Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD has completed a correction at the 1.1040 level and started to develop another wave of decline. Today an impulse of decline to 1.1007 has been completed. A consolidation range has formed around this level. Breaking it down, the price continues to decline to the 1.0970 level. This is the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3340. Next, the price might rebound from the support and continue the uptrend. However, the quotes could rise to 1.3420 without […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have broken the 200-day Moving Average on H4 and are now below it, which indicates a potential downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the support at 4/8 (1.0986) is expected, followed by a decline to the level of […]
Brent Brent quotes are hovering above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has broken the resistance line. As a result, in this situation, the price is expected to grow further to the nearest resistance at 4/8 (87.50). The scenario can be cancelled by a downward breakout of the support […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to the 1.0917 level. Today the market is forming a consolidation range above this level. Growth could follow with the range extending to the 1.0964 level. An upward breakout of this range will open the potential for a correction to 1.0997. With a […]
XAUUSD, “Gold vs US Dollar” Gold has formed a 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 1955.00. Upon testing the resistance, the price might break it and continue the uptrend. However, the quotes could pull back to […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the oversold area on H4. The RSI has rebounded from the support line. In this situation, the price is expected to break the 0/8 (0.8789) level and rise to the resistance at 1/8 (0.8911). The scenario can be cancelled by a downward breakout of the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.1030. However, the price could correct to 1.0880 and continue the uptrend after the pullback. USDJPY, […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to the 1.0920 level. Today the market is forming a consolidation range above this level. A downward breakout is expected with the wave continuing by the trend to the 1.0868 level and the structure potentially extending to the 1.0840 level. A correction to […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are hovering above the 200-day Moving Average on H4, which indicates a prevailing uptrend. The RSI is nearing the support line. In these circumstances, the quotes are expected to test the 6/8 (142.18) level, then rebound from it and reach the resistance at 8/8 (143.75). The scenario […]