Tag: Roboforex

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0970. However, the price could correct to 1.0825 and continue the uptrend after testing the support. […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The correction target could be 1.3575. Next, the price might have a chance for a rebound from the resistance level and further development of the downtrend. […]

Brent Brent quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is testing the support line. In this situation, a test of 1/8 (78.12) is expected, followed by a breakout of this level and a decline to the support at 0/8 (75.00). The scenario could be cancelled […]

The primary currency pair retreated lower by Friday. The current EURUSD exchange rate stands at 1.0904. Excessive market emotions are gradually subsiding. In October, Americans’ earnings increased by 0.2% m/m, following a previous 0.4% m/m growth. This result was expected. Spending also rose by 0.2% m/m after a 0.7% increase in September. These average results […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a correction to 1.1010. Currently, a decline wave to 1.0860 might form, possibly followed by a correction to 1.0920. Practically, a consolidation range is forming around this level. The main scenario presumes a decline to 1.0713. This is the first target. GBPUSD, “Great Britain Pound vs US […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a decline wave to 1.0940. By now, the market has formed a consolidation range around this level and, escaping it downwards, reached the local target of 1.0878. A correction to 1.0940 might develop today (a test from below). After the correction is over, a new decline structure […]

The British pound sterling has stepped back from the three-month peak against the US dollar and continues its decline. The current GBPUSD exchange rate stands at 1.2643. The instrument rose to 1.2730 on 29 November but is now compelled to decline due to the stabilisation of the US dollar. Despite this movement, the pound, paired […]

EURUSD, “Euro vs US Dollar” EURUSD has found a foothold under the lower boundary of the bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper boundary of the Cloud at 1.0920 is expected, followed by a decline to 1.0735. A signal confirming the decline will […]

The main currency pair appears neutral on Thursday. The current EURUSD quote stands at 1.0970. Since yesterday, the currency market has successfully corrected its excessive overbought conditions. The US statistics turned out interesting. The GDP for Q3 in the second reading increased by 5.2% q/q, surpassing the forecasted 4.9% rise and the previous 2.1% increase. […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes and the RSI on H4 are in their oversold areas. A rebound from -1/8 (0.8728) is expected followed by a price rise to the resistance at 1/8 (0.8850). This scenario could be cancelled by a downward breakout of -1/8 (0.8728). In this case, the pair might drop […]