Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
107
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
107
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
107
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
107
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
107
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
107
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
107
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
107
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
107
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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