Tag: Roboforex
EURUSD is falling on Wednesday morning but keeps on trying to consolidate. The major currency pair is declining despite the market’s attempts to reach stability. The current quote for the instrument is 1.0692. The key trigger that supports the “greenback” is the rally in US bond yield growth. Also, investors are very cautious about possible […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Engulfing reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0840. However, an alternative scenario implies […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is rebounding from Tenkan-Sen and Kijun-Sen. 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 border at 1.2595 and then resume moving downwards to reach 1.2275. Another signal in favour of a […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the descending wave at 1.0675 and may later correct up to 1.0710. After that, the instrument may resume falling to break 1.0640 and then continue moving within the downtrend with the target at 1.0585. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded from 1.2560, GBPUSD is […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 3/8 and then continue growing to reach the resistance at 4/8. However, this scenario may no longer be valid […]
The Aussie’s first response to the RBA’s decision was a plunge, but then the asset reached stability. The Australian Dollar is looking neutral against the USD on Tuesday. The current quote for the instrument is 0.7188. The Reserve Bank of Australia had another meeting today, which didn’t go as expected. The benchmark interest rate increased […]
USDJPY updated its 20-year highs. The Japanese Yen dropped to its 20-year lows against the USD on Tuesday. The current quote for the instrument is 132.94, the lowest since April 2002. The key trigger for this decline was US bond yield growth, which supported the “greenback” – it added 3.04%, the biggest gain in three […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY has fixed above the bullish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 132.05 and then resume moving upwards to reach 134.45. Another signal in favour of […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, such as Engulfing, close to the support level, USDCAD is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.2670. However, an alternative scenario implies that the asset […]
EURUSD, “Euro vs US Dollar” EURUSD is forming a new descending wave towards 1.0674 and may later correct up to 1.0720. After that, the instrument may resume falling to break 1.0627 and then continue moving within the downtrend with the target at 1.0585. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is forming a new […]