Tag: Roboforex
The market’s most traded currency pair starts the new week of May cautiously. The current EURUSD quote is 1.0820. The currency market’s attention is still focused on the US national debt and the debates around it. So far, the discussions between the Republicans and Democrats have proved non-productive. It would be great for them to […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI is approaching the resistance line. In this situation, a downward breakout of 1/8 (1.0803) is expected, followed by a decline to the support at 0/8 (1.0742). The scenario can be cancelled by […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, EURUSD has formed a Harami reversal pattern. The instrument is currently going by the reversal signal in an ascending wave. The correction target could be 1.0860. However, the price might drop to 1.0760 and continue the downtrend without testing the resistance level. USDJPY, “US […]
EURUSD, “Euro vs US Dollar” The currency pair has risen to 1.0827 and now rests in a consolidation range below it. If the quotes break the range downwards, the range might extend to 1.0740. If the price escapes it upwards, the correction could continue to 1.0896, after which a decline to 1.0700 might follow. GBPUSD, […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0825 is expected, followed by a decline to 1.0645. An additional signal confirming the decline will be a rebound from the upper […]
The BTC rate on Friday remains near 26,930 USD. The weekly growth is 2.5%. The lack of consensus between the US Congress and the White House on the public debt issue is making investors cautious. As the correlation between the Nasdaq and S&P 500 indices and the BTC is restored, everything happening in the US […]
The Japanese yen paired with the US dollar has accelerated the pace of devaluation. The current quote is 138.17. The yen was declining faster but fresh price statistics stopped its fall. For example, annual inflation in Japan increased by 3.5% in April from 3.2% a month before. The CPI rose by 0.6% m/m after growing […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be 1.3410. Next, the price will have a chance to break the support and continue the downtrend. However, a correction to 1.3550 […]
BRENT On H4, Brent quotes have risen to 0/8 (75.00), escaping the oversold area. The RSI has rebounded from the support line. In this situation, a test of 1/8 (78.12) is expected, followed by a breakout of this level and a rise to the resistance level of 2/8 (81.25). The scenario can be cancelled by […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the support area. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2460 is expected, followed by a decline to 1.2275. An additional signal confirming the decline will be a rebound from the upper […]