Tag: Roboforex
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD 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 Kijun-Sen at 0.6665 and then resume moving downwards to reach 0.6450. Another signal in favour of a further downtrend will […]
USDJPY is slowly moving away from the multi-year highs. The Japanese Yen is trying to reach stability against the USD after plummeting to its 20-year lows. The current quote for the instrument is 127.85. The Yen devaluation attracted a lot of attention and it seems like market players finally decided that it was too much. […]
EURUSD, “Euro vs US Dollar” After rebounding from 1.0840 and finishing the descending wave at 1.0774, EURUSD has completed the correction towards 1.0810; right now, it is falling to reach 1.0735. After that, the instrument may correct to return to 1.0773 and then start a new decline with the target at 1.0700. GBPUSD, “Great Britain […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to continue falling to reach the support at -1/8. Still, this scenario may no longer be valid if the price breaks the resistance at 1/8 […]
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, […]