Tag: Roboforex
EURUSD, “Euro vs US Dollar” The currency pair 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 1.0360 is expected, followed by growth to 1.0765. An additional signal confirming the growth will be […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Harami reversal pattern. Currently, the pair is going by the signal in a descending wave. The goal of the decline may be 1.3330; next thing, the price might break through the support level and extend the downtrend. However, […]
The market major on Thursday is growing. The current quote is 1.0450. Yesterday was full of statistics, but the key catalyst was different. Activity of investors heated up after the speech of the head of the US Fed Jerome Powell. He confirmed that the next increase in the interest rate might be more modest that […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of decline to 1.0290. Getting support at this level, the market has performed a link of growth to 1.0440. Today a consolidation range might form around this level. With an escape upwards, a pathway up to 1.0590 will open. With an escape downwards, […]
EURUSD, “Euro vs US Dollar” The currency pair has broken through 1.0160 and has completed a structure of growth to 1.0496. At the moment, the market continues forming a consolidation range under this level. A link of correction to 1.0160 is not excluded. With an escape from the range upwards, a pathway to 1.0580 will […]
The Japanese yen got seriously stronger against the US dollar overnight. The current quote is 136.30. The main reason for the stabilisation of the yen became the crash of the dollar. This happened after the head of the US Federal Reserve System Jerome Powell acknowledged their plan to increase the interest rate in smaller portions […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI is testing the resistance line. Currently, we should expect a test of 0/8 (137.50), a breakthrough, and falling to the support level of -1/8 (135.93). The scenario can be cancelled by […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed Harami and Hammer reversal patterns. Currently, the pair is forming an ascending wave by the signal. The goal of growth might be 1795.00. Upon testing the resistance level, the pair might get the chance for breaking it away and continuing the uptrend. However, […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of decline to 1.0320 and continues forming a consolidation range. This new range is now forming at the lows of the declining impulse around 1.0356. With an escape from the range downwards, a pathway down to 1.0274 will open, from where the trend […]
USDCHF, “US Dollar vs Swiss Franc” The currency pair has pushed off the lower border of the Double Bottom reversal pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.9460 is expected, followed by growth to 0.9785. An additional signal confirming […]
