Tag: Roboforex
Brent Brent quotes are above the 200-day Moving Average on D1, which indicates the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 5/8 (90.62), after which they might reach the resistance at 6/8 (93.75). The scenario could be cancelled by breaching […]
The primary currency pair demonstrates a modest increase on Friday. The current EURUSD exchange rate stands at 1.0722. The market is uncertain whether the US Federal Reserve has all the necessary arguments to lower the interest rate in the near future. Yesterday’s weak US GDP release for Q1 2024 could have been a reason to […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the upper boundary of the descending channel. The pair is going inside the Ichimoku Cloud, which suggests a sideways movement. A test of the Tenkan-Sen line at 1.0705 is expected, followed by a rise to 1.0855. A rebound from the lower boundary of the bullish channel will […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave towards 1.0733 and a decline link to 1.0678. Practically, the boundaries of a consolidation range have been set. Today the market is hovering at its upper boundary. Range extension towards 1.0750 is not excluded. Next, a decline wave targeting the lower boundary […]
The Japanese yen against the US dollar appears even weaker than before. The current exchange rate for USDJPY stands at 156.19. Pressure on the yen is becoming increasingly widespread, but the Japanese authorities are not rushing to defend their currency. There is undoubtedly a secondary benefit here: exporting companies earn more and increase financial inflows […]
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. 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 the pair is […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 1.3770. Next, the price could break the level and continue developing the uptrend. However, the quotes might correct towards 1.3660 before rising. […]
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range around 1.0700. A growth link to 1.0717 is expected. Next, a decline link targeting 1.0700 is not excluded (testing from above). After that, the quotes could rise towards 1.0722, from which level the correction might extend to 1.0733. Once the correction is […]
The main currency pair paused its ascent on Thursday. The current EURUSD exchange rate stands at 1.0705. Nothing significant happened; the market remains highly sensitive to even the slightest changes in global sentiment. Today, the US will release the GDP statistics for Q1 2024. The economy is expected to grow by 2.5% compared to the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is preparing to break the resistance level. The instrument is going inside the Ichimoku Cloud, which suggests a flat trend. A test of the upper boundary of the Cloud at 1.2495 is expected, followed by a decline to 1.2305. A signal confirming the decline will be a […]