Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami 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 1.2425. However, an alternative scenario implies that the asset may correct […]
EURUSD, “Euro vs US Dollar” Having finished the ascending impulse at 1.1040 and then formed a new consolidation range around this level, EURUSD has broken it to the upside to reach 1.1133. Today, the pair may start a new correction to return to 1.1040 and then resume trading upwards with the target at 1.1144. GBPUSD, […]
After several trading sessions of growth, AUDUSD took a break. The Australian Dollar is consolidating against the USD. The current quote for the instrument is 0.7481. Market players are focused on geopolitical tensions and energy prices growth, that’s why their responses to the statistics are rather restrained. Earlier today, Australia reported on the Retail Sales […]
The uptrend in USDJPY continues, market players are interested in buying. The Japanese Yen is falling against the USD and updating its 7-year lows. The current quote for the instrument is 123.75. Demand for the “greenback” as a “safe haven” asset remains quite high, forcing the Yen to fall. In addition to that, there is […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3095; 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 1.3120 and then resume moving downwards to reach 1.2920. Another signal in favour of a further downtrend will […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Harami pattern not far from the support area. At the moment, the asset is reversing in the form a new ascending impulse. In this case, the upside target may be the resistance level at 1970.00. At the same […]
EURUSD, “Euro vs US Dollar” EURUSD is forming a wide consolidation range around 1.0970. Possibly, today the pair may start a new decline towards 1.0966 and then grow to reach 1.1001. After that, the instrument may resume trading downwards with the target at 1.0937. GBPUSD, “Great Britain Pound vs US Dollar” After completing the descending […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to test 7/8, break it, and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.0960; 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 1.1020 and then resume moving downwards to reach 1.0755. Another signal in favour of a further downtrend will be […]
EURUSD, “Euro vs US Dollar” Having completed another descending wave at 1.0960, EURUSD is consolidating near the lows. Possibly, today the pair may extend the descending wave to 1.0940 and then start a new growth with the target at 1.1000. GBPUSD, “Great Britain Pound vs US Dollar” After breaking 1.3176 to the downside, GBPUSD is […]