Tag: Roboforex
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after plummeting earlier. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0905 and then resume moving downwards to reach 1.0105. Another signal in favour of a further downtrend will […]
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 1.3600. Later, the market may rebound from this […]
The Pound Sterling rebounded from the “bottom” against the USD. The current quote for the instrument is 1.0799. Now it can be said that all the market reactions relating to the Pound were caused by the £45-billion tax cut package announced earlier by the British government to help the country’s population and companies. The package […]
The major currency pair is looking rather neutral on Tuesday. The current quote for the instrument is 0.9650. Demand for the USD remains high and the reasons for this are still the same – global risk aversion and negative vibes inside the Euro Area economy. The US didn’t publish any interesting statistics yesterday. Germany reported […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 1645.00. At the same […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading within the “oversold area”. The Relative Strength Index is below 30, confirming that the asset is oversold. In this case, the price is expected to break -1/8 and continue growing to reach the resistance at 1/8. Still, this scenario […]
On Monday, the BTC is slightly growing, though nothing has changed for the cryptocurrency strategically. The leading crypto rests near 19,217 USD. For this week, no sensational statistics or important meetings are scheduled. Keep an eye though on the speech of the US Fed’s head Jerome Powell at the conference of the Bank of France. […]
The Pound Sterling dropped against the USD to the lowest levels since 1985. The current quote for the instrument is 1.0740. The Pound got under pressure from two sides simultaneously – the strong “greenback” and decisions made by the British regulator. The USD has an extremely strong influence on the British currency which can hardly […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting inside the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9705 and then resume moving downwards to reach 0.9310. Another signal in favour of a further downtrend will be […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9700 and then forming a new consolidation range around this level, EURUSD has broken it to the downside to finish another descending structure towards 0.9555. Today, the pair may correct to test 0.9700 from below and then resume falling with the target at 0.9490, […]