Tag: Roboforex
XAUUSD, “Gold vs US Dollar” Gold has formed a 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 1985.50. Upon testing the resistance, the price might break it and continue the uptrend. However, the quotes could pull back to […]
The price of BTC dropped to 29,846 USD on Friday. The price of the flagship cryptocurrency is marginally above the 29,800 USD support. The next support is at the 29,500 USD level. If buyers are fighting for bullish momentum, they are doing so without the previous enthusiasm. The relative weakness of the US dollar and […]
EURUSD, “Euro vs US Dollar” EURUSD has corrected to 1.1228. At a certain point, the market performed another wave of decline to 1.1118. This is a local target. A link of correction to 1.1170 might develop today. After it is over, a new wave of decline to 1.1077 could start. GBPUSD, “Great Britain Pound vs […]
Brent Brent quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, a test of 8/8 (81.25) is expected, followed by a breakout of this level and a rise to the resistance at +1/8 (82.81). The scenario can be cancelled […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the Kijun-Sen line after a powerful decline. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2905 is expected, followed by a decline to 1.2655. An additional signal confirming the decline […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the resistance at 1.1220. However, the price might correct to 1.1085 and continue the uptrend after the pullback. USDJPY, […]
The primary currency pair remains at local lows on Friday. The current EURUSD quote is 1.1140. The stability and strength of the US dollar are attributed to the anticipation of the Federal Reserve’s decision to halt its aggressive monetary policy. The jobless claims statistics published yesterday confirmed the stability of the US employment sector. This […]
The British pound sterling has suspended its rally against the US dollar, and the currency pair is now in a corrective phase. The current GBPUSD quote is 1.2950. Yesterday’s published UK Consumer Price Index statistics for June reflected a decline to 7.9% y/y from 8.7% a month earlier. Core inflation stood at 6.9% y/y, down […]
The major currency pair is stable on Thursday. The current EURUSD quote is 1.1220. The market has reached an equilibrium point and is now awaiting news. The US Federal Reserve and the European Central Bank meetings will take place next week. The market is counting on the fact that the Fed is approaching the point […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The correction target could be 1.3175. Next, the price might rebound from the resistance level and continue the downtrend. However, the quotes could drop to 1.3100 without […]