Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Ichimoku Cloud Analysis 10.04.2020 (EURUSD, GBPUSD, AUDUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.0940; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0905 and then resume moving upwards to reach 1.1025. 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 1.0835. In this case, the pair may continue falling towards 1.0745.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Fibonacci Retracements Analysis 13.04.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is forming a mid-term ascending wave towards the local high at 1703.17. If the pair breaks this level, it may reach 76.0% fibo at 1708.85. At the same time, the key upside targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively. After testing this area, the price may correct downwards and then attack the all-time high at 1920.66. The support remains at 1451.18.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Forex Technical Analysis & Forecast 14.04.2020

EURUSD, “Euro vs US Dollar”

After finishing the first descending structure with the short-term target at 1.0892, EURUSD has completed the correction towards 1.0945. Possibly, the pair may break the correctional channel to the downside and then form a new descending structure with the first target at 1.0884. Later, the market may start another growth to reach 1.0925.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Murrey Math Lines 15.04.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, after breaking 5/8, USDJPY is consolidating. In this case, the price 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 at 6/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Japanese Candlesticks Analysis 16.04.2020 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is no longer moving inside the rising channel. By now, after forming a Hammer pattern not far from the support level, EURUSD has completed another correction We may assume that later the price may rebound from the support level and then resume the ascending tendency. In this case, the upside target may be at 1.1030. At the same time, there is another scenario, which implies that the price may continue falling to reach 1.0830.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Ichimoku Cloud Analysis 17.04.2020 (NZDUSD, USDCAD, XAUUSD)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6007; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6015 and then resume moving downwards to reach 0.5885. 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 0.6060. In this case, the pair may continue growing towards 0.6140. After breaking the cloud’s downside border and fixing below 0.5945, the price may resume moving downwards.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Fibonacci Retracements Analysis 20.04.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after updating its previous high, the ascending wave has reached 76.0% fibo. XAUUSD might have continued its growth to reach the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively, but there was a divergence on MACD to indicate a тку pullback to the downside. The support remains at the low at 1451.18.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Forex Technical Analysis & Forecast 21.04.2020

EURUSD, “Euro vs US Dollar”

After breaking 1.0844 to the downside, EURUSD is still forming the fifth descending wave with the short term target at 1.0810. After that, the instrument may start another correction to return to 1.0844 and then resume falling inside the downtrend to reach 1.0792.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Murrey Math Lines 22.04.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from 5/8. In this case, the price is expected to resume falling towards the support at 4/8. 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 at 6/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Japanese Candlesticks Analysis 23.04.2020 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the pair is forming an ascending tendency. At the moment, after completing an Engulfing pattern and then attempting to reverse, AUDUSD is correcting. The upside target may be at 1.4320. At the same time, there might be another scenario, which implies that the instrument may fall towards the support level at 1.4000.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Ichimoku Cloud Analysis 24.04.2020 (XAUUSD, EURUSD, BTCUSD)

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1724.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s downside border at 1710.00 and then resume moving upwards to reach 1775.00. 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 1685.00. In this case, the pair may continue falling towards 1625.00.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Fibonacci Retracements Analysis 27.04.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after falling and reaching 23.6% fibo, XAUUSD is moving towards the high at 1747.77. If the price breaks it, the pair may continue its growth to reach the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively. At the same time, one should note that the rising impulse was slowed down as it was approaching the high. In this case, there is a high probability of a new descending wave with the targets at 38.2% and 50.0% fibo at 1634.40 and 1599.50 respectively.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Forex Technical Analysis & Forecast 28.04.2020

EURUSD, “Euro vs US Dollar”

After finishing the ascending structure at 1.0859, EURUSD is forming a new descending impulse to reach 1.0800 and may later grow towards 1.0830, thus forming a new consolidation range. According to the main scenario, the price is expected to break 1.0800 to the downside and then resume trading inside the downtrend with the short-term target at 1.0730. However, if the pair breaks 1.0860 to the upside, the instrument may choose an alternative scenario and extend the correction up to 1.0915. Later, the market may complete the correction and start a new decline with the key downside target at 1.0707.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Ichimoku Cloud Analysis 29.04.2020 (NZDUSD, XAUUSD, USDCAD)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6101; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6075 and then resume moving upwards to reach 0.6305. Another signal to confirm further ascending movement is the price’s rebounding from the descending 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 0.5965. In this case, the pair may continue falling towards 0.5885.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Japanese Candlesticks Analysis 30.04.2020 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after testing the channel’s downside border, XAUUSD has formed several reversal patterns, such as Doji. At the moment, the pair is reversing. In this case, the upside target may be at 1750.00. At the same time, the instrument may choose an opposite scenario and continue trading upwards only after the correction towards 1680.00.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Forex Technical Analysis & Forecast 06.05.2020

EURUSD, “Euro vs US Dollar”

After rebounding from 1.0900, EURUSD continues falling with the target at 1.0820. According to the main scenario, the price is expected to reach this level and then consolidate near these lows. After that, the instrument may break the range to the upside and start a new correction to return to 1.0900 and test it from below.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Japanese Candlesticks Analysis 07.05.2020 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after falling towards the support level and forming a Hammer pattern, EURUSD is reversing. We may assume that later the price may rebound towards 1.0920 to continue the ascending tendency. At the same time, there is another scenario, which implies that the price may continue falling to reach 1.0740.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Ichimoku Cloud Analysis 08.05.2020 (XAUUSD, EURUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1716.00; 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 1700.00 and then resume moving upwards to reach 1765.00. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1685.00. In this case, the pair may continue falling towards 1665.00. To confirm further growth, the asset must break the resistance level and fix above 1725.00, thus completing the Triangle pattern.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Forex Technical Analysis & Forecast 12.05.2020

EURUSD, “Euro vs US Dollar”

EURUSD has finished the descending wave at 1.0790; right now, it is growing towards 1.0830. Possibly, the pair may reach this level and then resume trading downwards with the short-term target at 1.0763.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
Points
259
Murrey Math Lines 13.05.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after leaving the “oversold area”, USDJPY is trading between 1/8 and 2/8. In this case, the price is expected to rebound from 1/8 and then resume growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue trading downwards to reach the support at 0/8.



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