Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument might go by the reversal signal in a descending wave. The decline target could be 1.3185. Next, the price has a chance to break the support and continue the downtrend. However, the quotes could pull back […]
The major currency pair still appears very strong by Friday. The current EURUSD quote is 1.1240. The euro has been rising for seven days straight. The most traded currency pair looks seriously overbought, but the bulls still have a lot of strength. The rally was mostly triggered by the US statistics: first on the employment […]
Brent Brent quotes and the RSI have reached their corresponding overbought areas on H4. As a result, a test of 7/8 (79.69) is expected, followed by a breakout of the level and a decline to the support at 6/8 (78.12). The scenario can be cancelled by a rise above the resistance at +1/8 (82.81). In […]
The BTC quotes rose to 31,440 USD on Friday. The flagship cryptocurrency increased by 3.8% overnight, and the weekly surplus is estimated at 4.4%. A trigger for the move came from the outside: after the court acknowledged that the XRP was not a security, the token skyrocketed, pulling other digital assets upwards. This is the […]
EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.1165 is expected, followed by a rise to 1.1365. An additional signal confirming the rise will be a rebound from the lower boundary of […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a corrective wave. The pullback target could be 1950.00. After a test of the support level, the price might rebound from it and continue the uptrend. However, the […]
The market’s most traded currency pair maintains upward momentum on Thursday. The current EURUSD quote is 1.1140. So, the US dollar dropped to its annual low against the Euro after the US published statistical data on the Consumer Price Index in June. The index rose by 0.2% m/m against the forecast rise of 0.3%. Such […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes on H4 and the RSI are in their oversold areas. In these circumstances, the instrument is expected to rise above -1/8 (0.8667) and advance to the resistance level of 0/8 (0.8789). The scenario can be cancelled by a downward breakout of the support at -2/8 (0.8544), which […]
The British pound sterling does not stop the rally against the US dollar. The current GBPUSD quote is 1.3000. The fall of the US dollar provided support for the pound and added to the list of triggers recently launching the rise in the GBP rate. From the fundamental point of view, the pound relies on […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD quotes are testing the upper boundary of a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2940 is expected, followed by a rise to 1.3035. An additional signal confirming the rise will be a […]