Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Doji reversal pattern close to the resistance level, USDCAD may reverse in the form of another descending impulse. In this case, the downside target may be at 1.2595. However, an alternative scenario implies that the asset may grow […]
BRENT As we can see in the H4 chart, after testing 8/8 earlier, Brent has rebounded from it. In this case, the price is expected to break 7/8 and continue moving downwards to reach the support at 6/8. However, this scenario may no longer be valid if the asset breaks the resistance at 8/8 to […]
Considering the fact that everything around it is falling, declining, and plunging, the BTC is doing a good job. On Friday, the major cryptocurrency is balancing at $30,075. The US stock market plummeted yesterday. The S&P 500 index broke 4,100 пунктов and may continue falling towards 3,600 if the conditions remain as questionable and disturbing […]
EURUSD, “Euro vs US Dollar” After expanding the consolidation range up to 1.0770 and then rebounding from this level EURUSD is forming a new descending wave with the target at 1.0585 or even extend this structure down to 1.0544. Later, the market may start another correction to reach 1.0660. GBPUSD, “Great Britain Pound vs US […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the bullish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0665 and then resume moving downwards to reach 1.0435. Another signal in favour of a […]
EURUSD took a huge hit after the ECB meeting. The major currency pair dropped to its 2-week lows. The current quote for the instrument is 1.0619. The EUR was attacked from two fronts at the same time – the rally in US bond yields and the decisions made by the European Central Bank. The “greenback” […]
EURUSD, “Euro vs US Dollar” EURUSD is consolidating above 1.0707. Possibly, today the pair may expand the range up to 1.0765 and then resume falling to break 1.0670. Later, the market may continue trading downwards with the target at 1.0590. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around 1.2540. Possibly, the pair […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above to indicate a possible ascending tendency. In this case, the pair is expected to continue growing to reach the resistance at 5/8. However, this scenario may be cancelled if the price breaks the support at […]
After plunging earlier, EURUSD has reached stability and is ready to move forward. The major currency pair has recovered and is now waiting for signals from the European regulator. The current quote for the instrument is 1.0712. All eyes are on the European Central Bank today. The benchmark interest rate is expected to remain unchanged, […]
After hitting a new 20-year low, USDJPY stopped. The Japanese Yen got even weaker against the USD. The current quote for the instrument is 133.82. A new high in USDJPY is at 134.56 – the asset continues to devalue. The process started on 27 May and the Yen has dropped 5.85% since that time. As […]