Tag: Roboforex
Brent Brent quotes have broken the 200-day Moving Average on H4 and are now above it, indicating a probable development of an uptrend. The RSI has rebounded from the support line. In this situation, further growth to the resistance level of 6/8 (78.12) is to be expected. The scenario can be cancelled by a downward […]
The BTC dropped to 3,0119 USD by Friday. Investor activity decreased after the BTC breached the 31,000 USD mark. However, there are still reasons for the cryptocurrency to continue rising. Once the market secures above 31,150 USD, it is expected to head towards 33,000-34,000 USD. According to the latest news, the BlackRock fund has initiated […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2705 is expected, followed by a rise to 1.2870. An additional signal confirming the rise will […]
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 correction target might be 1.3300. Next, the price could break the level and go further by the downtrend. However, the quotes might rise to 1.3440 […]
The major currency pair remains under pressure on Thursday. The current EURUSD quote is 1.0840. The US dollar gained support from the Federal Reserve yesterday when it released the minutes of its last meeting, which was held two weeks ago. Some monetary committee members are ready to support a 25-basis points rate hike in July. […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF are under the 200-day Moving Average on H4, revealing a prevailing downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of 2/8 (0.8972) is expected, followed by a decline to the support at 0/8 (0.8911). The scenario can be cancelled by rising above […]
The Japanese yen has paused its devaluation against the US dollar. The current USDJPY quote is 144.59. On one hand, JPY is performing a technical pullback following its recent significant weakening. On the other hand, the reduced risk appetite in the currency market has led to increased demand for safe-haven assets. While the yen has […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0895 is expected, followed by a decline to 1.0725. An additional signal confirming the decline will be a rebound from the […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Sandwich reversal pattern near the support level. At this stage, the instrument could go by the reversal signal in a corrective wave. The growth target might be 1930.00. Upon testing the resistance, the price could rebound from this level and continue the downtrend. However, the quotes […]
The major currency pair is slightly retreating on Wednesday on low volatility and anticipation of the Fed minutes. The current EURUSD quote is 1.0880. The past two days have been quiet and calm for the currency section: Monday was a shortened business day in the US, and Tuesday was a public holiday due to Independence […]