Tag: Roboforex
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Shooting Star 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 1785.50. […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the pair is expected to test break 2/8 and continue falling towards the support at 0/8. However, this scenario may be cancelled if the price […]
GBPUSD took a break after a couple of days of plummeting. The Pound sterling stopped falling against the USD. The current quote for the instrument is 1.2135. First of all, the Pound is under domestic pressure – the United Kingdom has just survived the most significant rail strike in 30 years. However, labour unions aren’t […]
EURUSD plunged in the last 24 hours – the asset remains under pressure. The major currency pair is moving hesitantly on Thursday. The current quote for the instrument is 1.0439. The US GDP Q1 report published yesterday showed -1.6% y/y, which is worse than the expected reading of -1.5% y/y. The components of the report […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0490. However, an alternative scenario implies […]
EURUSD, “Euro vs US Dollar” EURUSD continues falling towards 1.0420. Later, the market may correct up to 1.0515 and then resume trading downwards with the target at 1.0395 or even extend this structure down to 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues falling towards 1.2100 and may later correct up to 1.2200. […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to continue growing and reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks the support at […]
And once again the BTC is very sensitive to mood swings in the US stock market. There is a correlation between S&P 500/NASDAQ and the BTC, which can be easily seen right now. This week, American exchanges are selling, so the major cryptocurrency has few chances to rebound. The BTC is falling towards $20,080 on […]
USDJPY is going around in circles; investors are ready to continue buying. The Japanese Yen is consolidating against the USD on Wednesday. The current quote for the instrument is 136.12. Nevertheless, this local calmness in the pair shouldn’t mislead anyone – the Yen does remain weak and further devaluation is just a question of time. […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.2985. Later, the market may break this level […]