Tag: Roboforex
On Wednesday, the BTC is balancing at $38,800. Everyone is waiting. The US Fed’s 2-day meeting will be over later today and the regulator is expected to raise the rate. 100%. The question is – by how much? Average market expectations imply a 50-point hike, yup to 0.75-1.00%. this has already been included in prices, […]
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 correctional impulse. In this case, the upside correctional target may be at 1.0575. However, an alternative scenario […]
BRENT In the H4 chart, after breaking the 200-day Moving Average, Brent is trading above at above it to indicate a possible ascending tendency. In this case, the price is expected to test 2/8, break it, and then continue moving upwards to reach the resistance at 3/8. However, this scenario may no longer be valid […]
The BTC has been successfully recovering for a couple of days but bears struck back. The major cryptocurrency is mostly trading at $39,573. The key intrigue is the US Fed’s May meeting. Market expectations imply a 50-point rate hike and they are already included in prices. However, after yesterday’s GDP Q1 2022 report, which showed […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0470 and forming a new consolidation range around 1.0515, EURUSD is expected to break it to the downside and reach 1.0466. Later, the market may start a new correction towards 1.0600 and then resume trading downwards with the target at 1.0515. GBPUSD, “Great Britain […]
EURUSD, “Euro vs US Dollar” EURUSD has fixed above Tenkan-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 1.0645 and then resume moving downwards to reach 1.0255. Another signal in favour of a further downtrend will be a rebound […]
EURUSD reached a new bottom and is trying t reach stability. The major currency pair remains under bearish pressure. the current quote for the instrument is 1.0545. Yesterday, the US released the GDP Q1 2022 report. The first estimate showed that the country’s economy dropped 1.4% q/q after gaining 6.9% q/q in the previous quarter […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0600 and forming a new consolidation range above this level, EURUSD has broken it to the downside; right now, it is falling towards 1.0506. After that, the instrument may start a new correction to return to 1.0600 and then resume trading downwards with the […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is approaching the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then resume falling to reach the support at 6/8. However, this scenario may be cancelled if the price breaks the resistance […]
USDJPY skyrocketed to its 20-year highs again after the BoJ’s meeting. The Japanese Yen hit new bottom against the USD. The current quote for the instrument is 130.59. The Bank of Japan has another meeting on Thursday and kept the basic parameters of its monetary policy intact. The benchmark interest rate remained at -0.1%, just […]