Tag: Roboforex
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 Doji and Hammer, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.2920. Later, the market […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the bearish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0145 and then resume moving upwards to reach 1.0450. Another signal in favour of a […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Engulfing 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 the support level at 1685.50. At […]
USDJPY, “US Dollar vs. Japanese Yen” On the H4 chart, after breaking 8/8, USDJPY is no longer trading within the “overbought” area. In this case, the price is expected to test the resistance at 8/8, rebound from it, and resume falling and reach 6/8. However, this scenario may no longer be valid if the price […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may re-test Kijun-Sen at 1.2010 and then resume moving upwards to reach 1.2270. Another signal in favour of a further uptrend […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0133, EURUSD is forming a new consolidation range around this level. If later the price breaks the range to the upside, the market may correct up to 1.0200; if to the downside – start a new decline with the short-term target at 1.0033. GBPUSD, […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0200. Possibly, the pair may expand the range up to 1.0260. However, according to the main scenario, the instrument is expected to break the range to the downside and start another decline to reach 1.0140. If later the price breaks this level as well, the […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it, thus indicating an ascending tendency. In this case, the price is expected to break 1/8 and continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the […]
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, the asset is moving sideways. At the moment, EURUSD may reverse in the form of another descending impulse. In this case, the downside target may be at 1.0110. However, an […]
EURUSD, “Euro vs US Dollar” EURUSD is testing Tenkan-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0205 and then resume moving upwards to reach 1.0505. Another signal in favour of a further uptrend will be a rebound from […]