Tag: Roboforex
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0225. However, an alternative scenario implies that the price may correct […]
The BTC is slowly falling. On Wednesday, the major crypto is moving to $23,832. At the same time, the US stock market, which has a direct correlation with the BTC, continued rising yesterday, and the S&P 500 index even updated its highs. Why can’t the crypto market catch up with American exchanges? Probably, it’s because […]
GBPUSD remains under slight pressure on Wednesday after the United Kingdom released numbers on inflation. The Pound Sterling is slowly falling against the USD. The current quote for the instrument is 1.2114. The British CPI skyrocketed in July and reached 10.1% y/y after being 9.4% y/y in June and against the expected reading of 9.8% […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0160, EURUSD is consolidating there. If later the price breaks the range to the upside, the market may form one more ascending wave to reach 1.0222, and then start another decline with the target at 1.0080; if to the downside – resume falling towards […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking 8/8, AUDUSD is no longer moving within the “overbought area”. In this case, the price is expected to test 6/8, break it, and then continue falling to reach the support at 5/8. However, this scenario may no longer be valid if the price […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is no longer trading within the bullish channel. 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 1.2115 and then resume moving downwards to reach 1.1775. Another signal in […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns close to the resistance level, such as Harami, USDCAD may reverse in the form of a new descending impulse. In this case, the downside target may be at 1.2830. Later, the market may break this level […]
GBPUSD is falling on Tuesday; bears are getting more aggressive. The Pound Sterling continues to fall against the USD without any breaks. The current quote for the instrument is 1.2022. Earlier today, the United Kingdom released several reports on its labour market. The Unemployment Rate remained unchanged in June at 3.8%. Average Earnings Index added […]
EURUSD is losing momentum; investors are interested in the safe “greenback”. The major currency pair is falling on Tuesday. The current quote for the instrument is 1.0134. The situation in the currency market remains the same – investors are trying to escape from the risks. These risks are already known, but yesterday they were once […]
EURUSD, “Euro vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading below, 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 valid if […]