26.09.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the current descending wave after the divergence has almost reached 76.0% fibo at 0.6737. The stable descending movement along with MACD lines indicate at further decline to reach and break the key low at 0.6677. At the same time, a local convergence on the Oscillator may hint at another pullback or even a new rising impulse towards 61.8% fibo at 0.6927.

Taking into account the convergence on MACD in the H1 chart, we may assume that AUDUSD may correct towards 23.6%, 38.2%, 50.0%, and 61.8% fibo at 0.6776, 0.6799, 0.6817, and 0.6835 respectively. The support is the low at 0.6737.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after finishing the ascending impulse, USDCAD has started a new correction, which may later transform into a new descending wave towards mid-term 76.0% fibo at 1.3103. However, if the correction breaks the local high at 1.3310, the instrument may continue growing to reach 1.3382.

In the H1 chart, the divergence on MACD made the pair start a new decline, which has already reached 38.2% fibo. In the future, the price may continue falling towards 50.0%, 61.8%, and 76.0% fibo at 1.3222, 1.3201, and 1.3177 respectively. The resistance is the high at 1.3310.

25.09.2019

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, there was a divergence on MACD, which made the pair start a new descending tendency after reaching 50.0% fibo. GBPUSD is slowly falling to reach 23.6% fibo, but a local ascending impulse hints at a new growth towards the high at 1.2518 and then mid-term 61.8% fibo at 1.2710. However, the key scenario implies further decline towards 38.2%, 50.0%, and 61.8% fibo at 1.2344, 1.2270, and 1.2197 respectively.

In the H1 chart, the pair is forming a new short-term correction after finishing another descending impulse. By now, the pullback has already reached 50.0% fibo and may yet continue towards 61.8% fibo at 1.2517. If the price breaks the local low at 1.2412, the mid-term decline may continue.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, after completing the correctional uptrend at 50.0% fibo, EURJPY is quickly trading downwards. By now, it has already reached 50.0% fibo. After finishing a short-term correction, the price may continue falling towards 61.8% and 76.0% fibo at 117.45 and 116.86 respectively. The key support is the low at 115.86.

In the H1 chart, the price is correcting upwards and has already reached 38.2% fibo. The next correctional wave may be heading towards 50.0% and 61.8% fibo at 118.79 and 119.02 respectively. The support is the low at 117.75.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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17.09.2019

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after reaching the post-correctional extension area between 138.2% and 161.8% fibo at 1.0942 and 1.0889 respectively again, EURUSD tried to grow and reach 61.8% fibo at 1.1126, but unsuccessfully. The current decline may be considered as a descending correction. The structure of this correction indicates uncertainty among investors, “turbulence” on the market, and a possibility of further expansion of the range, but the descending tendency is not over yet. Hence, the correction may yet continue to reach 61.8% and 76.0% fibo at 1.1126 and 1.1172 respectively in the short-term, but the key long-term targets are below the lows.

In the H1 chart, the local correction has reached 61.8% fibo, but the decline may yet continue towards 76.0% fibo at 1.0971. Later, the instrument may start a new rising impulse to reach the high at 1.1109.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the correctional uptrend continues; it has almost reached 50.0% fibo at 108.42. At the same time, there is a divergence on MACD, which indicates a possible short-term pullback towards 38.2% fibo at 107.48. After the correction, USDJPY may resume moving upwards to reach 61.8% fibo at 109.37.

In the H1 chart, there is a divergence on MACD within the uptrend, so we may try to define possible targets of the oncoming pullback. In case of the correctional downtrend, they may be 23.6%, 38.2%, and 50.0% fibo at 107.75, 107.36, and 107.06 respectively.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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16.09.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after reaching 38.2% fibo, XAUUSD has returned to 23.6% fibo. The current movement may be considered as a short-term correction before a new descending wave. The next downside targets may be 50.0%, 61.8%, and 76.0% fibo at 1478.60, 1460.25, and 1438.20 respectively. The key resistance is the high at 1557.00.

In the H1 chart, the convergence made the pair start a new pullback to the upside, which has already reached 50.0% fibo. The next upside targets may be 61.8% and 76.0% fibo at 1529.35 and 1539.60 respectively. The key support is the low at 1484.38.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the correctional uptrend has already reached 50.0% fibo. At the same time, there is a divergence on MACD, which may indicates a new descending wave. However, as long as the price doesn’t break the support at 0.9797, USDCHF is expected to continue growing towards the post-correctional extension area between 138.2% and 161.8% fibo at 0.9980 and 1.0010 respectively, as well as 61.8% fibo at 1.0016.

In the H1 chart, after reaching 61.8% fibo, USDCHF is correcting upwards. As long as the indicator lines are directed to the downside, one shouldn’t exclude a possibility that the price may fall to reach 76.0% fibo at 09833, while the rising impulse will be heading towards 0.9947.

Back to listAttention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.