Tag: Roboforex
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 the descending impulse. In this case, the downside target may be at 1.2495. However, an alternative scenario implies that the asset may […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF is rebounding from Tenkan-Sen and Kijun-Sen at 0.9422; the instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9465 and then resume moving upwards to reach 0.9580. Another signal in favour […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading within the “overbought area”. In this case, the price is expected to break +1/8 and continue falling to reach the support at 8/8. However, this scenario may no longer be valid if the price breaks the resistance at […]
The BTC is sort of reviving: the major cryptocurrency has been slowly recovering for a couple of trading sessions and trying to fix above significant resistance levels. On Wednesday afternoon, the BTC is trading at $41,438. Technically, the asset must fix above $42,300 to confirm a reversal to the upside – two days ago it […]
EURUSD, “Euro vs US Dollar” EURUSD has finished the correction at 1.0820 and may later start a new decline with the target at 1.0750 or even extend this structure down to 1.0730. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the correctional structure at 1.3034, GBPUSD is expected to resume falling towards 1.2948 or […]
GBPUSD remains under pressure; the Pound sterling is taking any opportunity to reach stability. The British Pound is taking severe damage from the USD attack and is using every single opportunity to recover. The current quote for the instrument is 1.3023. The lack of any important macroeconomic data from the United Kingdom makes the “greenback” […]
EURUSD managed to recover a little bit after plummeting last week. The major currency pair reached stability after plunging earlier. The current quote for the instrument is 1.0809. Last week’s low was 1.0756. The currency market remained calm yesterday after the Easter holidays and investors were slowly getting back to their normal style of life […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this scenario may no longer be valid if the […]
EURUSD, “Euro vs US Dollar” EURUSD continues falling towards 1.0749 and may later start a new correction to reach 1.0835. After that, the instrument may resume trading downwards with the target at 1.0730 or even extend this structure down to 1.0700. GBPUSD, “Great Britain Pound vs US Dollar” Having formed a new consolidation range around […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Long-Legged Doji reversal pattern not far from the resistance area. At the moment, the asset is reversing in the form of another correctional impulse. In this case, the downside correctional target may be the support level at 1965.00. […]