Tag: Roboforex
Brent Brent quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above 8/8 (93.75), amounting to the resistance level of +1/8 (95.31) later. The scenario can be cancelled by a downward breakout of […]
The BTC exchange rate could not support the growing momentum and slid back to 26,654 USD. Once again, the same scenario is developing in the digital asset market. The price of the flagship cryptocurrency gradually drops, and the market starts buying vigorously. The value rises by 4-5%, and then just as quickly falls back down […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2325 is expected, followed by a decline to 1.2085. An additional signal confirming the decline will be a rebound from the upper […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0616. Today the market might develop a correction to 1.0686. After it is over, a new declining move to 1.0606 could follow, from where the trend might continue to 1.0570. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a wave […]
The British pound sterling paired with the US dollar is currently at its six-month low. The current GBPUSD exchange rate stands at 1.2276. The Bank of England kept the interest rate unchanged at 5.25% per annum at its meeting on Thursday. The decision was unexpected for investors and economists: the main forecast had implied a […]
EURUSD, “Euro vs US Dollar” EURUSD got supported at 1.0670 and performed a link of corrective growth to 1.0735. Upon reaching this level, and with the current fundamental background, the market started developing a new declining wave by the downtrend. By now, the quotes have completed an impulse of decline to 1.0616. Today the market […]
The primary currency pair is experiencing pressure on Thursday. The current EURUSD exchange rate stands at 1.0632. The US Federal Reserve decided to maintain the interest rate unchanged at its September meeting, keeping it within the target range of 5.25-5.50% per annum. In the Fed’s remarks, it was noted that the decision was unanimous while […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0665 is expected, followed by a decline to 1.0505. An additional signal confirming the decline will be a rebound from the lower boundary of […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Engulfing reversal pattern on H4. Currently, the instrument is going by the reversal pattern in an ascending wave. The growth target could be 1.3585. Next, the price might break the resistance level and continue the uptrend. However, the quotes could correct to 1.3460 before rising. […]
The British pound sterling, paired with the US dollar, continues to weaken. The current GBPUSD exchange rate stands at 1.2316. The pound has found itself under pressure as the US dollar strengthens its position. But there is more stress looming ahead. The Bank of England meeting will take place today, and the market has become […]