Tag: Roboforex
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 […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern not far from the support level, XAUUSD is reversing in the form a new rising impulse. In this case, the upside target may be the resistance area at 1885.00. At the same time, an opposite scenario […]
The major currency pair is falling a bit on Thursday after rising the day before. EURUSD is slightly retreating on Thursday after adding some weight in the middle of the week. The current quote for the instrument is 1.1360. The Retail Sales in the US added 3.8% m/m in January after losing 2.5% m/m […]
EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.1394 along with the descending structure towards 1.1324, EURUSD is expected to consolidate between these two levels. If the price breaks this range to the downside, the market may continue the correction to reach 1.1255; if to the upside – resume trading within the […]
Brent As we can see in the H4 chart, divergence on MACD made the asset start a new correctional decline after entering the post-correctional extension area between 138.2% and 161.8% fibo at 94.54 and 99.43 respectively. A breakout of the key support at 65.89 will lead to a reversal of the long-term tendency. The H1 […]