04.09.2019

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after finishing the correction at 50.0% fibo and breaking the low, GBPUSD is still trading downwards. The next downside targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 1.2019 and 1.1788 respectively. The resistance is at 1.2286. At the same time, there is a convergence on MACD, which indicates slowdown of the descending tendency.

In the H1 chart, the pair is correcting to the upside and has already reached 38.2% fibo. The next target may be 50.0% fibo at 1.2133. The support is close to the low at 1.1958.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the daily chart, after breaking the significant low, EURUSD is still moving downwards. The targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 114.33 and 112.06 respectively. The resistance is at 117.96..

In the H4 chart, there is a convergence, which may indicate a possible pullback soon. The targets of this correction may be 23.6%, 38.2%, and 50.0% fibo at 117.18, 117.96, and 118.62 respectively. The support is near the low at 115.86.

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05.09.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is moving upwards, but the mid-term correction continues. The pair is heading towards 38.2% fibo at 0.6831 and may later reach 50.0% and 61.8% fibo at 0.6880 and 0.6928 respectively. After breaking the local support at 0.6677, the instrument may continue falling to reach the long-term low at 0.6547.

In the H1 chart, AUDUSD is steadily trading upwards, but there is a divergence on MACD, which may indicate a new pullback after the price reaches 38.2% at 0.6831. The targets of this pullback may be 23.6%, 38.2%, and 50.0% fibo at 0.6797, 0.6776, and 0.6759 respectively.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after breaking the previous high and testing 61.8% fibo, USDCAD couldn’t reach 76.0% fibo at 1.3433. There was a divergence on MACD, which made the pair start a new decline. By now, this decline has already reached 38.2% fibo and may yet continue towards 50.0%, 61.8%, and 76.0% fibo at 1.3198, 1.3156, and 1.3104 respectively. The local resistance is at 1.3295.

The H1 chart shows more detailed structure of the current decline. USDCAD is getting closer to 50.0% fibo at 1.3198.

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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.

06.09.2019

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, the correctional channel is transforming into Triangle. If the price breaks the current resistance live, BTCUSD will continue growing towards the high at 13857.20. More significant upside targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 15650.00 and 16790.00 respectively. At the same time, MACD lines are heading downwards, which means that the decline may yet continue towards 50.0% fibo at 8600.00.

In the H4 chart, the pair is correcting to the upside after finishing another descending wave and has already reached 50.0% fibo. In the future, the correction may continue towards 61.8% and 76.0% fibo at 11170.00 and 11595.00 respectively. The support is the low at 9322.70.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, the descending tendency reached 76.0% fibo and then there was a convergence on MACD. In this case, ETHUSD may start a new growth towards 23.6%, 38.2%, 50.0%, and 61.8% fibo at 200.00, 222.60, 240.80, and 259.15 respectively.

In the H1 chart, after completing the descending correction at 61.8% fibo, the price is starting a new impulse to the upside to reach the high at 183.09.

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09.09.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after updating the previous high and attempting to enter the post-correctional extension area between 138.2% and 161.8% fibo at 1555.95 and 1569.17 respectively, XAUUSD has started a new decline, which is now getting close to 38.2% fibo at 1497.40. The next possible targets may be 50.0%, 61.8%, and 76.0% fibo at 1478.60, 1460.25, and 1438.15 respectively.

In the H1 chart, after finishing the descending impulse, the pair is correcting and moving sideways between 23.6% and 38.2% fibo.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF continues forming the mid-term uptrend after the convergence. After correcting towards 23.6%, the pair is forming a new rising impulse and testing 38.2% fibo again. The next upside targets may be 50.0% and 61.8% fibo at 0.9948 and 1.0016 respectively.

The H1 chart shows more detailed structure of the current rising correction. USDCHF is forming a rising impulse towards the local high at 0.9929. After breaking it, the price may continue growing to reach the post-correctional extension area between 138.2% and 161.8% fibo at 0.9980 and 1.0010 respectively. The key support is at 0.9797.

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10.09.2019

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after entering the post-correctional extension area between 138.2% and 161.8% fibo at 1.0942 and 1.0889 respectively, EURUSD is correcting towards 50.0% fibo at 1.1088. In the future, the correction may continue to reach 61.8% and 76.0% fibo at 1.1126 and 1.1172 respectively.

In the H1 chart, after finishing the rising impulse, the pair is correcting downwards and has already reached 38.2% fibo. Later, the pullback may continue towards 50.0% and 61.8% fibo at 1.1006 and 1.0987 respectively. If the price breaks the high at 1.1085, the mid-term uptrend may continue.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the correctional uptrend continues; it has already reached 38.2% fibo. In the short-term, the price may start a new correction towards 23.6% fibo at 106.33. After the correction, USDJPY may resume moving upwards to reach 50.0% and 61.8% fibo at 108.42 and 109.37 respectively. The key support is at 104.45.

In the H1 chart, there is a divergence on MACD within the uptrend, which may indicate a new pullback soon with the target at 23.6%, 38.2%, and 50.0% fibo at 106.78, 106.33, and 105.98 respectively. If the price breaks the high at 107.50, the instrument may resume trading upwards.

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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.

11.09.2019

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after testing the post-correctional extension area between 138.2% and 161.8% fibo at 1.2019 and 1.1786 respectively, GBPUSD is trading upwards and has already reached 38.2% fibo at 1.2423. The next upside targets may be 50.0% and 61.8% fibo at 1.2567 and 1.2710 respectively. The key support is at 1.1958.

In the H1 chart, the pair is slowing down on its way towards 38.2% fibo at 1.2423 because of the convergence on MACD, which may indicate a new correction soon. The target of this pullback may be 23.6% fibo at 1.2245.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the convergence made EURJPY start a quick correctional uptrend, which is getting close to 50.0% fibo at 119.60. The next upside target may be 61.8% fibo at 120.49. The key support is the low at 115.86.

In the H1 chart, there is a divergence within the uptrend on MACD. After reaching 50.0% fibo at 119.60, the instrument is expected to start a new correction towards 23.6%, 38.2%, and 50.0% fibo at 118.71, 118.17, and 117.73 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.

12.09.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the current correctional uptrend has already reached 50.0% fibo and may continue growing towards 61.8% and 76.0% fibo at 0.6928 and 0.6984 respectively. At the same time, there is a divergence on MACD, which may indicate a possible correction.

In the H1 chart, there is a divergence on MACD, which is making AUDUSD slow down the current rising tendency. Possibly, after reaching 61.8% at 0.6928, the price may start a pullback. The target of this pullback may be 23.6%, 38.2%, 50.0%, and 61.8% fibo at 0.6871, 0.6836, 0.6807, and 0.6779 respectively.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the divergence made USDCAD start a new descending wave, which has already reached 61.8% fibo. In the nearest future, the pair may start a new pullback. After completing the pullback, the instrument may resume falling towards 76.0% fibo at 1.3103 and then the low at 1.3015.

In the H1 chart, the pair is correcting after the convergence and has already reached 23.6% fibo. The next upside targets may be 38.2% and 50.0% fibo at 1.3229 and 1.3258 respectively. The support is the low at 1.3134.

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13.09.2019

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, the correctional Triangle continues close to 38.2% fibo. If the price breaks the current resistance level and 23.6% fibo at 11375.00, BTCUSD will continue growing towards the high at 13857.20. At the same time, MACD lines are heading downwards, which means that the decline may yet continue towards 50.0% and 61.8% fibo at 8580.00 and 7350.00 respectively.

In the H4 chart, the pair is correcting to the upside after the convergence and has already reached 50.0% fibo. In the future, the correction may continue towards 61.8% fibo at 11170.00. The support is the low at 9322.70.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the daily chart, the descending tendency reached 76.0% fibo and then there was a convergence on MACD. However, the pullback that started later can’t be called very significant. Still, the pullback may yet continue towards 61.8% and 50.0% fibo at 200.55 and 231.70 respectively. After breaking 163.20, the instrument may plummet to reach 100.03.

The H4 chart shows more detailed structure of the current correction. By now, the pair has already reached 23.6% fibo. Later, the price may continue growing towards 38.2% and 50.0% fibo 192.54 and 201.60 respectively.

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15.08.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made AUDUSD start a new pullback, which was very close to 38.2% fibo at 0.6831 several times, but hasn’t reached it yet. After breaking this level, the pair may continue growing towards 50.0% fibo at 0.6880. When the correction is over, the instrument may break the local support at 0.6677 and then continue falling to reach the long-term low at 0.6547.

In the H1 chart, AUDUSD has been corrected to the downside by 50.0%. Right now, the pair is forming a new rising impulse towards the local high at 0.6822.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after reaching 50.0% fibo at 1.3180, USDCAD has rebounded towards the high. If the pair breaks it, the price may continue trading to reach 61.8% and 76.0% fibo at 1.3355 and 1.3433 respectively. Otherwise, the instrument may resume falling towards 50.0%, 61.8%, and 76.0% fibo at 1.3180, 1.3141, and 1.3095 respectively. The key target is the low at 1.3015.

In the H1 chart, USDCAD is trading upwards to reach the high at 1.3345. If the price breaks the high in the nearest future, the instrument may continue growing towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.3407 and 1.3445 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.

16.08.2019

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, after testing 23.6% fibo at 11350.00, BTCUSD failed to continue this rising impulse and started a new descending wave towards 50.0% and 61.8% fibo at 8600.00 and 7350.00 respectively.

In the H4 chart, the pair is about to complete the short-term pullback, which may be followed by a new descending impulse to reach 50.0% fibo at 8600.00. The resistance is at 11350.00.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the daily chart, after testing 50.0% and 61.8% fibo, ETHUSD started forming a new descending impulse; the target is 76.0% fibo at 163.20. At the same time, there is a convergence, which may indicate a possible pullback. The resistance is 50.0% fibo at 231.50.

In the H4 chart, the instrument is quickly falling and getting closer to 76.0% fibo at 163.20.

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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.