RBFX Support Posted May 29 Author Report Share Posted May 29 Murrey Math Lines 29.05.2024 (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 price is expected to rise further to the nearest resistance at 7/8 (159.37). A breakout below the 6/8 (156.25) support level could cancel this scenario, leading to a potential decline to 5/8 (153.12). On M15, the upper line of the VoltyChannel is broken, which increases the probability of a further price rise. USDCAD, “US Dollar vs Canadian Dollar” USDCAD 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 surpass the 8/8 (1.3671) level and rise further to the +1/8 (1.3793) resistance level. A breakout below the 7/8 (1.3549) level could cancel this scenario, leading to a potential decline to the 6/8 (1.3427) support level. 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted May 30 Author Report Share Posted May 30 Murrey Math Lines 30.05.2024 (USDCHF, XAUUSD) USDCHF, "US Dollar vs Swiss Franc" On the M15 timeframe, USDCHF quotes are currently above the 200-day Moving Average, indicating a prevailing uptrend. The Relative Strength Index (RSI) has breached the resistance line. In this scenario, further upward movement is anticipated towards the nearest resistance at 7/8 (0.9155), followed by a price increase to resistance at 8/8 (0.9277). However, a breakout below the 6/8 (0.9033) support level could invalidate this scenario, potentially leading to a decline towards 5/8 (0.8911). On the M15 timeframe, the upper line of the VoltyChannel indicator was breached, increasing the likelihood of further price appreciation. XAUUSD, “Gold vs US Dollar” On the D1 timeframe, gold prices are currently above the 200-day Moving Average, indicating a prevailing uptrend. The RSI is testing the support line. In this scenario, we anticipate a breakthrough above the 3/8 level (2375.00), followed by a further price increase towards the resistance at 4/8 (2500.00). However, a breakout below the 2/8 level (2250.00) could invalidate this scenario, potentially leading to a decline towards the 1/8 support level (2125.00). 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted May 31 Author Report Share Posted May 31 Murrey Math Lines 31.05.2024 (Brent, S&P 500) Brent Brent crude oil quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI has crossed the support line. In this situation, the price is expected to break through the 2/8 (81.25) level and subsequently fall to the 1/8 (78.12) support level. A breakout above the 3/8 (84.38) level could invalidate this scenario, leading to a trend reversal and a rise in quotes to the 4/8 (87.50) resistance level. On M15, the lower line of the VoltyChannel indicator is breached, increasing the probability of a price decline. S&P 500 S&P 500 index 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 (5312.5) level and rise further to the 7/8 (5468.8) resistance level. A breakout below the 5/8 (5156.2) level could invalidate this scenario, potentially causing the quotes to drop to the 4/8 (5000.0) support level. 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted June 3 Author Report Share Posted June 3 Murrey Math Lines 03.06.2024 (EURUSD, GBPUSD) EURUSD, “Euro vs US Dollar” EURUSD 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 surpass the 5/8 (1.0864) level and rise to the resistance at 6/8 (1.0986). The scenario could be cancelled by a breakout of the 4/8 (1.0772) level, which might lead to a trend reversal, pushing the pair to the 3/8 (1.0620) support level. On M15, the upper line of the VoltyChannel is broken, which increases the probability of a price rise. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD quotes are in the overbought area on D1. The RSI has breached the support line. In this situation, the price is expected to break below the 8/8 (1.2695) level and decline to the support at 7/8 (1.2573) support. The scenario could be cancelled by surpassing the +1/8 (1.2817) level. In this case, the pair might rise to the resistance at +2/8 (1.2939). 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted June 4 Author Report Share Posted June 4 (edited) Murrey Math Lines 04.06.2024 (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 has rebounded from the support line. In this situation, the price is expected to surpass the 6/8 (0.6713) level and rise to the resistance at 7/8 (0.6774). A breakout below the 5/8 (0.6652) level could cancel this scenario, potentially causing the quotes to drop to the 4/8 (0.6591) support level. On M15, the upper line of the VoltyChannel is broken, which increases the probability of a further price rise. NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD 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 test the 6/8 (0.6225) level, rebound, and decline to the support at 4/8 (0.6103). The scenario could be cancelled by surpassing the 6/8 (0.6225) level. In this case, the quotes might rise to the resistance at 7/8 (0.6286). 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 June 4 by RBFX Support Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted June 5 Author Report Share Posted June 5 Japanese Candlesticks Analysis 05.06.2024 (XAUUSD, NZDUSD, GBPUSD) XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. The instrument is currently following the reversal signal in an ascending wave. The growth target could remain at 2400.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2305.00 before rising. NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD has formed a Shooting Star reversal pattern on H4. The instrument is currently following the reversal signal in a descending wave. The target for correction could be 0.6165. After testing the support level, the quotes might continue the uptrend. However, the price could rise to 0.6225 without a pullback. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has formed a Hanging Man reversal pattern on H4. The instrument is currently following the reversal signal in a descending wave. The target for correction could be 1.2725. However, the price might rise to 1.2860 and maintain its upward trajectory without testing the support level. 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted June 6 Author Report Share Posted June 6 Murrey Math Lines 06.06.2024 (USDCHF, XAUUSD) USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken below the 200-day Moving Average on D1, indicating a potential downtrend. However, the RSI has reached the overbought area. As a result, in this situation, the price is expected to rebound from the 5/8 (0.8911) level and rise to the resistance at 6/8 (0.9033). A breakout below the 5/8 (0.8911) level could cancel this scenario, pushing the pair further down to the support at 4/8 (0.8789). On M15, the price rise might be additionally supported by a breakout of the VoltyChannel upper line. 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 surpass the 3/8 (2375.00) level and rise further to the 4/8 (2500.00) resistance level. A rebound from the 3/8 (2375.00) level could cancel this scenario, leading to a potential decline to the 2/8 (2250.00) support level. 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted June 7 Author Report Share Posted June 7 Murrey Math Lines 07.06.2024 (Brent, S&P 500) Brent Brent crude oil 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 2/8 (81.25) level, rebound, and fall to the support at 0/8 (75.00). Surpassing the 2/8 (81.25) level could invalidate this scenario, propelling the quotes to the resistance at 3/8 (84.38). On M15, a breakout of the VoltyChannel lower line will provide an additional signal for a price decline. S&P 500 S&P 500 quotes are in the overbought area on D1, with divergence on the RSI. In this situation, the price is expected to breach the +1/8 (5312.5) level and decline to the 8/8 (5000.0) support level. The scenario could be cancelled by a breakout of the +2/8 (5625.0) level, which might reshuffle the Murrey indication, setting new price movement targets. 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted June 10 Author Report Share Posted June 10 Murrey Math Lines 10.06.2024 (EURUSD, GBPUSD) EURUSD, “Euro vs US Dollar” EURUSD quotes have broken below the 200-day Moving Average on D1, indicating a potential downtrend. The RSI has breached the support line. In this situation, the price is expected to break below the 4/8 (1.0772) level and decline to the support at 3/8 (1.0620). The scenario could be cancelled by a rebound from the 4/8 (1.0772) level, which might lead to a rise to the resistance at 5/8 (1.0864). On M15, the lower line of the VoltyChannel is broken, which increases the probability of a price decline. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD quotes remain in the overbought area on D1. The RSI has breached the support line. In this situation, the price is expected to break below the 8/8 (1.2695) level and decline to the support at 7/8 (1.2573) support. The scenario could be cancelled by surpassing the +1/8 (1.2817) level. In this case, the pair might rise to the resistance at +2/8 (1.2939). 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted June 11 Author Report Share Posted June 11 Japanese Candlesticks Analysis 11.06.2024 (USDCAD, AUDUSD, USDCHF) USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern on H4. The instrument is currently following the reversal signal in a descending wave. The decline target could be 1.3730. Next, the price might rebound from the support level and continue its upward momentum. However, the quotes could rise to 1.3800 without a correction. AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has formed an Inverted Hammer reversal pattern on H4. The instrument is currently following the reversal signal in an ascending wave. The growth target could be 0.6645. After testing the resistance level, the quotes could break above it and maintain their upward trajectory. However, the price might pull back to 0.6580 before rising. USDCHF, “US Dollar vs Swiss Franc” USDCHF has formed a Shooting Star reversal pattern on H4. The instrument is currently following the reversal signal in a descending wave. The decline target could be 0.8900. After testing the support level, the price might breach it and continue to develop a downtrend. However, the price could correct to 0.9000 before declining. 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted June 12 Author Report Share Posted June 12 Murrey Math Lines 12.06.2024 (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 breached the resistance line. In this situation, the price is expected to test the 7/8 (159.37) level, break above it, and rise to the resistance at 8/8 (162.50). A breakout below the 5/8 (153.12) support level could cancel this scenario, leading to a potential decline to 4/8 (150.00). On M15, a breakout above the upper line of the VoltyChannel would provide an additional signal supporting the price increase. USDCAD, “US Dollar vs Canadian Dollar” USDCAD quotes are in the overbought area on D1. The RSI is testing the resistance line. In this situation, the price is expected to break the 8/8 (1.3671) level and decline to the support at 7/8 (1.3549). Surpassing the +1/8 (1.3793) level could cancel this scenario, leading to a potential rise to the +2/8 (1.3916) resistance level. 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted Thursday at 10:12 AM Author Report Share Posted Thursday at 10:12 AM Ichimoku Cloud Analysis 13.06.2024 (GBPUSD, XAUUSD, USDCHF) GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after rebounding from the upper boundary of the bullish channel. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Cloud’s lower boundary at 1.2745 is expected, followed by a rise to 1.2925. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the increase. The scenario could be cancelled by a breakout of the Cloud’s lower boundary, with the price securing below 1.2715, indicating a further decline to 1.2625. XAUUSD, “Gold vs US Dollar” Gold is bouncing off the resistance level. The instrument is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Cloud’s lower boundary at 2340 is expected, followed by a decline to 2230. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the fall. This scenario could be cancelled by a breakout above the upper boundary of the Cloud, with the price securing above 2355, indicating a further rise to 2395. Conversely, a decline could be confirmed by a breakout below the lower boundary of the ascending channel, with the price gaining a foothold below 2300. USDCHF, “US Dollar vs Swiss Franc” USDCHF is rising after rebounding from the lower boundary of the Head and Shoulders reversal pattern. The pair is moving inside the Ichimoku Cloud, indicating a sideways trend. A test of the resistance area at 0.8960 is expected, followed by a decline to 0.8795. A rebound from the upper boundary of the bearish channel would signal the decline. The scenario could be cancelled by a breakout of the upper boundary of the Cloud, with the price securing above 0.9055, indicating a further rise to 0.9145. Conversely, a decline could be confirmed by a breakout below the lower boundary of the Head and Shoulders pattern, with the price establishing itself below 0.8865. Read more - Ichimoku Cloud Analysis (GBPUSD, XAUUSD, 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted Friday at 08:49 AM Author Report Share Posted Friday at 08:49 AM Murrey Math Lines 14.06.2024 (Brent, S&P 500) Brent Brent crude oil 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 2/8 (81.25) level, rebound, and fall to the support at 1/8 (78.12). Surpassing the 3/8 (84.38) level could invalidate this scenario, propelling the quotes to the resistance at 4/8 (87.50). On M15, a breakout of the VoltyChannel lower line will provide an additional signal for a price decline. S&P 500 S&P 500 quotes and the RSI are in the overbought areas on D1. In this situation, the price is expected to breach the +1/8 (5312.5) level and decline to the 8/8 (5000.0) support level. The scenario could be invalidated by surpassing the +2/8 (5625.0) level, which might reshuffle the Murrey indication, setting new price movement targets. 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted yesterday at 12:49 PM Author Report Share Posted yesterday at 12:49 PM EUR continues to fall: the US dollar is to blame. Overview for 17.06.2024 The EURUSD position appears weak on Monday. The current EURUSD exchange rate stands at 1.0702. The EUR faces serious pressure due to the political imbalance in Europe and a rather mixed outlook. The euro-dollar exchange rate has declined by 0.8% over the last week, marking the maximum weekly fall since April and giving a reason for a detailed forecast for EURUSD on 17 June 2024. The market is speculating on the risks of a budget crisis in the eurozone. This pertains to the situation in France, where the confrontation between the right and left parties is reaching a new level ahead of snap parliamentary elections, with increasing pressure on President Emmanuel Macron’s centrist administration. All these factors increase the likelihood of implications for the economy in the heart of the eurozone. This situation appears significant and dubious and is unlikely to be resolved soon. A fall in the euro rate indirectly benefits the US dollar. Despite a massive sell-off in the French financial markets last week, the European Central Bank does not plan to initiate an emergency purchase of French bonds. Technical analysis EURUSD As the analysis for 17 June 2024 shows, EURUSD is developing another decline wave towards 1.0450. On the H4 chart, the market formed the first structure of this wave, with a target at 1.0666. Today, a consolidation range is expected to form above this level. With an upward breakout, a correction towards 1.0790 might follow. Once the correction is complete, a new decline structure in the EURUSD exchange rate could start, aiming for 1.0680. A breakout of this level will open the potential for a decline wave towards the local target of 1.0570. With a downward breakout of the range, a decline wave to 1.0570 is possible. Technically, this scenario is confirmed by the Elliott Wave structure and a wave matrix with a pivot point at 1.0680. The market has completed a decline to the lower boundary of the Envelope, with a rise to its upper boundary being expected. Read more - EURUSD 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted 1 hour ago Author Report Share Posted 1 hour ago Gold is correcting, facing pressure from a strong US dollar Gold prices continue to correct after reaching an all-time high of 2,450 USD per troy ounce. Pressure mostly comes from the strengthening US dollar, which has received support after last week’s Federal Reserve meeting. The interest rate remained unchanged at 5.5%, and comments indicated that economic activity continues to increase steadily, with job gains remaining high and the unemployment rate low. Although market participants hoped for a signal from the Federal Reserve about an upcoming interest rate reduction amid slowing US inflation, this did not occur. Analysts anticipate one interest rate cut of 0.25% by the end of the year. Meanwhile, gold has experienced steady growth of approximately 12.5% since the beginning of the year. This rise is driven by fundamental factors: the US treasury bond market is gradually losing its share as the main global reserve asset, with world central banks partially selling US treasury bonds and purchasing gold instead. XAUUSD technical analysis On the H4 chart, gold quotes are experiencing a correction within a descending price channel after reaching a high of 2,450 in May. The price is currently hovering near the 2,320 mark, with a Triangle technical pattern forming on the chart. The direction of the price movement out of this pattern may indicate the near term. According to the forecast, if the quotes exit the Triangle pattern upwards and secure above 2,340, this will open the potential for growth towards the 2,388 resistance level. If the price of gold declines, dropping below the lower line of this pattern, a fall might continue towards a strong support area between 2,285 and 2,277. Read more - Gold 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 Quote Link to comment Share on other sites More sharing options...
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