Tag: Roboforex
A 2-day recovery of the BTC slowed down on Friday. The major crypto is consolidating at $19,600. It’s higher than strategic support levels of $18,000-$19,000, which were able to survive again. However, it’s lower than the resistance area at $21,500, which may lead the way to $22,000 where the asset may start a proper growth. […]
The major currency pair moved away from the local bottom. The current quote for the instrument is 0.9800. The “greenback” dropped yesterday due to the decline in the US bond yield. Another thing that put pressure on the American currency was the strengthening of the offshore exchange rate of Chinese yuan. It looks rather unusual, […]
EURUSD, “Euro vs US Dollar” After completing another descending wave at 0.9535 along with the correctional structure up to 0.9727, EURUSD is forming a new descending structure to break 0.9575. Later, the market may continue trading downwards with the target at 0.9408. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the correction up […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading within the “overbought area”. The Relative Strength Index is heading towards 30 and is currently testing the support line, a breakout of which might signal a further downtrend. In this case, the pair is expected to break 8/8 (0.9765) and then continue […]
After updating its multi-year lows again, the major currency pair rebounded. The current quote for the instrument is 0.9656. Last night, the local interest in risks improved a bit, helping the asset to successfully correct. Investor continue paying much attention to the news but none to the statistics. In the meantime, the US Goods Trade […]
The Pound Sterling is keeping balance against the USD as much as possible. The current quote for the instrument is 1.0800. The news released yesterday were rather puzzling. The Bank of England announced its decision to buy long-term bonds to calm markets starting 28 September, thus stopping the bond buying programme that started earlier. The […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Harami reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending impulse. In this case, the downside target may be at 1615.00. At the same time, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is stuck inside the Triangle pattern. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0825 and then resume moving downwards to reach 1.0205. Another signal in favour of […]
EURUSD, “Euro vs US Dollar” After completing the correctional wave at 0.9670 along with the descending structure towards 0.9595 and then forming a new consolidation range around the latter level, EURUSD has broken it to the downside; right now, it is still falling to reach 0.9525. Later, the market may start a new growth to […]
USDJPY, “US Dollar vs Japanese Yen” As we can see in the H4 chart, USDJPY is moving within the “overbought area”. The Relative Strength Index has rebounded from the descending trendline. In this case, the pair is expected to test 8/8 (143.75), break it, and then correct downwards to reach the support at 7/8 (142.18). […]