Technical Analysis by RoboForex

[RoboForex]

Forex Technical Analysis & Forecast 09.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
09.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating near the lows and trying to rebound from the downside border. Possibly, the pair may reach 1.1516 and then start another decline with the short-term target at 1.1444.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has rebounded from 1.3030 and right now is trading upwards. Today, the pair may reach 1.3138 and then resume trading inside the downtrend towards 1.2995.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating above 0.9917. Possibly, today the pair may fall towards the downside border at 0.9882 and then return to 0.9917, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend towards 0.9990; if to the downside – continue the correction with the target at 0.9767.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the short-term downside target. Today, the pair may trade upwards to reach 113.52 and then start another decline towards the first target at 112.44.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating near the lows. Today, the pair may grow to reach 0.7097 and then fall towards 0.7055, 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 the correction to reach 0.7154.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 66.55. Possibly, today the pair may fall towards 66.01 and then grow to reach 67.10. 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 has reached the short-term downside target; right now, it is being corrected towards 1194.20. After that, the instrument may fall to reach 1181.70.

BRENT

Brent has broken 84.25 and may continue the correction towards 85.55. Later, the market may start a new descending structure with the first target at 81.50.

 

[RoboForex]

Murrey Math Lines 09.10.2018 (AUDUSD, NZDUSD)
09.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is no longer trading inside the “oversold zone”. In this case, the price is expected to grow towards the 3/8 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.

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD is trading inside the “oversold zone”. In this case, the price is expected to break the 0/8 level and continue growing towards the resistance at the 3/8 one.

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

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[RoboForex]

Fibonacci Retracements Analysis 10.10.2018 (GBPUSD, EURJPY)
10.10.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after completing the correction, GBPUSD started a new rising impulse, which is getting closer to the retracement of 76.0% at 1.3207. The main upside target is the current high at 1.3298. If the price breaks the high, the pair may continue trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3440 and 1.3532 respectively. The support level is at 1.2922.

In the H1 chart, the pair is trading upwards, but once can see the divergence being formed, which may indicate a possible pullback after the price reaches the short-term target, the retracement of 76.0% at 1.3207. The targets of this pullback may be the retracements of 23.6%, 38.2%, and 50.0% at 1.3140, 1.3098, and 1.3064 respectively.

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 38.2%. The next possible targets are the retracements of 50.0%, 61.8%, and 76.0% at 129.02, 128.06, and 126.88 respectively. The resistance level is the high at 133.13.

In the H1 chart, the pair is forming a short-term ascending correction inside the main downtrend. If the price breaks the low at 129.34, the instrument may continue trading downwards.

 

[RoboForex]

Japanese Candlesticks Analysis 10.10.2018 (EURUSD, USDJPY)
10.10.2018
EURUSD, “Euro vs. US Dollar”

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

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after being corrected from the resistance level, USDJPY has formed several Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing another pullback, the instrument may continue its ascending tendency.

 

[RoboForex]

Ichimoku Cloud Analysis 10.10.2018 (AUDUSD, NZDUSD, USDCAD)
10.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7119; 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 0.7130 and then resume moving downwards to reach 0.6995. 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 0.7185. In this case, the pair may continue growing towards 0.7245.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6485; 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 0.6495 and then resume moving downwards to reach 0.6395. 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 0.6565. In this case, the pair may continue growing towards 0.6665.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2933; 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 1.2930 and then continue moving upwards to reach 1.3090. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2855. 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 10.10.2018 (USDJPY, USDCAD)
10.10.2018
USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is consolidating. In this case, it is expected to resume falling to reach the 4/8 level.

In the H1 chart, the price is trading below the 3/8 level and may continue falling towards 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 rebounded from the 5/8 level yesterday and right now is expected to fall towards the support 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 trading downwards.

 

[RoboForex]

Forex Technical Analysis & Forecast 10.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
10.10.2018
EURUSD, “Euro vs US Dollar”

After completing the wave to the downside, EURUSD has formed a new ascending impulse towards 1.1515, which is in the middle of the descending structure. Possibly, today the pair may fall towards 1.1474, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may continue the correction to reach 1.1600; if to the downside – resume trading inside the downtrend with the target at 1.1344.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the upside target. Today, the pair may reach 1.3098 and then grow towards 1.3166. After that, the instrument may form a new consolidation range with a reversal pattern. The price is expected start another descending structure with the target at 1.2860.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating at the top of the ascending wave close to the downside border. If later the instrument breaks this range to the downside, the price may continue the correction to reach 0.9767. The first target is at 0.9860.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating near the low of the third descending wave. If later the instrument breaks this range to the upside, the price may start another correction towards 113.52; if to the downside – continue trading inside the downtrend with the first target at 112.44.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken its consolidation range upwards. Possibly, the pair may grow with the short-term target at 0.7136 and then fall to reach 0.7097. Later, the market may resume growing towards the first correctional target at 0.7155.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is being corrected. Possibly, today the pair may fall towards 66.07 and then grow with the short-term target at 67.08. Later, the market may resume falling with the target at 66.55 and then start another growth to reach 68.10.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating near the lows. If later the instrument breaks this range to the upside, the price may be corrected towards 1194.20; if to the downside – continue trading inside the downtrend with the target at 1179.10.

BRENT

Brent has finished the correctional wave at 85.55. Today, the pair may form a new consolidation range near the highs. If later the instrument breaks this range to the downside, the price may start the third descending wave with the target at 82.66.

 

[RoboForex]

Fibonacci Retracements Analysis 11.10.2018 (AUDUSD, USDCAD)
11.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after breaking the low, AUDUSD has started a new correction. The possible targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 0.6998 and 0.6943 respectively. The key resistance level is t 0.7260.

In the H1 chart, the pair is being corrected and has already reached the retracement of 23.6%. The next targets may be the retracements of 38.2% and 50.0% at 0.7145 and 0.7178 respectively. The support level is the low at 0.7041.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is forming a new rising impulse, which has already reached the retracement of 61.8%. The next upside target may be the retracement of 76.0% at 1.3118. The support level is at 1.2952.

In the H1 chart, the correctional uptrend is heading towards the retracement of 76.0% at 1.3118. At the same time, the divergence is being formed, which may indicate that after reaching its upside targets USDCAD may reverse and start a new decline towards the retracements of 23.6%, 38.2%, 50.0%, and 61.8% at 1.3039, 1.2990, 1.2952, and 1.2911 respectively.

 

[RoboForex]

Japanese Candlesticks Analysis 11.10.2018 (GOLD, NZDUSD)
11.10.2018
XAUUSD, “Gold vs US Dollar”

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

 

[RoboForex]

Forex Technical Analysis & Forecast 12.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
12.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still forming the third ascending wave. Today, the pair may reach 1.1602 and then resume falling towards 1.1544. After that, the instrument start another growth with the target at 1.1650.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating at the top. Possibly, today the price may break the range downwards and reach the target at 1.3135. Later, the market may start another ascending structure towards 1.3185.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming the fourth correctional structure. Possibly, the pair may reach 0.9922 and then resume falling with the first target at 0.9835.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 112.18. According to the main scenario, the pair may break the range upwards and reach the target at 113.10. After that, the instrument may resume falling with the first target at 111.65.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has formed the consolidation range around 0.7080. If later the instrument breaks this range to the upside, the price may be corrected to reach 0.7228; if to the downside – resume trading inside the downtrend with the target at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 66.26. If later the instrument breaks this range to the upside, the price may grow with the short-term target at 67.70; if to the downside – continue the correction towards 65.60.

XAUUSD, “Gold vs US Dollar”

Gold is moving upwards; it has formed the reversal pattern at 1205.00, broken it upwards, and may continue growing with the short-term target at 1128.50. After that, the instrument may resume falling to reach 1205.00 and then start another growth towards 1250.00.

BRENT

Brent is forming the third descending wave; it has completed another consolidation range around 82.22 and broken it downwards. Possibly, the pair may return to test 82.22 from below and then resume falling with the short-term target at 79.11. Later, the market may be corrected to reach 82,22 once again and then start another decline towards the first target at 73.37.

 

[RoboForex]

Murrey Math Lines 12.10.2018 (EURUSD, GBPUSD)
12.10.2018
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 resistance at the 8/8 level.

In the H1 chart, the pair may break the 5/8 level and then continue trading to reach 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.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is trading inside the “overbought zone”. In this case, the price is expected to break the 8/8 level and continue falling towards the support at the 7/8 level.

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

 

[RoboForex]

Ichimoku Cloud Analysis 15.10.2018 (AUDUSD, NZDUSD, USDCAD)
15.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7123; 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 0.7090 and then resume moving upwards to reach 0.7185. 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 0.7070. In this case, the pair may continue falling towards 0.7005. After breaking the cloud’s upside border and fixing above 0.7155, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6507; the instrument is inside below Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.6495 and then resume moving upwards to reach 0.6565. 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 0.6455. In this case, the pair may continue falling towards 0.6400. After breaking the cloud’s upside border and fixing above 0.6545, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3024; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3005 and then continue moving upwards to reach 1.3145. 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 1.2895. In this case, the pair may continue falling towards 1.2795. After breaking the resistance area and fixing above 1.3075, the price may continue moving upwards.

 

[RoboForex]

Japanese Candlesticks Analysis 15.10.2018 (EURUSD, USDJPY)
15.10.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD continues the pullback from the support level; right now, it is forming Hammer, Doji, and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns indicate another correction before the instrument starts a new uptrend.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is still testing the support level and forming Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the correction, the instrument may continue its ascending tendency.

 

[RoboForex]

Forex Technical Analysis & Forecast 15.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
15.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD is trading downwards to reach 1.1528. Later, the market may grow towards 1.1568, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may grow with the target at 1.1649; if to the downside – resume trading inside the downtrend towards 1.1383.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken the consolidation range downwards. Possibly, today the price may reach 1.3060 and then grow towards 1.3158, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may trade upwards with the target at 1.3255; if to the downside – resume trading inside the downtrend towards 1.2950.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming the fourth correctional structure. Today, the pair may reach the first target at 0.9833 and then resume growing towards 0.9880.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 112.18. According to the main scenario, the pair may break the range upwards and reach the target at 113.10. After that, the instrument may resume falling with the first target at 111.70.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating. Possibly, today the price may fall towards 0.7090. If later the instrument breaks this range to the upside, the price may grow to reach 0.7220; if to the downside – resume trading inside the downtrend with the target at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 66.26. If later the instrument breaks this range to the upside, the price may grow with the short-term target at 67.70; if to the downside – continue the correction towards 65.60.

XAUUSD, “Gold vs US Dollar”

Gold is moving upwards; it has formed the reversal pattern at 1205.80, broken it upwards, and may continue growing with the short-term target at 1130.50. After that, the instrument may resume falling to reach 1205.80 and then start another growth towards 1250.00.

BRENT

Brent is forming the third descending wave; it has completed another consolidation range around 82.22 and broken it downwards. Possibly, the pair may return to test 82.22 from below and then resume falling with the short-term target at 79.11. Later, the market may be corrected to reach 82.22 once again and then start another decline towards the first target at 77.37.

 

[RoboForex]

Murrey Math Lines 15.10.2018 (EURUSD, GBPUSD)
15.10.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has rebounded from the 5/8 level and may continue growing towards the resistance at the 8/8 one.

In the H1 chart, the scenario may be a bit different. The pair may rebound from the 3/8 level and resume falling to reach the support at the 0/8 one.

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

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is no longer trading inside the “overbought zone”. In this case, the price 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.

 

[RoboForex]

Fibonacci Retracements Analysis 16.10.2018 (EURUSD, USDJPY)
16.10.2018
EURUSD, “Euro vs US Dollar”

In the H4 chart, the uptrend continues; it has already reached the retracement of 38.2%. The next possible targets may be the retracements of 50.0% and 61.8% at 1.1624 and 1.1668 respectively. The support level is the low at 1.1432.

As we can see in the H1 chart, EURUSD is about to complete the current short-term correction and may later break the high at 1.1610. After that, the price may continue trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1639 and 1.1657 respectively. In case the correction continues, the next downside target the retracement of 50.0% at 1.1522.

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 23.6%. The next targets may be the retracements of 38.2% and 50.0% at 110.77 and 109.58 respectively. The main resistance level is the high at 114.55.

In the H1 chart, the convergence made the pair start a new short-term pullback. The possible targets are the retracements of 23.6%, 38.2%, and 50.0% at 112.31, 112.74, and 113.09 respectively. The support level is the low at 111.62.

 

[RoboForex]

Ichimoku Cloud Analysis 16.10.2018 (AUDUSD, NZDUSD, USDCAD)
16.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7121; 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 0.7095 and then resume moving upwards to reach 0.7215. 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 0.7070. In this case, the pair may continue falling towards 0.7005. After breaking the cloud’s upside border and fixing above 0.7155, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.65; 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 0.6535 and then resume moving upwards to reach 0.6655. 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 0.6455. In this case, the pair may continue falling towards 0.6400. After breaking the channel’s upside border and fixing above 0.6595, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2989; 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 1.2980 and then continue moving upwards to reach 1.3145. 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 1.2895. In this case, the pair may continue falling towards 1.2795. After breaking the resistance area and fixing above 1.3075, the price may continue moving upwards.

 

[RoboForex]

Fibonacci Retracements Analysis 22.10.2018 (GOLD, USDCHF)
22.10.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after completing the ascending impulse, XAUUSD started a new sideways movement. In case the price breaks the resistance level at 1233.26, the instrument may continue the correction towards the retracement of 38.2% at 1238.30. The main support level is at 1183.22.

In the H1 chart, the pair is forming a short-term descending correction, which has already reached the retracement of 23.6. The next targets are the retracements of 38.2% and 50.0% at 1214.13 and 1208.50 respectively.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the divergence made USDCHF start a new correction to the downside. The possible targets are the retracements of 23.6%, 38.2% and 50.0% at 0.9874, 0.9811, and 0.9760 respectively. However, if the price breaks the resistance level at 0.9977, the instrument may continue trading upwards to reach the high at 1.0068.

The H1 chart shows more detailed structure of the current descending correction.

 

[RoboForex]

Japanese Candlesticks Analysis 22.10.2018 (USDCAD, AUDUSD)
22.10.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is being corrected from the resistance level, where it formed several Shooting Star and Hanging Man 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 trading at the support level and forming Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then resume moving inside the uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 22.10.2018 (AUDUSD, NZDUSD, USDCAD)
22.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7122; 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 0.7110 and then resume moving upwards to reach 0.7210. 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 0.7070. In this case, the pair may continue falling towards 0.6980.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6596; 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 0.6565 and then resume moving upwards to reach 0.6670. 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 0.6500. In this case, the pair may continue falling towards 0.6405.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3084; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3020 and then continue moving upwards to reach 1.3185. 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 1.2955. In this case, the pair may continue falling towards 1.2835.