EUR/USD, "Euro vs US Dollar"

The pair is trading above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 1.1825 is expected, followed by growth to 1.1995. The growth will be additionally supported by a bounce off the lower border of the ascending channel. The scenario will no longer be valid if the lower border of the Cloud is broken and the quotations close under 1.1725, which will mean further falling to 1.1635. The growth will be confirmed by a breakaway of the upper border of the bearish channel and securing above 1.1905.

EURUSD

AUD/CAD, "Australian Dollar vs Canadian Dollar"

The currency pair is trading at 0.9635 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 0.9605 is expected, followed by growth to 0.9755. The growth will additionally be confirmed by a bounce off the upper border of the descending channel that the buyers have broken away upwards confidently. The scenario can be canceled by a breakaway of the lower border of the Cloud and securing under 0.9515, which will entail further falling to 0.9425.

AUDUSD

USD/CAD, "US Dollar vs Canadian Dollar"

The currency pair is trading above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 1.2555 is expected, followed by growth to 1.2835. The growth will be supported by a bounce off the support level. The scenario will be canceled by a breakaway of the lower border of the Cloud and securing under 1.2455, which will mean further falling to 1.2365. The growth will be confirmed by a breakaway of the upper border of the descending channel and securinh above 1.2645.

USDCAD

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD consolidates above 1.2000 as USD bulls take a breather

EUR/USD is in downside consolidation above 1.2000 amid risk-off mood. The US dollar clings to overnight recovery gains while the yields steady. J&J’s covid vaccine news fails to cheer the euro amid rising infections globally.

EUR/USD News

GBP/USD remains pressured below 1.3950 amid mixed UK data

GBP/USD holds lower ground below 1.3950, extending the pullback from seven-week highs. The US dollar’s strength, Brexit jitters and covid woes supersede the upbeat UK jobs data and re-opening optimism. UK CPI misses estimates with 0.7% in March.

GBP/USD News

Gold likely to face stiff resistance near $1795-$1800, focus on yields

Gold (XAU/USD) rebounded on Tuesday as the US Treasury yields tumbled alongside global stocks. Surging covid infections globally brought a reality check into the markets and triggered a fresh risk-aversion wave.

Gold News

ETH price eyes all-time highs as ETFs receive approval in Canada

Canada’s Ontario Securities Commission approved three Ethereum ETFs on April 20. This move comes after the recently launched Bitcoin ETF surpassed $1 billion in AUM. Ethereum price looks to surge 15% to retest recently set up highs around $2,548.

Read more

Markets tumble as covid fears overshadow vaccination drive

European markets have been hit hard, with rising global Covid cases serving as a reminder of how mutations could derail the recovery. Meanwhile, improved jobs data has helped the pound, but comes to the detriment of the FTSE 100. 

Read more

Majors

Cryptocurrencies

Signatures