Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” USDCAD quotes have formed a Harami reversal pattern on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be 1.3365. Next, the price could rebound from the support level and develop an uptrend. However, the quotes could rise to 1.3480 […]
EURUSD, “Euro vs US Dollar” EURUSD continues to develop a consolidation range around the 1.0978 level. A downward breakout is expected, with the wave of decline developing to the 1.0944 level. A downward breakout of this level will open the potential for a movement by the trend to 1.0899 with the prospect of continuing the […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, a breakout of 3/8 (0.8728) is expected, followed by a price decline to the support level at 2/8 (0.8667). The scenario can be cancelled by […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are nearing the overbought area. The RSI is approaching the resistance line. In these circumstances, the quotes are expected to test the 8/8 (143.75) level, rebound from it and drop to the support at 6/8 (142.18). The scenario can be cancelled by an upward breakout of the […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Inverted Hammer reversal pattern near the support level. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 1945.00. Upon testing the resistance, the price could break it and continue the uptrend. However, the quotes could pull back […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to the 1.0928 level. Today the market is correcting at the 1.0973 level (a test from below) with a wide consolidation range formed around the 1.0970 level. A downward breakout of the range is expected, with the third wave of decline developing further. […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI has rebounded from the resistance line. In these circumstances, the price is expected to break the 3/8 (0.66530) level down and drop to the support at 2/8 (0.6469). The scenario can be cancelled […]
The market outlook for the approaching week encompasses several key events, including notable speeches, economic data releases, and the ongoing trajectory of Brent oil prices. Here’s a breakdown of what to expect: US Federal Reserve Updates The week kicks off with an insightful speech by Michelle Bowman, the esteemed governor of the US Federal Reserve, […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Inverted 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 level at 1.1070. However, the price could correct to 1.0940 and continue its upward movement after […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a correction at the 1.1011 level and started to develop another wave of decline. Today an impulse of decline to 1.0975 has been completed, and a consolidation range has formed around this level. A downward breakout will open the potential for a downward movement to the 1.0940 […]