Tag: Roboforex
EURUSD, “Euro vs US Dollar” After forming a new consolidation range below 0.9744 and breaking it to the upside, EURUSD has completed the ascending wave at 0.9840. Today, the pair may fall to test 0.9744 from above and then start another correction up to 0.9946. Later, the market may resume trading downwards with the target […]
BRENT As we can see in the H4 chart, Brent is trading below the 200-day Moving Average it to indicate a possible descending tendency. The Relative Strength Index has broken the ascending trendline to the downside. In this case, the pair is expected to break 4/8 (87.50) and continue falling towards the support at 2/8 […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming an Engulfing reversal pattern close to the support level, USDCAD is reversing in the form of a new ascending wave. In this case, the upside target may be at 1.3900. Later, the market may break the resistance area and […]
EURUSD, “Euro vs US Dollar” EURUSD is no longer trading inside the bearish channel. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9745 and then resume moving upwards to reach 1.0115. Another signal in favour of […]
A 2-day recovery of the BTC slowed down on Friday. The major crypto is consolidating at $19,600. It’s higher than strategic support levels of $18,000-$19,000, which were able to survive again. However, it’s lower than the resistance area at $21,500, which may lead the way to $22,000 where the asset may start a proper growth. […]
The major currency pair moved away from the local bottom. The current quote for the instrument is 0.9800. The “greenback” dropped yesterday due to the decline in the US bond yield. Another thing that put pressure on the American currency was the strengthening of the offshore exchange rate of Chinese yuan. It looks rather unusual, […]
EURUSD, “Euro vs US Dollar” After completing another descending wave at 0.9535 along with the correctional structure up to 0.9727, EURUSD is forming a new descending structure to break 0.9575. Later, the market may continue trading downwards with the target at 0.9408. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the correction up […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading within the “overbought area”. The Relative Strength Index is heading towards 30 and is currently testing the support line, a breakout of which might signal a further downtrend. In this case, the pair is expected to break 8/8 (0.9765) and then continue […]
After updating its multi-year lows again, the major currency pair rebounded. The current quote for the instrument is 0.9656. Last night, the local interest in risks improved a bit, helping the asset to successfully correct. Investor continue paying much attention to the news but none to the statistics. In the meantime, the US Goods Trade […]
The Pound Sterling is keeping balance against the USD as much as possible. The current quote for the instrument is 1.0800. The news released yesterday were rather puzzling. The Bank of England announced its decision to buy long-term bonds to calm markets starting 28 September, thus stopping the bond buying programme that started earlier. The […]