Tag: Roboforex
BRENT On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has exited the overbought area. A test of 2/8 (81.25) should be expected, followed by a breakaway and falling to the support level of 1/8 (78.12). The scenario can be cancelled by an upwards breakaway of […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Harami reversal pattern. Currently, the pair is going by the pattern in an ascending wave. The goal of the growth might be 1815.00. Upon testing the resistance level, the pair will get the chance to break through it and continue the uptrend. […]
EURUSD, “Euro vs US Dollar” The currency pair has extended the consolidation range to 1.0572. Today the pair may grow to 1.0616. After this level is reached, one more structure of decline to 1.0530 might develop. Then a correction to 1.0595 (a test from below) and a decline to 1.0460 might follow. The goal is […]
USDCAD, “US Dollar vs Canadian Dollar” The currency pair is correcting in a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.3625 is expected, followed by growth to 1.3845. An additional signal confirming the growth will be a bounce […]
On Thursday, the British pound against the US dollar is trying to grow. The current quote is 1.2117. The British statistics yesterday was cheerful. The CBI retail sales balance in December grew to 11 points from -19 points, while it had been expected to drop to -24 points. This is good news for the economy, […]
EURUSD, “Euro vs US Dollar” The currency pair is growing inside a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0595 is expected, followed by growth to 1.0870. An additional signal confirming the decline will be a bounce off […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. Currently, the pair is going by the reversal signal in an ascending wave. The goal of the growth might be 1.0725. However, the price may pull back to 1.0600, bounce off it, and continue the […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range above 1.0595. Today the range may extend to 1.0662. This will be a correction for the whole wave of decline. After this correction is over, a decline to 1.0595 should be expected. And after a breakaway of this level, a pathway down […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are in the oversold area. The RSI is testing the support level. The quotes are expected to break through 0/8 (0.9277) and grow to the resistance level of 1/8 (0.9399). The scenario can be cancelled by a downward breakaway of the support level of -1/8 […]
The market major has started growing again. The current quote is 1.0640. The evening US statistics showed that the Conference Board CCI in December grew to 108.3 points from 101.4 points in November. The result was better than expected. Also, the current situation index grew to 147.2 points from 138.3 points; the CCI grew to […]