Tag: Roboforex
Brent As we can see in the H4 chart, after breaking the high at 86.63 and fixing above it, Brent has stopped at 91.43. At first, the asset intended to reach the post-correctional extension area between 138.2% and 161.8% fibo at 94.53 and 99.41 respectively, but the above-mentioned level turned into strong resistance. Both this […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Hammer, close to the support level, USDCAD is reversing and may form a new rising impulse. In this case, the upside target may be the resistance area at 1.2780. However, an alternative scenario implies that […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is trading at 0.6634; 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 0.6685 and then resume moving downwards to reach 0.6455. Another signal in favour of a further downtrend […]
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. In this case, the price is expected to break 6/8 and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be […]
EURUSD continues rising; the risk attitude pushes the asset upwards. The major currency pair is strengthening in the middle of the week. The current quote for the instrument is 1.1288. Risk attitude in global financial markets is now pretty high – that deprives the “greenback” of the support it got used to and helps the […]
EURUSD, “Euro vs US Dollar” EURUSD is still growing with the short-term target at 1.1300. Later, the market may start a new correction to reach 1.1220 and then form one more ascending structure with the target at 1.1320. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the ascending wave at 1.3500, GBPUSD is still […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, after falling and reaching 61.8% fibo, GBPUSD is correcting upwards. If this correctional uptrend is transformed into a proper rising wave, the price may grow to break the local high at 1.3749 and then reach the key resistance at 1.3834. […]
GBPUSD took a break amid a series of increases; however, it is still looking great. The British Pound paused its growth against the USD on Wednesday. The current quote for the instrument is 1.3533. The statistics published by the United Kingdom were reasonably positive. For example, the Mortgage Approvals showed 71K in December after being […]
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 test 3/8, break it, and then continue falling to reach the support at 2/8. However, this scenario may no […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Long-Legged Doji reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its rising impulse. In this case, the upside target is the resistance area at 1830.00. At the same time, an opposite scenario […]