Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the 1.3525 mark. Next, the price might break above the resistance and maintain its upward trajectory. However, the quotes could undergo […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the overbought area on H4, while the RSI is nearing the resistance line. In this situation, a breakout of the 8/8 (0.8789) level is expected, followed by a decline to the support at 6/8 (0.8667). The scenario could be cancelled by a breakout of the […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave towards 1.0963. Practically, the market has set the frames for a consolidation range. A decline link to 1.0878 is expected today. Breaking this level, the price could extend the trend to 1.0800, from which level the wave structure might form towards 1.0777. […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.0920 is expected, followed by a rise to 1.1060. An additional signal confirming the rise might be a rebound from the […]
The British pound sterling, paired with the US dollar, is holding its ground. The current exchange rate for GBPUSD stands at 1.2794. Earlier published data indicated a 0.2% m/m increase in the UK’s GDP for January but a 0.3% y/y decrease, as expected. The country’s industrial production volume decreased by 0.2% month-on-month in January. The […]
The primary currency pair is consolidating on Thursday. The current exchange rate for EURUSD stands at 1.0940. US Treasury Secretary Janet Yellen expects a future decline in inflation, primarily due to the slowdown in housing price growth. Housing expenses are recognised to carry the most significant weight within the Consumer Price Index (CPI) structure, accounting […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI is testing the resistance level. In this situation, the price is expected to rebound from the 5/8 (147.65) level and decline to the support at 3/8 (146.09). The scenario could be cancelled by […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern. Currently, the instrument is going 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 2190.00 without a correction. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rising after a rebound from the support. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2765 is expected, followed by a rise to 1.2935. An additional signal confirming the rise might be […]
The Australian dollar, paired with the US dollar, is observing the situation and is hardly moving on Wednesday. The current exchange rate for AUDUSD stands at 0.6613. Stronger-than-expected US price statistics exerted pressure on all currencies except the US dollar. These data worsened the prospect of the US Federal Reserve initiating a phase of monetary […]