Tag: Roboforex
The major currency pair remained in a weak position on Monday, although it is attempting to correct itself. The current EURUSD exchange rate stands at 1.0780. The US released a significant set of crucial macroeconomic statistics last Friday. The data impressed investors and revived discussions about the future of interest rates in the US market. The […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1939.00. After testing the support, the price could rebound from it and continue the uptrend. However, the quotes might rise […]
EURUSD, “Euro vs US Dollar” EURUSD quotes and the RSI on their H4 charts are approaching their respective oversold areas. In this situation, a test of 0/8 (1.0742) is expected, followed by a rebound from this level and a rise to the resistance at 2/8 (1.0864). The scenario can be cancelled by a downward breakout […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after it broke a bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2615 is expected, followed by a decline to 1.2445. An additional signal confirming the decline will be […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a structure of a wave to 1.0770. Today the market is forming a consolidation range above this level. Escaping the range upwards, the price might form a link of growth to 1.0810. Exiting the range downwards, it might open the potential for a wave to 1.0740, from […]
The major currency pair declined on Friday. The current EURUSD exchange rate stands at 1.0840. The US dollar is experiencing increased demand due to the cautious approach taken by major central banks regarding their September interest rate decisions. The US dollar’s strong rally and its significant fluctuations can be exhausting for investors. As market observers […]
Brent Brent quotes are nearing the overbought area on H4, with the RSI already in the overbought area. In these circumstances, the price is expected to break the 8/8 (87.50) level, rebound from it, and drop to the support level at 6/8 (84.38). The scenario can be cancelled by a breakout of the resistance level […]
The BTC exchange rate retreated to 26,027 USD on Friday, erasing all its previous gains. Thus, localised optimism in the cryptocurrency in response to specific court decisions did not continue. A similar situation occurred with XRP this summer – the market showed enthusiasm, purchased it, and then paused, pondering what to do with it. The […]
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing the third declining wave. The estimated target is 1.0738. At a certain point, it formed a wave of decline to 1.0675 and a correction to 1.0944 (with a test from below). Today the market continues developing a structure of decline to 1.0738. This is a […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave to the 1.0846 level. Today the market is forming a consolidation range around this level. With an upward breakout, a link of growth to 1.0880 could follow. A downward breakout will open the potential for a movement to 1.0808, with the trend potentially continuing to […]