Technical Analysis by RoboForex

[RoboForex]

Forex Technical Analysis & Forecast 06.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
06.06.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed the ascending structure towards 1.1700 and right now is consolidating around it. According to the main scenario, the price may fall to reach 1.1680, break it, and then continue trading to the downside towards 1.1633. However, an alternative scenario implies that the pair may break this range to the upside and continue the correction to test 1.1752 from below.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has formed another consolidation channel. If later the pair breaks this range to the upside, the market may continue the correction towards 1.3465. After that, the instrument may resume falling inside the downtrend with the target at 1.3190.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating. If later the pair breaks this range to the upside, the market may grow towards 0.9960; if to the downside – continue the correction to reach 0.9800.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading to break the current consolidation channel upwards. Possibly, the price may continue trading to the upside to reach 110.45 and then start another decline towards 108.30. Later, the market may break this level and continue falling with the target at 106.25.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the target of the first descending impulse and right now is trading close to the upside border of the range. According to the main scenario, the price may fall towards 0.7595, break it, and then continue trading to the downside with the target at 0.7520.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the downside target of the correction. Today, the price may form a new descending structure towards the short-term target at 60.80.

XAUUSD, “Gold vs US Dollar”

Gold is trading to rebound from 1299.00. The target is at 1288.00. If later the pair breaks this level to the downside, the market may continue trading to the downside with the short-term target at 1270.00.

BRENT

Brent is moving up; it has broken 75.40 and may continue growing to reach 77.15. After that, the instrument may form a new descending structure with the target at 75.50 and then continue trading to the upside towards the short-term target at 80.00.

 

[RoboForex]

Fibonacci Retracements Analysis 07.06.2018 (AUDUSD, USDCAD)
07.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is still being corrected to the upside and has already reached the retracement of 61.8%. The next possible targets are the retracement of 76.0% at 0.7717 and the level of 0.7813. The support level is at 0.7566.

As we can see in the H1 chart, the convergence is being formed, which may indicate a possible pullback towards the retracements of 23.6%, 38.2% and 50.0% at 0.7638, 0.7615, and 0.7595 respectively.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after updating its highs, USDCAD started a new correction, which has already reached the retracement of 38.2. The next downside target may be the retracement of 50.0% at 1.2797. If the price breaks the resistance level at 1.3067, the instrument may reach the next essential high at 1.3124.

In the H1 chart, USDCAD is being corrected to the upside and has already reached the retracement of 50.0%. The next upside targets may be the retracements of 61.8% and 76.0% at 1.2987 and 1.3016 respectively. If the pair breaks the current high at 1.3067, the price may continue trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3149 and 1.3198 respectively.

 

[RoboForex]

Murrey Math Lines 07.06.2018 (USDCHF, GOLD)
07.06.2018
USDCHF, “US Dollar vs Swiss Franc”

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

As we can see in the H1 chart, the price has broken the 3/8 level and may continue trading downwards to reach the 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 made several attempts to break the 3/8 level, but failed. In this case, the price may resume falling to reach the support at the 0/8 level.

As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 3/8 level, the instrument may resume falling to reach the 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.

 

[RoboForex]

Japanese Candlesticks Analysis 07.06.2018 (GOLD, NZDUSD)
07.06.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after reaching the support level, XAUUSD is still moving sideways and forming Harami, Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing this sideways movement the price may resume moving upwards.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, after reaching a new high, NZDUSD has formed several Shooting Star and Doji reversal patterns along with the correction. Judging by the previous movements, at the moment it may be assumed that the instrument may complete the correction, update its closest high, and then continue the uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 07.06.2018 (AUDUSD, NZDUSD, USDCAD)
07.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7652; 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 0.7615 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 0.7690, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7047; 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 0.7030 and then continue moving upwards to reach 0.7125. 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 0.6960.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2946; 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 1.2930 and then continue moving upwards to reach 1.3090. 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 1.2870. In this case, the pair may continue falling towards 1.2745. After breaking the upside border of the Trianglepattern and fixing above 1.2995, the price may continue moving upwards.

 

[RoboForex]

Forex Technical Analysis & Forecast 07.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
07.06.2018
EURUSD, “Euro vs US Dollar”

EURUSD has broken the consolidation channel upwards and is still moving according to an alternative scenario, which implies that the pair may continue the correction. Possibly, today the price may fall towards 1.1725 and then grow to reach 1.1810. Later, the market may form a new descending wave with the first target at 1.1660.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken the consolidation channel upwards as well. Today, the price may grow towards 1.3450. After that, the instrument may fall to reach 1.3330 and then grow towards 1.3390, thus forming a new consolidation range. If later the pair breaks this range to the downside, the market may continue falling inside the downtrend with the first target at 1.3130.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating. If later the pair breaks this range to the upside, the market may grow towards 0.9960; if to the downside – continue the correction to reach 0.9800.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading downwards. Possibly, today the price may reach 109.17 and then start another growth towards 109.71. Later, the market may continue falling with the target at 107.90.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading close to the upside border of the range. Today, the price may fall towards 0.7616 and then grow to reach 0.7650. After that, the instrument may start another decline with the target at 0.7560.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 61.50. Possibly, the price may break this level and then continue trading to the downside with the short-term target at 60.82. Later, the market may start a new growth to return to 61.50 and then resume falling to reach 60.25.

XAUUSD, “Gold vs US Dollar”

Gold is being corrected. Possibly, today the price may fall towards 1291.00 and then grow to reach 1301.00. After that, the instrument may resume trading to the downside to break 1288.00 and then continue this decline to reach 1275.00.

BRENT

Brent has finished the ascending impulse along with the correction. Today, the price may another ascending impulse to reach 76.40. After that, the instrument may break this level and then continue trading to the upside towards the short-term target at 79.22.

 

[RoboForex]

Fibonacci Retracements Analysis 11.06.2018 (GOLD, USDCHF)
11.06.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is being corrected sideways and has already reached the retracement of 23.6%. The next targets of this correction may be the retracements of 38.2% and 50.0% at 1313.70 and 1323.50 respectively. The support level is the low at 1282.09. After breaking the current low, the instrument may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1272.40 and 1266.50 respectively.

In the H1 chart, the pair is trading sideways between 1301.60 and 1282.09, which are the resistance level and the support one respectively.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has been corrected to the downside by 50.0%. The current ascending impulse is trading towards the high at 1.0056. However, the downtrend may yet continue to reach 0.9735.

In the H1 chart, the pair is being corrected upwards and has already reached the retracement of 38.2%. The next targets are the retracements of 50.0%б 61.8%, and 76.0% at 0.9923, 0.9954, and 0.9993 respectively.

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[RoboForex]

apanese Candlesticks Analysis 11.06.2018 (EURUSD, USDJPY)
11.06.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is still growing and forming slight corrections. By now, it has reached completed another pullback from the resistance level with several Hammer and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may update its closest high again and then resume its growth.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading upwards and forming Doji, Inverted Hammer, Engulfing, and Hammer reversal patterns. At the moment, it may be assumed that the instrument is about to start a new uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 11.06.2018 (AUDUSD, NZDUSD, USDCAD)
11.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7605; 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 0.7600 and then continue moving upwards to reach 0.7695. 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 0.7560. In this case, the pair may continue falling towards 0.7440.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7038; 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 0.7020 and then continue moving upwards to reach 0.7110. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6960. After breaking the upside border of the Triangle pattern and fixing above 0.7055, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2973; 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 1.2970 and then continue moving upwards to reach 1.3125. 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 1.2870. In this case, the pair may continue falling towards 1.2745. After breaking the resistance level and fixing above 1.3040, the price may continue moving upwards.

 

[RoboForex]

Murrey Math Lines 11.06.2018 (EURUSD, GBPUSD)
11.06.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has broken the 0/8 level and is no longer trading inside the “oversold zone”. If later the price breaks the 1/8 level, the instrument may grow towards the resistance at the 2/8 one.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing towards1.1962.

GBPUSD, “Great Britain Pound vs US Dollar”

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

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing towards 1.3671.

 

[RoboForex]

Forex Technical Analysis & Forecast 11.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
11.06.2018
EURUSD, “Euro vs US Dollar”

EURUSD has reached the first target of the descending channel and right now is being corrected towards 1.1820. Later, the market may fall to reach 1.1700, break it, and then continue falling inside the downtrend towards the short-term target at 1.1593.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is falling towards 1.3325. Possibly, the price may break it and then continue falling towards the first target at 1.3266. After that, the instrument may start another growth to reach 1.3360 and then resume falling towards 1.3180.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is growing towards 0.9900. Later, the market may fall towards 0.9845 and then grow to reach the short-term target at 0.9960.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the descending wave along with the correction and formed another consolidation range. If later the pair breaks this range to the downside, the market may fall towards 107.90; if to the upside – start another growth to test 110.24 again.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished the first descending wave and right now is being corrected. Possibly, the price may grow towards 0.7620 and then fall to reach the short-term target at 0.7540.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has broken its consolidation channel upwards, reached the first upside target, and then returned to the channel’s broken border. Possibly, today the price may form a new ascending structure towards 63.20. Later, the market may continue trading to the downside with the target at 61.18.

XAUUSD, “Gold vs US Dollar”

Gold is being corrected and forming the Flag pattern. Today, the price may fall towards 1288.00, break it, and then continue this decline to reach the short-term target at 1275.00.

BRENT

Brent is forming a new ascending wave with the first target at 78.32. Today, the price may fall towards 75.80 and then grow to reach the above-mentioned target. Later, the market may fall to return to 75.80, thus forming another consolidation range. If later the pair breaks this range to the upside, the market may grow towards 80.50; if to the downside – continue the correction to reach 72.00.

 

[RoboForex]

Fibonacci Retracements Analysis 12.06.2018 (EURUSD, USDJPY)
12.06.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD has started a new uptrend, which has already reached the retracement of 23.6% and right now is heading towards the one of 38.2% at 1.1857. The next upside targets may be the retracements of 50.0% and 61.8% at 1.1963 and 1.2068 respectively. The support level is the low at 1.1510.

In the H1 chart, the short-term correction is taking the form of the Triangle pattern and getting closer to the retracement of 32.8% at 1.1715. The next downside target may be the retracement of 50.0% at 1.1676.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has started a new rising impulse, which is heading towards the retracement of 76.0% at 110.62. The next target may be the local high at 111.39. After that, the instrument may continue growing to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 112.66 and 113.45 respectively. The support level is the low at 108.11.

In the H1 chart, the pair has completed the descending correction and right now is trading upwards. After breaking the previous short-term high, the instrument is trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 110.67and 110.92 respectively.

 

[RoboForex]

Japanese Candlesticks Analysis 12.06.2018 (GOLD, NZDUSD)
12.06.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after reaching the support level, XAUUSD is still moving sideways and forming Harami, Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing this sideways movement the price may try to break the support level and then continue moving downwards.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, after reaching a new high, NZDUSD has formed several Shooting Star, Engulfing, and Doji reversal patterns, and right now is trading sideways. At the moment, it may be assumed that the instrument may complete the correction, update its closest high, and then continue the uptrend.

 

[RoboForex]

Murrey Math Lines 12.06.2018 (AUDUSD, NZDUSD)
12.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair has broken the 5/8 level and may continue growing to reach the resistance at the 8/8one.

The lines in the H4 and H1 charts are completely the same. In this case, the price is expected to continue growing towards the resistance at the 8/8 level.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading towards0.7690.

 

[RoboForex]

Japanese Candlesticks Analysis 13.06.2018 (USDCAD, AUDUSD)
13.06.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may rebound from the resistance level once again.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still moving upwards and forming Hammer and Inverted Hammer reversal patterns during corrections. Right now, the price is being corrected once again. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may resume trading upwards.

 

[RoboForex]

Ichimoku Cloud Analysis 12.06.2018 (AUDUSD, NZDUSD, USDCAD)
12.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7613; 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 0.7605 and then continue moving upwards to reach 0.7720. 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 0.7560. In this case, the pair may continue falling towards 0.7440.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7037; 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 0.7030 and then continue moving upwards to reach 0.7100. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6960. After breaking the resistance area and fixing above 0.7055, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2995; 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 1.2965 and then continue moving upwards to reach 1.3165. 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 1.2905. In this case, the pair may continue falling towards 1.2845. After breaking the resistance level and fixing above 1.3040, the price may continue moving upwards.

 

[RoboForex]

Forex Technical Analysis & Forecast 12.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
12.06.2018
EURUSD, “Euro vs US Dollar”

EURUSD has broken the low of the first descending impulse. Possibly, today the price may reach 1.1733 and then grow towards 1.1774. Later, the market may fall to reach 1.1700, break it, and then continue falling inside the downtrend towards the short-term target at 1.1655.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is falling towards 1.3325. After that, the instrument may grow to reach 1.3393. Later, the market may start another decline towards 1.3260, break it, and then resume falling with the target at 1.3127.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is growing towards 0.9900. Later, the market may fall towards 0.9845 and then grow to reach the short-term target at 0.9960.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still growing and expanding its range upwards. Possibly, the price may reach 110.55. After that, the instrument may fall towards 109.22, break it, and then continue this decline with the target at 107.90.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating. Today, the price may rebound from 0.7620. The target is at 0.7582. Later, the market may break this level and continue falling inside the downtrend with the short-term target at 0.7540.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 62.00. Possibly, today the price may try to expand the range towards 63.21 and then form a new descending structure to reach 61.57. After that, the instrument may break this level and then continue trading to the downside with the short-term target at 60.00.

XAUUSD, “Gold vs US Dollar”

Gold is being corrected and forming the Flag pattern. Today, the price may fall towards 1288.00, break it, and then continue this decline to reach the short-term target at 1275.00. However, the instrument may choose an alternative scenario to return to 1304.00 once again and then resume falling to reach 1240.00.

BRENT

Brent is forming a new ascending wave with the first target at 78.32. Possibly, today the price may grow to reach the above-mentioned target. Later, the market may fall to return to 75.80, thus forming another consolidation range. If later the pair breaks this range to the upside, the market may grow towards 80.50; if to the downside – continue the correction to reach 72.00.

 

[RoboForex]

Fibonacci Retracements Analysis 13.06.2018 (GBPUSD, EURJPY)
13.06.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is being corrected upwards; the pair has almost reached the retracement of 23.6% at 1.3482, but then started consolidating. The next targets of this rising correction may be the retracements of 38.2% and 50.0% at 1.3653 and 1.3791 respectively. The support level is the current low at 1.3204.

In the H1 chart, the divergence made the pair reverse and start a new correction, which is heading towards the retracement of 50.0% at 1.3338. The next target may be the retracement of 61.8% at 1.3307.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, after being corrected to the downside by 38.2%, EURJPY has started a new ascending impulse, which is getting closer to the local high at 130.27. After breaking it, the instrument may continue growing to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 131.08 and 131.57 respectively. However, the price may yet rebound from the high and continue the correction downwards. In this case, the target may be the retracement of 50.0% at 127.45.

The H1 chart shows more detailed structure of the current movement.

 

[RoboForex]

Ichimoku Cloud Analysis 13.06.2018 (AUDUSD, NZDUSD, USDCAD)
13.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7573; 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 0.7580 and then continue moving downwards to reach 0.7480. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7620. In this case, the pair may continue growing towards 0.7680. After breaking the channel’s downside border and fixing below 0.7530, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7012; 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 0.6975 and then continue moving upwards to reach 0.7070. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6960. After breaking the cloud’s upside border and fixing above 0.7045, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3018; 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 1.2965 and then continue moving upwards to reach 1.3145. Another signal to confirm further ascending movement is the price’s rebounding from the downside 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 1.2910. In this case, the pair may continue falling towards 1.2845. After breaking the resistance level and fixing above 1.3060, the price may continue moving upwards.

 

[RoboForex]

Murrey Math Lines 13.06.2018 (USDJPY, USDCAD)
13.06.2018
USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling to reach the support at the 5/8 one.

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

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD has broken the 5/8 level and right now is consolidating. In this case, the price may continue growing towards the 7/8 level.

In the H1 chart, the pair may break the 7/8 level and then continue trading towards the 8/8 one.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.