Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1366; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1380 and then resume moving downwards to reach 1.1180. Another signal in favour of a further downtrend will be […]
The crypto market is gloomy, or at least its largest part is. The leading cryptocurrency — BTC — is being dragged down by the generally tough situation. The BTC is known to have a strong correlation with the NASDAQ index. The US stock market is selling and avoiding risks, equally reacting to geopolitical problems and […]
EURUSD is consolidating at the beginning of a new week. The major currency pair is looking neutral on Monday. The current quote for the instrument is 1.1357. Market players are obviously saving their strengths while watching the global market – politicians are making too many moves. It means that the demand for “safe haven” assets […]
BRENT As we can see in the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to test 4/8, break it, and then continue moving upwards to reach the resistance at 5/8. However, this scenario may no longer be valid if […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming another 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 1.2815. However, an alternative scenario implies that the […]
XAGUSD, “Silver vs US Dollar” XAGUSD is trading at 23.93; 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 23.60 and then resume moving upwards to reach 25.15. Another signal in favour of a further uptrend will be a […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.1358. If the price breaks this range to the downside, the market may start a new decline to reach 1.1320 or even extend this structure down to 1.1255; if to the upside – resume trading within the uptrend with the target at 1.1400. GBPUSD, “Great […]
The BTC dropped 7% over the last 24 hours due to huge sales on the US stock market; there is a direct correlation between NASDAQ and the BTC. So, NASDAQ is currently dominated by bears. The BTC capitalisation dropped to $770 billion with a daily turnover of about $22 billion. The crypto market does have […]
The statistics help GBPUSD to keep its positive momentum. The British Pound continues rising against the USD on Friday. The current quote for the instrument is 1.3622. The statistics published earlier today showed that Retail Sales in the United Kingdom added 1.9% m/m in January after losing 4.0% m/m in the previous month and […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after rebounding from the “overbought area”, USDCHF is trading below 7/8. In this case, the price is expected to continue falling to reach the support at 5/8. However, this scenario may be cancelled if the price breaks 8/8 to the upside. After that, the instrument […]