Technical Analysis by RoboForex

[RoboForex]

Forex Technical Analysis & Forecast 07.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
07.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD has rebounded from 1.1391 upwards and right now is still trading according to an alternative scenario to continue the correction towards 1.1486. Today, the pair may fall to reach 1.1440 and then form one more ascending structure towards 1.1486 to complete this correctional wave. After that, the instrument may consolidate near the lows and form a reversal pattern. If the market breaks the range to the downside, the price may resume trading inside the downtrend with the first target at 1.1320.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading upwards to expand the consolidation range. Possibly, today the pair may form a new descending structure to reach 1.2952 and then grow towards 1.3020. Later, the market may resume falling to return to 1.2952 to break it and then continue trading inside the downtrend with the short-term target at 1.2750.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating above 0.9986. Today, the pair may expand the range downwards to reach 0.9975. After that, the instrument may start another growth with the short-term target at 1.0106.

USDJPY, “US Dollar vs Japanese Yen”

After rebounding from 113.20, USDJPY has reached the upside target at 113.80 and almost completed the correction. Possibly, today the price may form a new descending structure to return to 113.20 to break it. The first target is at 112.58.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating at the top; it has expanded the range and reached a new high. Today, the pair may fall towards 0.7182 and then grow to reach 0.7221. Later, the market may start another decline with the target at 0.7090.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading downwards to reach 65.60. After that, the instrument may towards 66.02 and then resume falling with the short-term target at 64.69.

XAUUSD, “Gold vs US Dollar”

Gold is still being corrected and forming the Flag pattern. Today, the pair may form a new descending structure to reach 1221.57 resume growing towards 1229.10. If later the price breaks 1221.57 to the downside, the instrument may continue the correction towards 1206.05. However, if the market breaks 1230.00 to the upside, the price may continue trading inside the uptrend with the target at 1252.30.

BRENT

Brent is consolidating near the lows; it has completed the descending structure towards 71.40 and reached the first target of the entire descending wave. Possibly, today the price may grow to reach 74.67 and then fall towards 72.95. Later, the market may form one more ascending structure to break 74.67 and, as a result, start a new correction with the target at 80.37.

 

[RoboForex]

Murrey Math Lines 07.11.2018 (USDJPY, USDCAD)
07.11.2018
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 3/8 level.

In the H1 chart, the price is trading above the 5/8 level and may continue growing towards the 8/8 one.

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

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD may test the resistance at the 8/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.

In the H1 chart, the price break the 5/8 level and continue trading downwards to reach the first target at the 3/8 one.

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[RoboForex]

Ichimoku Cloud Analysis 07.11.2018 (AUDUSD, NZDUSD, USDCAD)
07.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7239; 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 0.7210 and then resume moving upwards to reach 0.7330. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s 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 0.7120. In this case, the pair may continue falling towards 0.7025.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6747; 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 0.6725 and then resume moving upwards to reach 0.6845. 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 0.6565. In this case, the pair may continue falling towards 0.6455.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3133; 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 1.3115 and then continue moving upwards to reach 1.3235. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s 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 1.3055. 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]

Japanese Candlesticks Analysis 07.11.2018 (USDCAD, AUDUSD)
07.11.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is trading sideways below the resistance level and forming Engulfing, Hanging Man, and Doji reversal patterns. Judging by the previous movements, right now it may be assumed that after testing the resistance level 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 resistance level and forming Engulfing, Doji, and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume moving inside the uptrend.

 

[RoboForex]

Fibonacci Retracements Analysis 08.11.2018 (AUDUSD, USDCAD)
08.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still being corrected to the upside after finishing the previous long-term downtrend and has already reached the retracement of 23.6%. The next possible targets may be the retracements of 38.2% and 50.0% at 0.7447 and 0.7578 respectively. The support level is the low at 0.7021.

In the H1 chart, the uptrend has reached the post-correctional extension area between the retracements of 138.2% and 161.8%. The next target may be the retracement of 261.8% at 0.7382. However, there is a divergence on MACD, which may indicate a new pullback in the nearest future towards the support level at 0.7182.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the divergence made USDCAD reverse and start a new descending correction, which has already reached the retracement of 23.6%. The next possible targets may be the retracements of 38.2%, 50.0%, and 61.8% at 1.3023, 1.2976, and 1.2931 respectively. The resistance level is the high at 1.3170. If the price breaks it, the instrument may continue trading to reach the retracement of 76.0% at 1.3241.

In the H1 chart, the pair is moving sideways. The next descending impulse may trade towards the retracements of 38.2% and 50.0% at 1.3023 and 1.2976 respectively.

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[RoboForex]

Forex Technical Analysis & Forecast 08.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
08.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD is forming the first descending impulse. Today, the pair may grow to reach 1.1455 and then form one more descending structure towards 1.1410. After that, the instrument may be corrected to return to 1.1455 and then resume trading inside the downtrend with the first target at 1.1320.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is also forming the first descending impulse. Possibly, today the pair may reach 1.3046 and then grow towards 1.3110. Later, the market may resume falling with the first target at 1.2915.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is growing towards 1.0038. Today, the pair may reach this level and then start a new correction with the target at 0.9992. After that, the instrument may form one more ascending structure towards 1.0089.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading upwards to reach 112.95. The target of this structure is at 113.82. Later, the market may form a new descending structure to reach the first target at 112.58.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed the descending impulse along with the correction. Today, the pair may fall to break 0.7264. The target is at 0.7211. Later, the market may be corrected towards 0.7257.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading above 65.60. Possibly, today the price may form one more ascending structure towards 66.40 and then resume falling with the target at 65.60. After that, the instrument may start another growth to reach 66.00.

XAUUSD, “Gold vs US Dollar”

Gold is trading downwards. Possibly, the price may reach 1221.57 and then resume growing towards 1229.07, thus forming theTriangle pattern. If later the price breaks the pattern to the downside, the instrument may continue falling towards 1206.05; if to the upside – resume trading inside the uptrend with the target at 1252.30.

BRENT

Brent is still consolidating near the lows. Possibly, today the price may grow to break 73.64 and then continue trading upwards with the first target at 75.88. The market is expected to start a new correctional wave.

 

[RoboForex]

Murrey Math Lines 08.11.2018 (USDCHF, GOLD)
08.11.2018
USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to continue growing to reach the resistance at the 3/8 level.

In the H1 chart, USDCHF is no longer trading inside the “oversold zone” and may continue trading upwards to reach the resistance at the 3/8 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”

As we can see in the H4 chart, XAUUSD is consolidating. In this case, the price is expected to resume trading downwards to reach the support at the 3/8 level.

In the H1 chart, the pair is trading below the 3/8 level and may continue falling towards the support at the 1/8 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]

Japanese Candlesticks Analysis 08.11.2018 (EURUSD, USDJPY)
08.11.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is forming another correction from the resistance level with Hammer, Harami, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the pullback the instrument will resume trading upwards.

USDJPY, “US Dollar vs. Japanese Yen”

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

 

[RoboForex]

Ichimoku Cloud Analysis 08.11.2018 (AUDUSD, NZDUSD, USDCAD)
08.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7290; 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 0.7255 and then resume moving upwards to reach 0.7370. 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 0.7220. In this case, the pair may continue falling towards 0.7125.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6793; 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 0.6745 and then resume moving upwards to reach 0.6875. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s 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 0.6700. In this case, the pair may continue falling towards 0.6625.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3110; 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 1.3075 and then continue moving upwards to reach 1.3215. 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 upside border of the Triangle pattern and fixing above 1.3165, the price may continue moving upwards.

 

[RoboForex]

Fibonacci Retracements Analysis 12.11.2018 (GOLD, USDCHF)
12.11.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after reaching the retracement of 38.2%, XAUUSD has started a new descending impulse. The possible targets may be the retracements of 61.8% and 76.0% at 1191.94 and 1180.24 respectively. However, the key short-term target is the low at 1160.13. The local resistance is the high at 1243.41. If the price breaks it, the instrument may continue growing to reach the retracement of 50.0% at 1262.50.

In the H1 chart, the pair is trading downwards to reach the retracement of 50.0% at 1201.84.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, after being corrected by 23.6%, USDCHF has started a new rising impulse. If the price breaks the high at 1.0095 and fixes above it, the instrument may continue trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0149 and 1.0184 respectively.

In the H1 chart, the pair is testing the high. Possibly, the price may break it and then continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0149 and 1.0184 respectively.

 

[RoboForex]

Forex Technical Analysis & Forecast 12.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
12.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD is forming the fifth descending wave; it has already reached the target of this wave’s first structure. Possibly, the price may be corrected towards 1.1380 and then resume falling with the short-term predicted target at 1.1265. After that, the instrument may test 1.1300 from below and then resume trading inside the downtrend with the main target at 1.1150.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is also forming the fifth descending wave; it has already reached the target of this wave’s first structure. Possibly, today the pair may start a new correction to 1.3053 and then resume falling to reach the short-term predicted target at 1.2800. Later, the market may test 1.2913 from below and then resume trading inside the downtrend towards the main target at 1.2655.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still growing; it is forming the first structure of the fifth ascending wave. The target is at 1.0170. After that, the instrument may be corrected towards 1.0063 and then start another growth to reach the short-term target at 1.0266.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached the target of the fifth ascending structure. Possibly, today the price may consolidate near the highs. If later the pair breaks 113.64 to the downside, the instrument may form a new descending structure with the first target at 112.57. Later, the market may resume growing towards 113.64.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming the first descending wave with the target at 0.7205. After that, the instrument may start a new correction to reach 0.7252 and then resume trading inside the downtrend with the short-term target at 0.7137.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still growing. Possibly, the price may be corrected towards 68.10. Today, the pair may consolidate near the current levels. If later the instrument breaks this range to the downside, the market may form one more descending structure to reach 66.50 and then resume growing to return to 68.10.

XAUUSD, “Gold vs US Dollar”

Gold is falling towards 1206.30. After that, the instrument may resume growing to reach 1220.20 and then start another decline with the target at 1200.00. The market is expected to form the five-wave Flag correctional pattern.

BRENT

Brent has returned to 71.38. Today, the pair may fall to reach 70.30, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may start a new correction to reach 73.50; if to the downside – expand the range towards 68.50.

 

[RoboForex]

Murrey Math Lines 12.11.2018 (EURUSD, GBPUSD)
12.11.2018
EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.

As we can see in the H1 chart, the pair has broken the 3/8 level and may continue trading downwards to reach 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.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is expected to test the support at the 3/8 level, rebound from it, and then resume growing towards the resistance at 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 downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

 

[RoboForex]

Japanese Candlesticks Analysis 12.11.2018 (USDCAD, AUDUSD)
12.11.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still being corrected below the resistance level and forming Harami, Hanging Man, and Doji reversal patterns. Judging by the previous movements, right now it may be assumed that after completing the correction the instrument may continue its ascending movement.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has rebounded from the resistance level and formed Hanging Man, Engulfing, and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume moving inside the uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 12.11.2018 (AUDUSD, NZDUSD, USDCAD)
12.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7208; 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 0.7190 and then resume moving upwards to reach 0.7315. 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 0.7130. In this case, the pair may continue falling towards 0.7025.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6675; 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 0.6675 and then resume moving upwards to reach 0.6850. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s 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 0.6590. In this case, the pair may continue falling towards 0.6505.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3193; 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 1.3160 and then continue moving upwards to reach 1.3320. 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 1.3080. In this case, the pair may continue falling towards 1.2995.

 

[RoboForex]

Fibonacci Retracements Analysis 13.11.2018 (EURUSD, USDJPY)
13.11.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD has broken the previous low and right now is still falling. The possible downside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1104 and 1.0984 respectively. The resistance level is at 1.1500.

In the H1 chart, EURUSD is trading downwards. In the nearest future, the price may be corrected to reach 1.1300.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is forming another ascending impulse inside the long-term uptrend. The closest target is the high at 114.55. If the price breaks it, the instrument may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 115.75 and 116.50 respectively. The local support is at 112.96.

In the H1 chart, the pair has been corrected by 50.0% and right now is forming a new impulse to the upside.

 

[RoboForex]

Ichimoku Cloud Analysis 13.11.2018 (AUDUSD, NZDUSD, USDCAD)
13.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7207; 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 0.7200 and then resume moving upwards to reach 0.7335. 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 0.7130. In this case, the pair may continue falling towards 0.7025.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6748; 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 0.6725 and then resume moving upwards to reach 0.6870. 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 0.6645. In this case, the pair may continue falling towards 0.6555.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3225; 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 1.3180 and then continue moving upwards to reach 1.3345. 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 1.3085. In this case, the pair may continue falling towards 1.2995.

 

[RoboForex]

Forex Technical Analysis & Forecast 13.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
13.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still forming the fifth descending wave; right now, it is consolidating around 1.1246. Possibly, today the price may grow towards 1.1285 and then fall to reach 1.1195. According to the main scenario, the pair may continue trading inside the downtrend with the main target at 1.1150. An alternative scenario implies that the price may start a new correction towards 1.1320.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is also forming the fifth descending wave; right now, it is consolidating around 1.2893. If later the instrument breaks this range to the downside, the price may form one more descending structure to reach 1.2733; if to the upside – start a new correction towards 1.2996. The main target of the entire descending wave is at 1.2655.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still growing; it is forming the first structure of the fifth ascending wave. The target is at 1.0170. After that, the instrument may be corrected towards 1.0063 and then start another growth to reach the short-term target at 1.0266.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating at the top. Possibly, the price may form a reversal pattern. If later the pair breaks 113.61 to the downside, the instrument may form a new descending impulse with the target at 112.98. Later, the market may start another correction towards 113.61.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the target of the first descending impulse; right now, it is being corrected towards 0.7232. After that, the instrument may resume trading inside the downtrend with the short-term target at 0.7107.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating above 67.53. If later the instrument breaks this range to the downside, the price may form one more descending structure to reach 66.50; if to the upside – resume growing to complete the correction at 68.10.

XAUUSD, “Gold vs US Dollar”

Gold has completed the descending wave. Today, the pair may start a new ascending structure towards 1207.55 and then fall to reach 1204.15, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may resume growing to reach 1222.20; if to the downside – form one more descending structure with the target at 1193.80.

BRENT

Brent has finished another descending structure. Today, the pair may grow to reach 71.33 and then resume falling towards 70.00. If later the instrument breaks 71.33 to the upside, the price may start a new growth with the first target at 73.88.

 

[RoboForex]

Ichimoku Cloud Analysis 13.11.2018 (AUDUSD, NZDUSD, USDCAD)
13.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7207; 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 0.7200 and then resume moving upwards to reach 0.7335. 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 0.7130. In this case, the pair may continue falling towards 0.7025.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6748; 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 0.6725 and then resume moving upwards to reach 0.6870. 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 0.6645. In this case, the pair may continue falling towards 0.6555.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3225; 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 1.3180 and then continue moving upwards to reach 1.3345. 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 1.3085. In this case, the pair may continue falling towards 1.2995.

 

[RoboForex]

Murrey Math Lines 13.11.2018 (AUDUSD, NZDUSD)
13.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is consolidating. In this case, the pair is expected to break the 5/8 level and continue growing towards the resistance at the 6/8 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 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 above the 5/8 level and may continue growing towards the resistance at the 8/8 one.

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

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 14.11.2018 (GBPUSD, EURJPY)
14.11.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after being corrected to the upside by 76.0%, GBPUSD has started a new descending impulse. Possibly, right now the price is forming a mid-term sideways channel between 1.2662 and 1.3298. If the pair breaks the resistance at 1.3298, the instrument may continue growing to reach the retracement of 50.0% at 1.3517.

In the H1 chart, GBPUSD is being corrected upwards and has already reached the retracement of 61.8%. The next targets may be the retracement of 76.0% at 1.3090 and the high at 1.3174. The support level is the local low at 1.2827.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the correctional downtrend has reached the retracement of 76.0%. Right now, the price is forming a new rising impulse. The closest upside target may be the high at 130.15. If the price breaks it, the instrument may continue growing to reach the retracements of 61.8% and 76.0% at 130.65 and 131.56.

In the H1 chart, the correctional uptrend continues; it has already reached the retracement of 50.0%. The next possible upside targets may be the retracements of 61.8% and 76.0% at 129.14 and 129.52 respectively.