Tag: Roboforex
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 […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer 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 1.0810. However, an alternative scenario […]
EURUSD, “Euro vs US Dollar” After finishing the descending impulse at 1.0643 along with the correction up to 1.0705, EURUSD is forming a new descending structure to break 1.0640 and may later continue trading downwards with the short-term target at 1.0575. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has formed a new consolidation range […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.7005 and then resume moving upwards to reach 0.7290. Another signal in favour of a […]
EURUSD has been falling for the second trading session in a row; investors are focused on the news. The major currency pair is still correcting on Thursday. the current quote for the instrument is 1.0690. Yesterday, market players were totally focused on the FOMC Meeting Minutes. The document said that it would be necessary to […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, after breaking the 200-day Moving Average, USDJPY is trading below it to indicate a possible descending tendency. In this case, the price is expected to break 1/8 and then continue falling to reach the support at 0/8. However, this scenario may no longer be valid […]
After several trading sessions of growth, EURUSD is taking a break on Wednesday. However, the momentum may yet continue in the future. The major currency pair is slightly correcting on Wednesday. The current quote for the instrument is 1.0699. The statistics published by the US yesterday were an unpleasant surprise. The New Home Sales showed […]