Tag: Roboforex
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 […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man 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 1.2795. However, an alternative scenario implies that the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2615 and then resume moving downwards to reach 1.2265 Another signal in favour of a further […]
EURUSD hit another bottom – and it didn’t surprise anybody. The major currency pair reached new lows – the last time the asset was moving there was in March 2017. The current quote for the instrument is 1.0541. The USD rally doesn’t stop. The nearer the date of the Fed’s May meeting and the GDP […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading within the “overbought area”. In this case, the price is expected to test +1/8, rebound from it, and then resume falling to reach the support at 8/8. However, this scenario may no longer be valid if the price breaks the resistance at […]