Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, completing a new wave of correction to 1.0650. A structure of decline to 1.0530 is forming today. After the price reaches this level, a link of growth to 1.0577 is not excluded (with a test from below). Next, a decline to 1.0520 might […]
Brent Brent quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 7/8 (92.18), subsequently reaching the resistance at 8/8 (93.75). The scenario can be cancelled by a downward breakout of the […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 1.0550 is expected, followed by a rise to 1.0675. An additional signal confirming the rise will be a […]
EURUSD, ‘Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be the support at 1.0500. However, the price could correct to 1.0610 and continue the downtrend after the correction to […]
The primary currency pair exceeded the previous day’s levels on Friday. The current EURUSD exchange rate stands at 1.0575. The US released data for existing homes in September, which dropped to 3.96 million from 4.04 million previously. The forecast was, however, even more pessimistic, suggesting a decrease to 3.89 million homes due to high borrowing […]
The BTC exchange rate skyrocketed to 29,315 USD by Friday. Weekly growth is estimated at almost 10%, with a daily increase of 3.5%. The primary driving factors at present revolve around the submission of applications by large funds to the US Securities and Exchange Commission (SEC) for a licence to launch a spot Bitcoin-ETF. Comments […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 200-day Moving Average on H4 and rest below it, indicating an opportunity of a downtrend development. However, the RSI has formed a conversion that reveals price growth. As a result, a test of 4/8 (0.9033) is expected, followed by a breakout of the level […]
The British pound sterling paired with the US dollar has returned to a downward trend. The GBPUSD current exchange rate is 1.2130. Global risk aversion is weighing against the British currency. In the past few days, the UK has released a significant amount of economic data, with a focus on price-related parameters. The growth in […]
The primary currency pair came under pressure by Thursday. The current EURUSD exchange rate stands at 1.0530. The overall market sentiment since yesterday has been driven by risk aversion due to geopolitical complications and deteriorating macroeconomic signals, leading to renewed demand for the USD. The currently published statistics offer limited significant information. In September, the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD quotes have formed an Inverted Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3790. Next, the price might break the resistance and continue the uptrend. However, the quotes could correct to 1.3690 before […]