Tag: Roboforex

Oct 10
The cryptocurrency market digest (BTC, BNT). Overview for 09.10.2023

The BTC quotes on Monday are consolidating near 27,949 USD. Nothing happened in the cryptocurrency sector over the last few days. The market remains without a key idea. As one, it could have accepted the licensing of bitcoin ETF or investors massively fleeing from risks in fiat markets. However, nothing has changed yet. To proceed […]

Oct 09
Technical Analysis & Forecast 09.10.2023

EURUSD, “Euro vs US Dollar” EURUSD made a corrective movement to 1.0566 and a link of decline to 1.0482. Amid the news, the market performed a rising impulse to 1.0599 and is correcting it today. A link of decline to 1.0522 is not excluded today. After the correction is over, a rising link to 1.0685 […]

Oct 09
The euro slides down. Overview for 09.10.2023

The major currency pair is declining on Monday. The current EURUSD exchange rate stands at 1.0550. The global market is escaping risks due to the escalation of a political conflict in the Middle East. Such aggravations primarily boost demand for safe-haven assets, including the US dollar. The statistics released in the US on Friday have […]

Oct 09
Ichimoku Cloud Analysis 09.10.2023 (EURUSD, USDJPY, XAUUSD)

EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.0540 is expected, followed by a decline to 1.0375. An additional signal confirming the decline will be a rebound […]

Oct 09
Japanese Candlesticks Analysis 09.10.2023 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be the support level of 1.0480. However, the price might correct to 1.0610 and continue the downtrend upon testing […]

Oct 06
Technical Analysis & Forecast 06.10.2023

EURUSD, “Euro vs US Dollar” EURUSD has made a corrective movement to 1.0550. At the moment, the market is consolidating under this level. A declining movement to 1.0487 could follow today. Practically, a wide consolidation range has formed around this level. With an escape from the range downwards, an extension to 1.0421 is not excluded. […]

Oct 06
Murrey Math Lines 06.10.2023 (Brent, S&P 500)

Brent Brent quotes have broken the 200-day Moving Average on H4 and currently rest below it, indicating probable development of a downtrend. However, the RSI is already in the oversold area. As a result, in this situation, a test of 1/8 (82.81) is expected, followed by a rebound from this level and a rise to […]

Oct 06
Ichimoku Cloud Analysis 06.10.2023 (GBPUSD, USDCAD, BRENT)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2175 is expected, followed by a decline to 1.1955. An additional signal confirming the decline will […]

Oct 06
Japanese Candlesticks Analysis 06.10.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern. 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 1.3680 before rising. AUDUSD, “Australian Dollar […]

Oct 06
Euro/dollar awaits economic data. Overview for 06.10.2023

The primary currency pair is maintaining its stability on Friday. The current EURUSD exchange rate stands at 1.0543. The market is holding its strength as it prepares for the release of substantial economic data from the US. The unemployment rate is expected to drop to 3.7% in September from the previous 3.8%, and non-farm payrolls […]