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Forex Software → Market Analysis → Forex Technical Analysis & Forecast by RoboForex
Technical Analysis & Forecast 19.04.2023
EURUSD, “Euro vs US Dollar”
The currency pair has completed a structure of correction to 1.0983. Today the market is forming a link of a new wave of decline to 1.0893. After the price reaches, this level, a link of growth to 1.0930 could form.
Read more - Technical Analysis & Forecast 19.04.2023
Ichimoku Cloud Analysis 20.04.2023 (EURUSD, USDCAD, AUDUSD)
EURUSD, “Euro vs US Dollar”
EURUSD is pushing off the support level. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower border of the Cloud at 1.0945 is expected, followed by growth to 1.1165. A signal confirming the growth will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud and securing under 1.0880, which will mean further falling to 1.0785.
Read more - Ichimoku Cloud Analysis EURUSD, USDCAD, AUDUSD
Japanese Candlesticks Analysis 21.04.2023 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs US Dollar”
On H4, near the support level, EURUSD has formed a Harami reversal pattern. Currently, the pair can go by the reversal signal in an ascending wave. The target for the correction will be 1.1050. However, the quotes may correct to 1.0910 and continue the uptrend after testing the support.
Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP
Ichimoku Cloud Analysis 24.04.2023 (EURUSD, USDCAD, USDJPY)
EURUSD, “Euro vs US Dollar”
EURUSD is pushing off the signal lines of the indicator. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower border of the Cloud at 1.0965 is expected, followed by growth to 1.1205. A signal confirming the growth will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud and securing under 1.0895, which will mean further falling to 1.0795.
Read more - Ichimoku Cloud Analysis EURUSD, USDCAD, USDJPY
Murrey Math Lines 25.04.2023 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In these circumstances, a downward breakout of 2/8 (0.6652) can be expected, followed by a decline to the support at 1/8 (0.6622). The scenario can be canceled by rising above the resistance at 4/8 (0.6713), which might lead to a trend reversal and growth of the pair to 5/8 (0.6744).
Read more - Murrey Math Lines AUDUSD, NZDUSD
Technical Analysis & Forecast 26.04.2023
EURUSD, “Euro vs US Dollar”
EURUSD completed a structure of a declining wave to 1.1000. At a certain point, the market formed a consolidation range around this level and, breaking it downwards, extended the range to 1.0963. A correction to 1.1000 (a test from below) looks possible today. Next, a decline to 1.0950 could follow.
Read more - Technical Analysis & Forecast 26.04.2023
Murrey Math Lines 27.04.2023 (USDCHF, XAUUSD)
USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI is approaching the resistance line. In this situation, a further decline to the nearest support at 0/8 (0.8789) is expected. The scenario can be canceled by rising above the resistance at 2/8 (0.9033). In this case, the pair may climb to 3/8 (0.9155).
Read more - Murrey Math Lines USDCHF, XAUUSD
Japanese Candlesticks Analysis 28.04.2023 (USDCAD, AUDUSD, USDCHF)
USDCAD, “US Dollar vs Canadian Dollar”
On H4, the pair has formed a Shooting Star reversal pattern. Currently, the instrument can go by the reversal signal in a descending wave. The target for the decline will be 1.3530. Next, the price could break the level and continue the downtrend. However, the price may pull back to 1.3660 before falling.
Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF
Ichimoku Cloud Analysis 02.05.2023 (GBPUSD, NZDUSD, USDCHF)
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud which reveals the prevalence of an uptrend. A test of the Kijun-Sen line at 1.2445 is expected, followed by growth to 1.2645. An additional signal confirming the growth will be a rebound from the lower border of the bullish channel. The scenario can be canceled by a breakout of the lower border of the Cloud and securing under 1.2405, which will mean further falling to 1.2315.
Read more - Ichimoku Cloud Analysis GBPUSD, NZDUSD, USDCHF
Technical Analysis & Forecast 03.05.2023
EURUSD, “Euro vs US Dollar”
The currency pair completed a structure of decline to 1.0943. At a certain point, the market returned to 1.0000 and formed a consolidation range around this level. If the price escapes the range upwards, the correction could continue to 1.1058. With an escape downwards, the wave of decline could continue to 1.0866.
Read more - Technical Analysis & Forecast 03.05.2023
Ichimoku Cloud Analysis 04.05.2023 (GBPUSD, USDCHF, NZDUSD)
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is testing the resistance area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2510 is expected, followed by growth to 1.2695. An additional signal confirming the decline will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud and securing under 1.2455, which will mean further falling to 1.2365.
Read more - Ichimoku Cloud Analysis GBPUSD, USDCHF, NZDUSD
Japanese Candlesticks Analysis 05.05.2023 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs US Dollar”
On H4, near the support level, the pair has formed a Hammer reversal pattern. The instrument is currently going by the reversal signal in an ascending wave. The growth target could be 1.1100. However, the price may correct to 1.1010 and continue the uptrend after testing the support.
Read more - Japanese Candlesticks Analysis EURUSD, USDJPY, EURGBP
Technical Analysis & Forecast 10.05.2023
EURUSD, “Euro vs US Dollar”
The currency pair completed a wave of decline to 1.0940. Today the market has performed a link of correction to 1.0976. A new structure of decline is expected to develop to 1.0933. This is a local target. After the price reaches this level, a correction to 1.0933 could develop, followed by a decline to 1.0895.
Read more - Technical Analysis & Forecast 10.05.2023
Murrey Math Lines 11.05.2023 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the support line. In these circumstances, the quotes are expected to rise above 7/8 (0.6805) and reach the resistance at 8/8 (0.9835). The scenario can be cancelled by a breakout of the support at 6/8 (0.6774). In this case, the pair could drop to the level of 4/8 (0.6713).
Read more - Murrey Math Lines AUDUSD, NZDUSD
Japanese Candlesticks Analysis 12.05.2023 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs US Dollar”
On H4, near the support level, the pair has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The corrective target could become 1.0965. However, the price might drop to 1.0890 and continue the downtrend without testing the resistance level.
Read more - Japanese Candlesticks Analysis GOLD
Ichimoku Cloud Analysis 15.05.2023 (USDCHF, USDCAD, AUDUSD)
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is pushing off the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.8935 is expected, followed by a rise to 0.9075. An additional signal confirming the rise will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud, securing under 0.8875, which will mean a further decline to 0.8785.
Read more - Ichimoku Cloud Analysis USDCHF, USDCAD, AUDUSD
Murrey Math Lines 16.05.2023 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of 3/8 (0.6683) is expected, followed by a decline to the support level of 1/8 (0.6622). The scenario can be cancelled by rising above the resistance at 4/8 (0.6713), which might lead to a trend reversal and growth of the pair to 6/8 (0.6774).
Read more - Murrey Math Lines AUDUSD, NZDUSD
Technical Analysis & Forecast 17.05.2023
EURUSD, “Euro vs US Dollar”
The currency pair has completed a wave of correction to 1.0903. Today the market is forming a wave of decline to 1.0833. And if this level also breaks, the potential for a decline to 1.0793 could open. This is a local target.
Read more - Technical Analysis & Forecast 17.05.2023
Ichimoku Cloud Analysis 18.05.2023 (BRENT, EURUSD, USDCAD)
BRENT
Brent has left the borders of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 75.05 is expected, followed by a rise to 80.36. An additional signal confirming the rise will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the lower border of the Cloud, securing under 73.05, which will mean a further decline to 68.00.
Read more - Ichimoku Cloud Analysis BRENT, EURUSD, USDCAD
Japanese Candlesticks Analysis 19.05.2023 (USDCAD, AUDUSD, USDCHF)
USDCAD, “US Dollar vs Canadian Dollar”
On H4, the pair has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be 1.3410. Next, the price will have a chance to break the support and continue the downtrend. However, a correction to 1.3550 before the decline is not excluded.
Read more - Japanese Candlesticks Analysis USDCAD, AUDUSD, USDCHF
Ichimoku Cloud Analysis 22.05.2023 (EURUSD, USDJPY, AUDUSD)
EURUSD, “Euro vs US Dollar”
EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0825 is expected, followed by a decline to 1.0645. An additional signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 1.0965, which will mean further growth to 1.1055.
Read more - Ichimoku Cloud Analysis EURUSD, USDJPY, AUDUSD
Murrey Math Lines 23.05.2023 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are under the 200-day Moving Average, representing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of 1/8 (0.6622) is expected, followed by a decline to the support level of 0/8 (0.6591). The scenario can be cancelled by rising above the resistance at 3/8 (0.6683), which could lead to a trend reversal and make the pair rise to 5/8 (0.6744).
Read more - Murrey Math Lines AUDUSD, NZDUSD
Technical Analysis & Forecast 24.05.2023
EURUSD, “Euro vs US Dollar”
The currency pair has completed a wave of decline to 1.0760. Today the market is correcting to 1.0789. After the correction will be over, a new wave of decline is expected to develop to 1.0740. This is a local target.
Read more - Technical Analysis & Forecast 24.05.2023
Murrey Math Lines 25.05.2023 (USDCHF, XAUUSD)
USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes have broken the 200-day Moving Average and are now above it, which indicates the probability of an uptrend development. The RSI is nearing the overbought area. In this situation, the quotes are expected to rise above 5/8 (0.9094) and reach the resistance level of 6/8 (0.9155). The scenario can be cancelled by a downward breakout of the support at 4/8 (0.9033). In this case, the pair could drop to 3/8 (0.8972).
Read more - Murrey Math Lines USDCHF, XAUUSD
Japanese Candlesticks Analysis 26.05.2023 (XAUUSD, NZDUSD, GBPUSD)
XAUUSD, “Gold vs US Dollar”
Near the support level, Gold has formed a Hammer reversal pattern. The instrument could now go by the reversal signal in an ascending wave. The growth target might be 1965.00. After testing the resistance, the price could rebound from it and continue the downtrend. However, the quotes could drop to 1930.50 without any correction.
Read more - Japanese Candlesticks Analysis XAUUSD, NZDUSD, GBPUSD
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