Archive for Technical Analysis – Page 2

Ichimoku Cloud Analysis 17.04.2018 (AUDUSD, NZDUSD, USDCAD)

Article By RoboForex.com AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7779; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7745 and then continue moving upwards to reach 0.7830. Another signal […]

EURUSD: bulls preparing to test 1.24

By Gabriel Ojimadu, Alpari Previous: On Monday the 16th of April, trading on the euro closed up. The euro started rallying as trading got underway in Europe. The main reason for this was the universal decline of the US dollar, brought about by America’s military action in Syria. Despite this, markets opened relatively peacefully. One thing […]

DAX30 Ascending Trend Line at Fibonacci 50.0 Retracement

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on US retail sales overnight exceeded expectations, and in particular car sales were higher in the US, which is good news for Dax30 car exporters. European Equities have been a little bit under pressure as the EUR continues to gain strength, making their exports more expensive. […]

Fibonacci Retracements Analysis 16.04.2018 (GOLD, USDCHF)

Article By RoboForex.com XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, the divergence made XAUUSD reverse and start a new descending correction, which has already reached the retracement of 50.0%. The next short-term downside targets may be the retracements of 61.8% and 76.0% at 1329.40 and 1321.20 respectively. If the […]

Forex Technical Analysis & Forecast 16.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By RoboForex.com EURUSD, “Euro vs US Dollar” EURUSD has finished the second descending impulse and right now is being corrected. Today, the price may form the third descending impulse with the target at 1.2282. Later, the market may start another growth to return to 1.2339 and then resume falling to reach 1.2222.   GBPUSD, […]

NZD/USD Progressive Zig-Zag Uptrend

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The NZD/USD has been in a steady uptrend with a progressive zig-zag pattern. At this point the price is within the POC zone 0.7337-0.7348 and we could see a spike towards 0.7386 with a potential for 0.7420. However if the price breaks below 0.7335 pay […]

EURUSD: stuck in a range of 1.2315 – 1.2355

By Gabriel Ojimadu, Alpari Previous: On Friday the 13th of April, trading on the single currency closed slightly up against the greenback. Trading was mixed, with the pair fluctuating within a range of 1.2307 – 1.2346 due to a lack of any new impetus. The euro came under pressure from the publication of the minutes of […]

Learn Why Multiple Time Frame Analysis is Key for Trading

By Admiral Markets Source: Shutterstock Dear traders, Do multiple charts give you that extra edge when analysing price patterns, trends, and Support & Resistance? It should provide a ton of extra value. For me, analysing the charts with the help of multiple time frames is an absolute must because it gives me the best possible […]

AUDUSD: Forex Technical Analysis – Positive data bullish for AUDUSD

By IFCMarkets Positive data bullish for AUDUSD February retail sales and trade surplus were higher than expected. Will the AUDUSD advance continue? The Reserve Bank of Australia left the interest rate at 1.5% and the policy unchanged at its April 3 meeting. Australian economic data have been mostly better than expected recently: retail sales growth […]

Forex Technical Analysis & Forecast 13.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By RoboForex.com EURUSD, “Euro vs US Dollar” EURUSD has finished the second descending impulse and right now is being corrected. Today, the price may grow with the target at 1.2339 and then fall to reach 1.2280. Later, the market may start another correction to return to 1.2339.   GBPUSD, “Great Britain Pound vs US […]

EURUSD: decline awaits the euro in Europe

By Gabriel Ojimadu, Alpari Previous: On Thursday the 12th of April, trading on the EURUSD pair closed down. As US president Trump dialed down his rhetoric on Syria, the US dollar got a boost along with US stocks and bond yields. Trump also mentioned that trade talks between Washington and Beijing are going well, which provided […]

GBP/JPY Rounding Bottom Pattern Could be Completed Soon

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The GBP/JPY formed a rounding bottom pattern that is almost close to its completion. Bulls have been dominating on 4h time frame and the price is very close to M H5 resistance. Monthly H5 indicates a strong resistance and the price could reject it. However […]

Fibonacci Retracements Analysis 12.04.2018 (AUDUSD, USDCAD)

Article By RoboForex.com AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, the convergence made AUDUSD finish the downtrend, reverse, and start a new rising correction, which has already reached the retracement of 23.6%. The next upside targets may be the retracements of 38.2%, 50.0%, and 61.8% at 0.7831, 0.7889, and 0.7946 respectively. The […]

Murrey Math Lines 12.04.2018 (USDCHF, GOLD)

Article By RoboForex.com USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF may break the 5/8 level and continue falling to reach the 3/8 one. As we can see in the H1 chart, the pair may rebound from the 5/8 level and then resume moving downwards to reach the first target at the 0/8 one.   XAUUSD, “Gold vs US Dollar” […]

EUR/GBP Indecision Between Trend Line Diagonals

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The EUR/GBP has been trapped within the narrow range of W L3 and W H3 Pivot. Slow price action indicates that we might expect a breakout when volatility gets higher. At this point, the price is stalling between the two trend line diagonals that also […]

EURUSD: 1.2338 – 1.2345 to provide strong support

By Gabriel Ojimadu, Alpari Previous: On Wednesday the 11th of April, trading on the EURUSD pair closed slightly up. The pair spent most of its time hovering around the 135th degree at 1.2380. Markets swung in all directions as they braced themselves for a potential strike in Syria by the US, France, or Germany. It’s been 48 […]