Tag: Roboforex
Brent Brent quotes are below the 200-day Moving Average on H4, revealing the probability of a downtrend development. The RSI is testing the resistance line. In this situation, a downward breakout of 4/8 (87.50) is expected, followed by a decline to the support at 2/8 (84.38). The scenario can be cancelled by rising above the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The pullback target might be 1.3750. Next, the price could rebound from the support level and extend the uptrend. However, the quotes might rise to 1.3880 […]
The main currency pair on Friday keeps balance. The current EURUSD exchange rate stands at 1.0566. The currency market has faced an avalanche of statistics and other information. At the last meeting, the European central bank decided to leave the interest rate at 4.5% per annum. For now, the regulator does not consider softening its […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the lower boundary of the Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2155 is expected, followed by a decline to 1.1915. An additional signal confirming the decline […]
The BTC exchange rate has dropped to 34,173 USD by Friday. This is exactly as expected: the quotes have accounted for all the existing drivers, and new ones have not come. That is why the market stopped. The market looks ready to develop the scenario with a correction to 29,500 USD. After BTC reaches this […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is approaching the resistance line. In this case, a downward breakout of the 3/8 (0.8977) level is expected, followed by a decline to the support at 1/8 (0.8850). The scenario can […]
EURUSD , “Euro vs US Dollar” EURUSD has secured under the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0565 is expected, followed by a decline to 1.0425. An additional signal confirming the decline will […]
The British pound sterling appears weak against the US dollar. The current GBPUSD exchange rate stands at 1.2080. The US dollar has considerably strengthened its position over the last two days, which had a negative impact on other currencies, including the GBP. The market is gearing up for the release of a large amount of […]
The Japanese yen against the US dollar is falling at each time increasing speed. The current USDJPY exchange rate stands at 150.45. Well, USD has secured above the psychologically important level of 150.00. Earlier we discussed that this mark might have lost its significance because the Bank of Japan was giving no signals of being […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2010.00. Upon testing the resistance level, the price could break it and go on developing the uptrend. However, the quotes might correct to 1960.00 before […]