Technical Analysis by RoboForex

[RoboForex]

Murrey Math Lines 29.10.2018 (EURUSD, GBPUSD)
29.10.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has rebounded from the 3/8 level and may continue falling towards the support at the 0/8 one.

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

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is trading below the 3/8 level. In this case, the price may test this level, rebound from it, and then resume continue falling towards the support at the 0/8 one.

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

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 30.10.2018 (EURUSD, USDJPY)
30.10.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after reaching the retracement of 76.0%, EURUSD is trading downwards towards the key support level at 1.1300. The resistance level is the high at 1.1621. At the same time, one can see the convergence, which may indicate a possible short-term pullback in the future.

In the H1 chart, the convergence made EURUSD reverse and start a new impulse to the upside, which has already reached the retracement of 23.6%. The next possible targets are the retracements of 38.2% and 50.0% at 1.1444 and 1.1478 respectively. However, if the price breaks the low at 1.1335, the instrument will resume moving downwards.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the convergence is making USDJPY complete the descending correction, which may later be followed by a new ascending impulse. If this impulse breaks the high at 114.55, the price may continue trading towards post-correctional extension area between the retracements of 138.2% and 161.8% at 115.73 and 116.51 respectively. However, in case the pair continues trading downwards, the next downside targets may be the retracements of 38.2% and 50.0% at 110.75 and 109.58 respectively.

In the H1 chart, the pair is being corrected upwards and has already almost reached the retracement of 50.0% at 112.56. The next possible upside targets are the retracements of 61.8% and 76.0% at 113.33 and 113.78 respectively.

 

[RoboForex]

Japanese Candlesticks Analysis 30.10.2018 (USDCAD, AUDUSD)
30.10.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has completed another slight pullback from the resistance level; right now, it is still forming Shooting Star, Harami, and Hanging Man reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument may continue its ascending movement.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still testing 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.

 

[RoboForex]

Forex Technical Analysis & Forecast 30.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
30.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1385. Today, the pair may reach 1.1352 and then grow towards 1.1407, thus forming the Triangle pattern. If the instrument breaks this pattern to the downside, the price may resume trading inside the downtrend towards 1.1220; if to the upside – start a new correction with the target at 1.1478 and then continue falling to reach 1.1150.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has rebounded from 1.2855 and right now is moving downwards. According to the main scenario, the price may break 1.2782 and then continue trading inside the downtrend with the target at 1.2660.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is growing. Possibly, today the price may reach 1.0044 and then form a new correctional structure towards 0.9966. Later, the market may resume trading inside the uptrend with the target at 1.0120.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still moving upwards. Possibly, the price may reach 112.95 and then fall towards 112.14, thus forming a new consolidation range. If the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 111.00; if to the upside – continue the correction to reach 113.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending impulse along with the correction, thus forming another consolidation range. If the instrument breaks this range to the upside, the price may continue the correction towards 0.7160; if to the downside – resume trading inside the downtrend with the target at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still trading in the center of the consolidation range around 65.55. Possibly, today the price may grow to reach the upside border at 66.36 and then resume falling with the short-term target at 63.90.

XAUUSD, “Gold vs US Dollar”

Gold has reached another downside target. Possibly, today the pair may form a new ascending structure towards 1233.85 and then fall to reach 1228.85, thus forming another consolidation range. If the instrument breaks this range to the upside, the price may resume trading inside the uptrend towards 1255.55; if to the downside – start a new correction with the target at 1206.06.

BRENT

Brent is trading to rebound from 77.15. Possibly, the price may form a new ascending structure with the short-term target at 78.70 and then start another decline to return to 77.15. Later, the market may move upwards to reach 78.95 resume falling towards 74.98.

 

[RoboForex]

Murrey Math Lines 30.10.2018 (AUDUSD, NZDUSD)
30.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is 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.

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 moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD may break the 3/8 and then continue growing towards the resistance at the 5/8 one.

In the H1 chart, the instrument is consolidating. In this case, the price may break the 5/8 level and continue trading upwards 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 moving upwards.

 

[RoboForex]

Fibonacci Retracements Analysis 31.10.2018 (GBPUSD, EURJPY)
31.10.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is trading towards the low at 1.2662. If the price breaks this level, it may continue moving towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.2417 and 1.2270 respectively. At the same time, there is a convergence, which may indicate a possible short-term pullback.

In the H1 chart, there is a convergence, which may indicate a new pullback to the upside after the pair reaches the low at 1.2662. The possible targets are the retracements of 23.6%, 38.2%, and 50.0% at 1.2799, a.2882, and 1.2950 respectively.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the convergence made EURJPY reverse and start a new correction to the upside, which has already reached the retracement of 23.6%. The next possible targets are the retracements of 38.2% and 50.0% at 129.11 and 129.87 respectively. The support level is at 126.63.

In the H1 chart, there is a divergence, which may indicate a possible pullback in the nearest future. The targets may be the retracements of 23.6%, 38.2%, and 50.0% at 128.08, 127.82, and 127.59 respectively.

 

[RoboForex]

Forex Technical Analysis & Forecast 31.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
31.10.2018
EURUSD, “Euro vs US Dollar”

EURUSD is moving downwards. Today, the pair may reach 1.1323 and then grow towards 1.1370. After that, the instrument may start another decline to reach 1.1276. The short-term target of this structure is at 1.1220.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still forming the third descending wave. Possibly, today the pair may reach 1.2655 and then form a new ascending structure towards 1.2777. Later, the market may resume trading inside the downtrend with the short-term target at 1.2477.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still growing. Possibly, the price may consolidate and test 1.0000 from above. According to the main scenario, the pair may continue trading inside the uptrend to break 1.0044. The next target is at 1.0120.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still moving upwards; it has almost formed the Divergent Triangle pattern and tested its upside border. Possibly, today the price may form a new consolidation range below 113.30. The instrument is expected to start a new descending structure towards 111.31. The first target is at 112.31.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7087. Today, the pair may form a new ascending structure towards the upside border at 0.7155 and then resume trading inside the downtrend to reach the key target of this wave at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still trading in the center of the consolidation range around 65.55 without any particular direction. Possibly, the price may grow to reach the upside border at 66.36 and then resume falling with the short-term target at 63.90.

XAUUSD, “Gold vs US Dollar”

Gold has rebounded from 1235.50 and resumed falling. Possibly, the pair may continue the correction towards 1206.04. After that, the instrument may resume trading inside the uptrend towards 1252.30.

BRENT

Brent has completed the descending structure at 76.55 and right now is consolidating around this level. Possibly, the price may break the range to the downside to reach 74.95 and then start another growth to return to 77.40. The market is expected to start a new correction towards 80.37 and then resume falling with the first target at 73.60.

 

[RoboForex]

Murrey Math Lines 31.10.2018 (USDJPY, USDCAD)
31.10.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is no longer trading inside the “oversold zone”. In this case, the price is expected to grow to reach the resistance at the 2/8 level.

In the H1 chart, the price is trading above the 5/8 level and continue falling towards 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 moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

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

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 again and, as a result, continue trading upwards.

 

[RoboForex]

Japanese Candlesticks Analysis 31.10.2018 (EURUSD, USDJPY)
31.10.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has reached the support level once again and right now is forming another correction with Hammer and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns won’t conform the reverse again and the instrument will continue trading downwards.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is testing the resistance level and forming Doji and Shooting Star 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.

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[RoboForex]

Ichimoku Cloud Analysis 31.10.2018 (AUDUSD, NZDUSD, USDCAD)
31.10.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7090; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.7100 and then resume moving downwards to reach 0.7025. 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 0.7135. In this case, the pair may continue growing towards 0.7220. After breaking the channel’s downside border and fixing below 0.6990, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6549; 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 0.6455. 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 0.6575. In this case, the pair may continue growing towards 0.6650.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3124; 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 1.3115 and then continue moving upwards to reach 1.3235. 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 1.3020. In this case, the pair may continue falling towards 1.2935. After breaking the upside border of the Trianglepattern and fixing above 1.3155, the price may continue moving upwards.

 

[RoboForex]

Fibonacci Retracements Analysis 01.11.2018 (AUDUSD, USDCAD)
01.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the daily chart, the convergence is about to complete the long-term downtrend and make AUDUSD start a new trend to the upside. The possible targets may be the retracements of 23.6%, 38.2%, and 5008% at 0.7284, 0.7446, and 0.7578 respectively. The support level is the low at 0.7021.

The H4 chart shows the uptrend as a correction of the previous mid-term downtrend. AUDUSD is trading upwards to reach the retracements of 50.0%, 61.8%, and 76.0% at 0.7168, 0.7202, and 0.7245 respectively.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the divergence is finishing the uptrend; it is making USDCAD reverse and start a new descending correction. The possible targets will be the retracements of 23.6%, 38.2%, 50.0%, and 61.8% at 1.3079, 1.3022, 1.2976, and 1.2930 respectively. The resistance level is the high at 1.3170.

In the H1 chart, the divergence made the pair reverse and start a new downtrend. The closest target is the retracement of 23.8% at 1.3079.

 

[RoboForex]

Forex Technical Analysis & Forecast 01.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
01.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD has reached another downside target. Today, the pair may be corrected to test 1.1360 from below and then fall towards 1.1297. After that, the instrument may start another growth to return to 1.1360 and then resume trading inside the downtrend with the short-term target at 1.1220.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is being corrected towards 1.2855. Possibly, the pair may choose an alternative scenario and continue the correction to reach 1.2980. However, according to the main scenario, the price is expected to continue trading inside the downtrend with the target at 1.2654.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has rebounded from 1.0033 and reached another upside target; right now, it is being corrected towards 1.0060. Later, the market may continue trading inside the uptrend to break 1.0101. According to the main scenario, the pair is expected to continue its growth up to 1.0218.

USDJPY, “US Dollar vs Japanese Yen”

After rebounding from the upside border of the Divergent Triangle pattern, USDJPY has formed another consolidation range and broken it to the downside. Possibly, the price may reach 112.67 and then grow to test 113.02 from below. After that, the instrument may continue trading inside the downtrend towards 111.31. Today, the pair may fall with the first target at 112.32.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7087. Today, the pair may form a new ascending structure towards the upside border at 0.7155 and then resume trading inside the downtrend to return to 0.7087.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still trading in the center of the consolidation range around 65.55 without any particular direction. Possibly, the price may grow to reach the upside border at 66.36 and then resume falling with the short-term target at 63.90.

XAUUSD, “Gold vs US Dollar”

Gold is forming another descending wave towards the target at 1206.04; right now, it is trading upwards to test 1219.60 from below. Later, the market may resume falling to reach the above-mentioned target and complete the correction. After that, the instrument may start another growth towards 1252.30.

BRENT

Brent has reached another downside target. Possibly, today the price may form a new consolidation range near the current lows. The market is expected to break it to the upside and start a new correction towards 80.37. The first upside target is at 77.45.

 

[RoboForex]

Japanese Candlesticks Analysis 01.11.2018 (GOLD, NZDUSD)
01.11.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has completed another correction from the resistance level and formed Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue its ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD has finished another correction with Doji and Inverted Hammer reversal patterns. Right now, the price is testing the resistance level. Judging by the previous movements, it may be assumed that the instrument may test and break the resistance level, and then continue its growth.

 

[RoboForex]

Ichimoku Cloud Analysis 01.11.2018 (AUDUSD, NZDUSD, USDCAD)
01.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7090; 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 0.7105 and then resume moving upwards to reach 0.7205. 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 0.7030. In this case, the pair may continue falling towards 0.7010. After breaking the channel’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 0.6579; 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 0.6545 and then resume moving upwards to reach 0.6635. 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 0.6490. In this case, the pair may continue falling towards 0.6405.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3144; 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 1.3110 and then continue moving upwards to reach 1.3255. 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 1.3025. In this case, the pair may continue falling towards 1.2935.

 

[RoboForex]

Fibonacci Retracements Analysis 06.11.2018 (EURUSD, USDJPY)
06.11.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the convergence made EURUSD start a new correctional uptrend, which has already reached the retracement of 23.6%. The next possible upside targets may be the retracements of 38.2%, 50.0%, and 61.8% at 1.1499, 1.1559, and 1.1619 respectively. The support level is the low at 1.1302.

In the H1 chart, EURUSD has finished the short-term pullback and right now is forming a new rising impulse. If the price breaks the high at 1.1455, the instrument may continue trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1494 and 1.1591 respectively. The local support is at 1.1353.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the uptrend has reached the retracement of 61.8%. The next upside target may be the retracement of 76.0% at 113.79. However, the key target is the high at 114.55. The support level is at 112.58.

In the H1 chart, the pair is being corrected upwards. However, there is a divergence, which may indicate a possible short-term pullback to the downside in the nearest future.

 

[RoboForex]

Forex Technical Analysis & Forecast 06.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
06.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed the descending impulse along with the correction; it has almost formed another consolidation range. Today, the pair may fall to break 1.1348. The short-term target is at 1.1269. However, the market may try to break the range upwards to reach 1.1476 and then resume trading inside the downtrend with the target at 1.1150 (an alternative scenario).

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating at the top of the ascending wave. Possibly, the pair may break 1.3019 and expand the range towards 1.3080. Later, the market may resume trading inside the downtrend and form the fifth wave with the target at 1.2654.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has rebounded from 1.0036 upwards. Possibly, the price may continue trading inside the uptrend to reach 1.0121. After that, the instrument may start a new correction towards 1.0044.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the consolidation range around 113.21 and right now is trading to break it upwards. Possibly, the price may form one more ascending structure towards 113.68 and then resume falling to return to 113.21. After that, the instrument may start another growth with the target at 113.86 (an alternative scenario). According to the main scenario, the pair is expected to continue trading inside the downtrend with the target at 111.00.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is being corrected upwards. Possibly, today the price may reach the correctional target at 0.7220 and then start another decline to break 0.7181. The short-term target is at 0.7138.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating above 65.60. Today, the pair may test this level from above and then start another growth to reach 65.90. Later, the market may resume falling with the short-term target at 64.70.

XAUUSD, “Gold vs US Dollar”

Gold has completed the correction and right now is trading to rebound from 1233.06. Possibly, today the price may fall to break 1226.86. The short-term target is at 1223.20.

BRENT

Brent is consolidating near the lows and forming the Divergent Triangle pattern. Today, the pair may fall to reach 71.95 and then trade upwards with the target at 74.67. After that, the instrument may move downwards to complete the first descending wave at 71.40 and then start a new correction with the target at 80.37.

 

[RoboForex]

Japanese Candlesticks Analysis 06.11.2018 (GOLD, NZDUSD)
06.11.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is forming another correction from the resistance level with Doji, Shooting Star, and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue its ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD has reached the resistance level and formed Hanging Man, Gravestone Doji, and Shooting Star reversal patterns. Right now, the price is being corrected from the resistance level again. Judging by the previous movements, it may be assumed that the instrument may complete the pullback, break the resistance level, and then continue its growth.

 

[RoboForex]

Murrey Math Lines 06.11.2018 (AUDUSD, NZDUSD)
06.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

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

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

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD is trading above the 5/8 level and may continue growing towards the resistance at the 8/8one.

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 moving upwards.

 

[RoboForex]

Ichimoku Cloud Analysis 06.11.2018 (AUDUSD, NZDUSD, USDCAD)
06.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7220; 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 0.7185 and then resume moving upwards to reach 0.7285. 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 0.7115. In this case, the pair may continue falling towards 0.7025.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6657; 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 0.6635 and then resume moving upwards to reach 0.6715. 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 0.6560. In this case, the pair may continue falling towards 0.6455.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3105; 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 1.3090 and then continue moving upwards to reach 1.3220. 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 1.3050. In this case, the pair may continue falling towards 1.2965. After breaking the channel’s upside border and fixing above 1.3165, the price may continue moving upwards.

 

[RoboForex]

Fibonacci Retracements Analysis 07.11.2018 (GBPUSD, EURJPY)
07.11.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has already reached the retracement of 76.0%. In case the uptrend continues, the target will be at 1.3257. In addition to that, one should note that the key mid-term correctional target will be the retracement of 38.2% at 1.3315.

In the H1 chart, there is a divergence, which may indicate a new pullback to the downside. The possible targets are the retracements of 23.6%, 38.2%, and 50.0% at 1.3042, 1.2974, and 1.2921 respectively. The resistance level is the high at 1.3148.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the correctional uptrend has reached the retracement of 50.0%. The next possible targets are the retracements of 61.8% and 76.0% at 130.64 and 131.57 respectively. The support level is the low at 126.63.

In the H1 chart, there is a divergence, which may indicate a short-term tendency reverse. The correctional downside targets may be the retracements of 23.6%, 38.2%, and 50.0% at 129.35, 129.02, and 128.75 respectively.