Tag: Roboforex

EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the broken resistance area at 1.0920; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0965 and then resume moving downwards to reach 1.0735. Another signal in favour of a […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Doji reversal pattern close to the resistance level, USDCAD is reversing in the form a new descending impulse. In this case, the downside target may be at 1.2460. However, an alternative scenario implies that the asset may correct […]

GBPUSD remains inside the downtrend and is slowly approaching the lows.  The pound sterling slowed down its decline against the USD but is still looking rather weak. The current quote for the instrument is 1.3075. The British currency is still suffering from the USD’s attack. Another negative factor is market expectations of what might happen […]

EURUSD continues falling; the “greenback” is too strong. The major currency pair remains weak on Thursday. The current quote for the instrument is 1.0896. According to the FOMC Meeting Minutes released yesterday, the regulator is ready to cut its portfolio by $95 billion every month, $35 billion of which are mortgage-backed securities and $60 billion […]

USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is heading towards 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 no longer be valid if the price breaks the resistance at […]

EURUSD weakened pretty much on Tuesday and remains under bearish pressure on Wednesday.  The major currency remains weak in the middle of the week. The current quote for the instrument is 1.0911. Demand for the “greenback” skyrocketed after some harsh comments from American monetary policymakers. For example, Lael Brainard, the vice-chair of the Federal Reserve, […]

The cryptocurrency expectedly responded to the US stock market decline. Yesterday, American policymakers spoke and said that the US Fed’s portfolio would be cut much faster than in the past, as well as announced a possibility of a 50-point rate hike during its meeting on 3-4 May. This news made investors sell assets and indices […]

EURUSD, “Euro vs US Dollar” EURUSD continues forming the descending wave and may soon reach at 1.0860. After that, the instrument may correct towards 1.0945 and then start another decline with the target at 1.0806. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at 1.3079, GBPUSD is forming a new consolidation […]

EURGBP, “Euro vs Great Britain Pound” EURGBP is rebounding from the support area at 0.8334; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.8415 and then resume moving downwards to reach 0.8205. Another signal in favour of […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer pattern not far from the support area. At the moment, the asset is reversing in the form of a further uptrend. In this case, the upside target may be the resistance level at 1970.00. At the same […]