Tag: Roboforex
The most traded currency pair on Tuesday is stabilising after a stress yesterday. The current EURUSD quote is 1.0913. USD reached its monthly highs because investors were looking for a safe haven. The market was avoiding risks because of fears about the future of the Chinese economy. Moreover, investors were anxious about what the Bank […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a consolidation range around 1.0980 and, breaking it downwards, continues developing a structure of decline to 1.0914. After the price reaches this level, a link of correction to 1.0980 is not excluded (with a test from below). Next, a decline to 1.0890 is expected, from where the […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are under the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is testing the support line. In these circumstances, a downward breakout of 3/8 (1.0925) is expected, followed by a decline to the support at 2/8 (1.0864). The scenario can be cancelled by […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.0945 is expected, followed by a decline to 1.0805. An additional signal confirming the decline will be a rebound […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Inverted Hammer reversal pattern near the support level. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 1925.00. Upon testing the resistance, the price could rebound from it and continue the downtrend. However, the quotes could drop […]
The BTC price remains stable at around 29,426 USD on Monday. From a technical perspective, the BTC price continues to trade within the same sideways channel observed two weeks ago. The risk of retesting the local minimum near 28,585 USD persists. Support lies at 28,600 USD, while resistance is at 30,300 USD. Due to reduced […]
The British pound sterling, paired with the US dollar, is holding its ground on Monday. The current GBPUSD exchange rate stands at 1.2694. According to the latest data, the UK economy grew by 0.2% in Q2 2023 in comparison to Q1 figures. This marks the highest quarterly growth in over a year. The Bank of […]
BRENT Brent quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI is testing the support line. In these circumstances, the quotes are expected to break the 4/8 (87.50) level and reach the resistance level at 5/8 (90.62). The scenario can be cancelled by a downward breakout of the support […]
EURUSD, “Euro vs US Dollar” EURUSD has broken the consolidation range upwards and completed another link of correction to the 1.1063 level. Once the price hit this level, the market started to develop a new wave of decline to the 1.0955 level. A link of growth to 1.1000 (a test from below) could begin next, […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance at 1.1110. However, the quotes could correct to 1.0940 and continue the uptrend after the pullback. USDJPY, […]