Tag: Roboforex
EURUSD, “Euro vs US Dollar” After completing the ascending wave at 1.1364, EURUSD is expected to correct towards 1.1333. Later, the market may form one more ascending structure to break 1.1364 and then continue trading upwards with the target at 1.1444. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the ascending wave at 1.3648, […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is trading at 114.44; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 114.65 and then resume moving downwards to reach 113.45. Another signal in favour of a further downtrend will […]
GBPUSD has climbed into positive territory; investors believe it may continue rising. The British Pound is growing against the USD on Thursday. the current quote for the instrument is 1.3631. Inflation in the United Kingdom in December demonstrated phenomenal growth and reached 5.4% y/y after being 5.1% y/y the month before and against the […]
Brent As we can see in the H4 chart, Brent has broken its previous high at 86.63. Right now, the asset is trying to fix above it and continue trading upwards to reach the post-correctional extension area between 138.2% and 161.8% fibo at 94.56 and 99.43 respectively. The key support is the low at 65.89. […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming an Engulfing reversal pattern during the pullback not far from the support level, XAUUSD is reversing and may continue forming its ascending impulse. In this case, the upside target remains at the resistance area at 1845.00. At the same time, […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDJPY is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue growing to reach the resistance at 7/8. However, this […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.1410 and breaking it to the downside, EURUSD has extended the correction down to 1.1315; right now, it is starting to form one more ascending structure towards 1.1494. The first target is at 1.1410. GBPUSD, “Great Britain Pound vs US Dollar” Having formed […]
EURUSD had one of the worst trading sessions in recent times. The major currency pair dropped yesterday and remains rather weak today. the current quote for the instrument is 1.1340. The “greenback” is still supported by the US 10-year bond yield, which continues increasing, and the global stock market decline. At the same time, the […]
After a recent drawdown, GBPUSD is consolidating; the Pound badly needs support. The British Pound stopped its decline against the USD in favour of consolidation. The current quote for the instrument is 1.3611. The factor that supported the Pound earlier, expectations of a possible rate hike soon by the Bank of England, is no longer […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, after an attempt to test and break 76.0% fibo, GBPUSD has started a new decline, which may transform into a proper descending wave towards the low at 1.3160. The key resistance and the next upside target are the high at […]
