Forex Technical Analysis & Forecast by RoboForex

RF roboforex

RF roboforex

Well-known member
Aug 6, 2019
165
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
165
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
165
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
165
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
165
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
165
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
165
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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