Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The pullback target might be 1.3440. Next, the price might rebound from the resistance and extend the downtrend. However, the quotes could drop to 1.3300 without testing […]
Brent Brent quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. However, the RSI is approaching the oversold area. In this situation, a test of 1/8 (76.56) is expected, followed by a rebound from this level and a rise to the resistance at 3/8 (79.69). The scenario could be […]
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 2090.00. Upon testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might correct to 2057.50 before the growth. […]
The primary currency pair declined on Friday. The current EURUSD exchange rate stands at 1.1062. Sharp price fluctuations, like those currently observed, are possible in a thin and low-liquidity market. The situation will become more predictable as most investors resume transactions after the New Year. The weekly report on initial jobless claims in the US […]
EURUSD, “Euro vs US Dollar” EURUSD is testing 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 1.1040 is expected, followed by a rise to 1.1235. An additional signal confirming the rise will be a rebound from the lower […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the first decline impulse to 1.1073 and a correction to 1.1112. When the correction was over, the structure of a new decline wave to 1.1055 started. Practically, the low of the first decrease wave is broken. A consolidation range is expected to develop today around 1.1055. With […]
The primary currency pair continues to soar on Thursday. The current EURUSD exchange rate stands at 1.1114. Nothing significant has occurred: investors have simply become absorbed in forming expectations regarding the further actions of the US Federal Reserve. The market now factors a 90% probability of an interest rate reduction in March. The overall decline […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2765 is expected, followed by a rise to 1.2945. An additional signal confirming the rise will be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be the support level of 1.1080. However, the price might rise to 1.1175 and continue the uptrend without testing […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1111. A consolidation range is forming around this level. With a downward escape from the range, a decline wave to 1.1020 is expected. With an upward escape, a growth structure to 1.1155 is not excluded. Next, the pair might go down by the […]