Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1330; 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 1.1365 and then resume moving downwards to reach 1.1225. Another signal in favour of a further downtrend will be […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hanging Man reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside correctional target may be at 1.1370. However, an alternative scenario […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is trading at 0.6777; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6810 and then resume moving downwards to reach 0.6655. Another signal in favour of a further downtrend […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average again, AUDUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 5/8, break it, and then continue falling to reach the support at 4/8. However, this scenario may no […]
USDJPY has been rising for the second consecutive trading session; the Bank of Japan is not ready to act aggressively. The Japanese Yen is retreating against the USD on Tuesday. The current quote for the instrument is 114.54. During its January meeting that ended earlier today, the Bank of Japan left its monetary policy intact. […]
EURUSD retreated to 1.1400 as soon as the US 10-year bond yield started rising. The major currency pair is correcting. The current quote for the instrument is 1.1393. After a pause in view of Martin Luther King Jr. Day in the US, investors are back to the debt market, where the US 10-year bond yield […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking its consolidation range to the upside, EURUSD has broken 50.0% fibo. At the moment, the asset is starting a new pullback, which may later be followed by another growth towards 61.8% and 76.0% fibo at 1.1500 and 1.1570 respectively. The […]
EURUSD, “Euro vs US Dollar” Having finished the correctional wave at 1.1380, EURUSD is expected to form one more ascending structure to break 1.1435 and then continue trading upwards with the target at 1.1495. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the correctional wave at 1.3620. Possibly, today the pair may resume […]
EURUSD, “Euro vs US Dollar” In the H4 chart, after rebounding from the resistance at 8/8, EURUSD is trading downwards. In this case, the price is expected to test 7/8, rebound from it, and then resume falling to reach the support at 5/8. Still, this scenario may no longer be valid if the price breaks […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Engulfing, close to the support level, USDCAD is reversing and may form a new correctional impulse. In this case, the upside target may be the resistance area at 1.2605. However, an alternative scenario implies that […]
