Tag: Roboforex
EURUSD is consolidating and waiting for the March meeting of the US Fed to be over. The major currency pair slowed down its growth and is currently waiting for news. The latest quote for the instrument is 1.0997. The two-day meeting of the US Fed is scheduled to be over later today. It’s hard to […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 5/8, break it, and then continue falling to reach the support at 4/8. However, this scenario may no longer […]
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 level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the upside correctional target may be at 1.1100. However, an alternative scenario implies […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.0971; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1015 and then resume moving downwards to reach 1.0685. Another signal in favour of a further downtrend will be […]
EURUSD, “Euro vs US Dollar” EURUSD is growing towards 1.0990 and may later form a new descending structure to reach 1.0880. After that, the instrument may resume trading upwards with the first target at 1.1125. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at 1.3000 and forming a new consolidation range […]
AUDUSD is reaching stability after plunging earlier this week. The Australian Dollar is consolidating against the USD after plunging earlier. The current quote for the instrument is 0.7192. The commodity market is shaking, pulling the floor out from under the Aussie. Moreover, the coronavirus-related news from China is offering little room for optimism. Taken together, […]
GBPUSD updated its local “bottom”; the labour market statistics managed to smooth “negative vibes”. The British Pound is looking weak against the USD on Tuesday. The current quote for the instrument is 1.3046. Earlier this morning, the pair updated its local lows at 1.2997. It happened before the UK reported on the labour market – […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 1/8, break it, and then continue falling to reach the support at 0/8. Still, this scenario may no longer be valid if the […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support level, USDCAD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.2855. However, an alternative scenario implies that the asset may correct […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF is trading at 0.9352; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.9310 and then resume moving upwards to reach 0.9425. Another signal in favour of a further uptrend will be […]
