Tag: Roboforex
EURUSD, “Euro vs US Dollar” After completing the ascending impulse at 1.1359, EURUSD is correcting towards 1.1330, thus forming a new consolidation range between these two levels. If later the market breaks the range to the upside, the price may form one more ascending structure towards 1.1400 or even reach the target at 1.1427; if […]
BRENT In the H4 chart, after breaking 8/8, Brent is no longer trading within the “overbought area”. In this case, the price is expected to continue correcting downwards to reach the support at 7/8. However, this scenario may no longer be valid if the asset breaks 8/8 to the upside. After that, the instrument may […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support level. At the moment, EURUSD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.1390. However, an alternative scenario implies that […]
EURUSD, “Euro vs US Dollar” After completing the ascending impulse at 1.1334, EURUSD is expected to correct towards 1.1316, thus forming a new consolidation range between these two levels. Later, the market may break the range to the upside and form one more ascending structure towards 1.1360 or even reach the target at 1.1435. GBPUSD, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3585; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3620 and then resume moving downwards to reach 1.3390. Another signal in favour of a further downtrend […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, the asset is moving to the downside after finishing the correctional uptrend at 50.0% fibo and divergence on MACD. One can expect another rising impulse towards 61.8% and 76.0% fibo at 0.7340 and 0.7420 but the main scenario implies a further […]
EURUSD got under local pressure; investors need “safe haven” assets. The major currency pair remains under pressure on Friday. The current quote for the instrument is 1.1329. The statistics from the US are rather controversial and raise a lot of questions but market players seem to have stopped paying attention to it. The “greenback” […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. However, this scenario may be […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, the asset continues moving sideways. After forming several reversal patterns, including Hammer, close to the support level, USDCAD is reversing and may form a new correctional impulse. In this case, the upside target may be the resistance area at 1.2555. However, […]
EURUSD, “Euro vs US Dollar” After completing the ascending wave at 1.1364, EURUSD is expected to correct towards 1.1333. Later, the market may form one more ascending structure to break 1.1364 and then continue trading upwards with the target at 1.1444. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the ascending wave at 1.3648, […]
