Tag: Roboforex
USDJPY, “US Dollar vs Japanese Yen” As we can see in the H4 chart, USDJPY is trading above the 200-day Moving Average to indicate a possible ascending tendency. However, after breaking 70, the Relative Strength Index is moving above it, signaling that the asset is “overbought” and may start a descending correction soon. In this […]
On Tuesday, the major currency pair is looking weaker than the day before. The current quote for the instrument is 0.9680. The US celebrated the Columbus Day yesterday, and didn’t publish any important statistics. However, the International Monetary Fund together with the World Bank made a statement where they emphasised the key risks for global […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support area during the pullback, EURUSD may reverse in the form of a new correctional wave. In this case, the upside correctional target may be at 0.9735. However, an alternative scenario implies that […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. The Relative Strength Index is moving within the ”oversold area”. In this case, the pair is expected to test 4/8 (0.6347), break it, and then continue growing […]
The Pound Sterling is retreating against the USD. The current quote for the instrument is 1.1012. The USD is raising pressure on other currencies. The reason is global risk aversion in capital markets. The statistics published by the United Kingdom in the morning were rather mixed. For example, the Unemployment Rate dropped to 3.5% in […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9681 along with the correction up to 0.9744, EURUSD has broken the low of this wave; right now, it is still falling towards 0.9660 and may later form a new consolidation range around the latter level. After that, the instrument may break the range […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading within the “oversold area” again. The Relative Strength Index is approaching 30, which is a border of the above-mentioned area. In this case, the price is expected to break the resistance at 0/8 (0.9765) and continue growing to reach […]
The BTC is declining smoothly. On Monday, it is balancing near 19,427 USD. On Monday, the leading crypto is very restrained. It is a day off in the US today, so a part of investors will be away from the market. This can cause a decline in the volatility. There are still very few chances […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9748, EURUSD is consolidating there. Possibly, the pair may resume falling to break 0.9680 and then continue trading downwards with the target at 0.9500. GBPUSD, “Great Britain Pound vs US Dollar” Having formed a new consolidation range around 1.1154 and breaking it to the […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance level, USDCAD may reverse in the form of a new descending wave. In this case, the downside correctional target may be at 1.3665. Later, the market may rebound from the […]