Tag: Roboforex
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9682 along with the correction up to 0.9733, EURUSD is expected to start a new decline towards 0.9640 and may later correct to test 0.9686 from below. After that, the instrument may resume falling with the target at 0.9600, or even extend this structure […]
The BTC reached stability at $19,140 on Wednesday. Nevertheless, bot short and mid-term trends remain bearish. A local correction in the USD and controversial dynamics in the US stock market helped the major cryptocurrency recover a little bit. However, nothing is changing strategically – investors aren’t interested in risks. At the same time, there are […]
The Pound Sterling is trying to reach stability against the USD. The current quote for the instrument is 1.0990. The statistics published by the United Kingdom in the morning weren’t too positive. The GDP lost 0.3% m/m in August after adding 0.2% m/m in July. The Industrial Production declined 1.8% m/m in August after losing […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Inverted Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new correctional wave. In this case, the upside correctional target may be at 1680.50. Later, the […]
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 […]