Tag: Roboforex
EURUSD, “Euro vs US Dollar” After completing the ascending wave at 0.9872 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to reach 0.9990 and may later start a new decline to return to 0.9872. After that, the instrument may form one more ascending structure towards 1.0010 […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD is reversing in the form of a new rising wave. In this case, the upside target may be at 1.3700. Later, the market may break the resistance area and […]
The BTC recovered pretty much, but doesn’t want to follow the American stock market. On Wednesday, the asset is mostly fluctuating at $20,238. So, the major crypto was supported from two sides: a rebound of the American exchanges and a correction in the DXY. All technical aspects for the BTC remain pretty much the same, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rising inside the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.1375 and then resume moving upwards to reach 1.1895. Another signal in favour of a further uptrend […]
The Australian Dollar is still rather weak against the USD. The current quote for the instrument is 0.6496. Yesterday, the Reserve bank of Australia announced a 25-point rate hike, up to 2.60%, which was a bit different from what market players expected. They believed the RBA would continue its “hawkish” policy and raise the rate […]
The major currency is ready to test parity on Wednesday. The current quote for the instrument is 0.9990. The key trigger for the EUR right now is a huge rebound in global capital markets, which revived risk attitude. The USD, in its turn, is being failed by a decline in the US bond yield. Investors […]
EURUSD, “Euro vs US Dollar” After finishing the ascending wave at 0.9840, EURUSD is still consolidating below this level. If later the market breaks this range to the upside, the market may form one more ascending wave to reach 0.9946; if to the downside – resume falling with the target at 0.9744, or even extend […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Shooting Star reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending wave. In this case, the downside target may be at 1675.50. At the same […]
The Australian Dollar is retreating against the USD again. The current quote for the instrument is 0.6469. The Reserve Bank of Australia had a meeting today and decided to raise the benchmark interest rate by 25 basis points, from 2.35% to 2.60%. Market players were quite surprised: the RBA introduced a 50-point rate after each […]
The Japanese Yen is slowly weakening against the USD. The current quote for the instrument is 144.77. Local interventions from the Bank of Japan calmed the Yen down and helped it reach balance for some time, but the effect didn’t last long, just as expected. The market is back to its previous movements – the […]