Tag: Roboforex
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside correctional target may be at 1.0980. However, an alternative scenario implies […]
AUDUSD has been “in the black” for the second week in a row despite natural disasters. The Australian Dollar is actively strengthening against the USD. The current quote for the instrument is 0.7336. One reason is that the improvement in global geopolitics has a positive influence on traded currencies. Another supporting factor comes from a […]
EURUSD successfully continues its positive momentum; all eyes are now on the Fed and statistics. The major currency pair recovered pretty much yesterday. The current quote for the instrument is 1.1041. The local improvement in geopolitical tensions had an immediate impact on EURUSD – the demand for the “safe haven” USD dropped and the European […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading within the “overbought area”. In this case, the price is expected to test 8/8, break it, and then continue falling to reach the support at 7/8. However, this scenario may no longer be valid if the price breaks […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD is reversing and may form a new correctional impulse. In this case, the downside correctional target may be at 1.2845. However, an alternative scenario implies that the asset […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.0886, EURUSD is correcting towards 1.0963. Later, the market may form a new descending structure to reach 1.0793 and then resume growing with the target at 1.1040. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still consolidating below 1.3113. Possibly, today the […]
EURUSD has been correcting and moving away from the local lows for the second consecutive trading session. The major currency pair continues recovering after plunging earlier this week. The current quote for the instrument is 1.0969. A plunge in EURUSD was the result of investors’ demand for “safe haven” assets, the situation which is very […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF is trading at 0.9284; 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 0.9255 and then resume moving upwards to reach 0.9370. Another signal in favour of a further uptrend will be […]
The BTC is actively rising on Wednesday; it is trading at $41,780 and has added 8% over the last 24 hours. The BTC capitalisation is recovering, it is now $789 billion. So, the risks of dropping to $34,000 are not so high and it’s good news. One should continue monitoring the support area at $33,500. […]
USDJPY is keeping its positive momentum and not going to stop yet. The Japanese Yen continues “losing weight” against the USD. The current quote for the instrument is 115.82. The revised Japanese GDP in the fourth quarter of 2021 was an unpleasant surprise: the country’s economy added only 4.6% q/q against the preliminary reading of […]
