Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming reversal patterns, such as Hammer, close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be at 1.2950. However, an alternative scenario implies that the asset may […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.0540 and breaking it to the upside, EURUSD is expected to continue the correction up to 1.0719. Later, the market may resume falling to break 1.0460 and then continue trading downwards with the target at 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to break 2/8 and then continue falling to reach the support at 1/8. However, this scenario may no longer be valid […]
EURUSD is keeping its positive momentum but experiencing slight corrections now and then. The major currency pair continues moving upwards. The current quote for the instrument is 1.0711. There were no important macroeconomic statistics early this week and investors were mostly focused on technical aspects. In the pause between two important meetings of the US […]
AUDUSD is declining in response to disappointing statistics. The Australian Dollar stopped rising against the USD on Tuesday; right now, the Aussie is retreating. The current quote for the instrument is 0.7102. The preliminary statistics published in the morning showed that the Manufacturing PMI in Australia dropped to 55.3 points in May after being 68.8 […]
EURUSD, “Euro vs US Dollar” EURUSD is moving within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.0615 and then resume moving upwards to reach 1.0825. Another signal in favour of a further uptrend will be […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Engulfing reversal pattern not far from the resistance area. At the moment, the asset is reversing in the form of a new correctional impulse. In this case, the downside correctional target may be the support level at 1840.50. […]
EURUSD, “Euro vs US Dollar” EURUSD is consolidating around 1.0566. Possibly, today the pair may expand the range up to 1.0610 and then resume falling to break 1.0530. Later, the market may continue trading downwards with the target at 1.0303. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the ascending structure at 1.2550, GBPUSD […]
EURUSD, “Euro vs US Dollar” As we can see 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 test 2/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario may no longer […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0675. However, an alternative scenario implies […]