Tag: Roboforex
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, […]
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 […]