Tag: Roboforex

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD has completed the first correctional wave to the upside after testing 23.6% fibo. The current decline may be heading to break the low at 0.6967 and then continue down to 50.0% fibo at 0.6758. However, as long as the price […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming an Inverted Hammer 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 1.2740. However, an alternative scenario implies that […]

EURCAD, “Euro vs Canadian Dollar” EURCAD is trading at 1.4477; 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 1.4445 and then resume moving upwards to reach 1.4740. Another signal in favour of a further uptrend will be […]

USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after rebounding from the 200-day Moving Average, USDCHF is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to test 8/8, break it, and continue growing to reach the resistance at +1/8. However, this scenario may be cancelled […]

Brent As we can see in the H4 chart, divergence on MACD made the asset start a new correctional downtrend after testing the post-correctional extension area between 138.2% and 161.8% fibo at 94.53 and 99.41 respectively. After the correction is over, the price may break the local high at 94.73 and continue moving within the […]

EURUSD, “Euro vs US Dollar” Having completed the first descending wave at 1.1396 along with the correction towards 1.1446, EURUSD has finished another descending impulse to reach 1.1414; right now, it is correcting towards 1.1429 and may later resume falling to break 1.1382. After that, the instrument may continue trading downwards with the short-term target […]

USDJPY has been rising for the third consecutive trading session; investors don’t need “safe haven” assets.  The Japanese Yen continues falling against the USD. The current quote for the instrument is 115.77. Today’s statistics showed that the PPI in Japan was 8.6% y/y in January, a bit worse than in December, but better than the […]

EURUSD continues consolidating in anticipation of the US inflation data.  The major currency pair is consolidating on Thursday. The current quote for the instrument is 1.1443. As a matter of fact, there is nothing going on right now around EURUSD. Investors are focused on the US inflation report for January to be published in the […]

USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating a possible ascending tendency; right now, the asset is rebounding from the resistance at 8/8. In this case, the price is expected to correct down to the support at 6/8. However, […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Stick Sandwich reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its rising impulse. In this case, the upside target remains the resistance area at 1840.00. At the same time, an opposite scenario […]