Tag: Roboforex
EURUSD, “Euro vs US Dollar” After finishing another descending structure at 1.1263, EURUSD is growing towards 1.1315, thus forming a new consolidation range around the latter level. If later the market breaks the range to the upside, the price may form one more ascending structure towards 1.1400; if to the downside – start a new […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1303; 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 1.1315 and then resume moving downwards to reach 1.1195. Another signal in favour of a further downtrend will be a […]
EURUSD is saving strengths in anticipation of the Fed’s decisions. The major currency pair is waiting for the American regulator to go through its meeting. The current quote for the instrument is 1.1281. So, the zero hour has come. The 2-day Fed meeting will be over today and everyone is expecting as much information as […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, the previous decline has been replaced by a slight growth, which may start a new rising wave. If it happens, the upside targets may be 61.8% and 76.0% fibo at 1.3834 and 1.3987 respectively. However, an alternative scenario implies a […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Shooting Star, close to the resistance level, USDCAD is reversing and may form a new descending impulse. In this case, the downside target may be the support area at 1.2540. However, an alternative scenario implies […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3474; 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 1.3505 and then resume moving downwards to reach 1.3355. Another signal in favour of a further downtrend will […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible 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 […]
AUDUSD continues falling; the statistics were disappointing. The Australian Dollar is falling against the USD on Tuesday. The current quote for the instrument is 0.7148. The Australian CPI showed 1.3% q/q in the fourth quarter after being 0.8% q/q the quarter before and against the expected reading of 0.1% q/q. On YoY, the indicator skyrocketed […]
EURUSD is sliding down; investors are waiting for the Fed meeting and its decisions. The major currency pair remains under pressure on Tuesday. The current quote for the instrument is 1.1288. The statistics published by the Euro Area yesterday were rather mixed. The Services PMI dropped to 51.2 points in January after being 53.1 points […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after growing and reaching 50.0% fibo, the asset is trading to the downside. This movement may be considered another descending impulse within the downtrend; its closest target is the low at 1.1186, a breakout of which may lead to a further decline […]
