Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Forex Technical Analysis & Forecast 13.01.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is moving upwards; it has reached its downside target at 1.1085. Possibly, the pair may break 1.1129 to the upside and then form one more ascending structure with the target at 1.1155. Later, the market may resume moving downwards to reach 1.1122.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Fibonacci Retracements Analysis 14.01.2020 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD is finishing the correctional downtrend at 61.8% fibo at 1.1079. there might be another descending wave, but it’s very unlikely. The main scenario implies that the price may form a new rising impulse to reach the local high at 1.1239 and then mid-term 76.0% fibo at 1.1248.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Murrey Math Lines 15.01.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is moving above 5/8. In this case, the price is expected to test this level, rebound from it, and then resume growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may start a new decline towards the support at 3/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Japanese Candlesticks Analysis 16.01.2020 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the correction within the ascending tendency continues. By now, XAUUSD has completed several Doji patterns. At the moment, the pair is reversing and may later reach 1525.00. After that, the price may continue growing towards 1600.00. However, one shouldn’t ignore another scenario, according to which the instrument may continue the ascending tendency towards 1525.00 without any corrections.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Ichimoku Cloud Analysis 17.01.2020 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6895; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may continue the correction, test the cloud’s upside border at 0.6920, and then resume moving downwards to reach 0.6805. 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 canceled if the price breaks the cloud’s upside border and fixes above 0.6955. In this case, the pair may continue growing towards 0.7035. After breaking the rising channel’s downside border and fixing below 0.6865, the price may resume moving downwards.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Fibonacci Retracements Analysis 20.01.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, there is a correction inside another correction. The first correctional descending wave has reached 38.2% fibo, while the next one may head towards 50.0% and 61.8% fibo at 1530.60 and 1511.80 respectively. After finishing the pullback, the instrument may resume trading upwards to reach the current high at 1611.29 and the post-correctional extension area between 138.2 and 161.8% fibo at 1599.45 and 1625.70 respectively.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Forex Technical Analysis & Forecast 21.01.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

After finishing the descending wave at 1.1080, EURUSD is correcting towards 1.1103. Possibly, today the pair may reach this level and then fall towards 1.1090, thus forming a new consolidation range. If later the price breaks this range to the upside, the instrument may form one more ascending structure towards 1.1137; if to the downside – start a new decline with the target at 1.1055.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Murrey Math Lines 22.01.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is moving above 5/8. In this case, the price is expected to break 6/8 and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may start a new decline towards the support at 3/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Japanese Candlesticks Analysis 23.01.2020 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the pair is no longer trading inside the ascending channel. Right now, EURUSD is still moving close to the support level and forming reversal candlestick patterns, such as Inverted Hammer, Doji, and Hammer. We may assume that later the price may reverse and get back to 1.1155 to continue the ascending tendency. However, one shouldn’t exclude a possibility that the price may resume falling towards 1.1070.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
88
Points
217
Ichimoku Cloud Analysis 24.01.2020 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6843; 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 0.6870 and then resume moving downwards to reach 0.6755. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6915. In this case, the pair may continue growing towards 0.7015.



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