Tag: Roboforex

Apr 12
Murrey Math Lines 12.04.2024 (Brent, S&P 500)

Brent Brent quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has broken the support line, exiting the overbought area. As a result, in this situation, the price is expected to test the 4/8 (87.50) level, rebound from it, and rise to the resistance at 6/8 (93.75). The scenario […]

Apr 12
Technical Analysis & Forecast 12.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range. By now, a decline wave structure has been completed at 1.0700 alongside a correction towards 1.0733 (testing from below). Practically, a trend continuation pattern has formed around 1.0733. With an upward escape from the range, a correction link towards 1.0765 is not […]

Apr 12
Ichimoku Cloud Analysis 12.04.2024 (EURUSD, XAUUSD, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test of the Tenkan-Sen line at 1.0745 is expected, followed by a decline towards 1.0625. The decline could be additionally confirmed by a rebound from the upper boundary of the bearish […]

Apr 12
Japanese Candlesticks Analysis 12.04.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument might go by the reversal signal in a correction wave. The pullback target could be 1.3670. Next, the price might rebound from the support and continue its upward momentum. However, the quotes could rise to 1.3770 […]

Apr 12
JPY dropped lower. Overview for 12.04.2024

The Japanese yen maintains its downward momentum in the pair with the US dollar. The current USDJPY exchange rate stands at 153.25. JPY reached new 34-year lows today. Robust economic data in the US negatively affects the currency market as a whole and the yen in particular. Confident reports reduce the likelihood of the Federal […]

Apr 12
EUR surrendered without a fight. Overview for 12.04.2024

The primary currency pair is sliding down on Friday. The current EURUSD exchange rate stands at 1.0682. The strengthening of the US dollar is associated with low expectations from the US Federal Reserve’s interest rate for this year. In January, the market expected six interest rate cuts; in March, it expected three, while today, it […]

Apr 11
Technical Analysis & Forecast 11.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair practically finished a correction wave at 1.0884 and started developing a decline wave because of the news. By now, the quotes have finished the wave at 1.0728. A consolidation range is expected to form above this level today. With an escape upwards, a growth link towards 1.0773 […]

Apr 11
Murrey Math Lines 11.04.2024 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. However, divergence has formed on the RSI. As a result, in this situation, the price is expected to rebound from the 7/8 (0.9155) level and fall to the support at 5/8 (0.8911). The decline in […]

Apr 11
Japanese Candlesticks Analysis 11.04.2024 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target might be the 2320.00 level. After testing the support, the price could rebound from it and continue its upward momentum. However, the quotes could rise to 2385.00 […]

Apr 11
EURUSD plunged sharply. Overview for 11.04.2024

The primary currency pair is consolidating on Thursday following yesterday’s failure. The current EURUSD exchange rate stands at 1.0743. Yesterday’s signals, including the release of March’s inflation statistics and the minutes of the Federal Reserve’s previous meeting, provided massive support for the US dollar. The consumer price index in the US rose by 0.4% m/m […]