Archive for Technical Analysis

Fibonacci Retracements Analysis 25.05.2018 (BITCOIN, ETHEREUM)

Article By RoboForex.com BTCUSD, “Bitcoin vs US Dollar” As we can see in the H4 chart, the downtrend continues; it has already reached the retracement of 61.8%. The next downside target may be the retracement of 76.0% at 6449.40. However, one can see the convergence being formed which may indicate a new pullback after the […]

Forex Technical Analysis & Forecast 25.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By RoboForex.com EURUSD, “Euro vs US Dollar” EURUSD is forming descending structure with the target at 1.1670. After that, the instrument may grow towards 1.1720 and form another consolidation range between these two levels. If later the pair breaks this range to the upside, the market may be corrected to reach 1.1750; if to […]

GBP/USD Break Below the Equidistant Channel is Possible

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The GBP/USD has been in a steady progressive downtrend. We can clearly see the equidistant channel holding the bearish trend intact. The pair is currently underpinned by being kept below the Weekly L4 1.3380 so we might see a drop towards 1.3310, 1.3250 and 1.3200 […]

Fibonacci Retracements Analysis 24.05.2018 (AUDUSD, USDCAD)

Article By RoboForex.com AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is being corrected to the upside; the uptrend has reached the retracement of 50.0% at 0.7613. The next possible target is the retracement of 61.8% at 0.7660. However, if the price starts a new descending impulse and breaks the low at […]

Murrey Math Lines 24.05.2018 (USDCHF, GOLD)

Article By RoboForex.com USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF may break the 2/8 level and then continue growing towards the resistance at the 3/8 one. As we can see in the H1 chart, the price may break the 6/8 level and the continue trading upwards to reach the resistance at the 8/8 one. In the M15 chart, the […]

EURUSD: pair could hit a new low again

By Gabriel Ojimadu, Alpari Previous: On Wednesday the 23rd of May, trading on the euro closed down. US President Donald Trump was the main newsmaker for financial exchanges yesterday. He said that he wasn’t satisfied with how trade negotiations were going between the US and China and warned that his planned summit with North Korean leader […]

USD/CAD Rectangle Consolidation Above Ascending Trend Line

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The USD/CAD has been consolidating within the rectangle range above M L3 pivot point. Consolidation is also between the W L3 and H3 above the ascending trend line, so I assume the price is still bullish. 1.2760-1.2787 is the POC zone and we might expect […]

Yen and Lira fight back against USD

Article by ForexTime FOMC minutes were released not too long ago and they reveal that the June rate hike is very likely to happen after FED members were positive about the state of the economy and the recent rise in inflation. It also showed that if inflation did increase beyond forecasts they FED would likely […]

BRENT/RUBLE Analysis – PCI has significantly deviated from the moving average

By IFCMarkets PCI has significantly deviated from the moving average In this review, we suggest considering the personal composite instrument (PCI) “BRENT vs the ruble”. It reflects the dynamics of the price change per barrel of Brent relative to the Russian ruble. Will BRENT/RUB prices rise? The PCI declines when oil prices fall, and the […]

Fibonacci Retracements Analysis 23.05.2018 (GBPUSD, EURJPY)

Article By RoboForex.com GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, GBPUSD continues its descending movement, which has already reached the retracement of 61.8%. The next downside target may be the retracement of 76.0% at 1.3153. In the H1 chart, the pair is moving downwards, but at the […]

Forex Technical Analysis & Forecast 23.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By RoboForex.com EURUSD, “Euro vs US Dollar” EURUSD couldn’t grow any higher than 1.1825; however, by now it has completed the descending impulse towards 1.1770, broken its low, and right now is forming a downside continuation pattern. Possibly, today the price may continue falling to reach the short-term target at 1.1729. After that, the […]

UK Inflation and Fed minutes in focus

By Orbex  Daily Forex Market Preview, 23/05/2018 The U.S. dollar was seen trading mixed yesterday. Economic data was sparse for the day. The UK’s public sector net borrowing data showed that government borrowing fell to the lowest levels in a decade. The deficit dropped by 1.6 billion GBP on a year over year basis in […]

GBP/JPY Direct Drop After the Bearish SHS

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The GBP/JPY has dropped after the bearish SHS variant has been formed in 4h time frame. We can see how the trend line break caused a direct drop to W L5 camarilla pivot. This is the important zone 147.00-15. We might see a spike towards […]

Japanese Candlesticks Analysis 22.05.2018 (GOLD, NZDUSD)

Article By RoboForex.com XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after reaching the support level, forming several Hammer, Inverted Hammer, and Engulfing reversal patterns, and updating its low, XAUUSD has been corrected again. Judging by the previous movements, it may be assumed that after finishing the correction the price […]

Ichimoku Cloud Analysis 22.05.2018 (AUDUSD, NZDUSD, USDCAD)

Article By RoboForex.com AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7584; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7550 and then continue moving upwards to reach 0.7675. However, the scenario that Implies […]

EURUSD: bulls trying to develop the upwards correction

By Gabriel Ojimadu, Alpari Previous: On Monday the 21st of May, trading on the euro closed up. At the beginning of the European session, the single currency dropped to 1.1717 before rebounding. The euro initially rose against the dollar to 1.1779 and climbed further to 1.1796 during the US session. The euro fluctuated on the back […]