Tag: Roboforex
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 decline target might be 1.3255. Next, the price could break the support and continue the downtrend. However, the quotes could correct to 1.3340 before a […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to the 1.0955 level and a link of correction to the 1.1018 level. Today another link of decline to 1.0950 could develop. A wide consolidation range is forming around 1.0999. With an upward breakout, a correction could continue to the 1.1122 level. A […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to the 1.0990 level. At the moment, a consolidation range is forming around this level. A downward breakout will open the potential for a decline to 1.0940. With an upward breakout, a wave of growth to the 1.1033 level could develop with the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed the first wave of decline to 1.0944. Today a correction to 1.1111 could develop. This is the second wave. Once the correction is over, the third wave of decline to 1.0888 could follow. With a downward breakout of this level, the wave could extend to 1.0666. This […]
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 1980.00. Upon testing the resistance, the price could break it and continue an uptrend. However, the quotes could pull back to […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI is testing the support line. In these circumstances, a downward breakout of the 5/8 (0.6652) level is expected, followed by a decline to the support level at 4/8 (0.6591). The scenario can be […]
Indices, Unemployment, and UK Interest Rate: this upcoming week is set to be eventful, with several key data releases impacting global markets. Here’s a breakdown of what to watch out for. USD: Anticipation for Index Data The US dollar quote will be heavily influenced by two critical data points – the Purchasing Managers’ Index (PMI) […]
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 might be the resistance at 1.1130. However, the quotes could correct to 1.0960 and continue the uptrend after the pullback. USDJPY, […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the first corrective target at the 1.1046 level. Today a link of decline to the 1.0992 level might develop. After the price reaches this level, another structure of growth to 1.1035 could follow. An upward breakout of this level will open the potential for the structure development […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are near the 200-day Moving Average on H4, which indicates the absence of any trend. The RSI has broken the resistance line. In these circumstances, the price is expected to break the 5/8 (1.1074) level and continue to grow to the resistance at 6/8 (1.1108). The scenario can […]