Tag: Roboforex
GBPUSD is successfully moving away from its lows. The Pound sterling continues recovering against the USD on Tuesday. The current quote for the instrument is 1.2458. A short pause in the USD rally allows other traded currencies to reach stability or even recover a little bit. However, nothing really changes strategically. Earlier today, the United […]
EURUSD is slowly moving away from the lows. However, the asset is still rather weak. The major currency pair managed to move away from the lows on Tuesday. The current quote for the instrument is 1.0477. The European Commission worsened the Euro Area GDP expectations for 2022. The updated forecast implies 2.7% q/q against the […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support level, USDCAD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.2930. However, an alternative scenario implies that the asset may […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.0412, EURUSD has broken it to the upside. Today, the pair may correct with the target at 1.0474. Later, the market may then start a new decline towards 1.0300 or even extend this structure down to 1.0200. GBPUSD, “Great Britain Pound vs US […]
The story of the BTC is developing in not the best way. However, the correctional bounce that we could see from Friday to Sunday gave some hope for acquiring balance. Today the leading cryptocurrency is near $29,706, while the low of May is set at $25,401. So, the BTC has returned to the important level […]
USDJPY moved away from its multi-month highs but the “greenback” has an ace in the hole. Early in another week of May, the Japanese Yen reached stability against the USD. The current quote for the instrument is 129.34. The statistics published in the morning showed that the Producer Price Index in Japan leaped up 10.0% […]
EURUSD, “Euro vs US Dollar” EURUSD is testing 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 Kijun-Sen at 1.0445 and then resume moving downwards to reach 1.0115. Another signal in favour of a further downtrend will be a […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Inverted Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of another ascending impulse. In this case, the upside target may be the resistance level at 1830.50. At […]
EURUSD, “Euro vs US Dollar” After forming a narrow consolidation range around 1.0390, EURUSD has broken it to the downside; right now, it is still falling with the target at 1.0275. Later, the market may correct to correct towards 1.0400 and then start a new decline towards 1.0243 or even extend this structure don to […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0444 and then forming a new consolidation range around this level, EURUSD has broken it to the downside; right now, it is still falling with the target at 1.0290. Later, the market may correct to return to 1.0444 and then form a new descending […]