Tag: Roboforex
EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0857. Today, a downward breakout towards 1.0831 is expected. After the price reaches this level, a new narrow consolidation range might form. A downward breakout will open the potential for a wave towards the local target of 1.0780. GBPUSD, “Great […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the upper line of the bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2685 is expected, followed by a rise to 1.2935. An additional signal confirming the rise will be a […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the 1.0910 resistance level. However, the price could pull back to 1.0835 and continue its upward momentum after testing […]
The New Zealand dollar, paired with the US dollar, is retreating. The current NZDUSD exchange rate stands at 0.6099. The NZD is declining due to technical reasons – the Kiwi dollar looks overbought – and ahead of the Reserve Bank of New Zealand meeting scheduled for Wednesday. The regulator is expected to keep the interest […]
The British pound is strengthening its position against the US dollar. The current GBPUSD exchange rate stands at 1.2709. The pound appears steady, supported by the local decline in the US dollar and comments from monetary policymakers. In his speech yesterday, Bank of England Deputy Governor Ben Broadbent did not rule out a summer interest […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Engulfing reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target could be 1.3670. Next, the price might rebound from the resistance level and continue its downward momentum. However, the quotes could decline to 1.3565 […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI is testing the support line. In this situation, the price is expected to rebound from the 5/8 (0.6652) level and rise to the resistance at 7/8 (0.6774). The scenario could be cancelled by […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has extended the range towards 1.0883 and declined to 1.0855. Today, the market is in a consolidation phase around this level. A decline towards 1.0832 could occur, followed by a rise towards 1.0855. An upward breakout of the range will open the potential for a wave towards […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting within a Triangle pattern. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s upper boundary at 1.0845 is expected, followed by a rise to 1.0985. An additional signal confirming the rise will be a rebound from the lower boundary […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2485.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2420.00 before rising. […]