Tag: Roboforex

Aug 31
The cryptocurrency market digest (BTC, ETH). Overview for 31.08.2022

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 […]

Aug 31
EURUSD remains neutral. Overview for 31.08.2022

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 […]

Aug 30
It’s even scary how weak the Pound is. Overview for 30.08.2022

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 […]

Aug 30
EURUSD found support. Overview for 30.08.2022

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 […]

Aug 30
Forex Technical Analysis & Forecast 30.08.2022

EURUSD, “Euro vs US Dollar” After rebounding from 0.9914 and completing a new ascending structure at 1.0000, EURUSD is consolidating below the latter level. Possibly, the pair may expand the range up to 1.0030 and then resume moving downwards the target at 0.9830. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded from 1.1648 and […]

Aug 30
Murrey Math Lines 30.08.2022 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average 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 scenario may no […]

Aug 30
Ichimoku Cloud Analysis 30.08.2022 (GBPUSD, USDACD, BRENT)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from Tenkan-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 1.1805 and then resume moving downwards to reach 1.1395. Another signal in favour of a further […]

Aug 30
Japanese Candlesticks Analysis 30.08.2022 (EURUSD, USDJPY, EURGBP)

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 correctional target may be at 1.0065. However, an alternative scenario implies that the price […]

Aug 29
The Pound is plummeting. Overview for 29.08.2022

GBPUSD is plunging and updating its multi-month lows. The Pound Sterling can’t help plummeting against the USD. The current quote for the instrument is 1.1674. Apart from the strong ”greenback” factor and global risk aversion, negative news came from the British energy regulator, The Office of Gas and Electricity Markets (Ofgem). The regulator said that […]

Aug 29
Murrey Math Lines 29.08.2022 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario may no longer be valid if the […]