Tag: Roboforex
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target could be 2135.00. After testing the support, the price might rebound and maintain its upward trajectory. However, the quotes could rise to 2180.00 without a correction. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2670 is expected, followed by a rise to 1.2785. An additional signal confirming the rise might be a rebound from the lower boundary […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes remain in the overbought area on H4. The RSI has broken the support line. In this situation, the pair is expected to break the 8/8 (150.00) line, subsequently falling to the support at 6/8 (148.43). The scenario could be cancelled by rising above +1/8 (150.78), in which […]
The British pound sterling is gaining strength against the dollar. The current GBPUSD exchange rate stands at 1.2704. According to the British Retail Consortium (BRC) report, total retail sales volume in February increased by 1.1% y/y compared to the 5.2% rise one year ago. This figure does not consider inflation, which amounted to 4% in […]
The New Zealand dollar maintains a weak position against the US dollar. The current NZDUSD exchange rate stands at 0.6095. The Reserve Bank of New Zealand may cut interest rates sooner than planned, but only if the US Federal Reserve takes the first step. According to the RBNZ’s chief economist, Paul Conway, the Central Bank […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave, reaching a local target of 1.0875. Today a correction structure targeting 1.0839 (testing from above) is expected. After the correction, an upward movement towards 1.0877 could follow, with the price subsequently declining to the first target of 1.0840. GBPUSD, “Great Britain Pound […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be the support at 1.0835. However, the price might rise to 1.0890 and extend the uptrend without any correction. […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD formed a Shooting Star reversal pattern on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be the 1.3550 mark. Next, the price might rebound from the support and maintain its upward trajectory. However, the quotes could rise to […]
The Japanese yen remains under pressure against the US dollar. The current USDJPY exchange rate stands at 150.50. The instrument hovers within a sideways range, but the yen continues to attract bearish interest. Japan published the February Core CPI for Tokyo. This indicator is considered leading for overall inflation estimation. The index saw a 2.5% […]
The Australian dollar is declining smoothly against the US dollar. The current AUDUSD exchange rate stands at 0.6499. Morning statistics showed that the PMI in the services sector rose to 53.1 points in February from 49.1 points earlier. The forecast expected an increase to 52.8 points. The fact that the indicator returned above the psychologically […]