Tag: Roboforex
USDCHF, “US Dollar vs Swiss Franc” USDCHF has broken the 200-day Moving Average and rests above it, which indicates a possible development of an uptrend. The RSI has rebounded from the support line. In this situation, a breakout of 4/8 (0.9033) is expected, followed by growth to the resistance level of 5/8 (0.9094). The scenario […]
BRENT Brent has left the borders of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 75.05 is expected, followed by a rise to 80.36. An additional signal confirming the rise will be a rebound from the upper border […]
XAUUSD, “Gold vs US Dollar” Near the support level, Gold has formed an Engulfing reversal pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target could be 2015.00. Upon testing the resistance, the price might break this level and continue the uptrend. However, the price could pull back […]
The market’s most traded currency pair continues to retreat on Wednesday. The current EURUSD quote is 1.0860. Investors are even more interested in safe-haven assets than before. This is due to the issue of the US government debt limit. In these circumstances, the US dollar is looking increasingly attractive. This will continue to be the […]
The British pound remains under pressure against the US dollar. The current GBPUSD quote is 1.2436. First, the Pound Sterling is under pressure from a strong US Dollar, which is in demand as a safe-haven asset while global capital markets are avoiding risk. UK employment market statistics released yesterday were disappointing. The unemployment rate rose […]
USDJPY, “US Dollar vs Japanese Yen” The quotes on H4 and the RSI are nearing the overbought area. A test of 8/8 (137.50) is expected, followed by a rebound from it and a decline to the support at 6/8 (135.93). The scenario can be cancelled by rising above the resistance level of 8/8 (137.50). In […]
BTC fell to 26,976 USD on Wednesday. The weekly loss exceeded 2%. The correlation between BTC and the S&P 500 and Nasdaq indices recovered. This made the leading crypto more sensitive to the developments in the US stock market. Investors are gloomy given the lack of consensus between Republicans and Democrats on the US government […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0903. Today the market is forming a wave of decline to 1.0833. And if this level also breaks, the potential for a decline to 1.0793 could open. This is a local target. GBPUSD, “Great Britain Pound vs US Dollar” The […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is testing the support area. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6650 is expected, followed by a decline to 0.6535. An additional signal confirming the decline will be a rebound from the upper border of […]
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 pattern in an ascending wave. The correction target might be 1.0900. However, the price could go on falling to 1.0815 and continue the downtrend without testing the resistance […]