Technical Analysis by RoboForex

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Forex Technical Analysis & Forecast 24.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
24.05.2018
EURUSD, “Euro vs US Dollar”

EURUSD has finished another descending structure and reached 1.1695. Possibly, today the price may form a new consolidation range near the lows. If later the instrument breaks this range to the upside, the market may be corrected to reach 1.1752; if to the downside – resume falling inside the downtrend with the target at 1.1562.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed one more descending structure. Today, the price may form another consolidation range near the lows. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.3477; if to the downside – resume falling inside the downtrend with the target at 1.3262.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has completed the ascending impulse along with the correctionб thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may resume growing to reach 1.0030; if to the downside – continue the correction with the target at 0.9812.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still moving downwards; the target is at 109.34. After that, the instrument may start another growth to reach 110.45 and then form a new descending wave with the short-term target at 108.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming the third ascending wave. Today, the price may reach the short-term target at 0.7645. Later, the market may resume falling to return to 0.7546.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is also forming the third descending wave. Possibly, today the price may reach 60.85 and then grow towards 61.57. After that, the instrument may resume falling inside the downtrend with the short-term target at 60.15.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1292.00. If later the instrument breaks this range to the upside, the market may start another growth to reach 1302.00; if to the downside – resume falling inside the downtrend with the target at 1260.00.

BRENT

Brent is still consolidating above 78.00. Possibly, the price may test this level from above. If later the instrument breaks this range to the downside, the market may continue the correction to reach 76.00; if to the upside – start another growth with the target at 81.00

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Murrey Math Lines 24.05.2018 (USDCHF, GOLD)
24.05.2018
USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF may break the 2/8 level and then continue growing towards the resistance at the 3/8 one.

As we can see in the H1 chart, the price may break the 6/8 level and the continue trading upwards to reach the resistance at the 8/8 one.

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

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is expected to rebound from the resistance at the 3/8 level and then move downwards to reach the support at the 1/8 one.

As we can see in the H1 chart, the price may break the 5/8 level and may resume falling towards the support at the 3/8 one.

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[RoboForex]

Fibonacci Retracements Analysis 25.05.2018 (BITCOIN, ETHEREUM)
25.05.2018
BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, the downtrend continues; it has already reached the retracement of 61.8%. The next downside target may be the retracement of 76.0% at 6449.40. However, one can see the convergence being formed which may indicate a new pullback after the instrument reaches the target.

As we can see in the H1 chart, the convergence made BTCUSD complete the downtrend and start a new correction to the downside, which has already reached the retracement of 23.6%. The next upside targets may be the retracements of 38.2% and 50.0% at 7770.00 and 79930.00 respectively. However, if the pair breaks the low at 7260.00, the price may trade towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 7122.00 and 0.7030.00 respectively.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, the downtrend continues; it has already reached the retracement of 61.8%. The next downside targets may be the retracement of 76.0% at 471.00 and the level of 359.00. The resistance is at 718.00.

In the H1 chart, the pair is being corrected to the upside to reach the retracement of 50.0% at 634.70. If the price breaks the low, the main downtrend will continue.

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Japanese Candlesticks Analysis 25.05.2018 (GOLD, NZDUSD)
25.05.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after reaching the support level and forming several Hammer, Inverted Hammer, and Doji reversal patterns, XAUUSD has rebounded from the level. Judging by the previous movements, it may be assumed that after finishing a slight pullback the price may continue moving upwards.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, after reaching the support level and forming several Hammer, Inverted Hammer, and Engulfing reversal patterns, NZDUSD has started a new correction. Judging by the previous movements, at the moment it may be assumed that the correction may later transform into a new uptrend.

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[RoboForex]

Forex Technical Analysis & Forecast 25.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
25.05.2018
EURUSD, “Euro vs US Dollar”

EURUSD is forming descending structure with the target at 1.1670. After that, the instrument may grow towards 1.1720 and form another consolidation range between these two levels. If later the pair breaks this range to the upside, the market may be corrected to reach 1.1750; if to the downside – resume falling inside the downtrend with the target at 1.1550.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed the ascending structure along with the correction. Today, the price may grow to break the top of this impulse. The target is at 1.3477. Later, the market may fall towards 1.3344, break it, and then continue falling inside the downtrend towards 1.3212.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still being corrected. Possibly, today the price may grow to reach 0.9963 and then fall towards 0.9872. After that, the instrument may resume growing with the target at 1.0100.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating near the lows. If later the pair breaks this range to the upside, the market may start another growth to reach 110.45; if to the downside – resume falling inside the downtrend with the target at 108.77. After that, the instrument may trade to reach 109.25 and then fall towards 107.82.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still forming the third ascending wave. Today, the price may reach the short-term target at 0.7646. Later, the market may resume falling to return to 0.7546.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is also forming the third descending wave. Possibly, today the price may consolidate and fall to reach 60.85. After that, the instrument may break the range to the downside and fall with the short-term target at 58.98.

XAUUSD, “Gold vs US Dollar”

Gold has returned to the center of the fifth descending wave. Today, the price may fall towards 1292.00 and then grow to reach 1298.00, thus forming another consolidation range. If later the instrument breaks this range to the downside, the market may continue falling inside the downtrend with the target at 1270.00.

BRENT

Brent is still consolidating. Possibly, the price may fall towards 78.00 and then grow to reach 79.00. Later, the market may form another descending structure with the target at 77.20 and then resume growing towards 81.10.

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[RoboForex]

Murrey Math Lines 25.05.2018 (EURUSD, GBPUSD)
25.05.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD may break the 0/8 level and grow towards the 1/8 one.

In the H1 chart, the pair may break the 0/8 level and continue trading towards the 3/8 one.

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

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is trading inside the “oversold zone”. If the price breaks the -1/8 level, it may grow towards the 0/8 one.

In the H1 chart, the pair may break the 3/8 level and move upwards to reach the tare at the 5/8 one.

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

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[RoboForex]

Fibonacci Retracements Analysis 29.05.2018 (EURUSD, USDJPY)
29.05.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the downtrend continues. EURUSD has broken the retracement of 38.2% and right now is trading towards the key support level at 1.1553. After breaking it, the instrument may continue falling reach the retracements of 50.0% and 61.8% at 1.1448 and 1.1188 respectively. At the time, the convergence is being formed.

In the H1 chart, the pair is getting closer to 1.1553. At the same time, one can see the convergence being formed, which may indicate a short-term pullback towards the retracements of 23.6%, 38.2%, 50.0%, and 61.8% at 1.1660, 1.1726, 1.1776, and 1.1830 respectively.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the downtrend continues and has already reached the retracement of 38.2%. The next downside targets may be the retracements of 50.0% and 61.8% at 108.01, and 107.22 respectively.

The H1 chart shows more detailed structure of the current downtrend. The short-term downside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 108.62 and 108.40 respectively.

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Japanese Candlesticks Analysis 29.05.2018 (EURUSD, USDJPY)
29.05.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has reached another low and formed several Hammer, Inverted Hammer, and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that the price may continue its decline despite the above-mentioned reversal patterns.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is testing the support level and forming Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may form several more reversal patterns and then resume its growth.

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Ichimoku Cloud Analysis 29.05.2018 (AUDUSD, NZDUSD, USDCAD)
29.05.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7533; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the downside border of the cloud at 0.7530 and then continue moving upwards to reach 0.7645. 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 0.7505. In this case, the pair may continue falling towards 0.7390.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6930; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.6925 and then continue moving upwards to reach 0.7030. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6985. After breaking the upside border of the Triangle pattern and fixing above 0.6965, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2981; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2970 and then continue moving upwards to reach 1.3090. 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 1.2840. In this case, the pair may continue falling towards 1.2750.

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Forex Technical Analysis & Forecast 29.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
29.05.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still falling; the target is at 1.1560. Possibly, today the price may grow to test 1.1646 from below and then resume falling towards the above-mentioned target. After that, the instrument may start another correction.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating near the lows. If later the pair breaks this range to the upside, the market may start another correction to reach 1.3399; if to the downside – resume falling inside the downtrend with the target at 1.3270.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9927. Possibly, today the price may grow to reach 0.9970 and then fall towards 0.9872. After that, the instrument may resume growing with the target at 1.0050.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating near the lows. If later the pair breaks this range to the upside, the market may start another growth to reach 110.45; if to the downside – resume falling inside the downtrend with the target at 108.64. After that, the instrument may trade to reach 109.25 and then fall towards 107.92.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still forming the third ascending wave. Today, the price may be corrected towards 0.7506. Later, the market may resume growing to return to 0.7575.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is forming the third descending wave. Possibly, today the price may form another descending structure to reach 60.80. After that, the instrument may resume growing with the target at 61.50.

XAUUSD, “Gold vs US Dollar”

Gold is moving upwards to reach 1301.00. After that, the price may fall towards 1293.00, break it, and then continue trading to the downside with the short-term target at 1285.00.

BRENT

Brent is consolidating near the lows. Possibly, the price may break this range to the upside and grow towards 78.10. Later, the market may start another correction with the target at 76.40.

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[RoboForex]

Murrey Math Lines 29.05.2018 (AUDUSD, NZDUSD)
29.05.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, the pair is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to test the 3/8 level, rebound from it, and then resume growing to reach the 5/8 one.

In the H1 chart, the price may break the 6/8 level and then continue falling to reach the support at the 5/8 one.

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD is expected to break the 2/8 level and then continue growing towards the resistance at the 3/8 one.

In the H1 chart, the pair may break the 7/8 level and continue growing towards the “overbought zone”. In this case, the targets will be the 8/8 and +1/8 levels.

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Fibonacci Retracements Analysis 30.05.2018 (GBPUSD, EURJPY)
30.05.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the downtrend continues; it has already reached the retracement of 76.0%. The next downside target may be the key support level at 1.3027. At the same time, one can see the convergence being formed, which may indicate a possible pullback in the future.

The H1 chart shows more detailed structure of the current descending movement. Taking into account the convergence that is being formed, the instrument may reach its downside targets and then start a new correction towards the retracements of 23.6%, 38.2%, and 50.0% at 1.3347, 1.3544, and 1.3700 respectively.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the downtrend continues; it has already reached the retracement of 50.0%. The next downside targets may be the retracements of 61.8% and 76.0% at 123.50 and 120.27 respectively. The resistance level is at 132.17.

In the H1 chart, the convergence is being formed, which may indicate a possible correction in the future. The targets of this possible pullback are the retracements of 38.2%, 50.0%, and 61.8% at 127.18, 127.98, and 128.77 respectively.

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Forex Technical Analysis & Forecast 30.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
30.05.2018
EURUSD, “Euro vs US Dollar”

EURUSD has finished another descending structure. Possibly, today the price may consolidate near the lows. If later the pair breaks this range to the upside, the market may start another growth to reach 1.1620; if to the downside – resume falling with the target at 1.1420.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is has broken the consolidation range to the downside. Possibly, the price may continue trading to the downside to reach 1.3190 and then form a new consolidati0n range near the lows. If later the pair breaks this range to the upside, the market may start another growth to reach 1.3344; if to the downside – resume falling inside the downtrend with the target at 1.3080.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached the target of the Flag correctional pattern. Today, the price may grow to reach 0.9970 and then fall towards 0.9912. After that, the instrument may resume growing with the short-term target at 1.0050.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken the consolidation range to the downside and right now is still moving downwards. The first target is at 107.92. Later, the market may start another growth to reach 109.2 and then resume falling inside the downtrend with the target at 107.18.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed another descending structure. Today, the price may grow towards 0.7545 and then fall to reach 0.7510. Later, the market may break the upside border of this range and continue trading with the target at 0.7640.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading close to the upside border of the range. Possibly, today the price may form another descending structure to reach 60.80.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating below 1300.00. According to the main scenario, the price may fall to reach 1293.00, break it, and then continue trading to the downside with the short-term target at 1282.00. After that, the instrument may resume growing to reach 1293.00 and then start another decline towards 1280.00.

BRENT

Brent is consolidating near the lows. If later the pair breaks this range to the upside, the market may grow to reach 78.10 and then start another correction towards 76.30; if to the downside – fall inside the downtrend with the target at 73.70 and then resume moving upwards to reach to the first target at 78.10.

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Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.













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Japanese Candlesticks Analysis 30.05.2018 (GOLD, NZDUSD)
30.05.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after reaching the support level, XAUUSD is still forming several Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing a slight pullback the price may continue moving upwards.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is trading sideways near the support level and forming Hammer, Inverted Hammer, and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that this sideways correction may later transform into a new uptrend.

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Murrey Math Lines 30.05.2018 (USDJPY, USDCAD)
30.05.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is consolidating between the 3/8 and 5/8 levels. If the price rebounds from the 3/8level, the instrument may resume growing to reach the 5/8 one.

In the H1 chart, the pair may test the 0/8 level, rebound from it, and then continue trading upwards to reach the 5/8 one.

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

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD is expected to test the resistance at the 3/8 level, rebound from it, and then resume falling towards the support at the 1/8 one.

As we can see in the H1 chart, the pair may break the 5/8 level and then continue trading towards 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 moving downwards.

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Ichimoku Cloud Analysis 30.05.2018 (AUDUSD, NZDUSD, USDCAD)
30.05.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7498; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7525 and then continue moving downwards to reach 0.7415. 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 0.7565. In this case, the pair may continue growing towards 0.7650. After breaking the downside border of the channel and fixing below 0.7460, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6914; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.6920 and then continue moving downwards to reach 0.6825. 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 0.6925.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3027; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2985 and then continue moving upwards to reach 1.3120. 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 1.2880. In this case, the pair may continue falling towards 1.2770.

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Fibonacci Retracements Analysis 06.06.2018 (GBPUSD, EURJPY)
06.06.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the convergence made GBPUSD complete the downtrend and start a new correction to the upside. The targets of this rising correction may be the retracementы of 23.6%, 38.2%, and 50.0% at 1.3480, 1.3654, and 1.3790 respectively. The support level is the current low at 1.3204.

In the H1 chart, one can see the uptrend along with the divergence. After reaching the target, the instrument may start a new correction towards the retracements of 23.6%, 38.2%, and 50.0% at 1.3416, 1.3375, and 1.3342 respectively.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY has reached the retracement of 50.0% and may have finished the downtrend. Right now, the pair is trading upwards. However, the downtrend may yet continue to reach the retracement of 61.8% at 123.53. Still, the targets of the current uptrend is the resistance level at 132.15.

In the H1 chart, the uptrend is getting closer to the retracement of 76.0% at 129.76. The next upside target may be at 131.39. At the same time, the divergence is being formed, which may indicate a possible pullback in the future.

 

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Japanese Candlesticks Analysis 06.06.2018 (EURUSD, USDJPY)
06.06.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has reached another low and completed the correction with several Shooting Star and Engulfing reversal patterns at the top. At the moment, it may be assumed that the correction is over and the price may resume its decline.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is testing the support level and forming Doji, Engulfing, and Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that in the short-term the instrument may start a new uptrend.

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Ichimoku Cloud Analysis 06.06.2018 (AUDUSD, NZDUSD, USDCAD)
06.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7661; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7630 and then continue moving upwards to reach 0.7745. 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 0.7540. In this case, the pair may continue falling towards 0.7440. After breaking the channel’s upside border and fixing above 0.7670, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7049; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7020 and then continue moving upwards to reach 0.7135. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6935.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2932; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2910 and then continue moving upwards to reach 1.3135. 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 1.2860. In this case, the pair may continue falling towards 1.2745. After breaking the upside border of the cloud and fixing above 1.2965, the price may continue moving upwards.

 

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Murrey Math Lines 06.06.2018 (USDJPY, USDCAD)
06.06.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is consolidating between the 3/8 and 5/8 levels. The price is expected to test the 5/8level, rebound from it, and then resume falling to reach the support at the 3/8 one.

In the H1 chart, the pair is testing inside the “overbought zone”. If the price breaks the +1/8 level, the instrument may start a new decline to reach the support at the 6/8 one.

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

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD is expected to fall towards test the support at the 0/8 level.

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