Tag: Roboforex
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 […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.1425. Possibly, today the pair may grow towards 1.1435 and then fall with the short-term target at 1.1386. Later, the market may correct to test 1.1420 from below and then resume trading downwards to break 1.1380. After that, the instrument may continue falling to reach […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1420; 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 1.1370 and then resume moving upwards to reach 1.1565. Another signal in favour of a further uptrend will be a […]
AUDUSD is keeping its positive momentum. The Australian Dollar is growing against the USD on Wednesday. The current quote for the instrument is 0.7162. At the moment, the Aussie is quite strong but only because the USD is weak. This week, Australia released some macroeconomic reports. For example, the NAB Business Confidence showed 3 […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, the rising wave, which is heading towards the local high at 1.3749, is slowing down. After breaking the high, the asset may reach the key resistance at 1.3834. However, there is an alternative scenario suggesting that the asset may resume […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hanging Man reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside target may be at 1.1370. However, an alternative scenario implies […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3521; 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 1.3495 and then resume moving upwards to reach 1.3680. Another signal in favour of a further uptrend […]
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 rebound from 5/8 and then resume falling to reach the support at 3/8. However, this scenario may no longer […]
EURUSD is reaching stability after skyrocketing last week. The major currency pair is calming down after significant fluctuations last week. The current quote for the instrument is 1.1460. With not too many macroeconomic statistics in the picture, investors have plenty of time to analyse and discuss the prospects of global monetary policies. For example, […]