Tag: Roboforex

EURUSD, “Euro vs US Dollar” EURUSD is forming a new consolidation range around 1.0202. According to the main scenario, the pair may break the range to the downside and start another decline to reach 1.0144. If later the price breaks this level as well, the market may continue moving within the downtrend with the target […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. Still, this scenario may no longer be […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing 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 test the cloud’s upside border at 1.1935 and then resume moving upwards to reach 1.2235. Another signal in favour of a […]

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 1.3070. Later, the market […]

EURUSD, “Euro vs US Dollar” Having finished the first descending impulse at 1.0160 along with the correction up to 1.0222, EURUSD is forming another descending structure with the short-term target at 1.0075. After that, the instrument may correct to test 1.0160 from below and then resume moving within the downtrend to reach 1.0028. GBPUSD, “Great […]

BRENT In the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 1/8, break it, and then continue moving downwards to reach the support at 0/8. However, this scenario may no longer be valid if the asset breaks the […]

EURUSD, “Euro vs US Dollar” EURUSD is still 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 test the cloud’s upside border at 1.0135 and then resume moving upwards to reach 1.0385. Another signal in favour of a […]

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 correctional impulse. In this case, the downside correctional target may be the support level at 1650.00. […]

EURUSD, “Euro vs US Dollar” Having finished the descending wave at 1.0155, EURUSD is correcting up to 1.0222. After that, the instrument may fall to break 1.0140 and then continue moving within the downtrend with the short-term target at 1.0064. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the descending wave at 1.1953 […]

USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, having rebounded from the support at 3/8, USDCHF is consolidating. In this case, the pair is expected to grow towards the resistance at 5/8. However, this scenario may be cancelled if the price breaks 3/8 to the downside. After that, the […]