Tag: Roboforex
XAUUSD, “Gold vs US Dollar” Gold has formed an Inverted Hammer reversal pattern at the support level. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1910.00. Upon testing the resistance, the price might get the chance for a rebound from it and further development of […]
The market’s most traded currency pair is neutral on Monday. The current EURUSD exchange rate stands at 1.0889. The currency market’s sympathies remain on the side of the US dollar, owing to both the global risk aversion of investors and the content of the minutes of the last Fed meeting. Signals from China are mixed, […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4 near the support level. Currently, the instrument could go by the reversal pattern in an ascending wave. The correction target might be the resistance level of 1.0945. However, the quotes might drop to 1.0820 and continue the downtrend without pulling back. […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0844 and a correction to 1.0883. A new structure of decline to 1.0833 is expected to start forming today. After the price reaches this level, a link of correction to 1.0944 is not excluded, followed by a decline to 1.0810. This is […]
The BTC exchange rate is hovering around 26,060 USD on Monday, with the flagship cryptocurrency losing 11.4% in a week. The main trigger for last week’s sell-off was a viral publication in Bitcoin Magazine. It reported that Space X had sold its bitcoins worth 373 million USD. Journalists questioned this information, and eventually found it […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from the resistance level. The pair is going above the Ichimoku Cloud, suggesting an uptrend. A test of the lower boundary of the Cloud is expected at 1.2690, followed by a rise to 1.2940. The growth could be additionally confirmed by a rebound from the […]
BTC dropped to 26,260 USD by Friday. The weekly decline amounts to 10.6%, with the main drop occurring within the last 24 hours. Amidst the bearish seasonal cycle, there was enough spark to ignite a fire. The spark was initiated by the publication in Bitcoin Magazine, reporting that Space X had sold all its bitcoins […]
The Australian dollar, paired with the US dollar, has ceased its decline but remains in a weakened position. The current AUDUSD exchange rate stands at 0.6398. The day before, AUD reached its lowest point in 9 months. Some stabilisation in AUD sentiment can be attributed to the actions of China’s Central Bank. Yesterday, the regulator […]
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 correction target might be 1.3510. Next, the price could rebound from the support and continue the uptrend. However, the quotes might rise to 1.3610 without […]
Brent Crude oil quotes are above the 200-day Moving Average on H4, which reveals the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above 3/8 (84.38), later reaching the resistance level of 4/8 (87.50). The scenario can be cancelled by a downward breakout […]