Tag: Roboforex

Mar 14
The Pound dropped to its 18-month lows. Overview for 14.03.2022

GBPUSD continues falling and updating its local lows. The British Pound is getting weaker against the USD on Monday. The current quote for the instrument is 1.3051. What is happening? First of all, GBPUSD is under significant pressure that comes from the “greenback, which is in demand as a “safe haven” asset during turbulent periods. […]

Mar 12
Forex Technical Analysis & Forecast 11.03.2022

EURUSD, “Euro vs US Dollar” After completing the descending impulse at 1.1000, EURUSD is consolidating around this level. Possibly, the pair may form one more ascending structure to reach 1.1040 and then resume falling to break 1.0960. Later, the market may continue trading downwards with the target at 1.0880. GBPUSD, “Great Britain Pound vs US […]

Mar 12
Murrey Math Lines 11.03.2022 (Brent, S&P 500)

BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 1/8 and then continue moving upwards to reach the resistance at 2/8. However, this scenario may no longer be valid if the asset breaks the support at 0/8 […]

Mar 11
The cryptocurrency market digest. Overview for 11.03.2022

The crypto market is once again experiencing a local decline and there is a fundamental reason for that. Yesterday, the US reported on the February inflation and the indicator skyrocketed to its 40-year high, 7.9% y/y. Investors were expecting the actual reading to be quite high but the reality turned out to be much more […]

Mar 11
Japanese Candlesticks Analysis 11.03.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hanging Man pattern not far from the resistance level. At the moment, the asset is reversing in the form a new descending impulse towards the rising channel’s downside border. In this case, the downside correctional target may be […]

Mar 11
EURUSD is under pressure again. Overview for 11.03.2022

EURUSD has to fall after the US reported on the Consumer Price Index.  The major currency pair is back to falling. The current quote for the instrument is 1.0976. The risk appetite dropped yesterday after the US reported on inflation in February. The indicator showed 7.9% y/y, the highest reading in 40 years.  What does […]

Mar 11
Ichimoku Cloud Analysis 11.03.2022 (EURUDS, XAGUSD, GBPUSD)

EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1001; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1045 and then resume moving downwards to reach 1.0725. Another signal in favour of a further downtrend will be […]

Mar 10
Forex Technical Analysis & Forecast 10.03.2022

EURUSD, “Euro vs US Dollar” After breaking 1.0940 to the upside and completing the ascending wave at 1.1093, EURUSD is falling towards 1.1017. Later, the market may form one more ascending structure to reach 1.1060 and then resume falling with the target at 1.0940. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the correction […]

Mar 10
Murrey Math Lines 10.03.2022 (USDCHF, GOLD)

USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to test 5/8, break it, and then continue growing to reach the resistance at 6/8. However, this scenario may be […]

Mar 10
Ichimoku Cloud Analysis 10.03.2022 (GBPJPY, AUDUSD, USDJPY)

GBPJPY, “Great Britain Pound vs Japanese Yen” GBPJPY is trading at 152.91; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 153.35 and then resume moving downwards to reach 149.65. Another signal in favour of a further downtrend […]