Tag: Roboforex
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 continue falling to reach the support at 0/8. Still, this scenario may no longer be valid if the price breaks 2/8 to the upside. […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Shooting Star pattern not far from the resistance level. At the moment, the asset is reversing in the form a new descending impulse. In this case, the downside correctional target may be the support area at 1955.50. At […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.0875; 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 1.0955 and then resume moving downwards to reach 1.0605. Another signal in favour of a further downtrend will be a […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range above 1.0886 and breaking it downwards, EURUSD has reached 1.0830; right now, it is growing to return to 1.0886. Possibly, the pair may break the latter level upwards and then continue growing with the target at 1.0939. GBPUSD, “Great Britain Pound vs US Dollar” […]
BTC remains under pressure but there is no panic or extra emotions. The connection might be the following: after the US published solid February data on its labour market, investors decided that the American economy was so strong that it might easily “survive” several rate hikes. However, one should pay attention to a small detail: […]
EURUSD continues falling and has already updated the lows of May 2020. The major currency pair continues plummeting. The current quote for the instrument is 1.0871. The demand for the USD as a “safe haven” asset in the currency market remains high. Moreover, the statistics published last Friday gave the “greenback” a significant boost. For […]
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 7/8 and then continue moving upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks the support at 6/8 […]
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 target may be at 1.1100. However, an alternative scenario implies that […]
Over the last 24 hours, the BTC rate lost almost 5%. On Friday, it is moving at $41,425; investors have been selling the asset for the third consecutive session. One of the reasons for that might be a close correlation between Bitcoin and the US stock market, the NASDAQ index in particular. Another possible reason […]
EURUSD updated its lows of 2020 and may fall deeper. The major currency pair continues weakening on Friday. The current quote for the instrument is 1.1023. Demand for the USD can be explained by a global risk aversion. Yesterday was the second day the Fed Chairman Jerome Powell spoke to Congress. This time, he said […]
