Tag: Roboforex
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new rising impulse. In this case, the upside target may be at 1.0055. However, an alternative scenario implies that the price may […]
USDJPY, “US Dollar vs. Japanese Yen” On the H4 chart, after rebounding from 8/8, USDJPY is trading below it. In this case, the price is expected to test the support at 7/8, break it, and then continue falling and reach 6/8. However, this scenario may no longer be valid if the price breaks the resistance […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 0.9900, EURUSD is consolidating above this level. Possibly, the pair may grow to reach 1.0055 and then resume falling with the target at 0.9800. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at 1.1717 and forming a new consolidation range […]
EURUSD remains under parity and raises a lot of questions. The major currency pair continues to fall. The current quote for the instrument is 0.9948. Demand for the “greenback” as a “safe haven” asset is not calming down, and it’s quite clear why: investors are still concerned about the possibility of a global recession. Macroeconomic […]
GBPUSD hit the low of March 2020; the asset remains under pressure. The Pound Sterling hit a new bottom against the USD. The current quote for the instrument is 1.1823. Yesterday, the Pound was testing the low it reached on 23 March 2020, at 1.1717. Just like we said before, the Pound must be feeling […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns close to the support level, such as Inverted Hammer, USDCAD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.3045. Later, the market may break this […]
Activity in the BTC dropped again. On Wednesday, the major cryptocurrency is trading at $21,340; investors are waiting. The digital asset is moving within a clear sideways channel. Market players are relaxing and saving strengths in anticipation of US Fed Chairman Jerome Powell’s speech, to be delivered on Friday in Jackson Hole. During the Economic […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from Tenkan-Sen and Kijun-Sen. 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 1.1880 and then resume moving downwards to reach 1.1575. Another signal in favour of […]
After updating its 20-year lows, EURUSD remains under pressure. The major currency pair is looking weak on Tuesday. The current quote for the instrument is 0.9906. So, the Euro is cheaper than the “greenback”. We’ve already seen it this year, but the asset never traded so low – yesterday it tested 0.9930. Obviously, investors have […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading below it to indicate a possible descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this […]