Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, which indicates the prevalence of a downtrend. The RSI has broken the support line. In this situation, a downward breakout of 6/8 (1.0498) is expected, followed by a decline to the support level of 5/8 (1.0376). The scenario can be […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be 1.3590. Next, the price could rebound from the support and extend the uptrend. However, the quotes might rise to 1.3740 without testing […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0500. A link of correction to 1.0535 is expected today (with a test from below). After the quotes reach this level, they could drop to 1.0467. And with a breakout of this level as well, the trend could continue to 1.0374. GBPUSD, […]
The BTC exchange rate surged to 27,244 USD on Monday. There is a belief that the current positive sentiment around BTC is related to the seasonal growth factor. While this viewpoint should be approached with caution, it should not be dismissed entirely. The market’s focus is on at least two external factors: the Federal Reserve’s […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the upper boundary of the Cloud at 1.0565 is expected, followed by a decline to 1.0365. An additional signal confirming the decline will be a rebound from the […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of growth to 1.0638. The market has formed a consolidation range under this level and, escaping it downwards, continues developing the declining wave to 1.0470. After the price hits this level, a link of growth to 1.0550 is not excluded (with a test from below), […]
Brent Brent quotes are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, the price is expected to rebound from 3/8 (85.94) and drop to the support of 1/8 (82.81). The scenario can be cancelled by rising above the 3/8 […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY has secured above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 149.35 is expected, followed by a rise to 151.25. An additional signal confirming the rise will be a rebound […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Doji reversal pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target could be 1900.00. Upon testing the resistance, the quotes might break it and continue developing the ascending wave. However, the quotes could drop to 1860.00 before rising. […]
The Japanese yen paired with the US dollar is steadily weakening. The current USDJPY exchange rate stands at 149.71. The US dollar is once again approaching the crucial psychological threshold for the market at the level of 150 yen, driven by yesterday’s release of US inflation statistics. The gap between Japanese and US government bond […]