Tag: Roboforex
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance area during the pullback, EURUSD may reverse in the form of a new descending wave. In this case, the downside target may be at 0.9595. However, an alternative scenario implies that […]
The BTC is rising on Friday – the asset is mostly trading at $19,605. Yesterday, the market was very nervous and is still trying to reach stability. At the same time, the BTC dropped to $18,183 amid exchange sales but managed to recover pretty fast. As we can see, the support area between $18,000-$19,000 was […]
The major currency pair is stable on Friday. The current quote for the instrument is 0.9780. Yesterday the US released this week’s key report, the CPI for September. The indicator dropped to 8.2% y/y after being 8.3% y/y in August, which is quite good. However, on MoM, it added 0.4% against the expected reading of […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. The Relative Strength Index has rebounded from the ascending trendline. In this case, the pair is expected to break 6/8 (1.0009) and then continue growing towards the […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD may reverse in the form of a new descending wave. In this case, the downside correctional target may be at 1.3745. Later, the market may rebound from the […]
The major currency pair is looking neutral on Thursday. The current quote for the instrument is 0.9700. The currency market seems to have calmed down – you don’t often see such a situation recently. Investors decided to simply monitor what is happening in the market in anticipation of important statistics. Yesterday, the US FOMC released […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 0.9680. If later the price breaks the range to the upside, the market may start a new correction up to 0.9794; if to the downside – resume trading downwards with the target at 0.9600, or even extend this structure down to 0.9500. GBPUSD, “Great Britain […]
The major currency pair managed to reach stability on Wednesday. The current quote for the instrument is 0.9730. The United States secretary of the treasury Janet Yellen believes the current USD rate reflects the corresponding monetary policy. According to Yellen, there are no signs of financial instability in global capital markets. She said that strengthening […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9682 along with the correction up to 0.9733, EURUSD is expected to start a new decline towards 0.9640 and may later correct to test 0.9686 from below. After that, the instrument may resume falling with the target at 0.9600, or even extend this structure […]
The BTC reached stability at $19,140 on Wednesday. Nevertheless, bot short and mid-term trends remain bearish. A local correction in the USD and controversial dynamics in the US stock market helped the major cryptocurrency recover a little bit. However, nothing is changing strategically – investors aren’t interested in risks. At the same time, there are […]
