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Forex Software → Market Analysis → Forex Technical Analysis & Forecast by RoboForex
Fibonacci Retracements Analysis 01.07.2021 (Brent, Dow Jones)
Brent
In the daily chart, after breaking the long-term 76.0% fibo and then reaching 75.70, Brent continues growing towards the long-term high at 87.09. However, a divergence on MACD may indicate a possible pullback or even a reversal.
Read more - Fibonacci Retracements Analysis Brent, Dow Jones
Japanese Candlesticks Analysis 02.07.2021 (XAUUSD, NZDUSD, GBPUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the asset continues moving sideways not far from the support level, where it has formed several reversal patterns, such as Harami and Doji. At the moment, XAUUSD may reverse and start a new decline to reach the support area at 1746.50. At the same time, an opposite scenario implies that the price may correct towards 1795.00 before resuming the descending tendency.
Read more - Japanese Candlesticks Analysis XAUUSD, NZDUSD, GBPUSD
Ichimoku Cloud Analysis 05.07.2021 (CADCHF, NZDUSD, USDCAD)
CADCHF, “Canadian Dollar vs Swiss Franc”
CADCHF is trading at 0.7411; 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 0.7440 and then resume moving upwards to reach 0.7530. Another signal in favor of a further uptrend will be a rebound from the downside border of a Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7420. In this case, the pair may continue falling towards 0.7330. To confirm further growth, the asset must break the pattern’s upside border and fix above 0.7495.
Read more - Ichimoku Cloud Analysis CADCHF, NZDUSD, USDCAD
Japanese Candlesticks Analysis 06.07.2021 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the correction continues. After testing the support area, the pair has formed several reversal patterns, including Hammer and Doji. At the moment, EURUSD may reverse and start a new pullback towards the resistance level. In this case, the correctional target may be at 1.1895. However, an alternative scenario implies that the price may fall to reach 1.1800 and continue the downtrend without any corrections.
Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP
Forex Technical Analysis & Forecast 07.07.2021
EURUSD, “Euro vs US Dollar”
After completing the correctional structure at 1.1893 along with the descending wave towards 1.1834, EURUSD has formed a new consolidation range around the latter level just to break it to the downside. Possibly, today the pair may return to 1.1834 to test it from below and then resume falling to reach 1.1777. After that, the instrument may form another consolidation range around this level.
Read more - Forex Technical Analysis & Forecast 07.07.2021
Fibonacci Retracements Analysis 08.07.2021 (Brent, Dow Jones)
Brent
In the daily chart, divergence on MACD made the asset complete its long-term uptrend, which earlier broke 76.0% fibo and reached 77.47, and start a new decline towards 23.6%, 38.2%, 50.0%, and 61.8% fibo at 62.86, 53.90, 46.60, and 39.40 respectively. However, if Brent resumes growing, it may be heading to break the current high at 77.47 and then reach the long-term one at 87.09.
Read more - Fibonacci Retracements Analysis 08.07.2021 (Brent, Dow Jones)
Japanese Candlesticks Analysis 09.07.2021 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the downtrend continues. After testing the channel’s upside border, the pair has formed several reversal patterns, including Harami. At the moment, EURUSD may reverse and resume trading downwards. In this case, the downside target may be at 1.1720. However, an alternative scenario implies that the price may correct to reach 1.1880 before resuming the downtrend.
Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP
Ichimoku Cloud Analysis 12.07.2021 (EURUSD, AUDNZD, GBPUSD)
EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1866; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1860 and then resume moving upwards to reach 1.2005. Another signal in favor of a further uptrend will be a rebound from the upside border of the Wedge pattern. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1785. In this case, the pair may continue falling towards 1.1705. To confirm further growth, the asset must break the cloud’s upside border and fix above 1.1915.
Read more - Ichimoku Cloud Analysis EURUSD, AUDNZD, GBPUSD
Murrey Math Lines 13.07.2021 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 2/8, break it, and then continue moving downwards to reach the support at 1/8. However, this scenario may be canceled if the price breaks 3/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 4/8.
Read more - Murrey Math Lines AUDUSD, NZDUSD
Japanese Candlesticks Analysis 14.07.2021 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the asset is correcting within the downtrend. After testing the resistance area, the pair has formed several reversal patterns, including Harami. At the moment, EURUSD may reverse and resume trading downwards. In this case, the downside target may be at 1.1717. However, an alternative scenario implies that the price may correct to reach 1.1880 before resuming the downtrend.
Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP
Fibonacci Retracements Analysis 15.07.2021 (Brent, Dow Jones)
Brent
In the H4 chart, divergence on MACD made the asset complete its long-term uptrend and start a new decline, which has already reached 38.2% and may later continue towards 50.0%, 61.8%, and 76.0% fibo at 70.99, 69.44, and 67.61 respectively. The key downside target is the fractal support at 64.50, a breakout of which may lead to a reversal of the long-term tendency. the resistance is the high at 77.47. If Brent breaks this level, the instrument may continue moving upwards to reach the long-term high at 87.09.
Read more - Fibonacci Retracements Analysis Brent, Dow Jones
Japanese Candlesticks Analysis 16.07.2021 (USDCAD, AUDUSD, USDCHF)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, the asset continues the correction. After forming a Shooting Star pattern close to the resistance level, USDCAD is reversing and may start a new decline towards the support area at 1.2510. After testing this level, the price may rebound from it and resume its ascending tendency. However, an alternative scenario implies that the asset may continue growing to reach 1.2645 without correcting towards the support area.
Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF
Ichimoku Cloud Analysis 19.07.2021 (USDCHF, USDJPY, XAGUSD)
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading at 0.9196; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9175 and then resume moving upwards to reach 0.9335. Another signal in favor of a further uptrend will be a rebound from the upside border of a Wedge reversal pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.9130. In this case, the pair may continue falling towards 0.9040.
Read more - Ichimoku Cloud Analysis USDCHF, USDJPY, XAGUSD
Murrey Math Lines 20.07.2021 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has reached the “oversold area”. In this case, the price is expected to rebound from 0/8 and then correct upwards to reach the resistance at 2/8. However, this scenario may be canceled if the price breaks 0/8 to the downside. After that, the instrument may reverse and fall towards the support at -2/8.
Read more - Murrey Math Lines AUDUSD, NZDUSD
Japanese Candlesticks Analysis 21.07.2021 (USDCAD, AUDUSD, USDCHF)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, the asset continues the correction. After forming a Shooting Star pattern close to the channel’s upside border, USDCAD is reversing and may start a new decline towards the support area at 1.2650. After testing this level, the price may rebound from it and resume its ascending tendency. However, an alternative scenario implies that the asset may continue growing to reach 1.2830 without correcting towards the support area.
Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF
Fibonacci Retracements Analysis 22.07.2021 (Brent, Dow Jones)
Brent
In the daily chart, divergence on MACD made the asset start a new bearish phase; the first descending wave is heading towards 23.6% at 62.90, while the next ones may later reach 38.2%, 50.0%, and 61.8% fibo at 53.90, 46.60, and 39.40 respectively. The resistance is the high at 77.47, a breakout of which may lead to a further uptrend towards the long-term high at 87.09. The current movement to the upside should be considered as a pullback after a quick decline, which may later be followed by another descending structure.
Read more - Fibonacci Retracements Analysis Brent, Dow Jones
Japanese Candlesticks Analysis 23.07.2021 (XAUUSD, NZDUSD, GBPUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the asset is still trading upwards. After forming several reversal patterns, such as Inverted Hammer, not from the support level, XAUUSD may reverse and start a new growth to reach the resistance area at 1830.00. At the same time, an opposite scenario implies that the price may correct towards 1795.00 before resuming its ascending tendency.
Read more - Japanese Candlesticks Analysis XAUUSD, NZDUSD, GBPUSD
Ichimoku Cloud Analysis 26.07.2021 (NZDUSD, GBPUSD, CADCHF)
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6963; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6970 and then resume moving downwards to reach 0.6805. Another signal in favor of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 0.7005. In this case, the pair may continue growing towards 0.7105.
Read more - Ichimoku Cloud Analysis NZDUSD, GBPUSD, CADCHF
Murrey Math Lines 27.07.2021 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to rebound from 1/8 and then move downwards to reach the support at -1/8. However, this scenario may be cancelled if the price breaks 1/8 to the upside. After that, the instrument may reverse and correct towards the resistance at 2/8.
Read more - Murrey Math Lines AUDUSD, NZDUSD
Forex Technical Analysis & Forecast 28.07.2021
EURUSD, “Euro vs US Dollar”
EURUSD has broken 1.1800 to the upside. Possibly, today the pair may continue the correction up to 1.1850 and then resume trading downwards to break 1.1770. After that, the instrument may continue falling within the downtrend with the target at 1.1600.
Read more - Forex Technical Analysis & Forecast 28.07.2021
Fibonacci Retracements Analysis 29.07.2021 (Brent, Dow Jones)
Brent
In the daily chart, after finishing the previous descending movement, Brent started moving upwards but then stopped close to the high at 77.47. This pause may be considered as consolidation before the asset breaks the high. After that, the price may continue growing towards the fractal high at 87.09. However, if the market rebounds from the high, it may start a new correction to the downside to reach 23.6%, 38.2%, 50.0%, and 61.8% fibo at 62.90, 53.90, 46.60, and 39.40 respectively.
Read more - Fibonacci Retracements Analysis Brent, Dow Jones
Japanese Candlesticks Analysis 30.07.2021 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the asset is still testing the resistance area, where it has formed several reversal patterns, including Doji. At the moment, EURUSD may reverse and start a new decline. In this case, the downside target may be at 1.1820. Later, the market may break the support level and continue trading downwards. However, an alternative scenario implies that the price may grow to reach 1.1900 first and then resume its decline.
Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP
Fibonacci Retracement Analysis 02.08.2021 (GOLD, USDCHF)[/size]
XAUUSD, "Gold vs US Dollar"
On D1 of gold, the last wave of growth tried to test the level of 61.8% (1923.00) Fibonacci but the quotations then dropped. Current growth may be interpreted as another attempt to raise gold prices but the market seems to lack power. In these circumstances, we should expect a wave of decline to break through the low of 1676.78. After a breakaway of the low, the quotations will be able to go on declining to 50.0% (1617.00) and 61.8% (1510.50). If the breakaway fails and turns into a bounce, another wave of growth will aim at 76.0% (1978.80) and the high of 2074.75.
Read more - Fibonacci Retracements Analysis GOLD, USDCHF
Murrey Math Lines 03.08.2021 (AUDUSD, NZDUSD)
AUDUSD, "Australian Dollar vs US Dollar"
On H4, the quotations have bounced off the support line at 0/8. This means, the pair is likely to test 1/8, break through it, and grow to the resistance level of 2/8. The scenario can be canceled by a breakaway of 0/8 downwards, which will lead to further falling to -1/8.
Read more - Murrey Math Lines AUDUSD, NZDUSD
Forex Tech Analysis & Forecast 04.08.2021
EURUSD, “Euro vs US Dollar”
The currency pair is trading without any pronounced trend around 1.1872. We expect a decline to 1.1846, followed by growth to 1.1872 (a test from below). Then a decline to 1.1838 should follow. Here the correction will come to its end. Then another structure of growth to 1.1922 is likely to begin.
Read more - Forex Tech Analysis & Forecast 04.08.2021
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