Tag: Roboforex
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 7/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks 6/8 to the downside. After that, […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its ascending impulse. In this case, the upside target may be the resistance area at 1845.00. At the same time, an opposite scenario […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the daily chart, the asset is still moving to the upside after testing 38.2% fibo and convergence on MACD. This movement should be considered as a short-term ascending correction, which may later be followed by a further downtrend towards 50.0% fibo at 0.6758. The […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3726; 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 1.3695 and then resume moving upwards to reach 1.3840. Another signal in favour of a further uptrend […]
USDJPY is falling at the end of the week; the Yen is happy with the possibility of the rate hike. The Japanese yen is rising against the USD on Friday. The current quote for the instrument is 113.86. The Yen has been strengthening for almost the entire week due to the “greenback” weakness, which […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.1458. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 1.1507; if to the downside – start a new correction towards 1.1385 and then form one more ascending structure to reach the above-mentioned target. […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Shooting Star 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 1.1415. However, an alternative scenario […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF 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 be cancelled […]
EURUSD continued rising after the US reported on inflation. The major currency pair continues growing on Thursday. The current quote for the instrument is 1.1468. The CPI in the US showed 7.0% y/y, the same as expected. The “greenback” plummeted in response to this report: investors started to reduce their long positions because the […]
EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.1452, EURUSD is consolidating below this level. Possibly, the pair may grow to reach the short-term upside target at 1.1457 and then start a new correction towards 1.1363. Later, the market may form one more ascending structure with the target at 1.1506. GBPUSD, “Great […]