Tag: Roboforex

EURUSD, “Euro vs US Dollar” EURUSD worked off a downward wave to 0.9707 and performed a rising link to 0.9767. Today the market is forming a downward structure to the level 0.9670. Its breakdown will open the potential for the development of the wave to 0.9544. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD performed […]

EURUSD, “Euro vs US Dollar” Having completed the descending wave at 0.9639 along with the ascending structure towards 0.9777, EURUSD is consolidating around the latter level. If later the price breaks the range to the upside, the market may start a new growth to reach 0.9940 and then resume trading downwards with the target at […]

BRENT In the H4 chart, after breaking the 200-day Moving Average once again, Brent is trading above it to indicate a possible ascending tendency. The Relative Strength Index has also broken the descending trendline. In this case, the pair is expected to test 7/8 (96.88), break it, and then continue growing towards the resistance at […]

EURUSD, “Euro vs US Dollar” EURUSD has fixed above the resistance level. 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 upside border at 0.9815 and then resume moving downwards to reach 0.9475. Another signal in favour of a further […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance area during the pullback, EURUSD may reverse in the form of a new descending wave. In this case, the downside target may be at 0.9595. However, an alternative scenario implies that […]

The BTC is rising on Friday – the asset is mostly trading at $19,605. Yesterday, the market was very nervous and is still trying to reach stability. At the same time, the BTC dropped to $18,183 amid exchange sales but managed to recover pretty fast. As we can see, the support area between $18,000-$19,000 was […]

The major currency pair is stable on Friday. The current quote for the instrument is 0.9780. Yesterday the US released this week’s key report, the CPI for September. The indicator dropped to 8.2% y/y after being 8.3% y/y in August, which is quite good. However, on MoM, it added 0.4% against the expected reading of […]

USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. The Relative Strength Index has rebounded from the ascending trendline. In this case, the pair is expected to break 6/8 (1.0009) and then continue growing towards the […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man 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 1.3745. Later, the market may rebound from the […]

The major currency pair is looking neutral on Thursday. The current quote for the instrument is 0.9700. The currency market seems to have calmed down – you don’t often see such a situation recently. Investors decided to simply monitor what is happening in the market in anticipation of important statistics. Yesterday, the US FOMC released […]