Tag: Roboforex
EURUSD, “Euro vs US Dollar” Having rebounded from 1.0920, EURUSD continues falling towards 1.0730 and may later start a new growth with the target at 1.0822. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from 1.3141; right now, it is still falling towards 1.3029 and may later grow to reach 1.3088. Later, the […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to break 2/8 and continue moving upwards to reach the resistance at 3/8. However, this scenario may no longer be valid if the asset breaks 1/8 to the downside. […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the support area at 1.0805; it managed to test the March low but not break it. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0845 and then […]
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 1.2510. However, an alternative scenario implies that the asset may correct […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Hanging Man, 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 […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to break 5/8 and then continue growing to reach the resistance at 6/8. However, this scenario may be cancelled if […]
AUDUSD is stuck inside a narrow sideways range and waiting for new catalysts. The Australian Dollar is barely moving against the USD. The current quote for the instrument is 0.7443. The “greenback” weakened a bit and the other traded currencies got a chance to rebound. However, the Aussie didn’t take advantage of the situation. The […]
After updating this month’s lows, EURUSD quickly corrected. The major currency pair reached some stability. The current quote for the instrument is 1.0914. The “greenback” weakened yesterday: the US 10-year bond yield dropped, and market sentiment improved. Investors got interested in risky assets again and their demand for the USD declined. Today’s going to be […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0808, EURUSD is correcting towards 1.0929 and may later start a new decline with the target at 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the descending wave at 1.2975; right now, it is correcting towards 1.3142. Later, the market may […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still growing within the bullish impulse at 1.3142. The bears’ second attempt to break the support area at 1.2965 failed, that’s why the daily chart has the potential for the formation of a Double Bottom reversal pattern. To complete the pattern, bulls have to fix above […]