Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Forex Technical Analysis & Forecast 09.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD has finished another descending wave at 1.0945; right now, it is consolidating above this level. Possibly, the pair may start another correction to the upside and reach 1.0967. Later, the market may form a new descending structure to break 1.0940 and then continue trading inside the downtrend with the target at 1.0920.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Japanese Candlesticks Analysis 10.10.2019 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After forming Shooting Star reversal pattern close to the resistance level, XAUUSD is moving sideways and testing the rising channel’s downside border. If the pair continues growing, it may return to 1531.00 to continue forming the ascending tendency. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may resume falling to reach 1485.00.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Murrey Math Lines 11.10.2019 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is still consolidating at 5/8. In this case, the price is expected to break this level and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling towards the support at 2/8.



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S

Shon Maykel

Active member
Oct 9, 2019
26
Points
55
Fibonacci Retracements Analysis 03.09.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after finishing the short-term pullback, EURUSD is forming a new descending impulse. It seems as if the previous low at 1.1027 couldn’t provide enough resistance to bears and now acts as the resistance for bulls. After breaking the previous low, the instrument continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.0942 and 1.0889 respectively.



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Forex trading is an online base business. There are many online businesses now at the present time. But due to the flexibility of the market most of the people now want to do online Forex trading. One can trade at any time anywhere from beside home even. There are simple types of trading platforms such as – desktop, web based, MT4 and mobile trading platforms which are much popular trading platforms.
 
RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Ichimoku Cloud Analysis 14.10.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6781; 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 0.6745 and then resume moving upwards to reach 0.6865. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6705. In this case, the pair may continue falling towards 0.6620.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Forex Technical Analysis & Forecast 16.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD has completed the first descending wave along with the correction at 1.1042; right now, it is consolidating around 1.1030. Possibly, the pair may fall towards 1.1031 and then grow to return to 1.1030. If later the price fall and breaks this range to the downside, the market may resume trading downwards to break 1.0998. After that, the instrument may continue moving inside the downtrend with the predicted target at 1.0955.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Japanese Candlesticks Analysis 17.10.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the ascending channel continues. By now, EURUSD has completed Harami reversal pattern close to the channel’s upside border. Later, after reversing, the price may form a new correction and then resume growing to reach 1.1111. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.1010.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Murrey Math Lines 18.10.2019 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading inside the “overbought area”. In this case, the price is expected to break 8/8 and then continue falling towards the support at 5/8. However, this scenario may no longer be valid if the price breaks +2/8 to the upside. After that, the line at the chart will be redrawn, thus indicating new upside targets.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Ichimoku Cloud Analysis 21.10.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6861; 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 0.6835 and then resume moving upwards to reach 0.6925. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6745. In this case, the pair may continue falling towards 0.6675.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Fibonacci Retracements Analysis 22.10.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

It would be better to analyze the current EURUSD situation in the daily chart. As we can see, there was a convergence on MACD, which made the pair start a new rising impulse. This impulse may be a part of the long-term tendency reverse. The closest target is 23.6% fibo at 1.1275, while the next ones may be 38.2% and 50.0% fibo at 1.1520 and 1.1716 respectively. The support is the low at 1.0879.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Forex Technical Analysis & Forecast 23.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD has finished the first descending wave towards 1.1122 along with the correction at 1.1153. Possibly, today the pair may form the second descending wave to reach 1.1100 and then start another correction with the target at 1.1126. Later, the market may resume trading inside the downtrend towards 1.1081.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Japanese Candlesticks Analysis 24.10.2019 (USDCAD, AUDUSD)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has formed several reversal patterns, including Harami, close to the support level. Right now, the pair is reversing and may continue growing towards 1.3186. However, we shouldn’t ignore another scenario, according to which the instrument may fall to reach 1.3050.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Murrey Math Lines 25.10.2019 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the rising tendency has stopped at 7/8. In this case, the price may complete the tendency and then start a new decline towards the support at 4/8. However, this scenario may no longer be valid if the price breaks 6/8 to the upside. After that, the instrument may continue growing and test the resistance at 7/8 again.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Ichimoku Cloud Analysis 28.10.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6813; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6805 and then resume moving upwards to reach 0.6920. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6775. In this case, the pair may continue falling towards 0.6685. After breaking the cloud’s upside border and fixing above 0.6870, the price may continue moving upwards.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Fibonacci Retracements Analysis 29.10.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after reaching 50.0% fibo, EURUSD is correcting to reach the local support, which is 23.6% fibo at 1.1005. After finishing this descending correction, the pair may start a new wave to the upside to reach 61.8% and 76.0% fibo at 1.1208 and 1.1248 respectively. however, one should pay attention to long-term 23.6% fibo at 1.1275. If the price reaches this level, the instrument may reverse the current long-term tendency..



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Forex Technical Analysis & Forecast 30.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD has expanded the consolidation range towards 1.1117; in fact, the entire range may be considered as a correction. Possibly, the pair may choose an alternative scenario to continue the correction towards 1.1122. According to the main scenario, the price is expected to form a new descending structure to reach 1.1086, which may later be followed by a new grow towards 1.1102 and then further decline with the target at 1.1033.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Japanese Candlesticks Analysis 31.10.2019 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. By now, XAUUSD has completed Inverted Hammer reversal pattern close to the support level. Ah the moment, the pair is reversing. In the future, the price may complete the correction and resume growing with the target at 1520.00. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling to reach 1488.50.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Murrey Math Lines 01.11.2019 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is again moving close to 7/8. In this case, the price is expected to rebound from this level and then resume trading downwards to reach the support at 5/8. However, this scenario may no longer be valid if the price breaks 7/8 to the upside. After that, the instrument may continue growing and test the resistance at 8/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Ichimoku Cloud Analysis 05.11.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6900; 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 0.6890 and then resume moving upwards to reach 0.7015. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6840. In this case, the pair may continue falling towards 0.6755.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
61
Points
148
Fibonacci Retracements Analysis 06.11.2019 (GBPUSD, EURJPY)

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, there was a divergence on MACD, which made GBPUSD complete the rising wave at 76.0% fibo at 1.3040 and start a new pullback. The support is at 1.2670. After completing the pullback, the instrument may start another rising impulse to reach the previous high at 1.3012 and then the key one at 1.3381.



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