structure and right now is being corrected. Today, the pair may test 1.3011 from below and then resume trading inside the downtrend with the target at 1.2907.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating. If the instrument breaks this range to the upside, the price may resume growing to reach 0.9930; if to the downside – start a new correction towards 0.9790 and then resume trading upwards.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the descending impulse along with the correction. Possibly, today the pair may fall towards 113.42, break it, and then continue trading inside the downtrend with the short-term target at 112.98.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming the fifth descending structure to reach 0.7155. Later, the market may start another correction towards 0.7234.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has formed another consolidation range; right now, it is trading to rebound from the center to the downside. Possibly, today the pair may reach 64.50. If the price breaks the upside border, the instrument may be corrected with the target at 66.15.

XAUUSD, “Gold vs US Dollar”

Gold has completed the fourth structure. Possibly, the pair may form a new consolidation range near the highs. After that, the instrument may break it downwards and start a new descending wave with the first target at 1194.00.

BRENT

Brent is consolidating close to the highs. Today, the pair may expand the range towards 85.90 and then fall to reach 84.54. If the instrument breaks this range to the upside, the price may grow to reach 87.60; if to the downside – start another decline with the target at 83.20.

 

[RoboForex]

Murrey Math Lines 03.10.2018 (USDJPY, USDCAD)
03.10.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading inside the “overbought zone”. In this case, it is expected to resume falling to reach the 8/8 level.

In the H1 chart, the price may break the 3/8 level and then 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.

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD is trading below the 3/8 level. In this case, the price is expected to fall towards the support at the 0/8 level.

As we can see in the H1 chart, the price is trading at the 0/8 level. If the pair rebounds from this level, the instrument may start a new correction to the upside to reach the resistance at the 3/8 one, which may later be followed by another decline.

 

[RoboForex]

Ichimoku Cloud Analysis 03.10.2018 (AUDUSD, NZDUSD, USDCAD)
03.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7177; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7205 and then resume moving downwards to reach 0.7085. 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 0.7265. In this case, the pair may continue growing towards 0.7365. After breaking the channel’s downside border and fixing below 0.7150, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6578; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6605 and then resume moving downwards to reach 0.6510. 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 0.6650. In this case, the pair may continue growing towards 0.6735.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2818; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2885 and then continue moving downwards to reach 1.2705. 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 1.2955. In this case, the pair may continue growing towards 1.3075.

 

[RoboForex]

Japanese Candlesticks Analysis 03.10.2018 (GOLD, NZDUSD)
03.10.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has reached the resistance level and formed several Shooting Star reversal patterns there. Judging by the previous movements, it may be assumed that the price may form another the pullback from the resistance level and then continue its ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is still being corrected and forming Harami, Hammer, and Inverted Hammer reversal patterns. Right now, the price is testing the support level. Judging by the previous movements, it may be assumed that the instrument may complete the pullback and then start a new growth.

 

[RoboForex]

Fibonacci Retracements Analysis 04.10.2018 (AUDUSD, USDCAD)
04.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is forming another descending impulse inside the long-term downtrend; it has already broken the previous high. The possible targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 0.6998 and 0.6944 respectively. The key resistance level is t 0.7315.

As we can see in the H1 chart, the pair is trading downwards to reach the post-correctional extension area.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the downtrend has already reached the retracement of 50.5%. The next downside target is the retracement of 61.8% at 1.2683. At the same time, the convergence is being formed, which may indicate that after reaching its downside targets USDCAD may reverse and start a new pullback towards the retracements of 23.6%, 38.2%, and 50.0% at 1.2812, 1.2891, and 1.2955 respectively.

In the H1 chart, the correctional uptrend is heading towards the retracement of 50.0% at 1.2897.

 

[RoboForex]

Japanese Candlesticks Analysis 04.10.2018 (USDCAD, AUDUSD)
04.10.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still being corrected and forming Doji, Inverted Hammer, and Hammer reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument may complete this pullback and then start a new ascending movement.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still falling and forming Hammer reversal patterns. Right now, the pair may start another correction. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving inside the downtrend.

 

[RoboForex]

Ichimoku Cloud Analysis 04.10.2018 (AUDUSD, NZDUSD, USDCAD)
04.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7084; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7125 and then resume moving downwards to reach 0.7025. 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 0.7180. In this case, the pair may continue growing towards 0.7255.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6494; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6515 and then resume moving downwards to reach 0.6445. 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 0.6590. In this case, the pair may continue growing towards 0.6685.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2879; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2905 and then continue moving downwards to reach 1.2735. 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 1.2960. In this case, the pair may continue growing towards 1.3045.

 

[RoboForex]

Forex Technical Analysis & Forecast 04.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
04.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD has finished the fifth structure of the descending wave; right now, it is consolidating. If the instrument breaks this range to the downside, the price may resume trading inside the downtrend towards 1.1385; if to the upside – start a new correction to reach 1.1540.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still falling with the short-term target at 1.2907. Today, the pair may reach it and then start another growth towards 1.3011. Later, the market may resume trading inside the downtrend with the target at 1.2763.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still moving upwards with the short-term target at 0.9930. After that, the instrument may be corrected towards 0.9767 and then start a new ascending wave to reach 0.9990.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken the consolidating range and reached the main upside target. Possibly, today the pair may form a new consolidation range near the highs. If the instrument breaks 114.20 to the downside, the price may start another decline with the first target at 113.98.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the target of the descending wave. Possibly, the pair may continue trading inside the downtrend without any significant corrections. The target is at 0.7000. Today, the pair may be corrected a bit to reach 0.7150 and then resume falling towards the above-mentioned target.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading near the upside border of the range and trying to break 65.60. Possibly, the pair may be corrected with the first target at 66.06. However, if the price breaks 65.00 to the downside, the instrument may resume trading inside the downtrend towards 64.50.

XAUUSD, “Gold vs US Dollar”

Gold is moving downwards with the target at 1194.00. After that, the instrument may grow to reach 1201.00 and then start a new descending wave towards the short-term target at 1187.00.

BRENT

Brent has broken its consolidation range to the upside and reached 87.00. Today, the pair may test 86.87 from above and then start another growth with the target at 87.60.

 

[RoboForex]

Murrey Math Lines 04.10.2018 (USDCHF, GOLD)
04.10.2018
USDCHF, “US Dollar vs Swiss Franc”

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

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.

XAUUSD, “Gold vs US Dollar”

In the H4 chart, the pair is expected to test the 5/8 level, rebound from it, and then resume trading upwards to reach the resistance at the 7/8 one.

In the H1 chart, XAUUSD may break the 2/8 level and then continue its decline towards the support at the 0/8 one.

 

[RoboForex]

Fibonacci Retracements Analysis 08.10.2018 (GOLD, USDCHF)
08.10.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after being corrected downwards by 61.8%, XAUUSD has formed a new rising impulse. In case the descending impulse continues, the target will be the retracement of 76.0% at 1173.00. However, if the pair breaks the high at 1214.28, the instrument may move upwards to reach the retracement of 38.2% at 1238.40.

In the H1 chart, the pair is forming a short-term descending correction, which is heading towards the retracement of 61.8% at 1193.60. The main resistance level is the high at 1208.22.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the uptrend has reached the retracement of 76.0%. At the same time, one can see the divergence being formed, which may indicate a possible pullback. After that, the instrument may break the high at 0.9955 and then continue trading upwards to reach the resistance level at 1.0068.

In the H1 chart, the divergence made USDCHF start a new decline. The possible targets ate the retracements of 23.6%, 38.2% and 50.0% at 0.9858, 0.9798, and 0.9748 respectively.

 

[RoboForex]

Forex Technical Analysis & Forecast 08.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
08.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD has finished the ascending impulse and right now is consolidating around 1.1516. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend towards 1.1447; if to the upside – continue the correction to reach 1.1567.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken the consolidation range upwards and right now is still being corrected. The target is at 1.3138. Later, the market may fall to reach 1.3030, thus forming a new consolidation range. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend towards 1.2855; if to the upside – continue the correction to reach 1.3167.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving downwards. Possibly, today the pair may fall to reach 0.9860 and then return to 0.9910, thus forming a new consolidation range. If the instrument breaks this range to the downside, the price may start another decline towards 0.9767 and then move upwards with the target at 0.9990.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the first descending wave; right now, it is trading upwards with the target at 114.05 and forming a new descending structure. If the instrument breaks 114.20 to the downside, the price may start another decline towards 112.42; if to the upside - resume trading inside the uptrend to reach 115.05.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating near the lows. Today, the pair may fall to reach 0.7031 and then grow towards 0.7093, thus forming a new consolidation range. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 0.7000; if to the upside – continue trading upwards to reach 0.7154.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 66.50. Possibly, today the pair may fall towards 66.01 and then grow to reach 67.15. Later, the market may resume falling with the target at 66.60. If later the instrument breaks this range to the upside, the price may resume growing towards 68.10; if to the downside – continue trading inside the downtrend with the target at 65.35.

XAUUSD, “Gold vs US Dollar”

Gold is moving downwards with the target at 1194.00. After that, the instrument may grow to reach 1202.00 and then start a new descending wave towards the short-term target at 1187.00.

BRENT

Brent has completed the first descending impulse. Today, the pair may grow towards 85.55 and then fall with the short-term target at 82.92.

 

[RoboForex]

Japanese Candlesticks Analysis 08.10.2018 (GOLD, NZDUSD)
08.10.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has finished the correction from the resistance level and formed several Hammer reversal patterns. Judging by the previous movements, it may be assumed that the price may complete the pullback and then continue its ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is still falling and forming Engulfing, Doji, and Hammer reversal patterns. Right now, the price is testing another support level. Judging by the previous movements, it may be assumed that the instrument may complete the pullback and then start a new growth.

 

[RoboForex]

Ichimoku Cloud Analysis 08.10.2018 (AUDUSD, NZDUSD, USDCAD)
08.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7060; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7080 and then resume moving downwards to reach 0.6955. 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 0.7185. In this case, the pair may continue growing towards 0.7245.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6442; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6460 and then resume moving downwards to reach 0.6345. 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 0.6570. In this case, the pair may continue growing towards 0.6675.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2974; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.2940 and then continue moving upwards to reach 1.3095. 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 1.2850. In this case, the pair may continue falling towards 1.2765. After breaking the channel’s upside border and fixing above 1.2995, the price may continue moving upwards.

 

[RoboForex]

Murrey Math Lines 08.10.2018 (EURUSD, GBPUSD)
08.10.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. It has rebounded from the 5/8 level and may resume falling towards the 3/8 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, continue trading downwards.

GBPUSD, “Great Britain Pound vs US Dollar”

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

In the H1 chart, the pair is trading above the 5/8 level and may continue grow towards the resistance at the 8/8 one.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

 

[RoboForex]

Fibonacci Retracements Analysis 09.10.2018 (EURUSD, USDJPY)
09.10.2018
EURUSD, “Euro vs US Dollar”

In the H4 chart, the downtrend continues and has already reached the retracement of 61.8%. The next possible target may be the retracement of 76.0% at 1.1424. The key downside target is this year’s low at 1.3000. The main resistance level is at 1.1693.

As we can see in the H1 chart, EURUSD is testing the short-term low. If the price breaks it, the instrument may continue trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1429 and 1.1409 respectively. At the same time, the convergence is being formed, which may indicate a possible pullback after the price reaches its targets.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the divergence made USDJPY reverse and start 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 112.47 and 111.98 respectively. The main resistance level is the high at 114.55.

In the H1 chart, after being corrected by 38.2%, the pair started a new short-term pullback.

 

[RoboForex]

Japanese Candlesticks Analysis 09.10.2018 (USDCAD, AUDUSD)
09.10.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still moving upwards and forming Doji, Harami, and Engulfing reversal patterns during slight pullbacks. Judging by the previous movements, right now it may be assumed that the instrument may complete this pullback and then start a new ascending movement.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still falling and forming Hammer, Inverted 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 inside the downtrend.