Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Ichimoku Cloud Analysis 29.03.2021 (EURJPY, BRENT, NZDCAD)

EURJPY, “Euro vs Japanese Yen”

EURJPY is trading at 128.91; 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 129.10 and then resume moving downwards to reach 127.55. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 129.95. In this case, the pair may continue growing towards 130.85. To confirm further decline, the asset must break the rising channel’s downside border and fix below 128.55.



Read more - Ichimoku Cloud Analysis EURJPY, BRENT, NZDCAD
 
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RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Murrey Math Lines 30.03.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. However, right now, the asset is correcting upwards and may reach 2/8. In this case, the price is expected to test 2/8, rebound from it, and then resume moving downwards to reach the support at 0/8. However, this scenario may be canceled if the price breaks 1/8 to the downside. After that, the instrument may fall towards 0/8 without testing 2/8.



Read more - Murrey Math Lines AUDUSD, NZDUSD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Forex Technical Analysis & Forecast 31.03.2021

EURUSD, “Euro vs US Dollar”

After reaching its short-term downside target, EURUSD is expected to consolidate near the lows. Possibly, the pair may expand the range down to 1.1700. Later, the market may break the descending channel and resume trading upwards with the target at 1.1990.



Read more - Forex Technical Analysis & Forecast 31.03.2021
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Fibonacci Retracements Analysis 01.04.2021 (Brent, Dow Jones)

Brent

In the daily chart, the situation hasn’t changed much as the asset is still forming its descending correction after testing the long-term 76.0% fibo and a divergence on MACD. Right now, the price is moving close to its first target, 23.6% fibo at 58.00, and trading as if it can’t decide whether to continue falling or not. The next downside targets might be 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 02.04.2021 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the asset is still correcting within the uptrend. While testing the support area, the pair has formed several reversal patterns, including Engulfing. At the moment, EURUSD may reverse and form a pullback towards the resistance area. In this case, the correctional target may be at 1.1825. However, an alternative scenario implies that the price may continue falling to reach 1.1665 without testing the resistance area.



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

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Ichimoku Cloud Analysis 05.04.2021 (EURUSD, XAGUSD, USDRUB)

EURUSD, “Euro vs US Dollar”

The currency pair is trading at 1.1748 under the Ichimoku Cloud, suggesting a downtrend. A test of the lower border of the Cloud at 1.1765 is expected, followed by falling to 1.1625. An additional signal supporting the growth can be a bounce off the upper border of the descending channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 1.1855, which will entail further growth to 1.1945.The decline will be confirmed by a breakaway of the lower border of the Triangle and securing under 1.1685.



Read more - Ichimoku Cloud Analysis EURUSD, XAGUSD, USDRUB
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Murrey Math Lines 06.04.2021 (AUDUSD, NZDUSD)

AUDUSD, "Australian Dollar vs US Dollar"

On H4, the quotations have escaped the oversold area and are now trading above 1/8. We currently expect it to grow to 2/8. If this level is overcome, this will mean further growth to the resistance at 3/8. The scenario can be canceled by a breakaway of 1/8 downwards. In this case, the pair will return to 0/8.



Read more - Murrey Math Lines AUDUSD, NZDUSD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Forex Technical Analysis and Forecast 07.04.2021

EURUSD, “Euro vs US Dollar”

The currency pair formed a consolidation area around 1.1808 and broke it away upwards. Practically, the market suggested the extension og the wave of growth. Today the market has reached the local goal of this extension at 1.1877. We expect a new vonsolidation are to form under 1.1877, which might extend to 1.1880. Then the price might escape this range downwards, correcting to 1.1803 (a test from above) and then grow to 1.1909.



Read more - Forex Technical Analysis & Forecast 07.04.2021
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Fibonacci Retracement Analysis 08.04.2021 (BRENT, Dow Jones)

Brent

On H4, the situation has hardly changed. The quotations are forming a consolidation channel. After a test of a long-term Fibo level of 76.0% and a divergence, the wave of decline is just nearing the first target level of 23.6% (58.00). The next goals might be 38.2% (49.94) and 50.0% (43.46). A breakaway of the high of 71.07 might signal the end of the correction and further growth to the fractal high of 87.09.



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

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Japanese Candlestick Analysis 09.04.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD, "US Dollar vs Canadian Dollar"

On H4, the pair has formed several reversal patterns at the resistance line, including a Shooting star. Going by the patterns will currently make the quotations decline to the support level of 1.2455. Upon testing the support level, tge quotations might go on developing the downtrend. However, the price might still return to the resistance level at 1.2625 before resuming the downtrend.



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

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Ichimoku Cloud Analysis 12.04.2021 (EURUSD, GBPUSD, EURGBP)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1889; 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 1.1860 and then resume moving upwards to reach 1.2075. Another signal in favor of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1775. In this case, the pair may continue falling towards 1.1665.



Read more - Ichimoku Cloud Analysis EURUSD, GBPUSD, EURGBP
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Murrey Math Lines 13.04.2021 (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 test 0/8, rebound from it, and then resume moving downwards to reach the support at -1/8. However, this scenario may be canceled if the price breaks 1/8 to the upside. After that, the instrument may grow towards the resistance at 2/8.



Read more - Murrey Math Lines AUDUSD, NZDUSD
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Forex Technical Analysis & Forecast 14.04.2021

EURUSD, “Euro vs US Dollar”

After rebounding from 1.1877, EURUSD has broken 1.1920 to the upside. Possibly, today the pair may grow to reach 1.1967 and then start a new correction to test 1.1920 from above. Later, the market may resume trading upwards to reach 1.1980 and then form a new descending structure with the first target at 1.1860.



Read more - Forex Technical Analysis & Forecast 14.04.2021
 
RF roboforex

RF roboforex

Guest
Aug 6, 2019
390
Points
259
Ichimoku Cloud Analysis 14.08.2020 (EURUSD, ETHUSD, USDCAD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1822; 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 1.1795 and then resume moving upwards to reach 1.1925. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1735. In this case, the pair may continue falling towards 1.1655.



Read more - Ichimoku Cloud Analysis EURUSD, ETHUSD, USDCAD
 

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