Jump to content

Market Technical Analysis by RoboForex


Recommended Posts

Japanese Candlesticks Analysis 17.04.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument might go by the reversal signal in a correction wave. The pullback target could be 1.3795. Next, the price might rebound from the support and continue its upward momentum. However, the quotes could rise to 1.3875 without testing the support level.

1.thumb.png.2cff0f9c988ebb11be787942f499abde.png

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The correction target might be 0.6440. After testing the resistance level, the quotes could rebound from it and maintain their downward trajectory. However, the price might fall to 0.6375 without a pullback.

2.thumb.png.d305ec738ac26b7d3f0c97dbc8ab2ead.png

USDCHF, “US Dollar vs Swiss Franc”
USDCHF has formed a Doji reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could still be 0.9185. Upon testing the resistance level, the price might break above it and continue developing the uptrend. However, the quotes could pull back to 0.9075 before rising.

3.thumb.png.71214f3fc41fd8ac32911f003a11d1a7.png

 

Read more - Japanese Candlesticks Analysis (USDCAD, AUDUSD, USDCHF)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 18.04.2024 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”
USDCHF quotes are above the 200-day Moving Average on D1, indicating the prevalence of an uptrend. However, a divergence has formed on the RSI. As a result, in this situation, a test of the 6/8 (0.9033) level is expected, followed by a breakout and a price decline to the support at 5/8 (0.8911). This decline could be interpreted as a correction of an uptrend. The scenario might be cancelled by a breakout of the resistance at 7/8 (0.9155). In this case, the pair could rise to the 8/8 (0.9277) level.

1.thumb.png.300d7370909ad788a85bd746a2c96d83.png

On M15, the lower boundary of the VoltyChannel is broken, which increases the probability of a further price decline.

2.thumb.png.e5ad80febb054adbd69abc68892225fc.png

XAUUSD, “Gold vs US Dollar”
Gold quotes are above the 200-day Moving Average on D1, indicating the prevalence of an uptrend. However, the RSI is in the overbought area. In this situation, a rebound from 3/8 (2375.00) is expected, followed by a price decline to the support at 2/8 (2250.00). This movement could be interpreted as a correction of an uptrend. The scenario might be cancelled by rising above 3/8 (2375.00), in which case, the quotes could grow to the resistance at 4/8 (2500.00).

3.thumb.png.1a4874139f52d1d08b02fa89d5a9bafc.png

Read more - Murrey Math Lines (USDCHF, XAUUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 19.04.2024 (Brent, S&P 500)

[B]Brent[/B]
Brent quotes are above the 200-day Moving Average on D1, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. As a result, in this situation, a test of 5/8 (90.62) is expected, followed by a breakout of this level and a price rise to the resistance at 6/8 (93.75). The scenario could be cancelled by a breakout of the 4/8 (87.50) level. In this case, the quotes could drop to the support at 3/8 (84.38).

1.thumb.png.989c82772e266df2d0239b96a852a56d.png

On M15, the upper boundary of the VoltyChannel is broken, which increases the probability of a further price rise.

2.thumb.png.0346ff9fea177fa5107e1e64b65e94bd.png

[B]S&P 500[/B]
S&P 500 quotes are above the 200-day Moving Average on D1, indicating the prevalence of an uptrend. The RSI has reached the oversold area. In this situation, the quotes are expected to rise above 0/8 (5000.0), rising to the resistance level of +1/8 (5156.2) afterwards. The scenario could be cancelled by breaking the 7/8 (4843.8) level, in which case the price might continue declining and reach the support at 6/8 (4687.5).

3.thumb.png.8bc985745bf99514dbb7016782143b06.png

Read more - Murrey Math Lines (Brent, S&P 500)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 22.04.2024 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”
EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is approaching the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level, rebound from it, and decline to the support at 2/8 (1.0498). The scenario might be cancelled by a breakout of the 3/8 (1.0620) level. In this case, the pair could maintain its downward trajectory without corrective growth, falling to the support at 2/8 (1.0498).

1.thumb.png.d6e1ef82035016752720f65af7be385b.png

On M15, following a rebound from the 4/8 (1.0772) level, the price decline could be additionally supported by a breakout of the lower line of the VoltyChannel.

2.thumb.png.776fa331950efba893337813f8c93fb6.png

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD quotes are below the 200-day Moving Average on D1, which indicates a prevailing downtrend. However, the RSI has reached the oversold area. In this situation, the price is expected to surpass the 2/8 (1.2451) level and rise to the resistance at 3/8 (1.2573). The scenario could be cancelled by a breakout of the 1/8 (1.2329) level. In this case, the pair might decline to the support at 0/8 (1.2207).

3.thumb.png.aa3de7a78fa13d44c92fe68fc6b666a7.png

Read more - Murrey Math Lines (EURUSD, GBPUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 23.04.2024 (AUDUSD, NZDUSD)[/SIZE]

AUDUSD, "Australian Dollar vs US Dollar"
AUDUSD quotes are below the 200-day Moving Average on D1, indicating the prevalence of a downtrend. However, a convergence has formed on the RSI. As a result, in this situation, the quotes are expected to rise above 2/8 (0.6469), later reaching the resistance at 4/8 (0.6591). The scenario could be cancelled by a breakout of the 1/8 (0.6408) level. In this case, the price might return to the support at 0/8 (0.6347).

1.thumb.png.8454b657ecf9b2e621bcd0c1247d6b6e.png

On M15, the upper boundary of the VoltyChannel is breached, which increases the probability of a further price rise.

2.thumb.png.1e0006f0d7034596ae7b41390dedac26.png

NZDUSD, "New Zealand Dollar vs US Dollar"
NZDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend, while a convergence has formed on the RSI. In this situation, the quotes are expected to breach 1/8 (0.5920), subsequently rising towards the resistance at 4/8 (0.6103). The scenario could be cancelled by a breakout of the 0/8 (0.5859) level, in which case the quotes could drop to the support at -1/8 (0.5798).

3.thumb.png.4eda35ce533e4dda55a3dcb2147773d8.png

Read more - Murrey Math Lines (AUDUSD, NZDUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 24.04.2024 (USDJPY, USDCAD)

USDJPY, “US Dollar vs Japanese Yen”
USDJPY quotes and the RSI remain in the overbought areas on D1. In this situation, the price is expected to test the +2/8 (156.25) level, rebound from it, and decline to the support at 0/8 (150.00). The scenario could be cancelled by surpassing the +2/8 (156.25) level, which might reshuffle the Murrey indication, setting new price movement targets.

1.thumb.png.dc9a31c45840328962b5ae5df3c78d3d.png

On M15, following a rebound from the +2/8 (156.25) level on D1, the price decline could be additionally confirmed by a breakout of the lower line of the VoltyChannel.

2.thumb.png.9dcbf760b2dbe989a8b6736ddf0c166e.png

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD quotes have breached the 8/8 (1.3671) level and exited the overbought area on D1. The RSI has broken below the support line. In this situation, the price is expected to maintain its downward trajectory towards 6/8 (1.3427). The scenario could be cancelled by rising above the 8/8 (1.3671) level. In this case, the pair might resume growth, with the quotes returning to the +1/8 (1.3793) resistance level.

3.thumb.png.bcdac8455a4655c2e1b208126a32b1e2.png

Read more - Murrey Math Lines (USDJPY, USDCAD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Japanese Candlesticks Analysis 25.04.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 1.3770. Next, the price could break the level and continue developing the uptrend. However, the quotes might correct towards 1.3660 before rising.

1.thumb.png.061762e512ff87702e7fad3eb7583129.png

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has formed a Harami reversal pattern on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be 0.6475. Upon testing the support, the quotes could break the level and continue developing the downtrend. However, the quotes might rise to the 0.6560 level before the decline.

2.thumb.png.79cb6a7828f09ac5fb4e014f63588338.png

USDCHF, “US Dollar vs Swiss Franc”
USDCHF has formed a Harami reversal pattern on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target might be 0.9100. After testing the support, the price could rebound from this level and continue developing the uptrend. However, the quotes might rise towards 0.9190 without correcting to the support.

3.thumb.png.59921150480fb6671610de7e73fea83e.png

Read more - Japanese Candlesticks Analysis (USDCAD, AUDUSD, USDCHF)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Posted (edited)

Murrey Math Lines 26.04.2024 (Brent, S&P 500)

Brent
Brent quotes are above the 200-day Moving Average on D1, which indicates the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 5/8 (90.62), after which they might reach the resistance at 6/8 (93.75). The scenario could be cancelled by breaching the 4/8 (87.50) level. In this case, Brent quotes could drop to the support at 3/8 (84.38).

1.thumb.png.144221da472a02fcdb1a7e5ef7c246a3.png

On M15, the upper boundary of the VoltyChannel is broken, which increases the probability of a further price rise.

2.thumb.png.39d87887fcbb303f9cbf1702b5fa6d7c.png

S&P 500
The S&P 500 quotes are in the overbought area, while the RSI is approaching the resistance line. In this situation, a test of +1/8 (5156.2) is expected, after which the quotes could rebound from this level and drop to the support at 7/8 (4843.8). The scenario might be cancelled by a breakout of the +1/8 (5156.2) level, in which case the S&P 500 quotes could rise to the resistance at +2/8 (5312.5).

3.thumb.png.5148fe9f9e89284b80549a0f54e876fd.png

Read more - Murrey Math Lines (Brent, S&P 500)

Attention!
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.

Sincerely,
The RoboForex Team

Edited by RBFX Support
Link to comment
Share on other sites

Murrey Math Lines 29.04.2024 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”
EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level, rebound from it, and decline to the support at 2/8 (1.0498). The scenario might be cancelled by surpassing the 4/8 (1.0772) level. In this case, the pair could reach the resistance at 5/8 (1.0864).

1.thumb.png.1a0d335258145345981c63112f9c0963.png

On M15, following a rebound from the 4/8 (1.0772) level, the price decline could be additionally supported by a breakout of the lower line of the VoltyChannel.

2.thumb.png.7f7f9aa5a871be6bc83f7d715a65d167.png

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD quotes are below the 200-day Moving Average on D1, which indicates a prevailing downtrend. The RSI is approaching the resistance line. In this situation, the price is expected to test the 3/8 (1.2573) level and rebound, falling to the support at 2/8 (1.2451). The scenario could be cancelled by a breakout of the 3/8 (1.2573) level, which might lead to a trend reversal, pushing the pair up to the resistance at 4/8 (1.2695).

3.thumb.png.7370b367ccd4233b49a3f5c5ab68eddc.png

Read more - Murrey Math Lines (EURUSD, GBPUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 02.05.2024 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”
EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. However, the RSI has surpassed the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level and break above it, rising to the resistance at 5/8 (1.0864). The scenario might be cancelled by a rebound from the 4/8 (1.0772) level. In this case, the pair could fall to the support at 3/8 (1.0620).

1.thumb.png.1604b3effcbc93eb8ebecb8b3ad88e24.png

On M15, the upper boundary of the VoltyChannel is broken, which increases the probability of a further price rise.

2.thumb.png.b4b9e75d12a0d7fc546f6ae07755513f.png

GBPUSD, “Great Britain Pound vs US Dollar”
The GBPUSD chart shows a similar situation, with the quotes hovering below the 200-day Moving Average on D1, indicating a prevailing downtrend. However, the RSI has surpassed the resistance line. In this situation, the price is expected to break above the 3/8 (1.2573) level and rise to the resistance at 4/8 (1.2695). The scenario might be cancelled by a rebound from the 3/8 (1.2573) level, pushing the pair down to the support at 2/8 (1.2451).

3.thumb.png.e6b88eecac9c6cdf0f54249db7a59fa0.png

Read more - Murrey Math Lines (EURUSD, GBPUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Ichimoku Cloud Analysis 07.05.2024 (EURUSD, AUDUSD, USDJPY)

EURUSD, “Euro vs US Dollar”
EURUSD is testing the signal lines of the indicator. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0745 is expected, followed by a rise to 1.0875. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.0660, indicating a further decline to 1.0575.

1.png.671ad29af00972a7e5a63bf18c538935.png

AUDUSD, "Australian Dollar vs US Dollar"
AUDUSD is declining following a rebound from the resistance level. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.6565 is expected, followed by a rise to 0.6725. An additional signal confirming the rise will be a rebound from the lower boundary of the ascending channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 0.6445, which will indicate a further decline to 0.6355.

2.png.fa8ff0e3d8e8adb4b9b897e9583fa05d.png

USDJPY, “US Dollar vs Japanese Yen”
USDJPY is rising within a bearish channel. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 155.15 is expected, followed by a decline to 151.25. An additional signal confirming the decline could be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud, with the price finding a foothold above 157.10, which will indicate further growth to 158.05. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel, with the price securing below 153.05.

3.png.b800f92d809bb2b75ff34688265ecaf6.png

Read more - Ichimoku Cloud Analysis (EURUSD, AUDUSD, USDJPY)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 08.05.2024 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI is approaching the support line. In this situation, the price is expected to surpass the 4/8 (0.6591) level and rise to the resistance at 6/8 (0.6713). The scenario could be cancelled by a breakout of the 3/8 (0.6530) level. In this case, the quotes might retrace to the support at 2/8 (0.6469).

1.thumb.png.2b720c64bc15094797e7f7720006733e.png

On M15, a breakout of the upper line of the VoltyChannel will increase the probability of price growth.

2.thumb.png.15f05d78de2dbe45d9236ca47ca54cd5.png

NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is testing from the resistance line. In this situation, the price is expected to break below the 2/8 (0.5981) level and maintain its downward trajectory to the support at 0/8 (0.5859). The scenario could be cancelled if the price surpasses the 3/8 (0.6042) level. In this case, the quotes might reach the resistance at 4/8 (0.6103).

3.thumb.png.8ca220b651d0e79c62bb6641bae6e25c.png

Read more - Murrey Math Lines (AUDUSD, NZDUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 13.05.2024 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”
EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to break the 4/8 (1.0772) level and decline to the support at 3/8 (1.0620). The scenario might be cancelled by surpassing the 5/8 (1.0864) level, which might lead to a trend reversal, pushing the pair up to the 6/8 (1.0986) resistance level.

1.thumb.png.f5409b9ce48ccac98e92a595b06a1bdc.png

On M15, a breakout of the VoltyChannel lower line will increase the probability of a price decline.

2.thumb.png.a45ffb247dc7f1f059fbef0d4d6ce1d2.png

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI has rebounded from the resistance line. In this situation, the price is expected to break below the 2/8 (1.2451) level and fall to the support at 1/8 (1.2329). The scenario could be cancelled by surpassing the 3/8 (1.2573) level, which might lead to a trend reversal, propelling the pair to the 4/8 (1.2695) resistance level.

3.thumb.png.130d01b6fecac9e8a3f1e630d32abf2d.png

Read more - Murrey Math Lines (EURUSD, GBPUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Japanese Candlesticks Analysis 14.05.2024 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”
EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be the 1.0740 support level. However, the price could rise to 1.0845 and continue its upward momentum after testing the support.

1.thumb.png.90df8bcd2fb9ada118b994db3b65fc8d.png

USDJPY, “US Dollar vs Japanese Yen”
USDJPY has formed a Harami reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the 157.50 mark. However, the price could correct to 155.50 and maintain its upward trajectory after pulling back to the support level.

2.thumb.png.7eee7916c4b1bcc8afe38e371c4a0535.png

EURGBP, “Euro vs Great Britain Pound”
EURGBP has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the 0.8620 mark. After testing this level and breaking above it, the price might continue the uptrend. However, the quotes could pull back to 0.8575 before rising.

3.thumb.png.098274e72c07e44ee99bcf70c70b54a1.png

Read more - Japanese Candlesticks Analysis (EURUSD, USDJPY, EURGBP)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 15.05.2024 (USDJPY, USDCAD)

USDJPY, “US Dollar vs Japanese Yen”
USDJPY quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has surpassed the resistance line. In this situation, the pair is expected to rise further to 7/8 (159.37). The scenario could be cancelled by a breakout of the 5/8 (153.12) support level. In this case, the quotes could drop to 4/8 (150.00).

1.thumb.png.1d64eb20548949f89f8a8bae43e98df9.png

On M15, the upper line of the VoltyChannel is broken, which increases the probability of a further price rise.

2.thumb.png.c4a43faaf8a3081fcf3650afbcc0c57d.png

USDCAD, “US Dollar vs Canadian Dollar”
USDCAD quotes have breached the 8/8 (1.3671) level and exited the overbought area on D1. The RSI has broken the support line. In this situation, the price is expected to decline further to the 6/8 (1.3427) support level. The scenario could be cancelled by rising above 8/8 (1.3671). In this case, the quotes might return to the +1/8 (1.3793) resistance level.

3.thumb.png.d4b1138fb72638290ae785d301d92cbe.png

Read more - Murrey Math Lines (USDJPY, USDCAD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 16.05.2024 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”
USDCHF quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI is testing the support line. In this situation, the price is expected to surpass the 6/8 (0.9033) level and rise to the resistance at 8/8 (0.9277). The scenario could be cancelled by a breakout of the 5/8 (0.8911) level. In this case, the pair might decline to the 4/8 (0.8789) level.

1.thumb.png.fad13aebeae97d9b03c712a9fd4edd4b.png

On M15, the price rise could be additionally supported by a breakout of the upper boundary of the VoltyChannel.

2.thumb.png.88d3bd114ca23db32787ade477b857e0.png

XAUUSD, “Gold vs US Dollar”
Gold quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rise further to 4/8 (2500.00). The scenario could be cancelled by a breakout of the 3/8 (2375.00) level. In this case, Gold prices might fall to the support at 2/8 (2250.00).

3.thumb.png.1b3cd083d24d3ab020952b30268ae2b1.png

Read more - Murrey Math Lines (USDCHF, XAUUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Posted (edited)

Murrey Math Lines 17.05.2024 (Brent, S&P 500)

Brent
Brent quotes have broken below the 200-day Moving Average on D1, indicating the potential development of a downtrend. However, convergence has formed on the RSI. As a result, in this situation, the price is expected to surpass the 3/8 (84.38) level and rise to the resistance at 4/8 (87.50). The scenario could be cancelled by breaking below the 2/8 (81.25) level. In this case, Brent quotes might decline to the support at 1/8 (78.12).

1.thumb.png.a0afea3afcc441850b97980e36892719.png

On M15, the upper line of the VoltyChannel is broken, which increases the probability of a price rise.

2.thumb.png.0a6e2c9c76bd84e3eac5c17ee20e1b4d.png

S&P 500
S&P 500 quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. However, the RSI has reached the overbought area. As a result, in this situation, the price is expected to rebound from the 6/8 (5312.5) level and fall to the support at 5/8 (5156.2). The scenario could be cancelled by rising above 6/8 (5312.5). In this case, the S&P 500 quotes might reach the 7/8 (5468.8) resistance level.

3.thumb.png.e615a9e2711f1d1c33f7a9f9c2bec21b.png

Read more - Murrey Math Lines (Brent, S&P 500)

Attention!
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.

Sincerely,
The RoboForex Team

Edited by RBFX Support
Link to comment
Share on other sites

Japanese Candlesticks Analysis 20.05.2024 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”
Gold has formed a Hammer pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2485.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2420.00 before rising.

1.thumb.png.0a9e91d13471c420305d989f834eafa2.png

NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD has formed a Harami reversal pattern on H4. Currently, the instrument might continue to go by the reversal signal in a corrective wave. The pullback target might be 0.6100. After rebounding from the support level, the quotes might continue their upward trajectory. However, the price could rise to 0.6175 without testing the support.

2.thumb.png.b0514817fca3ff02680d806fa8e9f0fa.png

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed a Shooting Star reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 1.2665. However, the price could rise to 1.2765 and continue the uptrend without testing the support level.

3.thumb.png.38af15418ffcecb7959b5f9b00553f2d.png

Read more - Japanese Candlesticks Analysis (XAUUSD, NZDUSD, GBPUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 21.05.2024 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI is testing the support line. In this situation, the price is expected to rebound from the 5/8 (0.6652) level and rise to the resistance at 7/8 (0.6774). The scenario could be cancelled by a breakout of the 4/8 (0.6591) level. In this case, the quotes might decline to the support at 2/8 (0.6469).

1.thumb.png.a44841161e9df41f2036d6142d0ef11f.png

On M15, the price rise might be additionally supported by a breakout of the upper line of the VoltyChannel.

2.thumb.png.c6c9b69816d40390878fce9d4a835b83.png

NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI has breached the resistance line. In this situation, the price is expected to surpass the 4/8 (0.6103) level and rise to the resistance at 6/8 (0.6225). The scenario could be cancelled by a breakout of the 3/8 (0.6042) level. In this case, the quotes might drop to the support at 1/8 (0.5920).

3.thumb.png.fcf63084983e8973ef40628cbd981679.png

Read more - Murrey Math Lines (AUDUSD, NZDUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Edited by RBFX Support
Link to comment
Share on other sites

Japanese Candlesticks Analysis 22.05.2024 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar”
EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the 1.0910 resistance level. However, the price could pull back to 1.0835 and continue its upward momentum after testing the support.

1.thumb.png.fa0e50f85d1cd975345cdc751a40ebfd.png

USDJPY, “US Dollar vs Japanese Yen”
USDJPY has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the 157.50 mark. However, the price could correct to 155.65 and maintain its upward trajectory after pulling back to the support level.

2.thumb.png.b0164492195a131be42a9f9d3e71ed70.png

EURGBP, “Euro vs Great Britain Pound”
EURGBP has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the 0.8665 mark. After testing this level and breaking above it, the price might continue the uptrend. However, the quotes could pull back to 0.8525 before rising.

3.thumb.png.c6d303aa4a9255b17e050e2353e5e987.png

Read more - Japanese Candlesticks Analysis (EURUSD, USDJPY, EURGBP)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Murrey Math Lines 23.05.2024 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”
USDCHF quotes on the D1 period are above the 200-day Moving Average, indicating the prevailing upward trend. The Relative Strength Index has overcome the resistance line. In this situation, we expect the 7/8 (0.9155) level to be surpassed, followed by a price increase to the resistance at 8/8 (0.9277). The scenario could be invalidated by a breakout of the 6/8 (0.9033) support level. In this case, the price may decline to 5/8 (0.8911).

1.thumb.png.8d5f92884e5cf9a468fbc4a5e852a80d.png

In the M15 period, the upper line of the VoltyChannel indicator was breached, confirming the upward trend, and increasing the likelihood of further price growth.

2.thumb.png.4d22cdfcf136cf9c706fdc7971c1c42d.png

XAUUSD, “Gold vs US Dollar”
XAUUSD quotes on the D1 are above the 200-day Moving Average, indicating the prevailing upward trend. However, there is a divergence in the Relative Strength Index indicator. Consequently, a 3/8 (2375.00) breakout is anticipated in this situation, leading to a subsequent price decline to the support at 2/8 (2250.00). A breakout above the 3/8 (2375.00) could nullify the scenario, with the quotes potentially reaching the 4/8 (2500.00) resistance level.

3.thumb.png.f62692ec37d2e9626666efcc80098e1d.png

Read more - Murrey Math Lines (USDCHF, XAUUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Ichimoku Cloud Analysis 24.05.2024 (GBPUSD, AUDUSD, XAUUSD)

GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has consolidated under the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2865. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. This scenario could be invalidated by a breakout below the lower boundary of the Cloud, with the price securing below 1.2545, indicating a potential decline to 1.2455.

1.png.caf27985e63829fbc16ca659c8355ff6.png

AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is testing the lower boundary of the descending channel. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the lower boundary of the Cloud at 0.6645 is expected, followed by a fall to 0.6475. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the fall. This scenario could be invalidated by a breakout above the upper boundary of the Cloud, with the price securing above 0.6705, indicating a potential rise to 0.6805.

2.png.cd73b90223aac176972aaa38d45388d9.png

XAUUSD, “Gold vs US Dollar”
Gold is undergoing a correction after an aggressive fall. The instrument is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Kijun-Sen line at 2355 is expected, followed by a fall to 2255. An additional signal confirming the decline would be a rebound from the upper boundary of the bearish channel. The scenario could be invalidated by a breakout above the upper boundary of the Cloud, with the price securing above 2420, indicating a further rise to 2475. Conversely, a decline could be confirmed by a breakout below the lower boundary of the bullish channel, with the price establishing itself below 2295.

3.png.d6455859f909714eeafa061117bd706b.png

Read more - Ichimoku Cloud Analysis (GBPUSD, AUDUSD, XAUUSD)

Attention!
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.

Sincerely,
The RoboForex Team

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...