Tag: Roboforex
EURUSD rebounded from its local bottom and is trying to regain its positions. The major currency pair recovered a little bit on Monday. The current quote for the instrument is 1.1177. The first supporting factor is that the craze around the US Fed January meeting is dying down – all the statements, decisions, and […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7135; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7070 and then resume moving downwards to reach 0.6865. Another signal in favour of a further downtrend will be […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after attempting to reach the high at 1877.09, XAUUSD is forming a steady wave to the downside and has already returned to 38.2% fibo tested earlier. The next downside targets may be 61.8% and 76.0% fibo at 1730.00 and 1696.10 respectively. The […]
EURUSD, “Euro vs US Dollar” After reaching the target at 1.1125, EURUSD is growing towards 1.1186 and may later fall to reach 1.1148, thus forming a new consolidation range between the two latter levels. A breakout of this range to the upside may result in a new ascending wave with the first target at 1.1220. […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Hanging Man, close to the resistance level, USDCAD is reversing and may form a new correctional impulse. In this case, the downside target may be the support area at 1.2655. However, an alternative scenario implies […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to break 5/8 and then continue moving upwards to reach the resistance at 6/8. However, this scenario may no longer be valid if the asset breaks 4/8 to the […]
EURUSD continues falling; it has dropped to its 2-year lows. The major currency pair is “knocked down” at the end of the trading week. The current quote for the instrument is 1.1155. So, the USD continues its rally. The key trigger for that is the results of the US Fed January meeting. Market players are […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1151; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1195 and then resume moving downwards to reach 1.1035. Another signal in favour of a further downtrend will be a […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the daily chart, having completed the correction, the asset is forming a new wave to the downside and re-testing 38.2%. The downside targets are 50.0% and 61.8% fibo at 0.6758 and 0.6464 respectively. The resistance is the high at 0.8007. In the H4 chart, […]
EURUSD, “Euro vs US Dollar” After breaking the consolidation range to the downside at 1.1244 and completing the descending wave at 1.1130, EURUSD is expected to form a new consolidation range there. A breakout of this range to the upside may result in a new rising wave towards 1.1310. Today, the pair may form the […]
