Tag: Roboforex
EURUSD continues falling and has already updated the lows of May 2020. The major currency pair continues plummeting. The current quote for the instrument is 1.0871. The demand for the USD as a “safe haven” asset in the currency market remains high. Moreover, the statistics published last Friday gave the “greenback” a significant boost. For […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 7/8 and then continue moving upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks the support at 6/8 […]
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 level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the upside target may be at 1.1100. However, an alternative scenario implies that […]
Over the last 24 hours, the BTC rate lost almost 5%. On Friday, it is moving at $41,425; investors have been selling the asset for the third consecutive session. One of the reasons for that might be a close correlation between Bitcoin and the US stock market, the NASDAQ index in particular. Another possible reason […]
EURUSD updated its lows of 2020 and may fall deeper. The major currency pair continues weakening on Friday. The current quote for the instrument is 1.1023. Demand for the USD can be explained by a global risk aversion. Yesterday was the second day the Fed Chairman Jerome Powell spoke to Congress. This time, he said […]
XAGUSD, “Silver vs US Dollar” XAGUSD is trading at 25.10; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 24.65 and then resume moving upwards to reach 26.95. Another signal in favour of a further uptrend will be […]
EURUSD, “Euro vs US Dollar” After breaking 1.1080, EURUSD has finished the descending wave at 1.1015. Possibly, the pair may correct to reach 1.1090 and then resume trading downwards with the target at 1.1006. Later, the market may resume trading upwards to reach 1.1500. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD is reversing and may form a new ascending impulse. In this case, the upside target may be the resistance area at 1.2700. However, an alternative scenario implies that the […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1100; 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 1.1195 and then resume moving downwards to reach 1.0885. Another signal in favour of a further downtrend will be a […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to rebound from 7/8 and then resume falling to reach the support at 5/8. However, this scenario may be cancelled […]