Tag: Roboforex
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming an Engulfing reversal pattern during the pullback not far from the support level, XAUUSD is reversing and may continue forming its ascending impulse. In this case, the upside target remains at the resistance area at 1845.00. At the same time, […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDJPY is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue growing to reach the resistance at 7/8. However, this […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.1410 and breaking it to the downside, EURUSD has extended the correction down to 1.1315; right now, it is starting to form one more ascending structure towards 1.1494. The first target is at 1.1410. GBPUSD, “Great Britain Pound vs US Dollar” Having formed […]
EURUSD had one of the worst trading sessions in recent times. The major currency pair dropped yesterday and remains rather weak today. the current quote for the instrument is 1.1340. The “greenback” is still supported by the US 10-year bond yield, which continues increasing, and the global stock market decline. At the same time, the […]
After a recent drawdown, GBPUSD is consolidating; the Pound badly needs support. The British Pound stopped its decline against the USD in favour of consolidation. The current quote for the instrument is 1.3611. The factor that supported the Pound earlier, expectations of a possible rate hike soon by the Bank of England, is no longer […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, after an attempt to test and break 76.0% fibo, GBPUSD has started a new decline, which may transform into a proper descending wave towards the low at 1.3160. The key resistance and the next upside target are the high at […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1330; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1365 and then resume moving downwards to reach 1.1225. Another signal in favour of a further downtrend will be […]
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 correctional target may be at 1.1370. However, an alternative scenario […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is trading at 0.6777; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6810 and then resume moving downwards to reach 0.6655. Another signal in favour of a further downtrend […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average again, AUDUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 5/8, break it, and then continue falling to reach the support at 4/8. However, this scenario may no […]