Tag: Roboforex
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 […]
The primary currency pair maintains its upward trajectory on Wednesday. The current EURUSD exchange rate stands at 1.0707. The currency market is witnessing increasing risk appetite, allowing EURUSD to regain its position. At the same time, investors are unwinding some of the oversold positions in EURUSD. US statistics released yesterday confirm that pro-inflationary factors remain […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI remain in the overbought areas on D1. In this situation, the price is expected to test the +2/8 (156.25) level, rebound from it, and decline to the support at 0/8 (150.00). The scenario could be cancelled by surpassing the +2/8 (156.25) level, which might […]
EURUSD, “Euro vs US Dollar” The EURUSD pair escaped the consolidation range upwards and completed a growth link at 1.0710. Today it might drop to 1.0666 (testing from above). Next, a new correction link towards 1.0733 could follow. Once this correction is over, a new decline wave targeting 1.0585 might begin. This is a local […]
The Australian dollar, paired with the US dollar, looks promising mid-week. The current AUDUSD exchange rate is 0.6515, marking the highest level in almost two weeks. Investors are reacting to fresh statistics on Australian inflation and believe that the Reserve Bank of Australia will not lower interest rates for now. Australia’s Consumer Price Index (CPI) […]