Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Japanese Candlesticks Analysis 14.05.2020 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the ascending tendency continues. By now, USDCAD has formed a Shooting Star pattern not far from the resistance level. However, the pair is not expected to reverse. Probably, the price may correct for a while and then resume growing towards 1.4141. Later, after testing 1.4141, the market may form a reversal pattern and rebound from the above-mentioned level.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Ichimoku Cloud Analysis 15.05.2020 (EURUSD, GBPUSD, NZDUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.0802; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0815 and then resume moving downwards to reach 1.0735. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.0860. In this case, the pair may continue growing towards 1.0955.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
hyip.com
Fibonacci Retracements Analysis 18.05.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the daily chart, after a long test of 76.0% fibo and a breakout of the previous high, XAUUSD is forming a new ascending impulse towards its all-time high at 1920.66. However, attempting to reach and test the target, the instrument is expected to rebound and correct downwards.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Forex Technical Analysis & Forecast 19.05.2020

EURUSD, “Euro vs US Dollar”

After expanding the consolidation range up to 1.0850 and forming an upside continuation pattern, EURUSD has reached 1.0924. Possibly, today the pair may form another consolidation range at the current highs. If later the price breaks 1.0898, the market may continue falling with the target at 1.0852.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Murrey Math Lines 20.05.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, is consolidating at 4/8. In this case, the price is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue trading downwards to reach the support at 2/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Japanese Candlesticks Analysis 21.05.2020 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after forming a Hanging Man pattern, XAUUSD has reversed; right now, it is correcting downwards to reach 1730.00. If later the price rebounds from this level, the uptrend may resume. In this case, the upside target may be at 1777.00



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Ichimoku Cloud Analysis 22.05.2020 (BTCUSD, AUDUSD, USDCAD)

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 9040.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 9185.00 and then resume moving downwards to reach 8505.00. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 9405.00. In this case, the pair may continue growing towards 9805.00.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Fibonacci Retracements Analysis 25.05.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after breaking the consolidation range and updating the high, XAUUSD is falling. The next upside targets were inside the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively, but the pair decided to test the previously-broken area. At the same time, there is a divergence on MACD, which indicates a possible correction towards 23.6%, 38.2%, and 50.0% fibo at 1690.70, 1645.40, and 1607.83 respectively.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Forex Technical Analysis & Forecast 26.05.2020

EURUSD, “Euro vs US Dollar”

After forming a new consolidation range around 1.0900, EURUSD is trying to break it to the upside. Possibly, the pair may trade upwards to reach 1.0932 and then fall towards 1.0910. Later, the market may form one more ascending structure to complete the correction at 1.0951 and then resume moving inside the downtrend with the target at 1.0834.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Murrey Math Lines 27.05.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from 3/8. In this case, the price is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue trading downwards to reach the support at 2/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Japanese Candlesticks Analysis 28.05.2020 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after growing towards the resistance level and forming a Shooting Star pattern, EURUSD is not expected to reverse. We may assume that after a slight correction the price may continue growing towards 1.1075.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Ichimoku Cloud Analysis 29.05.2020 (BTCUSD, XAUUSD, NZDUSD)

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 9494.00; 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 9285.00 and then resume moving upwards to reach 9965.00. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 8855.00. In this case, the pair may continue falling towards 8305.00.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Fibonacci Retracements Analysis 01.06.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the divergence made XAUUSD start a new decline to reach 23.6% fibo at 1690.70, which was later followed by another ascending impulse towards the high at 1764.86. If the pair breaks the high, it may continue growing to reach the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively. However, there is another scenario, according to which the instrument may rebound from the high start a new descending wave towards 38.2% and 50.0% fibo at 1645.40 and 1607.83 respectively.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Forex Technical Analysis & Forecast 02.06.2020

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1111. If later the price breaks the range to the downside at 1.1111, the market may correct with the target at 1.1000; if to the upside at 1.1155 – resume trading upwards to reach 1.1193 and then start a new correction towards the above-mentioned target.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Murrey Math Lines 03.06.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

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 towards 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 continue trading downwards to reach the support at 3/8.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Japanese Candlesticks Analysis 04.06.2020 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the descending tendency continues. By now, USDCAD has formed a Hammer pattern not far from the support level. However, the price is not currently expected to reverse. Most likely, in the nearest future, the pair may correct for a while and then continue falling towards the support area at 1.3460.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Ichimoku Cloud Analysis 05.06.2020 (EURUSD, USDCAD, AUDUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1361; 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 1.1310 and then resume moving upwards to reach 1.1445. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1185. In this case, the pair may continue falling towards 1.1105.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Fibonacci Retracements Analysis 08.06.2020 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the divergence prevented XAUUSD from updating the high at 1764.86 and made the pair start a new decline, which has already reached 23.6% fibo. The next downside targets may be 38.2%, 50.0%, and 61.8% fibo at 1645.06, 1607.83, and 1570.90 respectively.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Forex Technical Analysis & Forecast 09.06.2020

EURUSD, “Euro vs US Dollar”

After finishing the descending impulse at 1.1270, EURUSD is expected to correct with the target at 1.1330; right now, it is consolidating around 1.1290. If later the price breaks the range to the upside, the market may reach the above-mentioned target; if to the downside – resume trading inside the downtrend to reach 1.1200.



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RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
195
Points
259
Murrey Math Lines 10.06.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is consolidating between 3/8 and 5/8. In this case, the price is expected to test 3/8, rebound from it, and then resume growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue trading downwards to reach 1/8.



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