Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the correction might be 1.3495. Then the price could rebound from this level and continue the downtrend. However, the quotes may drop to […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, AUDUSD quotes have broken the 200-day Moving Average and are now above it, hinting on possible development of an uptrend. The RSI is testing the support line. In these circumstances, we expect the price to rise above 3/8 (0.6774) and afterwards grow to the resistance at 4/8 […]
EURUSD, “Euro vs US Dollar” On H4, EURUSD quotes are above the 200-day Moving Average, which reveals the prevalence of an uptrend. The RSO is testing the support line. The quotes are currently expected to rise above 5/8 (1.0803) and reach the resistance at 6/8 (1.0864). The scenario can be canceled by a downwards breakout […]
EURUSD on Monday looks neutral. The current quote is 1.0790. This week not only starts a new month but also opens a quarter. Many important reports are scheduled for this period, so investors will definitely need forces. Last Friday, the US presented a cardinal release of the basic personal consumption expenses index in February. This […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0700. At the moment, the market has extended it up to 1.0928. If the price breaks it upwards, a pathway for growth to 1.1080 will open. If the price breaks the range downwards, the structure of decline could continue to 1.0455, […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a link of decline to 1.0800. Today the market is forming a consolidation range around this level. If the price escapes the range downwards, a wave of decline to 1.0740 might follow. And if the pair breaks this level as well, a structure to 1.0677 […]
XAUUSD, “Gold vs US Dollar” Near the resistance, gold has formed a Shooting Star reversal pattern. The instrument is now going by the reversal signal in a descending wave. The target for the correction might be 1920.00. Upon testing the support, the price could rebound from it and continue the uptrend. However, the quotes may […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting after a rebound from the resistance. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0675 is expected, followed by growth to 1.1045. An additional signal confirming the decline will be a rebound from […]
Brent On H4, Brent quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is testing the resistance line. In this circumstances, we expect a downward breakout of 1/8 (78.12) and falling to the support at 0/8 (75.00). The scenario can be canceled by rising above 2/8 (81.25), which […]
The British pound against the US dollar continues growing. The current quote is 1.2365. Apart from the weakness of the USD, the pound has a mighty domestic driver for growth. In particular, Britain has agreed to join a Trans-Pacific Partnership (CPTPP). London has already called it the biggest trade since Brexit. CPTPP has started working […]