USDCHF, “US Dollar vs Swiss Franc”
USDCHF quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rebound from the 5/8 (0.8850) level and rise to the resistance at 6/8 (0.8911). The scenario could be cancelled by breaking below the support at 4/8 (0.8789), which could lead to a trend reversal, pushing the pair down to 3/8 (0.8728).
On M15, the upper line of the VoltyChannel is too far away from the current price, so a rebound from the 5/8 (0.8850) level on H4 will signal a price rise.
XAUUSD, “Gold vs US Dollar”
Gold quotes are above the 200-day Moving Average on H4, which indicates a prevailing uptrend. The RSI has reached the overbought area. In this situation, the price is expected to test the 6/8 (2187.50) level and rebound from it, rising to the resistance at 8/8 (2250.00). The scenario could be cancelled by a breakout of the 6/8 (2187.50) level. In this case, Gold quotes might decline to the support at 4/8 (2125.00).
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.
Brent
Brent quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI is approaching the support line. In this situation, the price is expected to test the 6/8 (84.71) level and rebound from it, rising to the resistance at 8/8 (87.50). The scenario could be cancelled by breaking below the 6/8 (84.71) level. In this case, Brent quotes could drop to the support at 5/8 (82.81).
On M15, the price rise could be additionally confirmed by a breakout of the upper boundary of the VoltyChannel.
S&P 500
S&P 500 quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI is testing the support level. In this situation, the price is expected to rise further to the nearest resistance at 8/8 (5312.5). The scenario could be cancelled by a breakout of the 7/8 (5234.4) level. In this case, the S&P 500 index could decline to the support at 6/8 (5156.2).
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.
EURUSD, “Euro vs US Dollar”
The EURUSD pair stands below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI is testing the support line. In this situation, a breakout of the 2/8 (1.0803) level is expected, followed by a decline to the support at 0/8 (1.0742). The scenario could be cancelled by rising above 3/8 (1.0833), in which case, the quotes might correct to the resistance at 4/8 (1.0864).
On M15, the lower boundary of the VoltyChannel is broken, which increases the probability of a further price decline.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBPUSD pair stands below the 200-day Moving Average on H4, 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 break the 3/8 (1.2634) level, rising to the resistance at 4/8 (1.2695) afterwards. The scenario might be cancelled by a breakout of 2/8 (1.2573), in which case, the pair could continue falling and drop to the support at 1/8 (1.2512).
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.
Japanese Candlesticks Analysis 26.03.2024 (XAUUSD, NZDUSD, GBPUSD)
XAUUSD, “Gold vs US Dollar”
Gold has formed a Harami reversal pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 2230.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could correct to 2150.50 before rising.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD quotes have 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 0.6060 level. After a rebound from the resistance, the quotes might continue developing the downtrend. However, the price could drop to 0.5985 without any correction.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD quotes have 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 1.2700. However, the price might pull back to 1.2610 and extend the uptrend after testing the support.
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.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY quotes are in the overbought area on D1. The RSI is approaching the overbought area. In this situation, the price is expected to rebound from the +1/8 (151.56) level and decline to the support at 7/8 (148.43). The scenario could be cancelled by rising above the +1/8 (151.56) level. In this case, the pair might maintain its upward trajectory, reaching the resistance at +2/8 (153.12).
On M15, the price decline could be additionally supported by a breakout of the lower boundary of the VoltyChannel.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD quotes are approaching the overbought area on D1, while the RSI is approaching the resistance level. In this situation, the quotes are expected to test the 8/8 (1.3671) level, rebound from it, and drop to the support at 6/8 (1.3427). The scenario could be cancelled by surpassing the 8/8 (1.3671) level. In this case, the pair might rise to the resistance at +1/8 (1.3793).
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.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. However, the RSI is in the overbought area. As a result, in this situation, the price is expected to break below the 6/8 (0.9033) level, falling to the support at 5/8 (0.8911). The scenario could be cancelled by rising above the resistance at 7/8 (0.9155). In this case, the pair might climb to the 8/8 (0.9277) level.
On M15, a breakout of the lower line of the VoltyChannel will increase the probability of a further price decline.
XAUUSD, “Gold vs US Dollar”
Gold quotes are above the 200-day Moving Average on D1, which indicates a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rise to the nearest resistance at 8/8 (2250.00). The scenario could be cancelled by a breakout of the 7/8 (2187.50) level. In this case, Gold quotes might decline to the support at 6/8 (2125.00).
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.
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, a rebound from 4/8 (87.50) level is expected, followed by a rise towards the resistance at 5/8 (90.62). The scenario could be cancelled by a breakout of 3/8 (84.38), followed by a trend reversal and a decline to 2/8 (81.25).
On M15, the upper boundary of the VoltyChannel is broken, which increases the probability of a price rise.
S&P 500
The S&P 500 quotes are in the overbought area on D1. The RSI is testing the resistance line. In this situation, a test of +2/8 (5312.5) is expected, followed by a rebound from this level and a price decline to the support at 8/8 (5000.00). The scenario could be cancelled by a rebound from +2/8 (5312.5), which might lead to the reshuffling of the Murrey indication, after which new price targets will be set.
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.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a breakout of 2/8 (0.6469) is expected, followed by a price decline to the support at 1/8 (0.6408). The scenario might be cancelled by rising above 3/8 (0.6530), in which case the quotes could increase to the resistance at 4/8 (0.6591).
On M15, the lower boundary of the VoltyChannel is broken, which increases the probability of a further price decrease.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, in this situation, a test of 1/8 (0.5920) is expected, followed by a rebound from this level and a price rise to the resistance at 2/8 (0.5981). This growth is interpreted as a correction of a downtrend. The scenario might be cancelled by a breakout of 1/8 (0.5920), in which case, the quotes could drop to the support at 0/8 (0.5859).
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.
XAUUSD, “Gold vs US Dollar”
Gold has gained a foothold above the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2265 is expected, followed by a rise to 2325. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 2215, which will signal a further decline to 2175.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is correcting following a rebound from the lower boundary of a bearish channel. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2605 is expected, followed by a decline to 1.2455. An additional signal confirming the decline could be a rebound from the upper boundary of the descending channel. The scenario can be cancelled by a breakout of the Cloud’s upper boundary, with the price securing above 1.2705, indicating further growth to 1.2805.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has established itself above the resistance level. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.9025 is expected, followed by a rise to 0.9205. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Ichimoku Cloud, with the price securing below 0.8920, which will signal a further decline to 0.8825.
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.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF quotes are above the 200-day Moving Average on D1, revealing the prevalence of an uptrend. The RSI has broken the support line, escaping the overbought area. As a result, in this situation, a rebound from 6/8 (0.9033) is expected, followed by a price decline to the support at 5/8 (0.8911). The scenario could be cancelled by rising above the resistance at 6/8 (0.9033), in which case the pair might increase to the 7/8 (0.9155) level.
On M15, the lower boundary of the VoltyChannel is broken, which increases the price decline probability.
XAUUSD, “Gold vs US Dollar”
Gold quotes and the RSI are in their respective overbought areas in D1. In this situation, a rebound from the +1/8 (2312.50) level is expected, followed by a price decline to the support at 8/8 (2250.00). The scenario could be cancelled by a rise above +1/8 (2312.50), in which case gold quotes could reach the resistance at +2/8 (2390.80).
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.
