Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Fibonacci Retracements Analysis 10.02.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after re-testing 38.2% fibo, XAUUSD has stopped the descending wave in order to start a new correctional uptrend. One of the possible scenarios implies that the pair may break the current high at 1611.29 and reach the post-correctional extension area between 138.2 and 161.8% fibo at 1599.45 and 1625.70 respectively. However, the major scenario suggests that the instrument may continue its decline towards 50.0% and 61.8% fibo at 1530.60 and 1511.80 respectively.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Forex Technical Analysis & Forecast 11.02.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

After finishing the descending wave at 1.0909, EURUSD is forming a narrow consolidation range around it. Possibly, the pair may update 1.0905 and then start one more ascending structure towards 1.0922, thus forming a triangle pattern. After that, the instrument may break 1.0925 to the upside and start another correction with the target at 1.0960.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Murrey Math Lines 12.02.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after breaking 5/8, USDJPY is trading above it. In this case, the price is expected to continue 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
133
Points
259
Japanese Candlesticks Analysis 13.02.2020 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the descending tendency continues. After breaking the channel’s downside border, EURUSD has completed several reversal candlestick patterns, such as Hammer. Right now, the pair may start reversing. We may assume that later the price may test the channel’s downside border and then resume its decline to reach the support level at 1.0849. However, one shouldn’t exclude a possibility that the price may return inside the channel and grow towards 1.0991.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Ichimoku Cloud Analysis 14.02.2020 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6718; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6710 and then resume moving upwards to reach 0.6855. 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 canceled if the price breaks the cloud’s downside border and fixes below 0.6675. In this case, the pair may continue falling towards 0.6605. After breaking the resistance area and fixing above 0.6770, the price may resume moving upwards and complete a Double Bottom reversal pattern.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Fibonacci Retracements Analysis 17.02.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, correctional waves that follow each other are forming a Triangle pattern. After re-testing 38.2% fibo, XAUUSD is forming another rising wave. The major scenario implies that the pair may break the current high at 1611.29 and reach the post-correctional extension area between 138.2 and 161.8% fibo at 1599.45 and 1625.70 respectively. However, another scenario suggests that the instrument may continue its decline towards 50.0% and 61.8% fibo at 1530.60 and 1511.50 respectively.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Forex Technical Analysis & Forecast 18.02.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD continues falling. Possibly, today the pair may reach 1.0800 and then return to 1.0827 to test it from below. After that, the instrument may continue trading inside the downtrend with the target at 1.0792.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Murrey Math Lines 19.02.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

On H4, USDJPY is traded above the consolidation area. We are expecting a breakout of 6/8 and further growth to the resistance at 7/8. The scenario may be canceled by a breakout of 5/8, which may let the quotations decline to the support at 3/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Japanese Candlesticks Analysis 20.02.2020 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

On H4, the pair has returned into the ascending channel. At the moment, there is a reversal Hammer pattern formed around the support line. We may suppose that, executing the signal from he reversal candlestick pattern, the price will grow to 1.3275. However, a decline to 1.3200 is not impossible.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Ichimoku Cloud Analysis 21.02.2020 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6602; 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 0.6625 and then resume moving downwards to reach 0.6520. 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 0.6675. In this case, the pair may continue growing towards 0.6745.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Forex Technical Analysis & Forecast 25.02.2020

EURUSD, “Euro vs US Dollar”

After reaching the predicted upside target, EURUSD is consolidating around 1.0860. Possibly, today the pair may expand the range up to 1.0880 and then form a new descending structure to break 1.0842. After that, the instrument may continue the correction towards 1.0818.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Murrey Math Lines 26.02.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to test 6/8, rebound from it, and then resume falling towards the support at 4/8. However, USDJPY may avoid testing 6/8 because of a very serious “bearish” pressure. In this case, the price may break 5/8 and then continue trading downwards.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Japanese Candlesticks Analysis 27.02.2020 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After breaking the channel’ upside border and completing a Harami reversal pattern, XAUUSD has reversed; right now, it is still moving upwards. In this case, the upside target is at 1690.04. However, one shouldn’t ignore another scenario, according to which the instrument may return towards 1636.30.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Ichimoku Cloud Analysis 28.02.2020 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6518; 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 0.6545 and then resume moving downwards to reach 0.6455. 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 0.6595. In this case, the pair may continue growing towards 0.6675.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Fibonacci Retracements Analysis 02.03.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the daily chart, XAUUSD has failed to reach the long-term high at 76.0% fibo (1708.10): there was a divergence on MACD, which made the pair reverse and start a new decline. After reaching 23.6% fibo, the descending movement may continue towards 38.2%, 50.0%, and 61.8% fibo at 1527.70, 1478.00, and 1428.40 respectively. At the same time, one should realize that if the price breaks the long-term support at 50.0% fibo (1482.50), it will confirm the long-term trend reverse. The resistance is the high at 1689.26.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Japanese Candlesticks Analysis 05.03.2020 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the pair continues growing. By now, EURUSD has completed several reversal candlestick patterns, such as Shooting Star, close to the resistance level. Right now, the pair is reversing. We may assume that later the price may complete the correction and move to reach 1.1125. However, one shouldn’t exclude a possibility that the price may form a more significant pullback towards 1.1045.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Ichimoku Cloud Analysis 06.03.2020 (GBPUSD, XAUUSD, USDCAD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2950; 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 1.2880 and then resume moving upwards to reach 1.3105. 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 canceled if the price breaks the cloud’s downside border and fixes below 1.2765. In this case, the pair may continue falling towards 1.2685. After breaking the descending channel’s upside border and fixing above 1.3010, the price may resume moving upwards.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Forex Technical Analysis & Forecast 10.03.2020

EURUSD, “Euro vs US Dollar”

EURUSD has completed the ascending structure at 1.1494; right now, it is falling. Possibly, the pair may break 1.1353 and then continue trading downwards with the short-term target at 1.1230. After that, the instrument may form one more ascending structure to reach 1.11366 and then start a new decline towards 1.1215.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Murrey Math Lines 11.03.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is moving close to 3/8. In this case, the pair is expected to break this level and then continue falling towards the support at 2/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue trading upwards to reach the resistance 5/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
133
Points
259
Japanese Candlesticks Analysis 12.03.2020 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after finishing a Hanging Man pattern near the resistance level, USDCAD continues growing and updating its highs. Right now, the pair may start reversing; the downside target is at 1.3590. The current situation implies that after completing a pullback the price may resume growing towards 1.3830. At the same time, one shouldn’t exclude an opposite scenario, according to which the instrument may continue growing without forming a correction towards 1.3590.



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