Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed an Inverted Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the correction might be 1.3400; later the price can bounce off the resistance level and continue the decline. However, the price may drop […]
EURUSD keeps retreating. The current quote is 1.0670. The currency pair dropped to the lows of five months. The reason is the market fear of the lengthy phase of monetary policy tightening by the US Federal Reserve System. First, the US presented the labour market report for January, and it turned out strong. It made […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is going inside the bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.2100 is expected, followed by falling to 1.1835. An additional signal confirming the decline will be a bounce off […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a correction to 1.0790. Today the market is developing a new structure of decline. A link of decline to 1.0690 is expected, followed by growth to 1.0740 and a decline to 1.0655, from where the wave might extend to 1.0610. The goal is local. GBPUSD, […]
Brent On H4, Brent quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI is testing the support level. As a result, a bounce off 5/8 (82.81) downwards is expected, followed by falling to the support level of 4/8 (81.25). This scenario can be cancelled by rising over the resistance […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0785 is expected, followed by falling to 1.0565. An additional signal confirming the decline will be a bounce off the upper […]
XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed an Inverted Hammer reversal pattern. Currently, the instrument can go by the signal in an ascending wave. The goal of the growth might be 1890.50. Upon testing the resistance level, the pair might get the chance to break through it and continue the […]
The BTC dropped again. The market melted down under the fears of the upcoming steps of the Federal Reserve System. The US stock indices slid down, and because of high levels of correlation with them the BTC lost balance as well. For the buyers, the situation looks disquieting because the price has dropped under the […]
EURUSD got depressed again. The current quote is 1.0720. The falling of the market major overnight is not the most common event, but now it looks normal. Investors are cautious, waiting for inflation statistics. The publication is scheduled for the next week. The scariest thing for the market is the probability of the economic slow-down […]
EURUSD is hardly moving. The current quote is 1.0730. The market has lived through serious changes in the moods – from panicking about statistics to becoming neutral again. This is time to get your nerve back. Meanwhile, inflation remains one of the crucial topics. For example, an ECB representative Klaas Knot voiced yesterday that the […]