Tag: Roboforex
Brent On H4, Brent quotes have broken the 200-day Moving Average and are now below it, which indicates probable development of a downtrend. However, the RSI is already in the oversold area. As a result, the price is expected to break 2/8 (81.25) and next, reach the resistance at 3/8 (84.38). The scenario can be […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, EURUSD has formed a Harami reversal pattern. Currently, the pair can go by the reversal signal in an ascending wave. The target for the correction will be 1.1050. However, the quotes may correct to 1.0910 and continue the uptrend after testing the support. USDJPY, […]
Alongside the BTC, this week’s sales also affected the ETH (-10% over the week), the XRP (-13%), the ADA (-8.6%), the MATIC (-12%), the DOT (-10.8%), and more. Practically, the market is selling widely and wildly. What is the point? Due to the high correlation with the US stock market, the crypto section is extremely […]
The British pound against the US dollar on Friday is retreating. The current quote is 1.2400. In the morning, Britain published curious reports. The GfK CCI in the country in April rose to -30 points from -36 points previously. The improvement here could be explained by the decline in the pressure from consumer prices, yet […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from the lower border of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.2435 is expected, followed by falling to 1.2255. A signal confirming the decline will be […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a new structure of correction to 1.0988. Today the market is forming a link of a new wave of decline to 1.0935. With a breakout of this level downwards as well, a pathway to 1.0884 could open. After the price reaches this level, a link […]
The Japanese yen has dropped noticeably against the US dollar. The current quote is 134.80. The yen is being betrayed by domestic news and the international background equally. The morning statistics demonstrated that the trade deficit in Japan in fiscal 2022 (ended on 31 March 2023) had reached a high of 44 years, amounting to […]
EURUSD on Thursday is neutral. The current quote is 1.0960. Yesterday the US published almost no important statistics except for the Beige Book report. Meanwhile, the Eurozone shared some more exciting data – the final inflation report for March. Well, the CPI in the Eurozone in March remained at 6.9% y/y, while base inflation stayed […]
EURUSD, “Euro vs US Dollar” The currency pair has performed a structure of decline to 1.0917. At the moment, the price has corrected to 1.0979. Today the market is forming a link of a new declining wave to 1.0928. If this level breaks, a pathway down to 1.0880 could open. GBPUSD, “Great Britain Pound vs […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, revealing the presence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a test of 1/8 (0.8911) should be expected, followed by a downward breakout and a decline to the support at 0/8 (0.8789). […]