Tag: Roboforex
The BTC failed to keep balance and on Monday dropped to 16,934 USD. The second attempt in a row to rise above the intermediate support level of 17,200 USD failed. The market stepped back to the comfortable consolidation area. Now the support levels of 16,600 USD and 16,300 USD turn out working. If they are […]
On Monday, the British pound against the US dollar is decreasing a bit. The current quote is 1.2240. Nonetheless, the pound looks stable even with the domestic events and news. Morning statistics from Great Britain demonstrated that industrial production in October dropped by 2.3% y/y, which turned out better than the forecast of 2.8% and […]
The BTC is doing a good job. On Friday, it returned above 17,200 USD, resting now at 17,215 USD. The price range remains excessively narrow. However, the fact that the buyers had enough strength to return above the intermediate resistance level, opens a pathway to 18,500 USD. This way will be long, if it ever […]
On Friday, the market major looks vigorous. The current quote is 1.0580. The market is discussing a possible increase in the European interest rate by 75 base points. Leading investors are now making lots of forecasts concerning this issue. We must admit, expectations are rather carnivorous. This supports the EUR. The statistics on the unemployment […]
BRENT On H4, the quotes of Brent oil are below the 200-day Moving Average, which indicates the prevalence of a downtrend. However, the RSI is already in the oversold area. A test of 0/8 (75.00) should be expected, followed by a bounce off it and growth to the resistance level of 2/8 (81.25). The scenario […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the currency pair has formed an Inverted Hammer reversal pattern. The pair may now go by the pattern in an ascending wave. The goal of the growth will be 1.3700; later the price may break through it and extend the uptrend. However, a […]
EURUSD, “Euro vs US Dollar” The currency pair got support at 1.0490 and performed a wave of growth to 1.0555. Today the market is forming a consolidation range around this level. With an escape upwards, a pathway to 1.0615 will open. With an escape downwards, a link of correction to 1.0490 is not excluded, followed […]
EURUSD, “Euro vs US Dollar” The pair is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0485 is expected, followed by growth to 1.0805. An additional signal confirming the growth will be a bounce off the lower […]
The Japanese yen against the US dollar remains neutral. The quote is 137.05. Curiously enough, the market somehow manages to keep the yen balanced. With the huge difference between monetary policies of the Bank of Japan and the US Federal Reserve System, the JPY continues devaluation. However, due to excessive market expectations concerning the pause […]
On Thursday, the British pound against the US dollar is slightly declining, but looks stable, on the whole. The quote is 1.2182. The pound is taking advantage of the weakness of the USD quite efficiently and remains not far from the peaks of June. Yet indeed, Great Britain and the GBP have quite a bunch […]