Tag: Roboforex
EURUSD, “Euro vs US Dollar” The currency pair continues to develop a consolidation range around the 1.0880 level. At the moment, the market has extended it upwards to 1.1090. A downward pattern is expected to develop towards 1.0880 (test from above). An upside exit from this range could open up the potential for growth to […]
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 reveals the prevalence of an uptrend. A test of the Kijun-Sen line at 1.2445 is expected, followed by growth to 1.2645. An additional signal confirming the growth will be […]
Investors remained unperturbed by the disappointing publication of the US GDP statistics for Q1 2023. The economy increased by 1.1%, two times less than expected. Today will also be tense: personal income and spending reports for March are scheduled for publication alongside the Core PCE inflation component. Technically, the market still craves for securing above […]
EURUSD on Friday remains neutral after receiving new alarming signals from the US economy. The current quote is 1.1030. The US GDP in the first quarter of 2023 grew by just 1.1% instead of the forecast 2.0% after growing by 2.6% previously. The economic growth turned out twice as worse as expected. In the components, […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Shooting Star reversal pattern. Currently, the instrument can go by the reversal signal in a descending wave. The target for the decline will be 1.3530. Next, the price could break the level and continue the downtrend. However, the price may pull back […]
EURUSD, “Euro vs US Dollar” EURUSD has rebounded from the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0985 is expected, followed by growth to 1.1145. An additional signal confirming the growth will be a […]
EURUSD, “Euro vs US Dollar” The currency pair completed a structure of decline to 1.0992. Today the quotes have corrected to 1.1038. At the moment, the market is forming a new structure of a wave of decline to 1.0986. After it reaches this level, a link of growth to 1.1025 is expected, followed by a […]
Brent On H4, Brent quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI is nearing the resistance line. As a result, a downward breakout of 1/8 (78.12) is expected, followed by a decline to the support at 0/8 (75.00). The scenario can be canceled by rising above the resistance […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2455 is expected, followed by growth to 1.2625. An additional signal confirming the growth will be […]
EURUSD, “Euro vs US Dollar” The currency pair completed a structure of a wave of growth to 1.1094. At a certain point, the market formed a consolidation range under this level. The quotes could drop to 1.1030 today. And if this level breaks as well, a pathway down to 1.0966 could open. GBPUSD, “Great Britain […]