Technical Analysis by RoboForex

[RoboForex]

Fibonacci Retracements Analysis 11.12.2018 (EURUSD, USDJPY)
11.12.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the mid-term correction continues. EURUSD has reached the resistance at the retracement of 38.2% and rebounded from it. If later the price breaks this level and fixed above it, the instrument may continue growing towards the retracements of 50.0% and 61.8% at 1.1516 and 1.1587 respectively. The key support level is at 1.1216.

In the H1 chart, the divergence made EURUSD reverse and start a new descending correction, which has already reached the retracement of 50.0%. The next downside target of this pullback may be the retracements of 61.8% and 76.0% at 1.1334 and 1.1309 respectively. However, if the price breaks the local high at 1.1442, the instrument may start a new mid-term uptrend.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has completed the previous descending impulse near the retracement of 23.6% at 112.20. If the price breaks the current support level, it may continue the mid-term correctional downtrend towards the previous low at 111.37 or even the retracement of 38.2% at 110.76. The key resistance is still at 114.55.

In the H1 chart, the convergence made the pair start a new correctional uptrend, which has already reached the retracement of 61.8%. Later, it may continue growing towards the retracement of 76.0% at 113.30. The key resistance is the current high at 114.03.

 

[RoboForex]

Forex Technical Analysis & Forecast 12.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
12.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed another descending impulse, which may be considered as the third wave inside the downtrend with the target at 1.1310. Possibly, today the pair may be corrected to reach 1.1344 and then form the fifth structure towards 1.1266.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed another ascending structure towards 1.2638; right now, it is still trading downwards with the target at 1.2470. Today, the pair may form one more ascending structure to reach 1.2550 and then start a new decline towards the above-mentioned target. Later, the market may start another growth to return to 1.2550.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9900 upwards and reached its short-term target. Possibly, today the pair may return to 0.9900 and then form one more ascending structure with the first target at 0.9947. Later, the market may be corrected to return to 0.9900 one more time and then continue trading inside the uptrend with the target at 1.0000.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached its upside target. Today, the pair may form a new descending structure with the first target at 112.70 and then grow to reach 113.10. After that, the instrument may start a new decline to break 112.42 and then continue trading inside the downtrend with the short-term target at 111.40.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7200. Possibly, today the pair may grow towards 0.7245 and then fall to return to 0.7200. If later the instrument breaks this range to the upside, the price may be corrected to reach 0.7277; if to the downside – resume trading inside the downtrend with the short-term target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating in the center of the range around 66.47. Today, the pair may expand the range towards 65.73. In case the price breaks the range to the downside, the instrument may continue trading inside the downtrend with the short-term target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1243.38. Possibly, the pair may be corrected downwards to reach 1235.90 and then start another growth towards 1252.30.

BRENT

Brent is still consolidating around 60.10. Possibly, the pair may form a new descending structure to reach 58.30. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend with the short-term target at 67.77.

 

[RoboForex]

Ichimoku Cloud Analysis 12.12.2018 (AUDUSD, NZDUSD, USDCAD)
12.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7213; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7225 and then resume moving downwards to reach 0.7090. Another signal to confirm further descending movement is the price’s rebounding from the upside border of the Triangle pattern. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7295. In this case, the pair may continue growing towards 0.7385. After breaking the downside border of the Triangle pattern and fixing below 0.7170, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6877; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.6865 and then resume moving upwards to reach 0.6985. 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 0.6830. In this case, the pair may continue falling towards 0.6735. After breaking the cloud’s upside border and fixing above 0.6925, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3374; 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 1.3345 and then resume moving upwards to reach 1.3510. 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 1.3280. In this case, the pair may continue falling towards 1.3165.

 

[RoboForex]

Murrey Math Lines 12.12.2018 (USDJPY, USDCAD)
12.12.2018
USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to test the 6/8 level, rebound from it, and then resume growing towards the resistance at the 8/8 one.

As we can see in the H1 chart, the price is consolidating. In the future, the instrument 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.

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD is expected to test the 6/8 level, rebound from it, and then resume growing towards the resistance at the +1/8 one.

In the H1 chart, the price may rebound from the 5/8 level and then resume trading upwards to reach the resistance at the +2/8 one.

 

[RoboForex]

Forex Technical Analysis & Forecast 13.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
13.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed another consolidation range in the form of the Triangle pattern; right now, it is trading directly in the center. According to the main scenario, the pair may fall towards 1.1313. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 1.1220.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has returned to 1.2640; right now, it is consolidating. According to the main scenario, the pair may continue trading inside the downtrend with the target at 1.2440.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has finished the ascending impulse along with the correction. Possibly, today the pair may form one more ascending structure to reach 1.0033 and then start a new decline towards 0.9980. Later, the market may resume trading inside the uptrend with the target at 1.0088.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating. If later the instrument breaks this range to the upside, the price may choose an alternative scenario and extend this wave to reach 113.87; if to the downside – resume trading inside the downtrend with the target at 112.40.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating close to the upside border of the range at 0.7240. If later the instrument breaks this range to the upside, the price may start another growth to reach 0.7300; if to the downside – resume trading inside the downtrend with the target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading downwards to break 65.74. After that, the instrument may continue trading inside the downtrend to reach 65.55. The short-term target is at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1244.62. Today, the pair may form one more ascending structure towards 1247.82. If later the instrument breaks this range to the upside, the price may reach 1252.30; if to the downside – resume trading inside the downtrend with the target at 1225.25.

BRENT

Brent is still consolidating around 60.10. Possibly, the pair may form a new descending structure to reach 58.30. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend with the short-term target at 67.77.

Back to list

 

[RoboForex]

Ichimoku Cloud Analysis 13.12.2018 (AUDUSD, NZDUSD, USDCAD)
13.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7228; 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 0.7125. 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 0.7295. In this case, the pair may continue growing towards 0.7385.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6862; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6885 and then resume moving downwards to reach 0.6755. 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 0.6915. In this case, the pair may continue growing towards 0.7025. After breaking the channel’s downside border and fixing below 0.6810, the price may continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3353; 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 1.3335 and then resume moving upwards to reach 1.3510. 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 1.3280. In this case, the pair may continue falling towards 1.3165. After breaking the upside border of the Triangle pattern and fixing above 1.3420, the price may continue moving upwards.

 

[RoboForex]

Murrey Math Lines 13.12.2018 (USDCHF, GOLD)
13.12.2018
USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to test he 0/8 level, rebound from it, and then resume growing to reach the resistance at the 3/8 one.

In the H1 chart, the pair may break the 3/8 level and continue falling towards support at 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.

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD may break the 7/8 level and continue trading downwards to reach the support at the 6/8 one.

In the H1 chart, the scenario is a bit different. The pair may grow towards the resistance at the 8/8 level, rebound from it, and then resume falling to reach the 4/8 one.

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

 

[RoboForex]

Japanese Candlesticks Analysis 13.12.2018 (GOLD, NZDUSD)
13.12.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still trading below the resistance level and forming Hanging Man, Shooting Star, and Doji reversal patterns. 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, Engulfing, 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]

Forex Technical Analysis & Forecast 17.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
17.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed another consolidation range around 1.1288; right now, it is trading upwards. According to the main scenario, the pair is expected to start a new correction towards 1.1322 and then resume falling to reach 1.1251. After that, the instrument may form one more ascending structure towards 1.1289 and then resume trading inside the downtrend with the target at 1.1150.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating. Possibly, today the pair may fall towards 1.2511 and then grow to reach 1.2611. Later, the market may resume trading inside the downtrend with the short-term target at 1.2430.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading upwards. Possibly, the pair may reach 1.0003 and then start a new correction towards 0.9957. After that, the instrument may resume trading inside the uptrend with the first target at 1.0053.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading upwards to reach 113.52. Later, the market may form a new descending structure to break 113.13 and then continue trading inside the downtrend with the short-term target at 112.75.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading downwards. Possibly, the pair may reach 0.7190 and then resume falling with the short-term target at 0.7135. After that, the instrument may form one more ascending structure towards 0.7190 and then continue trading inside the downtrend with the target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating above 66.50. If later the instrument breaks this range to the upside, the price may grow to reach 67.47 (an alternative scenario); if to the downside – resume trading inside the downtrend to break 65.56 and then continue this decline with the short-term target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold has completed the ascending impulse along with the correction. Today, the pair may form one more ascending structure towards 1245.70 and then start a new decline to reach 1240.25. If later the instrument breaks this range to the upside, the price may grow with the target at 1252.30; if to the downside – continue the correction continue the correction towards 1212.50.

BRENT

Brent is still consolidating around 60.10. Possibly, the pair may form a new descending structure to reach 58.00. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend with the short-term target at 66.00. The key target is at 73.00.

 

[RoboForex]

Murrey Math Lines 17.12.2018 (EURUSD, GBPUSD)
17.12.2018
EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is expected to continue falling towards 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 moving downwards.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is still trading inside the “oversold zone”. In this case, the price may break the 0/8 level and then continue growing towards the resistance at the 1/8 one. However, as long as the price is trading below the 0/8 level, the decline may continue.

In the H1 chart, the pair is trading below the 3/8 level and may continue moving 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 falling.

 

[RoboForex]

Japanese Candlesticks Analysis 17.12.2018 (EURUSD, USDJPY)
17.12.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is still testing the support level and forming Hammer, Engulfing, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level the instrument may continue moving to the upside.

USDJPY, “US Dollar vs. Japanese Yen”

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

 

[RoboForex]

Ichimoku Cloud Analysis 17.12.2018 (AUDUSD, NZDUSD, USDCAD)
17.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7172; 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 0.7185 and then resume moving downwards to reach 0.7125. 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 0.7205. In this case, the pair may continue growing towards 0.7315.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6793; 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 0.6805 and then resume moving downwards to reach 0.6715. 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 0.6845. In this case, the pair may continue growing towards 0.6965.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3382; 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 1.3365 and then resume moving upwards to reach 1.3515. 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 1.3285. In this case, the pair may continue falling towards 1.3195. After breaking the upside border of the Triangle pattern and fixing above 1.3415, the price may continue moving upwards.

 

[RoboForex]

Fibonacci Retracements Analysis 17.12.2018 (GOLD, USDCHF)
17.12.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after reaching the retracement of 38.2%, XAUUSD started a new pullback, which may be followed by another rising impulse towards the long-term retracement of 50.0% at 1262.60. The local support level is at 1208.60.

In the H1 chart, the divergence made the pair reverse and start a new correction, which has already reached the retracement of 38.2%. The next possible targets may be the retracements of 50.0% and 61.8^ at 1231.05 and 1226.30 respectively. If the price breaks the high at 1250.84, the mid-term uptrend will continue.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the convergence made USDCHF stop trading downwards and start a new rising impulse inside the mid-term uptrend, which is getting closer to the retracement of 50.0% at 0.9996. The next upside targets may be the retracements of 61.8% and 76.0% at 1.0027 and 1.0064 respectively. The key resistance is the high at 1.0128.

The H1 chart shows more detailed structure. The pair is getting close towards the retracement of 50.0% at 0.9996.

 

[Mary Z]

 

[RoboForex]

Forex Technical Analysis & Forecast 18.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
18.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed another correctional structure and may expand the current range towards 1.1363. Possibly, today the pair may fall to reach 1.1322 and then return to 1.1363. According to the main scenario, later the price is expected to resume falling to break 1.1290 and then continue trading inside the downtrend with the target at 1.1150.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating. Possibly, the pair may return to 1.2668 and then fall to reach 1.2516. Later, the market may grow towards 1.2600 and then break the range to the downside to resume trading inside the downtrend with the target at 1.2450.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9950 downwards. Possibly, the price may continue the correction towards 0.9907 and then grow to reach 0.9950. According to the main scenario, the pair is expected to break the range upwards to reach the target at 1.0004. After that, the instrument may break this level as well and continue trading inside the uptrend with the short-term target at 1.0090.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading downwards. Today, the pair may reach 112.42. Later, the market may form a new consolidation range as a continuation pattern towards the short-term target at 111.15.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken 0.7176 upwards and may start a new correction to reach 0.7202. After that, the instrument may form a new descending structure with the short-term target at 0.7137. Later, the market may grow to reach 0.7200 and then resume trading inside the downtrend with the target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 66.50. If later the instrument breaks this range to the upside, the price may grow to reach 67.47 (an alternative scenario); if to the downside – resume trading inside the downtrend to break 65.56 and then continue this decline with the short-term target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards. Today, the pair may reach 1250.32 and then form a new descending structure towards 1240.30. After that, the instrument may form one more ascending structure to reach 1252.30 and then start a new consolidation range with a reversal pattern near the highs. The market is expected to form a new descending wave with the target at 1208.90.

BRENT

Brent is still consolidating around 60.10. Possibly, today the pair may form a new descending structure to reach 58.00. Later, the market may grow to break the upside border at 63.90 and then continue trading inside the uptrend with the first target at 73.00.

 

[RoboForex]

Murrey Math Lines 18.12.2018 (AUDUSD, NZDUSD)
18.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD may break the 6/8 level and then continue growing towards the resistance at the 7/8 one.

As we can see in the H1 chart, the pair is consolidating. In this case, the price may break the 4/8 level and then continue growing towards the resistance at the 6/8 level.

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”

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

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

 

[RoboForex]

Ichimoku Cloud Analysis 18.12.2018 (AUDUSD, NZDUSD, USDCAD)
18.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7189; 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 0.7205 and then resume moving downwards to reach 0.7085. 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 0.7285. In this case, the pair may continue growing towards 0.7375.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6850; 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 0.6865 and then resume moving downwards to reach 0.6735. 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 0.6910. In this case, the pair may continue growing towards 0.6995.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3398; 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 1.3375 and then resume moving upwards to reach 1.3535. Another signal to confirm further ascending movement is the price’s rebounding from the upside border of the Triangle pattern. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3290. In this case, the pair may continue falling towards 1.3195.

 

[RoboForex]

Fibonacci Retracements Analysis 18.12.2018 (EURUSD, USDJPY)
18.12.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD has rebounded from the retracement of 76.0% at 1.1276. If later the price breaks this level, the instrument may fall to test the low at 1.1215. The key resistance level is at 1.1472.

In the H1 chart, the divergence made EURUSD reverse and start a new ascending correction, which has already reached the retracement of 50.0%. The next upside target of this pullback may be the retracement of 61.8% at 1.1376. However, according to the main scenario the pair is expected to fall towards the local low at 1.1269.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is being corrected and forming another descending impulse to test the support level, which close to the retracement of 23.6% at 112.20. If the price breaks this level, it may continue the correctional downtrend towards the low at 111.37 or even the retracement of 38.2% at 110.76. The key resistance is still at 114.55.

In the H1 chart, the divergence made the pair start a new correctional downtrend, which has already broken the retracement of 76.0% and are getting closer to the low at 112.23. Later, the instrument may break it and continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 111.67 and 111.32 respectively.

 

[RoboForex]

Forex Technical Analysis & Forecast 19.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
19.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD is trading upwards. Possibly, the pair may continue the correction towards 1.1400 (an alternative scenario). According to the main scenario, later the price is expected to continue trading inside the downtrend with the target at 1.1290.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating. Possibly, the pair may grow towards 1.2750 and then fall to reach 1.2640. Later, the market may continue the correction with the target at 1.2804 (an alternative scenario). According to the main scenario, the price is expected to continue trading inside the downtrend with the target at 1.2450.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading upwards to reach 0.9943. After that, the instrument may start a new decline towards 0.9920 and then form one more ascending structure with the short-term target at 0.9990.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading downwards. Today, the pair may form a continuation pattern around 112.40. The short-term downside target is at 111.15.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still being corrected. Possibly, today the pair may form one more ascending structure to reach 0.7210. After that, the instrument may resume trading inside the downtrend with the short-term target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating close to the upside border of the range. Today, the pair may fall to break 66.80 and then continue this decline with the target at 65.80.

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards. Possibly, today the pair may reach 1250.32 and then form a new descending structure towards 1240.25. After that, the instrument may start another growth with the target at 1255.10.

BRENT

Brent has broken 59.05 and completed another descending structure. Today, the pair may grow to return to 59.05 and then start a new decline towards 57.57, thus forming another consolidation range. Later, the market may break the range to the upside and resume trading inside the uptrend with the target at 73.00.

 

[RoboForex]

Japanese Candlesticks Analysis 19.12.2018 (USDCAD, AUDUSD)
19.12.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has broken the resistance level; right now, it is forming Shooting Star, Harami, and Doji reversal pattern. Judging by the previous movements, right now it may be assumed that right now the instrument may form another correction and then resume its ascending movement.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still being corrected; right now, it is trading close to the support level and forming Hammer, Doji, Harami, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may resume moving inside the uptrend.