Tag: Roboforex
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support level. At the moment, EURUSD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.1510. However, an alternative scenario implies […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.1313 and then returning to 1.1366, EURUSD is consolidating below the latter level. Possibly, the pair may form a new descending structure to break 1.1323 and then continue falling towards 1.1255. On the other hand, if the price grows and breaks 1.1370, the market […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading above it to indicate a possible ascending tendency. In this case, the price is expected to test the resistance at 3/8, break it, and then continue growing to reach 4/8. Still, this scenario […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, the asset is testing the mid-term 61.8% fibo at 1908.00. Possibly, the pair may rebound and form a slight pullback, which may later be followed by a further uptrend. The next upside target is 76.0% fibo at 1969.00. The H1 chart shows […]
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 […]