Technical Analysis by RoboForex

[RoboForex]

Forex Technical Analysis & Forecast 22.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
22.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed the descending impulse (considered as the “Flagpole”) along with the correction (considered as the “Flag”) and broken the pattern to the downside. Possibly, today the price may form one more ascending structure towards 1.1405 and then resume falling to reach 1.1344. And that’s just a half of this descending wave. The short-term first target is at 1.1277.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating to break 1.2794 to the downside. Today, the pair may fall with the short-term target at 1.2710 and then start another growth to return to 1.2794. Later, the market may resume falling to reach 1.2655.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9945. If later the instrument breaks this range to the upside, the price may reach 0.9977; if to the downside – form a new descending structure towards 0.9888 and then resume trading inside the downtrend with the first target at 1.0007.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the first ascending structure. Possibly, today the price may start a new decline towards 112.70 and then grow to complete the correction at 113.40.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished the descending impulse along with the correction. Today, the pair may fall to break 0.7188 and then continue trading inside the downtrend with the short-term target at 0.7100.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating above 65.75. Possibly, today the price may form a new descending structure towards 65.37 and then resume growing to reach 65.76. If later the instrument breaks this range to the downside, the price may continue falling inside the downtrend with the short-term target at 63.43; if to the upside – start a new correction towards 66.50 and then resume trading downwards.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1224.76. Today, the price may reach 1219.42 and then start another growth to return to 1224.76. After that, the instrument may resume falling with the first target at 1210.33.

BRENT

Brent is consolidating above 62.60. If later the instrument breaks this range and 64.44 to the upside, the price may start a new growth to reach the first target at 68.88; if to the downside – resume trading inside the downtrend towards 60.60 and then form one more ascending structure to reach the above-mentioned target.

 

[RoboForex]

Murrey Math Lines 22.11.2018 (USDCHF, GOLD)
22.11.2018
USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is trading below the 3/8 level and may continue falling to reach 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.

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

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is trading close to the 5/8 level. If the price breaks it, the instrument may resume trading upwards to reach the resistance at the 7/8 one.

In the H1 chart, the pair is trading above the 5/8 level and may continue growing towards the first target 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.

 

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[RoboForex]

Ichimoku Cloud Analysis 26.11.2018 (AUDUSD, NZDUSD, USDCAD)
26.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7246; 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 0.7255 and then resume moving downwards to reach 0.7120. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7290. In this case, the pair may continue growing towards 0.7365. After breaking the channel’s downside border and fixing below 0.7185, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6792; 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 0.6795 and then resume moving downwards to reach 0.6635. 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 0.6845. In this case, the pair may continue growing towards 0.6955.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3206; 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 1.3190 and then resume moving upwards to reach 1.3340. 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 1.3145. In this case, the pair may continue falling towards 1.3045.

 

[RoboForex]

Forex Technical Analysis & Forecast 26.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
26.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD has broken the low of the descending impulse and right now is still trading downwards. Possibly, today the pair may fall with the short-term target at 1.1270. After that, the instrument may start a new correction towards 1.1360 and then resume trading inside the downtrend to reach 1.1230.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating; right now, it is trading close to its downside border. Today, the pair may reach the short-term target at 1.2650.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9960 upwards and right now is trading upwards with the short-term target at 0.9997. Later, the market may return to 0.9960 and then start another growth towards 1.0007.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading upwards to reach 113.41. After that, the instrument may form a new descending structure to break 112.58 and then continue falling inside the downtrend with the short-term target at 111.72.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7236; right now, it is trading downwards to reach 0.7188. If later the instrument breaks this level to the downside, the price may continue trading inside the downtrend with the short-term target at 0.7100.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading upwards; it has broken 66.11 to the upside and many continue growing towards 66.90. Later, the market may resume trading to reach 64.40.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1224.60. Possibly, the price may form a new descending structure to reach 1219.00 and then start another growth to return to 1224.60. Later, the market may break this range to the downside and resume falling with the first target at 1206.70.

BRENT

Brent is consolidating above 59.00. Possibly, the price may form one more ascending structure to reach 65.65 and then resume falling towards 62.00. After that, the instrument may form the third structure with the short-term target at 68.88.

 

[RoboForex]

Japanese Candlesticks Analysis 26.11.2018 (EURUSD, USDJPY)
26.11.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is forming another pullback from the resistance level and forming Hammer, Engulfing, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction the instrument may continue moving to the upside.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from the resistance level and formed Hammer, Inverted Hammer, and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may continue its ascending tendency.

 

[RoboForex]

Murrey Math Lines 26.11.2018 (EURUSD, GBPUSD)
26.11.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD couldn’t break the 3/8 level last Friday and right now is trading below it. In this case, the price may continue falling towards the support at the 0/8 level.

In the H1 chart, the pair may break the 3/8 level and continue falling 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 trading downwards.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is trading below the 3/8 level and may 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 26.11.2018 (GOLD, USDCHF)
26.11.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has slowed down its ascending movement. In case it continues, the target may be the retracement of 76.0% at 1232.00 and the current high at 1243.41. If the price breaks the high, it may grow towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1261.25 and 1272.55 respectively. The key support level is at 1196.26.

In the H1 chart, the divergence made the pair start a new decline, which has already reached the retracement of 23.6%. The next targets may be the retracements of 38.2% and 50.0% at 1217.24 and 1213.20 respectively. If the price breaks the local high at 1230.03, the instrument may continue growing towards the high at 1243.41.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, after reaching the retracement of 38.2% at 0.9904, USDCHF has started a new pullback. The possible targets may be the retracements of 50.0% and 61.8% at 0.9836 and 0.9765 respectively. The resistance level is the high at 1.0128.

In the H1 chart, the pair is being corrected to the upside. The targets of this pullback may be the retracements of 38.2% and 50.0% at 0.9993, and 1.0018 respectively.

 

[RoboForex]

Forex Technical Analysis & Forecast 27.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
27.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1348. Possibly, today the pair may test this level from below and then fall towards 1.1311. After that, the instrument may form one more ascending structure to return to 1.1348 and then resume trading inside the downtrend with the short-term target at 1.1266.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating. Today, the pair may fall to break 1.2770 and then continue falling with the short-term target at 1.2650.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading upwards with the target at 0.9988. Later, the market may resume falling towards 0.9960 and then start another growth towards the first target at 1.0007.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the ascending wave. Possibly, today the pair may form the first descending impulse towards 113.15. After that, the instrument may start another growth to reach 113.35 and then resume falling inside the downtrend with the target at 112.55.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7230. Today, the pair may break this level downwards and reach the target at 0.7185. And that’s just a half of the third descending wave. The key target is at 0.7100.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has returned to 66.90. Possibly, today the pair may form a new consolidation range at the top. Later, the market may resume falling to break 65.60 and then continue trading inside the downtrend with the short-term target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold is trading downwards with the target at 1218.24. After that, the instrument may grow to reach 1224.17, thus forming another consolidation range with a reversal pattern at the top. Later, the market may break 1218.00 to the downside and continue trading inside the downtrend with the target at 1190.10.

BRENT

Brent is forming the first ascending impulse towards 61.42. Later, the market may form a new descending structure to reach 59.95 and then resume growing with the first target at 65.65.

 

[RoboForex]

Ichimoku Cloud Analysis 27.11.2018 (AUDUSD, NZDUSD, USDCAD)
27.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7236; 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 0.7250 and then resume moving downwards to reach 0.7125. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7285. In this case, the pair may continue growing towards 0.7365. After breaking the channel’s downside border and fixing below 0.7200, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6779; 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 0.6795 and then resume moving downwards to reach 0.6640. 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 0.6845. In this case, the pair may continue growing towards 0.6955.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3248; 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 1.3220 and then resume moving upwards to reach 1.3360. 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 1.3195. In this case, the pair may continue falling towards 1.3085.

 

[RoboForex]

Japanese Candlesticks Analysis 27.11.2018 (GOLD, NZDUSD)
27.11.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has completed another growth; right now, it is still testing the resistance level and forming Hanging Man and Shooting Star reversal patterns. In the nearest future, the pair may be corrected again. Judging by the previous movements, it may be assumed that after finishing the pullback the instrument may start a new ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is still being corrected from the resistance level and forming Harami, Shooting Star, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after completing the pullback the instrument may continue its growth.

 

[RoboForex]

Murrey Math Lines 27.11.2018 (AUDUSD, NZDUSD)
27.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is trading close to the 5/8 level and may fall towards the support at the 3/8 one.

As we can see in the H1 chart, the pair is trading below the 3/8 level and may continue falling to reach the 0/8 one.

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

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD is no longer trading inside the “overbought zone”. In this case, the price may continue falling towards the support at the 5/8 level.

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

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling.

 

[RoboForex]

Fibonacci Retracements Analysis 27.11.2018 (EURUSD, USDJPY)
27.11.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD is slowing down the current descending wave inside the mid-term correction. A new ascending impulse may be heading towards the high at 1.1472. The key correctional targets will be the retracements of 50.0% and 61.8% at 1.1516 and 1.1587 respectively. However, one shouldn’t exclude another possible plunge. If the price breaks the low at 1.1216, the instrument will continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1118 and 1.1058 respectively.

In the H1 chart, EURUSD is testing the retracement of 50.0%. Later, the price is expected to resume falling towards 1.1314. At the same time, there is a convergence on MACD, which may indicate a new rising impulse to reach the high at 1.1475.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after being corrected by 61.8%, USDJPY started a new ascending impulse. The upside targets may be at 114.20 and 114.55. The support level is at 112.79.

In the H1 chart, the pair is testing the retracement of 61.8%. Possibly, the price may break it and continue growing towards the retracement of 50.0% at 113.75. The local support is at 113.03.

 

[RoboForex]

Ichimoku Cloud Analysis 28.11.2018 (AUDUSD, NZDUSD, USDCAD)
28.11.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7238; 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 0.7255 and then resume moving downwards to reach 0.7120. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7285. In this case, the pair may continue growing towards 0.7365. After breaking the channel’s downside border and fixing below 0.7200, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6797; 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 0.6820 and then resume moving downwards to reach 0.6640. 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 0.6840. In this case, the pair may continue growing towards 0.6955.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3303; 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 1.3255 and then resume moving upwards to reach 1.3470. 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 1.3195. In this case, the pair may continue falling towards 1.3085.

 

[RoboForex]

Forex Technical Analysis & Forecast 28.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
28.11.2018
EURUSD, “Euro vs US Dollar”

EURUSD has broken its consolidation range to the downside and reached the short-term target of the third descending wave; right now, it is consolidating. Possibly, today the pair may be corrected to reach 1.1324 and then fall with the short-term target at 1.1266.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still forming the fifth descending structure with the target at 1.2650. Today, the pair may grow towards 1.2777. After that, the instrument may fall to reach 1.2696 and then form one more ascending structure to return to 1.2777. Later, the market may resume falling inside the downtrend towards the above-mentioned target.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached the short-term upside target. Possibly, today the pair may be corrected towards 0.9967 and then start another growth to reach 1.0007. Later, the market may form a new correction to return to 0.9967 and then resume trading upwards with the target at 1.0063.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the third ascending wave at 113.85. Possibly, today the pair may form a new descending structure towards 113.24 and then resume trading upwards to reach 114.17, thus forming form the Double Top pattern.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7230. Today, the pair may break this level downwards and reach the target at 0.7185. And that’s just a half of the third descending wave. The key target is at 0.7100.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating at the top. Possibly, today the pair may fall to break 65.60 and then continue forming the third descending wave with the short-term target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold has completed the first descending wave; right now, it is consolidating. Possibly, the pair may be corrected upwards to reach 1220.50. After that, the instrument may continue trading inside the downtrend with the short-term target at 1197.80.

BRENT

Brent is forming the first ascending impulse towards 61.50. Later, the market may form a new descending structure to reach 59.95 and then resume growing towards the short-term target of the first ascending wave at 66.70.

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[RoboForex]

Murrey Math Lines 28.11.2018 (USDJPY, USDCAD)
28.11.2018
USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to continue growing into the “overbought zone” towards the +1/8 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.

USDCAD, “US Dollar vs Canadian Dollar”

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

In the H1 chart, the price may break the 5/8 level and then 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]

Forex Technical Analysis & Forecast 03.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
03.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has formed another consolidation range around 1.1347 and expanded it towards 1.1365; right now, it is trading upwards and trying to return to an alternative scenario and grow towards 1.1500. Possibly, the pair may return to 1.1347, thus forming a new consolidation range between this level and 1.1365. If later the instrument breaks this range to the upside, the price may form one more ascending structure to reach 1.1388 and then resume falling towards 1.1347; if to the downside – continue trading inside the downtrend with the target at 1.1295.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating around 1.2777. Possibly, today the pair may continue trading inside the downtrend towards 1.2698. After that, the instrument may start another growth to reach 1.2760 and then resume falling with the target at 1.2650.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has formed another consolidation range around 0.9977. According to the main scenario, the price is expected to trade upwards and reach 1.0007. Later, the market may fall to return o 0.9977. If later the instrument breaks this range to the upside, the price may continue trading inside the uptrend with the target at 1.0400; if to the downside – continue the correction towards 0.9888 (an alternative scenario).

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has formed another consolidation range around 113.48. Possibly, the pair may trade upwards to reach 113.83 and then fall to return to 113.48. After that, the instrument may form one more ascending structure towards 114.15 and then resume falling with the first target at 112.95.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading upwards. Possibly, the pair may reach 0.7393 and then fall towards 0.7282, thus expanding the consolidation range both upwards and downwards. Later, the market may break the range to the downside and continue falling inside the downtrend with the first target at 0.7180.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has broken 66.20 downwards. Today, the pair may fall to break 65.60 and then continue trading inside the downtrend with the short-term target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards; it has broken 1224.10 and may choose an alternative scenario to continue growing towards 1231.62. After that, the instrument may fall to return to 1224.10 and then form one more ascending structure with the target at 1237.05.

BRENT

Brent is forming a new descending structure. Today, the pair may reach 62.76 and then resume falling towards 60.80. Later, the market may form one more ascending structure with the first target at 64.10.

 

[RoboForex]

Japanese Candlesticks Analysis 03.12.2018 (USDCAD, AUDUSD)
03.12.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the market has opened with a gap; USDCAD has rebounded from the resistance level and formed Long-Legged Doji pattern. Judging by the previous movements, right now it may be assumed that after finishing the correction, the instrument may break the level to continue its ascending movement.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the market has opened with a gap; AUDUSD has broken the resistance level and formed Harami and Doji 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 03.12.2018 (AUDUSD, NZDUSD, USDCAD)
03.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7360; 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 0.7320 and then resume moving upwards to reach 0.7455. 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 0.7265. In this case, the pair may continue falling towards 0.7155. After breaking the channel’s upside border and fixing above 0.7410, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6906; 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 0.6885 and then resume moving upwards to reach 0.6985. 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 0.6820. In this case, the pair may continue falling towards 0.6685.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3203; 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 1.3230 and then resume moving downwards to reach 1.3050. 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 1.3305. In this case, the pair may continue growing towards 1.3395.

 

[RoboForex]

Murrey Math Lines 03.12.2018 (EURUSD, GBPUSD)
03.12.2018
EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD may break the 2/8 level and then continue growing towards the resistance at the 4/8 one.

As we can see in the H1 chart, the pair is consolidating. In this case, the price is expected to break the 5/8 level and continue growing 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, continue trading upwards.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is still expected to continue falling towards the support at the 0/8 level.

In the H1 chart, the pair is trading below the 3/8 level and continue moving downwards to reach the support at the 0/8 level.

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.