Tag: Roboforex
The major currency pair is looking weak on Friday. The current quote for the instrument is 1.0530. During his second day of reporting in US Congress, the US ed Chairman Jerome Powell described the American labour market as strong and admitted that it might remain strong if inflation was kept under control. The regulator has […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.3095. Later, the market may break this level […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading inside the “oversold area”. In this case, the pair is expected to test -1/8, break it, and then continue growing to reach the resistance at 0/8. However, this scenario may be cancelled if the price breaks the support […]
GBPUSD is falling – railway workers and teachers are on strike. The Pound sterling is back to falling against the USD. The current quote for the instrument is 1.2203. The statistics published yesterday showed that the Consumer Price Index in the United Kingdom was 9.1% y/y in May, the same as expected, after being 9.0% […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.0520 and then expanding it up to 1.0600, EURUSD is expected to form one more ascending structure towards 1.0619. Later, the market may trade downwards to break 1.0500 and then continue falling with the target at 1.0390. GBPUSD, “Great Britain Pound vs US […]
EURUSD is back to growing after Powell calmed investors down. The major currency pair is slowly improving on Thursday. The current quote for the instrument is 1.0495. The US Fed Chairman Jerome Powell had to be as diplomatic and flexible as possible to convince market players and policymakers that the regulator was keeping all risks […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new rising impulse. In this case, the upside target may be the resistance level at 1844.50. At […]
USDJPY updated its 24-year highs and may continue rising. The Japanese Yen hit a new 24-year low against the USD. The current quote for the instrument is 136.25. The high in USDJPY is now at 136.71, and it seems like the sky is the limit. The reasons for the Yen depreciation are the same. First, […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is approaching the “Overbought area”. In this case, the price is expected to test the resistance at 8/8, rebound from it, and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if […]
The BTC just can’t break through sales. On Wednesday, the major cryptocurrency is falling towards $20,137 – the asset doesn’t look inspiring at all. Yesterday, while the US indices were rising, the BTC price was trying to reach $21,723. It is a common fact that there is a correlation between S&P 500/NASDAQ and the BTC. […]