Tag: Roboforex
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after completing the descending wave at 1.1200, forming a new consolidation range around this level, and breaking it downwards to reach the short-term target at 0.9955, EURUSD has returned to test 1.0080 from below. Possibly, the pair may continue trading within the […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming another Hanging Man reversal pattern close to the resistance level, USDCAD may reverse in the form of a new correctional impulse. In this case, the downside correctional target may be at 1.3100. Later, the market may rebound from this […]
EURUSD, “Euro vs US Dollar” After completing the descending structure at 0.9982, EURUSD is growing towards 1.0057 and may later fall to return to 0.9982, thus forming a wide consolidation range around the latter level. If the price breaks this range to the downside, the market may resume moving downwards with the target at 0.9800; […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading inside the “overbought area”. In this case, the price is expected to test 8/8, break it, and then continue falling and reach 7/8. However, this scenario may no longer be valid if the price breaks the resistance at […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from Tenkan-Sen and Kijun-Sen. 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 1.0045 and then resume moving downwards to reach 0.9810. Another signal in favour of a further […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed another 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 target may be at 1740.50. At the same time, […]
The BTC recovered to $20,195 on Wednesday. Yesterday, the major cryptocurrency didn’t break its familiar range despite the fact that investors were selling it. The intermediate resistance lies at $20,350, and if the asset secures above it, there might be a pause in sales and the price might even rise to reach $21,000. To make […]
EURUSD reached parity yesterday; investors are monitoring external background. The major currency pair is looking stable on Wednesday. The current quote for the instrument is 0.9984. So far, EURUSD has managed not to move far away from parity. Investors are keeping a close eye on the news. What is extremely important for the Euro is […]
GBPUSD remains under pressure; the asset is trading at its 30-month lows. On Tuesday morning, the Pound Sterling is looking as weak against the USD as before. The current quote for the instrument is 1.1715. It appears that the British economy can’t handle one problem before another starts knocking on the door. This continuous stress […]
EURUSD got very close to parity again. The major currency pair recovered a little bit after plunging earlier this week. The current quote for the instrument is 0.9984. The key negative vibe for EURUSD was the speech delivered by US Fed Chair Jerome Powell at the economic symposium in Jackson Hole. Powell said that the […]