Tag: Roboforex
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0844. Today the market is forming a consolidation range above this level. A structure of growth could develop to 1.0920, followed by a decline to 1.0833. If the price breaks the range upwards, the potential for a rise to 1.0950 […]
EURUSD, “Euro vs US Dollar” On H4, EURUSD quotes have broken the 200-day Moving Average and are now below it, indicating the development of a downtrend. However, the RSI has reached the oversold area. As a result, the pair is expected to break 2/8 (1.0864) and rise to the resistance at 5/8 (1.0925). The scenario […]
XAUUSD, “Gold vs US Dollar” Near the support level, gold has formed an Engulfing reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2040.00. Upon testing the resistance, the price might break it and continue the uptrend. However, the quotes could pull back to […]
The most traded currency pair in the market continues to retreat. The current quote in EURUSD is 1.0860. The US currency is in high demand as a safe haven asset. It is being heavily supported by rising US government bond yields. This came after Friday’s publication of statistics from the University of Michigan. The preliminary […]
The BTC rate stabilised around 27,413 USD on Monday. The weekly loss is estimated at 2%. The leading cryptocurrency rose today above intermediate resistance at 27,300 USD. This may force sellers to reduce volumes, but for a solid rise, the quotes need to secure above the 29,300 USD level. The target to secure is at […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF is pushing off the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.8935 is expected, followed by a rise to 0.9075. An additional signal confirming the rise will be a rebound from the upper border […]
The British pound looks weaker against the US dollar on Friday. The GBPUSD pair is currently quoted at 1.2528. The Bank of England decided at its May meeting to raise the interest rate to 4.50% per annum from 4.25% previously. The decision was agreed by seven votes out of nine. The BoE commented that inflation […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, the pair has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The corrective target could become 1.0965. However, the price might drop to 1.0890 and continue the downtrend without testing the resistance level. USDJPY, […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0900. Today the market is forming a consolidation range above this level. A structure of growth could develop to 1.0950, followed by a decline to 1.0892. If the price escapes the range upwards, , the potential for a correction to […]
USDJPY, “US Dollar vs Japanese Yen” On H4, USDJPY quotes are above the 200-day Moving Average, revealing the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to keep growing to the nearest resistance at 7/8 (135.93). This scenario can be cancelled by a downward […]