Tag: Roboforex
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.0886, EURUSD is correcting towards 1.0963. Later, the market may form a new descending structure to reach 1.0793 and then resume growing with the target at 1.1040. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still consolidating below 1.3113. Possibly, today the […]
EURUSD has been correcting and moving away from the local lows for the second consecutive trading session. The major currency pair continues recovering after plunging earlier this week. The current quote for the instrument is 1.0969. A plunge in EURUSD was the result of investors’ demand for “safe haven” assets, the situation which is very […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF is trading at 0.9284; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.9255 and then resume moving upwards to reach 0.9370. Another signal in favour of a further uptrend will be […]
The BTC is actively rising on Wednesday; it is trading at $41,780 and has added 8% over the last 24 hours. The BTC capitalisation is recovering, it is now $789 billion. So, the risks of dropping to $34,000 are not so high and it’s good news. One should continue monitoring the support area at $33,500. […]
USDJPY is keeping its positive momentum and not going to stop yet. The Japanese Yen continues “losing weight” against the USD. The current quote for the instrument is 115.82. The revised Japanese GDP in the fourth quarter of 2021 was an unpleasant surprise: the country’s economy added only 4.6% q/q against the preliminary reading of […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to continue falling to reach the support at 0/8. Still, this scenario may no longer be valid if the price breaks 2/8 to the upside. […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Shooting Star pattern not far from the resistance level. At the moment, the asset is reversing in the form a new descending impulse. In this case, the downside correctional target may be the support area at 1955.50. At […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.0875; 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 1.0955 and then resume moving downwards to reach 1.0605. Another signal in favour of a further downtrend will be a […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range above 1.0886 and breaking it downwards, EURUSD has reached 1.0830; right now, it is growing to return to 1.0886. Possibly, the pair may break the latter level upwards and then continue growing with the target at 1.0939. GBPUSD, “Great Britain Pound vs US Dollar” […]
BTC remains under pressure but there is no panic or extra emotions. The connection might be the following: after the US published solid February data on its labour market, investors decided that the American economy was so strong that it might easily “survive” several rate hikes. However, one should pay attention to a small detail: […]