Tag: Roboforex
The BTC is having tough times right now. On Wednesday, the major cryptocurrency is trading at $38,945 and trying to recover after plummeting the day before. Despite the local correction, bears are still dominating. The technical picture tells us to continue monitoring $37,000 – bears will concentrate all forces on breaking it. The chances for […]
EURUSD continues falling and reaching new lows. The major currency pair hit another bottom. The current quote for the instrument is 1.0619. The Durable Goods Orders report from the US was below expectations but still quite positive – the indicator added 0.8% mm in March against the expected reading of 1.0% m/m. In February, it […]
EURUSD, “Euro vs US Dollar” In the monthly chart, EURUSD is testing the descending channel’s downside border; after updating last March’s low, the asset has broken the downside border of a Triangle pattern and may later return to the pattern’s broken border at 1.0845. The instrument is currently moving below Ichimoku Cloud, thus indicating a […]
AUDUSD took a break from falling; investors are analysing the inflation data. The Australian Dollar stopped falling against the USD. The current quote for the instrument is 0.7159. The CPI in Australia gained 2.1% q/q in the first quarter of 2022 after adding 1.3% q/q the quarter before and against the expected reading of 1.7% […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0700, EURUSD is consolidating above this level. Possibly, the pair may expand the range down to 1.0677. After that, the instrument may start a new correction with the target at 1.0822. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the descending wave at […]
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 2/8, break it, and then continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the […]
EURUSD hit another bottom and remains extremely weak. The major currency pair reached new lows yesterday. The current quote for the instrument is 1.0707. The market is currently against the Euro due to the difference in interest rates and monetary strategies of the US Fed and the ECB. However, there is a nuance – investors […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new correctional impulse. In this case, the upside correctional target may be at 1.0785. However, an alternative scenario […]
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. […]