Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

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Aug 6, 2019
390
Points
259
Murrey Math Lines 02.03.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after breaking 3/8 to the upside, AUDUSD is consolidating. In this case, the price is expected to continue moving upwards to reach the upside border at 5/8. However, this scenario may be canceled if the price breaks 3/8 to the downside. After that, the instrument may fall towards the support at 1/8.



Read more - Murrey Math Lines AUDUSD, NZDUSD
 
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RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Forex Technical Analysis & Forecast 03.03.2021

EURUSD, “Euro vs US Dollar”

After completing the correction at 1.2000 along with the ascending structure towards 1.2090, EURUSD is forming a new consolidation range around the latter level. Later, the market may break the range to the downside and start another decline to reach 1.2060. After that, the instrument may form one more ascending structure with the first target at 1.2140.



Read more - Forex Technical Analysis & Forecast 03.03.2021
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Fibonacci Retracements Analysis 04.03.2021 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the daily chart, after breaking 38.2% fibo, the asset has failed to reach 50.0% fibo at 0.8292. Right now, there is a divergence on MACD, which indicates that the pair is about to start a new pullback towards the support at 23.6% fibo (0.6820). After the pullback is over, the instrument may form a new rising impulse to reach 50.0% and 61.8% fibo at 0.8292 and 0.8946 respectively.



Read more - Fibonacci Retracements Analysis AUDUSD, USDCAD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Japanese Candlesticks Analysis 05.03.2021 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the descending tendency continues. After forming several reversal patterns, such as Hammer, close to the channel’s downside border, XAUUSD is reversing and may later correct towards the resistance area. In this case, the correctional target will be at 1740.50. At the same time, an opposite scenario implies that the price may continue its decline towards 1670.00 without reversing and correcting.



Read more - Japanese Candlesticks Analysis GOLD, NZDUSD, GBPUSD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Ichimoku Cloud Analysis 08.03.2021 (USDCAD, XAUUSD, NZDUSD)

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2662; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2615 and then resume moving upwards to reach 1.2845. Another signal in favor of a further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2555. In this case, the pair may continue falling towards 1.2465. To confirm further growth, the asset must break the pattern’s upside border and fix above 1.2715.



Read more - Ichimoku Cloud Analysis USDCAD, XAUUSD, NZDUSD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Murrey Math Lines 09.03.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 1/8 and then continue moving downwards to reach the closest support at 0/8. However, this scenario may be canceled if the price breaks 2/8 to the upside. After that, the instrument may correct towards the resistance at 3/8.



Read more - Murrey Math Lines AUDUSD, NZDUSD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Forex Technical Analysis & Forecast 10.03.2021

EURUSD, “Euro vs US Dollar”

After finishing the ascending impulse at 1.1915, EURUSD is expected to correct towards 1.1872. After that, the instrument may start a new ascending wave and reach 1.1928.



Read more - Forex Technical Analysis & Forecast 10.03.2021
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Fibonacci Retracements Analysis 11.03.2021 (Brent, Dow Jones)

Brent

The H4 chart shows a long-term ascending tendency, which seems pretty stable. After reaching 76.9% fibo, Brent has started a new short-term pullback. Despite the stable uptrend, there is a divergence on MACD, which may hint at a reversal and possible decline towards 23.6%, 38.2%, 50.0%, and 61.8% fibo at 62.91, 57.86, 53.77, and 49.69 respectively. A breakout of the high at 71.07 may complete the correction and lead to a further uptrend to reach the fractal high at 87.09.



Read more - Fibonacci Retracements Analysis Brent, Dow Jones
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Japanese Candlesticks Analysis 12.03.2021 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the asset is about to finish the correction. While testing the resistance area, the pair has formed several reversal patterns, including Harami. At the moment, EURUSD is reversing and may later resume falling towards the support area. In this case, the downside target may be at 1.1850. However, an alternative scenario implies that the price may correct to reach 1.2040 before resuming its decline.



Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Ichimoku Cloud Analysis 15.03.2021 (EURUSD, XAUUSD, USDCAD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1928; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1945 and then resume moving downwards to reach 1.1825. Another signal in favor of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.1975. In this case, the pair may continue growing towards 1.2065. To confirm further decline, the asset must break the support area and fix below 1.1905 – as we can see, the pair rebounded from this level several times in the past.



Read more - Ichimoku Cloud Analysis EURUSD, XAUUSD, USDCAD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
The USD remains strong. Overview for 15.03.2021

EURUSD is falling again under the attack of the “greenback”.

The major currency pair is starting another March Monday with a decline under pressure from the USD. The current quote for the instrument is 1.1935.

The American currency became more active when the US 10-year bond yield resumed growing. this improvement once again raised concerns about inflation boost in the USA a sellout of risky assets. Taken together, these factors helped the USD to recover as a “safe haven” asset.

In the nearest future, the USD may mostly focus on the bond yield, new highs in which won’t be a surprise to anyone.

Also, one should note that the American currency is well supported by the US Fed and Government policy, while the approach of the ECB with its variety of supporting tools is looking rather weak. Last week, the European regulator decided to print more money to support the region’s economy and expand the PEPP program, thus putting pressure on the Euro.

Inflation boost in the USA is becoming more and more topical, especially after the approval of the $1.9 trillion stimulus package by the US Government – this topic will get much attention in the nearest future.

Forecasts for other instruments can be found in the section "Forex Forecasts and Analysis" on our website.
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Murrey Math Lines 16.03.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is trading below 3/8. In this case, the price is expected to break this level and then continue moving upwards to reach the resistance at 5/8. However, this scenario may be canceled if the price breaks 2/8 to the downside. After that, the instrument may fall towards the support at 1/8.



Read more - Murrey Math Lines AUDUSD, NZDUSD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Forex Technical Analysis & Forecast 17.03.2021

EURUSD, “Euro vs US Dollar”

After finishing another descending structure at 1.1888, EURUSD has started a new growth to reach 1.1937. After that, the instrument may correct towards 1.1910 and then resume trading upwards with the target at 1.2000.



Read more - Forex Technical Analysis & Forecast 17.03.2021
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Fibonacci Retracements Analysis 18.03.2021 (Brent, DAX30)

Brent

The daily chart shows a long-term ascending tendency, which still seems pretty stable. However, one should note that after reaching the long-term 76.0% fibo, Brent has started a new short-term pullback, which may transform into a proper downtrend towards 23.6%, 38.2%, 50.0%, and 61.8% fibo at 58.00, 49.94, 43.40, and 37.00 respectively. A breakout of the high at 71.07 may complete the correction and lead to a further uptrend to reach the fractal high at 87.09.



Read more - Fibonacci Retracements Analysis Brent, DAX30
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Japanese Candlesticks Analysis 19.03.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming several reversal patterns, including Hammer, not far from the support level, USDCAD is reversing in the form of a correction and may reach the resistance area. In this case, the upside target is at 1.2555. After testing the resistance area, the price may rebound and resume its descending tendency.



Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Ichimoku Cloud Analysis 22.03.2021 (EURUSD, USDCAD, EURJPY)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1889; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1925 and then resume moving downwards to reach 1.1685. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.1975. In this case, the pair may continue growing towards 1.2065.



Read more - Ichimoku Cloud Analysis EURUSD, USDCAD, EURJPY
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Murrey Math Lines 23.03.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after rebounding from 3/8, AUDUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 2/8 and then continue moving downwards to reach the support at 1/8. However, this scenario may be canceled if the price breaks 3/8 to the upside. After that, the instrument may grow towards the resistance at 4/8.



Read more - Murrey Math Lines AUDUSD, NZDUSD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Forex Technical Analysis & Forecast 24.03.2021

EURUSD, “Euro vs US Dollar”

After breaking 1.1900 and forming a downside continuation pattern there, EURUSD has completed another descending structure at 1.1850; right now, it is consolidating above the latter level. Possibly, the pair may grow to test 1.1900 from below and then resume trading downwards with the target at 1.1830.



Read more - Forex Technical Analysis & Forecast 24.03.2021
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Fibonacci Retracements Analysis 25.03.2021 (Brent, Dow Jones)

Brent

In the daily chart, the asset is forming a new descending correction after testing the long-term 76.0% fibo. Another signal in favor of a possible reversal is a divergence on MACD. Right now, the price is moving close to its first target, 23.6% fibo at 58.00, and may later continue falling to reach the next ones at 38.2%, 50.0%, and 61.8% fibo at 49.94, 43.46, and 36.93 respectively. A breakout of the high at 71.07 may complete the correction and lead to a further uptrend to reach the fractal high at 87.09.



Read more - Fibonacci Retracements Analysis Brent, Dow Jones
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Japanese Candlesticks Analysis 26.03.2021 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the sideways tendency continues. After forming several reversal patterns, such as Hammer, close to the support level, XAUUSD may reverse and resume growing towards the resistance area. In this case, the upside target may be at 1780.00. At the same time, an opposite scenario implies that the price may correct to reach 1715.00 before resuming its growth.



Read more - Japanese Candlesticks Analysis GOLD, NZDUSD, GBPUSD
 

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