Tag: Roboforex
The BTC is declining, and this is no surprise. No miracle has happened: on Monday, the leading cryptocurrency is trading at $38,317. This makes relevant our previous scenario of a decline to $37,000, with the bears capturing the initiative. Let us limit ourselves to this area for now because there are no scenarios of a […]
EURUSD continues plummeting without a pause. The major currency pair remains under bearish pressure. The current quote for the instrument is 1.0747. Market players barely paid attention to Emmanuel Macron’s win in the presidential elections. Apparently, the results were foregone, so the choice of French people didn’t matter for the Euro. The major currency […]
EURUSD, “Euro vs US Dollar” In the monthly chart, EURUSD is breaking the support area; it is fixing below the downside borer of a Triangle pattern and may force a pattern materialisation with the target at 0.8800. However, bears still have two important support levels, at 1.0635 and 1.0300 respectively. The instrument is currently moving […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance level, USDCAD is reversing in the form of a new correctional impulse. In this case, the downside correctional target may be at 1.2690. However, an alternative scenario implies that the […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of another rising impulse. In this case, the upside target may be the resistance level at 1995.00. At the […]
BRENT In the H4 chart, Brent is trading above at 200-day Moving Average to indicate a possible sideways tendency. Yesterday bears attempted to break 1/8 but failed – bulls were stronger, so the price is currently moving above this level. In this case, the price is expected to test the resistance at 2/8, break it, […]
Not too much good news from the BTC. On Friday, the major cryptocurrency is trading at $40,492 and remains under pressure for the third consecutive trading session. Negative vibes are coming from the stock markets – yesterday American investors were selling and the overall situation was rather sad. The US Fed is ready to boost […]
GBPUSD updated the lows after the UK released Retail Sales statistics. The Pound sterling dropped against the USD on Friday. The current quote for the instrument is 1.2908. The new bottom, 1.2898. is the lowest since 3 November 2020. The key trigger for this was the Retail Sales Report published by the United Kingdom earlier. […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is testing the descending channel’s upside border. After plunging earlier, the asset quickly recovered due to significant pressure from bulls. If they fix the price above 1.2670, the asset may continue growing towards the key resistance at 1.2900, which they had been trying to break for much of […]
EURUSD, “Euro vs US Dollar” EURUSD has rebounded from 1.0930; right now, it is falling towards 1.0801. After that, the instrument may correct to reach 1.0866 and then start a new decline with the target at 1.0686. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded from 1.3086, GBPUSD is trading downwards to reach 1/2950. […]