Technical Analysis by RoboForex

[RoboForex]

Forex Technical Analysis & Forecast 22.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
22.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed the descending wave along with the correction. Today, the pair may expand the current range towards 1.1540 and 1.1447, and then return to 1.1505. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend to reach 1.1350; if to the upside – choose and alternative scenario and continue the correction towards 1.1616.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the short-term downside target and right now is being corrected. Possibly, today the price may form the fifth correctional structure towards 1.3112. Later, the market may start another decline to reach the first target at 1.2991.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still moving upwards. Today, the pair may reach 0.9992. After that, the instrument may be corrected to return to 0.9950 and then resume trading inside the uptrend to reach 1.0040.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has formed another consolidation range around 112.49. If the instrument breaks this range to the upside, the price may continue the correction with the short-term target at 113.00. Later, the market may fall towards 112.25 and then resume trading upwards to return to 113.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming the Flag correctional pattern. Today, the pair may fall to reach 0.7080. Later, the market may grow towards the target of the pattern at 0.7160 and then resume trading inside the downtrend to reach 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating below 65.55. Possibly, the pair may fall towards 65.18 and then test 65.55 from below. If the instrument breaks this range to the downside, the price may resume falling with the short-term target at 64.10; if to the upside – start a new correction towards 67.04.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating. According to the main scenario, the price may break this range to the downside and continue forming the fourth structure to reach 1200.50. However, if this range is broken to the upside, the instrument may choose and alternative scenario and grow with the target at 1250.50.

BRENT

Brent has reached the short-term downside target; right now, it is growing towards 81.52. After that, the instrument may start another decline with the first target at 77.37.

 

[RoboForex]

Murrey Math Lines 22.10.2018 (EURUSD, GBPUSD)
22.10.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is consolidating. In this case, the price is expected to test the 5/8 level, rebounds from it, and then resume falling towards the support at the 3/8 one.

In the H1 chart, the scenario may be a bit different. Last Friday, the pair left the “oversold zone” and right now is expected to resume growing to reach the resistance at the 3/8 one.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD may break the 6/8 level and continue falling towards the support at the 4/8 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.

 

[RoboForex]

Fibonacci Retracements Analysis 23.10.2018 (EURUSD, USDJPY)
23.10.2018
EURUSD, “Euro vs US Dollar”

In the H4 chart, EURUSD is testing the support level at 1.1432. If the price breaks it, the instrument may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1360 and 1.1316 respectively. The resistance level is the high at 1.1621.

As we can see in the H1 chart, EURUSD is finishing the short-term correction and about to start a new impulse to the downside. In the nearest future, the price may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1388 and 1.1360 respectively.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is completing the short-term correction, which may be followed by a new descending impulse. The next downside 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 decline. The possible downside targets are the retracements of 50.0%, 61.8%, and 76.0% at 112.25, 112.10, and 111.93 respectively. The main downside target and the support level are the low at 111.62.

 

[RoboForex]

Ichimoku Cloud Analysis 23.10.2018 (AUDUSD, NZDUSD, USDCAD)
23.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7059; 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 0.7085 and then resume moving downwards to reach 0.6980. 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 0.7145. In this case, the pair may continue growing towards 0.7250.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6538; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6555 and then resume moving downwards to reach 0.6435. Another signal to confirm further descending movement is the price’s rebounding from the channels’ downside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6575. In this case, the pair may continue growing towards 0.6670. After breaking the support level and fixing below 0.6500, the price may continue moving downwards and complete the Double Top reversal pattern.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3100; 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 1.3055 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 1.2965. In this case, the pair may continue falling towards 1.2855.

[URL deleted]

 

[RoboForex]

Japanese Candlesticks Analysis 23.10.2018 (EURUSD, USDJPY)
23.10.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is still testing the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns won’t probably conform the reverse and the instrument will continue trading downwards after breaking the support level.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is 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 23.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
23.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD has broken 1.1475 downwards without any corrections. Today, the pair may continue falling to reach 1.1400 and then start a new correction to return to 1.1475. After that, the instrument may resume trading inside the downtrend with the short-term target of the third wave at 1.1330.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still moving downwards to reach 1.2900. Possibly, today the price may fall towards 1.2940 and then start a new correction to reach 1.3000. Later, the market may start another decline to reach the short-term target of the third wave at 1.2900.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9955. Today, the pair may grow to break the upside border at 0.9992 and then continue trading inside the uptrend towards the target at 1.0015. However, if the range is broken to the downside, the instrument may choose and alternative scenario and start a new correction to reach 0.9915 and then resume trading inside upwards to reach the above-mentioned target.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken the consolidation range to the upside and returned to 112.48. Possibly, today the price may form a new ascending structure with the short-term target at 113.00.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken the target of the descending wave; it has formed another consolidation range and broken it downwards. Possibly, the pair may extend the structure towards the main target of this descending wave at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still falling. Possibly, today the pair may fall towards 64.83 and then start another growth to reach 65.34. After that, the instrument may resume trading inside the downtrend with the target at 64.21.

XAUUSD, “Gold vs US Dollar”

Gold has completed the descending structure at 1220.00 and almost finished the consolidation range in the form of the Triangle pattern. Possibly, today the price may grow towards 1224.50 and then fall to reach 1217.00. According to the main scenario, the price may is expected to continue the fourth correctional wave with the target at 1200.50. However, the pair may choose and alternative scenario and continue growing to reach the pattern’s upside border at 1229.00 and then resume falling towards the downside one. If the instrument breaks this range to the downside, the price may resume falling towards 1200.50; if to the upside – resume trading inside the uptrend with the target at 1250.50.

BRENT

Brent is forming another consolidation range around 79.69; it hasn’t been able to form another ascending structure and right now is trading downwards inside the third wave. Today, the pair may extend the current structure towards 78.35 and then start a new correction to reach 81.50. Later, the market may resume trading inside the downtrend with the first target at 77.37.

 

[RoboForex]

Murrey Math Lines 23.10.2018 (AUDUSD, NZDUSD)
23.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

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

As we can see in the H1 chart, the instrument is consolidating. Later, the pair may break the 3/8 level and continue trading downwards to reach the support at the 0/8 one.

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD has broken the 3/8 and right now is trading below it. In this case, the price is expected to continue falling towards the support at the 0/8 level.

In the H1 chart, the instrument may break the 5/8 level and continue trading downwards to reach 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 moving downwards.

 

[RoboForex]

Fibonacci Retracements Analysis 24.10.2018 (GBPUSD, EURJPY)
24.10.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is being corrected downwards and has already tested the retracement of 50.0% for the second time. The next downside targets may be the retracements of 61.8% and 76.0% at 1.2906 and 1.2815 respectively. The main target is the support level at 1.2662.

In the H1 chart, the convergence made the pair reverse and form another pullback, which has reached the retracement of 38.2% at 1.3050. A new descending impulse is heading towards the current low at 1.2936. If the price breaks it, the instrument may continue falling to reach its mid-term downside targets.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY is trading downwards to reach the retracements of 61.8% and 76.0% at 128.04 and 126.88 respectively. At the same time, the convergence is being formed, which may indicate a possible correction in the future.

The H1 chart shows more detailed structure of the current decline.

 

[RoboForex]

Ichimoku Cloud Analysis 24.10.2018 (AUDUSD, NZDUSD, USDCAD)
24.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7099; 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 0.7110 and then resume moving downwards to reach 0.6990. 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 0.7135. In this case, the pair may continue growing towards 0.7250.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6556; 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 0.6550 and then resume moving upwards to reach 0.6650. Another signal to confirm further ascending movement is the price’s rebounding from the channels’ downside border. 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 0.6450.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3079; 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 1.3040 and then continue moving upwards to reach 1.3195. 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 1.2975. In this case, the pair may continue falling towards 1.2875.

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[RoboForex]

Japanese Candlesticks Analysis 24.10.2018 (GOLD, NZDUSD)
24.10.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still testing the resistance level and forming Hanging Man and Shooting Star 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 forming another correction with Harami, Inverted Hammer, and Hammer 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 its growth.

 

[RoboForex]

Forex Technical Analysis & Forecast 24.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
24.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD is moving downwards to reach 1.1400. After that, the instrument may start a new correction to return to 1.1475 and then resume trading inside the downtrend with the short-term target of the third wave at 1.1330.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still forming the third descending wave with the short-term target at 1.2900. Later, the market may start a new growth to reach 1.3000 and then resume falling towards 1.2880.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9955. Today, the pair may grow to break the upside border at 0.9992 and then continue trading inside the uptrend towards the target at 1.0015. However, if the range is broken to the downside, the instrument may choose and alternative scenario and start a new correction to reach 0.9915 and then resume trading inside upwards to reach the above-mentioned target.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has almost completed the consolidation range around 112.40. Possibly, today the price may grow to reach 113.10 to finish the correction. After that, the instrument may resume trading inside the downtrend with the target at 110.70.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has formed another consolidation range around 0.7070 and broken it upwards. Possibly, the pair may extend this ascending structure towards 0.7160. Today, the pair may form the first impulse to reach 0.7107 and then start a new correction towards 0.7080. Later, the market may continue growing with the target at 0.7144.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 65.55. If the instrument breaks this range to the downside, the price may continue the third wave towards 64.20; if to the upside – start a new correction with the target at 66.50.

XAUUSD, “Gold vs US Dollar”

Gold is no longer consolidating and may continue growing to extend the third wave towards 1265.80. Possibly, today the price may reach 1241.57 and then start a new correction with the target at 1230.20. After that, the instrument may resume trading inside the uptrend towards 1252.20.

BRENT

Brent has completed the descending wave. Today, the pair may start a new correction with the first target at 78.41.

 

[RoboForex]

Murrey Math Lines 24.10.2018 (USDJPY, USDCAD)
24.10.2018
USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is consolidating. In this case, it is expected to break the 4/8 level and fall to reach the support at the 3/8 one.

In the H1 chart, the price is trading inside the “overbought zone”. In this case, the pair is expected to break the 8/8 level and continue falling towards the 5/8 one.

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD may break the 7/8 level and continue growing to reach the resistance at the 8/8 one.

In the H1 chart, the price is consolidating. In this case, the instrument may break the 5/8 level and continue trading upwards to reach the resistance at the 8/8 one.

 

[RoboForex]

Fibonacci Retracements Analysis 25.10.2018 (AUDUSD, USDCAD)
25.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is about to complete the correction. The new downtrend is heading towards the support level at 0.7041. If the price breaks this level, the instrument may continue trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 0.6996 and 0.6968 respectively. The key resistance level is at 0.7159.

The H1 chart shows more detailed structure of the current descending movement towards 0.7041.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after being corrected by 50.0%, USDCAD is trying to reverse. However, if the uptrend continues, its targets will be the retracements of 61.8% and 76.0% at 1.3155 and 1.3241 respectively. The short-term support level is at 1.2925.

In the H1 chart, the divergence made the pair reverse and start a new downtrend, which has already reached the retracement of 38.2%. The next possible targets are the retracements of 50.0% and 61.8% at 1.2957 and 1.2916 respectively. If the price breaks the high at 1.3132, the ascending correction will continue.

[URL deleted]

 

[RoboForex]

Japanese Candlesticks Analysis 25.10.2018 (USDCAD, AUDUSD)
25.10.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has completed another pullback from the resistance level; right now, it is still forming Harami 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 Engulfing, 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.

[URL deleted]

 

[RoboForex]

Ichimoku Cloud Analysis 25.10.2018 (AUDUSD, NZDUSD, USDCAD)
25.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7075; 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 0.7090 and then resume moving downwards to reach 0.6990. Another signal to confirm further descending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7135. In this case, the pair may continue growing towards 0.7250.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6523; 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 0.6535 and then resume moving downwards to reach 0.6455. 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 0.6590. In this case, the pair may continue growing towards 0.6690.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3022; 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 1.3020 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 1.2965. In this case, the pair may continue falling towards 1.2875.

 

[RoboForex]

Murrey Math Lines 25.10.2018 (USDCHF, GOLD)
25.10.2018
USDCHF, “US Dollar vs Swiss Franc”

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

In the H1 chart, USDCHF may test the 6/8 level, rebound from it, and then 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, may continue moving upwards.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is trading above the 5/8 level. In this case, the price may resume trading upwards to reach the resistance at the 8/8 level.

In the H1 chart, the pair may break the 5/8 level and continue growing 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, continue moving upwards.

 

[RoboForex]

Forex Technical Analysis & Forecast 25.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
25.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD has reached 1.1400, but may yet continue moving downwards. Possibly, today the price may test 1.1428 from below and then start another decline towards 1.1365. After that, the instrument may form a new ascending structure to test 1.1425, thus forming a continuation pattern close to this level. The target of the third wave at 1.1247.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still forming the third descending wave; it has rebounded from 1.2939 and right now is still trading downwards. Possibly, the pair may fall with the short-term target at 1.2800.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9955. Today, the pair may grow to break the upside border at 0.9994 and then continue trading inside the uptrend towards the target at 1.0055. However, if the range is broken to the downside, the instrument may choose and alternative scenario and start a new correction to reach 0.9915 and then resume trading inside upwards to reach the above-mentioned target.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the descending wave at 111.82 and may form a new consolidation range in the form of the Trianglepattern. Possibly, today the price may grow to reach the upside border at 112.40. If the instrument breaks this pattern to the downside, the price may continue falling towards 110.93; if to the upside – continue the correction with the target at 113.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating close to the lows. Today, the pair may grow towards 0.7108 and then fall to reach 0.7080. If the instrument breaks this range to the upside, the price may continue growing towards 0.7116; if to the downside – resume trading inside the downtrend with the target at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 65.55. If the instrument breaks this range to the downside, the price may continue the third wave towards 64.20; if to the upside – start a new correction with the target at 66.50.

XAUUSD, “Gold vs US Dollar”

Gold is forming another ascending structure towards 1241.24. Later, the market may fall to reach 1229.75 and then start a new growth with the target at 1252.30. The instrument is expected to extend the third wave towards the short-term target at 1266.90.

BRENT

Brent is forming another consolidation range near the lows. Possibly, today the price may expand the range towards 75.00. Later, the market may grow to reach 77.66 and then fall towards 76.50. If the instrument breaks this range to the downside, the price may extend this structure to reach 73.60; if to the upside – start a new correction with the target at 80.35.

 

[RoboForex]

Fibonacci Retracements Analysis 29.10.2018 (GOLD, USDCHF)
29.10.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has reached the retracement of 38.2%, and right now one can see the divergence. The next upside target may be the retracement of 50.0% at 1262.85. The main support level is at 1183.22.

In the H1 chart, the divergence made the pair start a new descending movement. The possible targets may be the retracements of 23.6%, 38.2%, and 50.0% at 1229.15, 1220.50, and 1213.30 respectively.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has reached the post-correctional extension area between the retracements of 138.2% and 161.8% and right now once can see the divergence, which may indicate a possible pullback soon. At the same time, if the price breaks the high at 1.0026, the instrument may continue trading upwards to reach the retracement of 261.8% at 1.0129.

In the H1 chart, the divergence made the pair reverse and start a new decline to break the short-term support level at 0.9955. The downside targets are the retracements of 23.6%, 38.2% and 50.0% at 0.9912, 0.9841, and 0.9784 respectively.

 

[RoboForex]

Forex Technical Analysis & Forecast 29.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
29.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD is trading to return to 1.1425. Today, the pair may reach this level and then and then resume trading inside the downtrend with the target at 1.1302. Later, the market may form a new ascending structure towards 1.1361 and then start another decline to reach the short-term target of the third descending wave is at 1.1230.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving upwards to reach 1.2857. Later, the market may resume falling towards 1.2721 and then grow to return to 1.2857. After that, the instrument may resume trading inside the downtrend with the short-term target of the third descending wave at 1.2615.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached 0.9970. Possibly, today the price may consolidate at the current levels. After the instrument breaks this pattern to the upside, the pair may resume trading inside the uptrend towards 1.0040 and then form a new descending structure to reach 0.9972. Later, the market may move upwards to reach the short-term target of the third ascending wave at 1.0106.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken the Triangle pattern downwards and returned to the broken border. Today, the pair may continue falling towards 111.11 and then start another growth to return to 111.78. After that, the instrument may resume trading inside the downtrend to reach the short-term target of the third descending wave at 110.72.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has returned to the center of the consolidation range. Today, the pair may move downwards to reach 0.7030 and then grow towards 0.7070. Later, the market may resume trading inside the downtrend with the target at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is growing towards the upside border of the Triangle pattern. Possibly, today the price may reach 66.15 and then resume falling towards 64.89.

XAUUSD, “Gold vs US Dollar”

Gold has reached another upside target. Possibly, today the pair may be corrected with the target at 1224.54. Later, the market may resume trading inside the uptrend to reach the short-term target of the third ascending wave at 1262.50.

BRENT

Brent is forming the second ascending impulse. Possibly, the price may form a new descending structure towards 77.15 and then start another growth with the short-term target at 78.73. Later, the market may resume falling towards 77.15 and then move upwards to reach 78.96. After that, the instrument may start another decline towards the target of the first descending wave at 74.98.

 

[RoboForex]

Japanese Candlesticks Analysis 29.10.2018 (GOLD, NZDUSD)
29.10.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still testing the resistance level and forming Doji, Hanging Man, and Shooting Star 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 forming another correction with Doji and Hammer 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 its growth.