Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0805 is expected, followed by a rise to 1.0930. An additional signal confirming the rise might be a rebound from the lower boundary of […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have breached the 8/8 (0.8789) level on H4, exiting the overbought area. The RSI has broken the support line. In this situation, the price is expected to continue falling to the support at 6/8 (0.8667). The scenario could be cancelled by rising above the resistance at +1/8 […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the 2040.00 level. Upon testing the resistance, the price could rebound from this level and continue developing the downtrend. However, the quotes might drop to […]
EURUSD, “Euro vs US Dollar” The EURUSD pair completed a growth wave structure to the 1.0823 level. Today the market has formed a consolidation range around this level and, escaping it upwards, might extend the correction to 1.0852. Once it is over, a new decline wave to 1.0774 could begin. GBPUSD, “Great Britain Pound vs […]
The Japanese yen, paired with the US dollar, continues to consolidate. The current USDJPY exchange rate stands at 150.22. On Thursday, the Japanese Minister of Finance, Shunichi Suzuki, stated that the authorities have no defence line for the currency and the market. At the same time, the government deems it necessary to monitor volatility in […]
The primary currency pair experienced a significant increase on Thursday. The current EURUSD exchange rate stands at 1.0837. Yesterday, the main focus was on the publication of the US Federal Reserve’s previous meeting minutes, which revealed that most monetary policymakers are concerned about the risks associated with rapidly lowering interest rates. The current concern for […]
EURUSD, “Euro vs US Dollar” The EURUSD pair formed a structure of a growth wave to 1.0838 and a decline structure to 1.0803 today. Currently, a growth link to 1.0820 is forming. Practically, a new consolidation range might go by these levels. With an escape upwards, the range might expand to 1.0850. With a downward […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are in the overbought area on H4. The RSI has rebounded from the resistance line. In this situation, a breakout of 8/8 (150.00) is expected, followed by a decline to the support at 7/8 (148.43). The scenario could be cancelled by rising above +1/8 (151.56). In this […]
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 decline target could be the support at 1.0770. However, the quotes might correct to 1.0870 and extend the downtrend after the test […]
The Japanese yen, paired with the US dollar, has reduced its activity to a minimum. The current USDJPY exchange rate stands at 149.98. Morning statistics from Japan revealed a decline in the February Reuters Tankan business confidence index, dropping to -1 points from the previous 6 points. Japanese exports surged in January, increasing by 11.9% […]