Tag: Roboforex
Yesterday, the BTC did try to grow and even reached $20,381, but couldn’t keep the momentum and dropped to $18,759. The key market driver for cryptos is the correlation with the American stock market, which has nothing to show right now – the stock market is overwhelmed by bears. Due to the rate hikes, conditions […]
The major currency pair continues plummeting. The current quote for the instrument is 0.9560. Yesterday, the “greenback” was once again in demand as a “safe haven” asset. At the same time, number released by the US were surprisingly confident. For example, the Durable Goods Orders report showed -0.2% m/m in August against the expected reading […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9550 along with the correction up to 0.9700, EURUSD has formed another descending structure towards 0.9538 with one more correction up to 0.9645. Today, the pair may resume trading downwards with the target at 0.9490. GBPUSD, “Great Britain Pound vs US Dollar” After finishing […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. The Relative Strength Index has broken 30 to the upside, confirming the correction. In this case, the pair is expected to rebound from 1/8 (0.6469), and then […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after plummeting earlier. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0905 and then resume moving downwards to reach 1.0105. Another signal in favour of a further downtrend will […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Shooting Star 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 1.3600. Later, the market may rebound from this […]
The Pound Sterling rebounded from the “bottom” against the USD. The current quote for the instrument is 1.0799. Now it can be said that all the market reactions relating to the Pound were caused by the £45-billion tax cut package announced earlier by the British government to help the country’s population and companies. The package […]
The major currency pair is looking rather neutral on Tuesday. The current quote for the instrument is 0.9650. Demand for the USD remains high and the reasons for this are still the same – global risk aversion and negative vibes inside the Euro Area economy. The US didn’t publish any interesting statistics yesterday. Germany reported […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 1645.00. At the same […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading within the “oversold area”. The Relative Strength Index is below 30, confirming that the asset is oversold. In this case, the price is expected to break -1/8 and continue growing to reach the resistance at 1/8. Still, this scenario […]
