Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Hanging Man, close to the resistance level, USDCAD is reversing and may form a new correctional impulse. In this case, the downside target may be the support area at 1.2655. However, an alternative scenario implies […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to break 5/8 and then continue moving upwards to reach the resistance at 6/8. However, this scenario may no longer be valid if the asset breaks 4/8 to the […]
EURUSD continues falling; it has dropped to its 2-year lows. The major currency pair is “knocked down” at the end of the trading week. The current quote for the instrument is 1.1155. So, the USD continues its rally. The key trigger for that is the results of the US Fed January meeting. Market players are […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1151; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1195 and then resume moving downwards to reach 1.1035. Another signal in favour of a further downtrend will be a […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the daily chart, having completed the correction, the asset is forming a new wave to the downside and re-testing 38.2%. The downside targets are 50.0% and 61.8% fibo at 0.6758 and 0.6464 respectively. The resistance is the high at 0.8007. In the H4 chart, […]
EURUSD, “Euro vs US Dollar” After breaking the consolidation range to the downside at 1.1244 and completing the descending wave at 1.1130, EURUSD is expected to form a new consolidation range there. A breakout of this range to the upside may result in a new rising wave towards 1.1310. Today, the pair may form the […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern not far from the resistance level, XAUUSD is reversing and may continue forming its correctional impulse. In this case, the downside correctional target is the support area at 1800.00. At the same time, an opposite […]
EURUSD, “Euro vs US Dollar” After breaking the consolidation range to the downside at 1.1244 and forming a downside continuation pattern, EURUSD is falling to reach the target at 1.1188. Later, the market may correct to test 1.1244 from below and then start a new decline with the target at 1.1180. GBPUSD, “Great Britain Pound […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 7/8 and continue growing to reach the resistance at 8/8. However, this scenario may be cancelled if the price […]
AUDUSD continues falling; the “greenback” remains strong. The Australian Dollar continues falling against the USD on Thursday. the current quote for the instrument is 0.7077. The American currency remains strong after “hawkish” comments from the US Fed and that puts a lot of pressure on AUD. The statistics published by Australia weren’t impressive and […]
