Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Ichimoku Cloud Analysis 13.03.2020 (AUDUSD, USDCHF, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6305; 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 0.6315 and then resume moving downwards to reach 0.6045. 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 0.6485. In this case, the pair may continue growing towards 0.6565.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Fibonacci Retracements Analysis 16.03.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the daily chart, the divergence made the pair reverse to the downside after reaching 76.0% fibo at 1708.10. Right now, XAUUSD is getting closer to 38.2% fibo at 1496.50, which is a long-term support level not far from 50.0% fibo at 1482.50. After reaching and breaking this area, the price may continue falling towards 50.0% and 61.8% fibo at 1431.95 and 1367.80 respectively. The resistance is the high at 1703.17.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Forex Technical Analysis & Forecast 17.03.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

After forming the ascending structure towards the upside border of the consolidation range at 1.1230, EURUSD has finished another descending impulse along with the correction. Today, the pair may fall towards 1.1050 and then start a new correction with the target at 1.1140.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Murrey Math Lines 18.03.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is consolidating. It has already rebounded from 5/8 and right now is expected to continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue trading upwards to reach the resistance 6/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Japanese Candlesticks Analysis 19.03.2020 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, Gold is testing the support level. By now, it has formed several reversal patterns, such as Hammer. Possibly, the pair may reverse and start a new correction to reach 1535.00. However, one shouldn’t ignore another scenario, according to which the instrument may continue falling without any significant pullbacks. In this case, the downside target may be at 1450.00.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Ichimoku Cloud Analysis 20.03.2020 (USDCHF, USDRUB, USDJPY)

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9800; 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 0.9745 and then resume moving upwards to reach 1.0045. 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 0.9585. In this case, the pair may continue falling towards 0.9495.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Fibonacci Retracements Analysis 23.03.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the daily chart, the divergence made the pair form a new wave to the downside; the wave broke 38.2% fibo but later stopped not fare from 50.0% fibo at 1431.95. After finishing the correction, XAUUSD may resume trading downwards to reach 50.0% and 61.8% fibo at 1431.95 and 1367.80 respectively. The resistance is the high at 1703.17.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Forex Technical Analysis & Forecast 24.03.2020

EURUSD, “Euro vs US Dollar”

After forming the first ascending impulse towards 1.0825 and completing the correction at 1.0720, EURUSD has returned to 1.0825; right now, it is forming a new consolidation range around the latter level. Possibly, the pair may start the second ascending impulse to reach 1.0935. Today, the price may break 1.0825 to the upside and expand the range up to 1.0865 and then return to 1.0825 once again to test it from above. Later, the market may resume trading upwards with the short-term target at 1.0935.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Murrey Math Lines 25.03.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading above 5/8. In this case, the price is expected to continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8 to the downside. After that, the instrument may continue trading downwards to reach the support at 5/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Japanese Candlesticks Analysis 26.03.2020 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the pair continues the correction within the descending tendency; by now, EURUSD has formed several reversal candlestick patterns, such as Hammer, not far from the support level. At the moment, EURUSD is reversing. We may assume that later the price may correct to reach 1.1050. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.0550 without testing 1.1050.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Ichimoku Cloud Analysis 27.03.2020 (USDJPY, GBPUSD, USDCAD)

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 108.40; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 109.05 and then resume moving downwards to reach 106.75. 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 110.85. In this case, the pair may continue growing towards 111.75.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
130
Points
259
Fibonacci Retracements Analysis 30.03.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the daily chart, after falling and reaching 38.2% fibo, the pair has returned to its highs. There is a strong possibility that the price may break the high at 1703.13 and reach 76.0% fibo at 1708.85 but the main scenario implies a new wave to the downside with the targets at 50.0% (1431.95), 61.8% (1367.80), and 76.0% (1290.40).



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