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Forex Software → Market Analysis → Forex Technical Analysis & Forecast by RoboForex
Forex Technical Analysis & Forecast 21.12.2022
EURUSD, “Euro vs US Dollar”
The currency pair continues developing a consolidation range above 1.0595. With an escape downwards, a pathway for a wave of decline to 1.0530 will open. After this level is reached, a link of correction to 1.0595 is not excluded (a test from below), followed by a decline to 1.0460. The goal is first.
Read more - Forex Technical Analysis & Forecast 21.12.2022
Murrey Math Lines 22.12.2022 (USDCHF, XAUUSD)
USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes are in the oversold area. The RSI is testing the support level. The quotes are expected to break through 0/8 (0.9277) and grow to the resistance level of 1/8 (0.9399). The scenario can be cancelled by a downward breakaway of the support level of -1/8 (0.9155), in which case the pair may drop to -2/8 (0.9033).
Read more - Murrey Math Lines USDCHF, XAUUSD
Japanese Candlesticks Analysis 23.12.2022 (XAUUSD, NZDUSD, GBPUSD)
XAUUSD, “Gold vs US Dollar”
At the support level, gold has formed a Harami reversal pattern. Currently, the pair is going by the pattern in an ascending wave. The goal of the growth might be 1815.00. Upon testing the resistance level, the pair will get the chance to break through it and continue the uptrend. However, the quotes may pull back to 1779.85 before further growth.
Read more - Japanese Candlesticks Analysis XAUUSD, NZDUSD, GBPUSD
Ichimoku Cloud Analysis 26.12.2022 (GBPUSD, USDJPY, AUDUSD)
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair is pushing off the Tenkan-Sen line of the indicator. The instrument is going under the Ichimoku Cloud, which means a downtrend. A test of the Kijun-Sen line is expected at 1.2080, followed by falling to 1.1805. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.2305, which will mean further growth to 1.2405.
Read more - Ichimoku Cloud Analysis GBPUSD, USDJPY, AUDUSD
Murrey Math Lines 27.12.2022 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI has risen above the resistance line. An upwards breakaway of 7/8 (0.6774) is expected, followed by growth to the resistance level of 8/8 (0.6835). The scenario can be cancelled by a downward breakaway of the support level of 6/8 (0 6713). In this case, the pair may fall to 5/8 (0.6652).
Read more - Murrey Math Lines AUDUSD, NZDUSD
Forex Technical Analysis & Forecast 28.12.2022
EURUSD, “Euro vs US Dollar”
The currency pair completed an impulse of decline to 1.0611 and a link of correction to 1.0659. Practically the market has set the borders of a consolidation range. With an escape upwards, a pathway to 1.0730 will open. With an escape downwards, the wave might extend to 1.0592. And if this level gets broken as well, a pathway down to 1.0520 might open, followed by a correction to 1.0600 (a test from below) and a decline to 1.0460. The goal is first.
Read more - Forex Technical Analysis & Forecast 28.12.2022
Ichimoku Cloud Analysis 29.12.2022 (USDCHF, USDJPY, AUDUSD)
USDCHF, “US Dollar vs Swiss Franc”
The currency pair is correcting in a Wedge reversal pattern. The instrument is going below the Ichimoku Cloud, which indicates a downtrend. A test of the upper border of the Cloud is expected at 0.9305, followed by falling to 0.9115. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 0.9345, which will mean further growth to 0.9435. The decline will be confirmed by a breakaway of the lower border of the Triangle and securing under 0.9205.
Read more - Ichimoku Cloud Analysis USDCHF, USDJPY, AUDUSD
Japanese Candlesticks Analysis 30.12.2022 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs US Dollar”
On H4, at the support level, the pair has formed a Harami reversal pattern. The pair is now going by the signal in an ascending wave. The goal of the growth might be 1.0725. However, the price may pull back to 1.0610, bounce off it, and continue the uptrend without any correction.
Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP
Ichimoku Cloud Analysis 09.01.2023 (EURUSD, BRENT, USDCAD)
EURUSD, “Euro vs US Dollar”
The currency pair is pushing off the upper border of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0605 is expected, followed by growth to 1.0810. An additional signal confirming the growth will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.0555, which will mean further falling to 1.0465.
Read more - Ichimoku Cloud Analysis EURUSD, BRENT, USDCAD
Murrey Math Lines 10.01.2023 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are in the overbought area. The RSI has bounced off 70. In such circumstances, we should expect a downward breakaway of +1/8 (0.6897) and subsequent falling to the support level of 7/8 (0.6774). The scenario can be cancelled by rising over the resistance level of +2/8 (0.6958), which will entail reshuffling of the Murray lines, after which new goals will be set.
Read more - Murrey Math Lines AUDUSD, NZDUSD
Forex Technical Analysis & Forecast 11.01.2023
EURUSD, “Euro vs US Dollar”
The currency pair is consolidating near 1.0740. Today the price might spring to 1.0767. The goal is local. After this level is reached, correction to 1.0637 might start, followed by growth to 1.0788.
Read more - Forex Technical Analysis & Forecast 11.01.2023
Ichimoku Cloud Analysis 12.01.2023 (AUDUSD, GBPUSD, XAUUSD)
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair has pushed off the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6850 is expected, followed by growth to 0.7105. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.6755, which will mean further falling to 0.6645.
Read more - Ichimoku Cloud Analysis AUDUSD, GBPUSD, XAUUSD
Japanese Candlesticks Analysis 13.01.2023 (USDCAD, AUDUSD, USDCHF)
USDCAD, “US Dollar vs Canadian Dollar”
On H4, at the support level, the pair has formed a Hammer reversal pattern. The pair is now going by the signal in an ascending wave. The goal of the growth might be 1.3455; later the price might break through it and extend correction. However, the price may drop to 1.3300 without any correction at all.
Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF
Ichimoku Cloud Analysis 16.01.2023 (GBPUSD, USDJPY, XAUUSD)
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair is testing the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line is expected at 1.2175, followed by growth to 1.2365. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.1980, which will indicate further falling to 1.1875.
Read more - Ichimoku Cloud Analysis GBPUSD, USDJPY, XAUUSD
Murrey Math Lines 17.01.2023 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, which implies prevalence of an uptrend. The RSI is testing the support level. A test of 7/8 (0.7019) should be expected, followed by growth to the resistance level of 8/8 (0.7080). The scenario can be cancelled by a downward breakaway of 5/8 (0.6897). In this case, the pair may fall to 3/8 (0.6774).
Read more - Murrey Math Lines AUDUSD, NZDUSD
Forex Technical Analysis & Forecast 18.01.2023
EURUSD, “Euro vs US Dollar”
The currency pair has corrected to 1.0868. After the correction was over, a wave of decline to 1.0793 followed. At the moment, the market is forming a consolidation range around this level. Today an escape upwards is expected, so that the wave will extend to 1.0718. The goal is local.
Read more - Forex Technical Analysis & Forecast 18.01.2023
Murrey Math Lines 19.01.2023 (USDCHF, XAUUSD)
USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes are under the 200-day Moving Average, which indicates a downtrend. The RSI has bounced off the resistance line. As a result, a downward breakaway of 2/8 (0.9155) is expected, from where the pair is to fall to the support level of 0/8 (0.9033). The scenario can be cancelled by an upward breakaway of 3/8 (0.9216). In this case, the pair might rise to the resistance level of 4/8 (0.9277).
Read more - Murrey Math Lines USDCHF, XAUUSD
Japanese Candlesticks Analysis 20.01.2023 (XAUUSD, NZDUSD, GBPUSD)
XAUUSD, “Gold vs US Dollar”
At the resistance level, gold has formed a Shooting Star reversal pattern. The pair is currently going by the pattern in a descending wave. The goal of the correction might be 1915.00. Upon testing the support level, the pair may bounce off it and continue the uptrend. However, the quotes may grow to 1945.00 without testing the support level.
Read more - Japanese Candlesticks Analysis XAUUSD, NZDUSD, GBPUSD
Ichimoku Cloud Analysis 23.01.2022 (EURUSD, XAUUSD, USDCAD)
EURUSD, “Euro vs US Dollar”
The currency pair has secured above the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0855 is expected, followed by growth to 1.1065. An additional signal confirming the growth will be a bounce off the upper border of the Triangle pattern. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.0635, which will mean further falling to 1.0545.
Read more - Ichimoku Cloud Analysis EURUSD, XAUUSD, USDCAD
Murrey Math Lines 24.01.2023 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are nearing the overbought area, while the RSI is nearing the resistance line. A test of 8/8 (0.7080) should be expected, followed by a bounce off it and falling to the support level of 6/8 (0.6958). The scenario can be cancelled by rising over the resistance level of 8/8 (0.7080). In this case, growth of the pair will continue, and the quotes might rise to +1/8 (0.7141).
Read more - Murrey Math Lines AUDUSD, NZDUSD
Forex Technical Analysis & Forecast 25.01.2023
EURUSD, “Euro vs US Dollar”
The currency pair might demonstrate a structure of decline to 1.0835. Today the market has developed a structure of growth to 1.0892. At the moment, the market is forming a consolidation range around this level. With an escape upwards, the price might leap up to 1.0940. With an escape downwards, the wave of growth might continue to 1.0760.
Read more - Forex Technical Analysis & Forecast 25.01.2023
Ichimoku Cloud Analysis 26.01.2023 (XAUUSD, USDCHF, AUDUSD)
XAUUSD, “Gold vs US Dollar”
Gold has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1925 is expected, followed by growth to 1995. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1895, which will mean further falling to 1845.
Read more - Ichimoku Cloud Analysis XAUUSD, USDCHF, AUDUSD
Japanese Candlesticks Analysis 27.01.2023 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs US Dollar”
On H4, at the support level, the pair has formed a Harami reversal pattern. The instrument may now go by the signal in an ascending wave. The goal of the growth will be 1.0980. However, the price may pull back to 1.0830, bounce off the level, and continue the uptrend after the correction.
Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP
Ichimoku Cloud Analysis 30.01.2023 (AUDUSD, GBPUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.7005 is expected, followed by growth to 0.7315. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.6930, which will mean further falling to 0.6840.
Read more - Ichimoku Cloud Analysis AUDUSD, GBPUSD, NZDUSD
Murrey Math Lines 31.01.2023 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI is testing the support line. The price is likely to rise above 2/8 (0.7080) and then grow to the resistance level of 3/8 (0.7202). The scenario can be cancelled by a downward breakaway of the support level of 1/8 (0.6958). In this case, the pair may drop to the support level of 0/8 (0.6835).
Read more - Murrey Math Lines AUDUSD, NZDUSD
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