Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the divergence made the pair stop at 61.8% fibo and start a new decline, which is getting closer to the key correctional target at 50.0% fibo (1.1595). After completing the correction, EURUSD may resume trading upwards to reach 76.0% fibo at 1.2095.
The H1 chart shows a more detailed structure of the current correctional downtrend, which has already reached 23.6% fibo and may continue towards 38.2% and 50.0% fibo at 1.1637 and 1.1551 respectively. However, if the price breaks the high at 1.1916, the correction will be over.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after reaching 61.8% fibo, the downtrend was stopped by the convergence on MACD, that’s why USDJPY is currently correcting upwards and has already reached 38.2% fibo and may later continue towards 50.0%, 61.8%, and 76.0% fibo at 107.02, 107.68, and 108.50 respectively. The key upside target is the fractal high at 109.85.
The H1 chart shows that after finishing the correctional decline towards 50.0% fibo, the pair is starting a new rising movement. Later, the price may break the high at 106.47 and then continue growing to reach 50.0% fibo at 107.02. The support is the fractal low at 104.18.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- WTI oil prices exceeded 107 dollars per barrel. Inflation expectations continue to rise. Apr 30, 2026
- RoboForex Expands CFD Offering with Cryptocurrency Instruments Apr 29, 2026
- WTI oil prices have consolidated at 100 dollars per barrel. Australia is experiencing a sharp inflation spike Apr 29, 2026
- EUR/USD Holds Steady Ahead of Fed Meeting, Focus on Middle East Outlook Apr 29, 2026
- European stock markets continue a prolonged decline. Oil prices continue to rise slowly Apr 28, 2026
- Yen Gains Support Following Bank of Japan Decision Apr 28, 2026
- Brent and WTI remain at extremely high levels, fueling global inflation Apr 27, 2026
- Gold Declines Amid Geopolitics, with Optimism Limited Apr 27, 2026
- COT Metals Charts: Copper leads Metals Speculator Bets Higher Apr 26, 2026
- COT Bonds Charts: Speculator Bets led by 5-Year Bonds & Ultra 10-Year Bonds Apr 26, 2026
