Tag: Roboforex
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.0700, EURUSD is expanding it up to 1.0761 and may later fall to return to 1.0700. If the price breaks this range to the upside, the market may continue the correction up to 1.0820; if to the downside – resume moving within the […]
The BTC has been growing for three days in a row. On Monday, the leading cryptocurrency is rising to $30,550, which is quite a decent result. However, in the medium run, the crypto still looks complicated and dubious. Over past week, the BTC lost 4.10%, the price secured in a channel between $28,500-$30,500. The support […]
EURUSD is keeping its positive momentum. Early in the week, the major currency pair is still rising. The current quote for the instrument is 1.0755. Last Friday’s data from the US showed that the Personal Income in April gained less than expected, 0.4% m/m, after adding 0.5% m/m in March. Personal Spending, in turn, expanded […]
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 1885.50. At […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue moving upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the asset breaks the […]
After a 2-day break, EURUSD resumed its growth. The major currency pair is back to growing on Friday. The current quote for the instrument is 1.0746. Demand for the USD is not rather low right now. First of all, the global risk attitude is quite high. Secondly, the US Fed confirms its strategy to tighten […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range below 1.0730 and breaking it to the upside, EURUSD is expected to continue moving upwards and reach 1.0820. Later, the market may form a new descending structure with the target at 1.0640. GBPUSD, “Great Britain Pound vs US Dollar” Having formed a new consolidation […]
The BTC continues its slow decline. On Friday, the major cryptocurrency is consolidating at $28,872 and that’s not good. First of all, the asset has broken the area between $29,000-$30,000, which means that bears may continue pushing it down to $20,000. The closest support is at $28,650, and if bears break it, they may test […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is rebounding from the bearish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside at 1.2815 and then resume moving downwards to reach 1.2585. Another signal in favour of […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it to indicate a possible descending tendency. In this case, the pair is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. However, this […]