Tag: Roboforex
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the overbought area on H4. The RSI has breached the support line. As a result, in this situation, a downward breakout of +1/8 (0.8850) is expected, followed by a decline to the support at 7/8 (0.8728). The scenario could be cancelled by a rise above […]
EURUSD, “Euro vs US Dollar” EURUSD has reached the estimated target of the corrective wave at 1.0734. A consolidation range is expected to form under this level today. With a downward escape from the range, the potential for a wave to 1.0710 could open, from where the decline wave might extend to 1.0685. With an […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF has found a foothold under the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.8535 is expected, followed by a rise to 0.8995. An additional signal confirming the rise might be a rebound from the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has 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 1.3520 level. Next, the price might rebound from the support and extend the uptrend. However, the quotes could rise to […]
The Australian dollar, paired with the US dollar, has halted its decline. The current AUDUSD exchange rate stands at 0.6486. This morning, Australia released employment market statistics, which turned out to be relatively weak. Such data confirms fairly soft expectations for the country’s monetary policy outlook. The unemployment rate rose to 4.1% in January. Employment […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 2010.00. Upon testing the resistance, the price might rebound from it and continue developing the downtrend. However, the quotes could drop to 1980.50 before correcting. […]
USDJPY, “US Dollar vs Japanese Yen” The USDJPY pair and the RSI on H4 are in their respective overbought areas. In this situation, a test of 8/8 (150.00) is expected, followed by a breakout of the level and a price decline to 7/8 (148.43). The scenario could be cancelled by rising above +1/8 (151.56). In […]
The primary currency pair remains under pressure on Wednesday. The current EURUSD exchange rate stands at 1.0713. Data on the Consumer Price Index in the US for January, released yesterday, noticeably unsettled investors. Inflation decreased to 3.1% on an annual basis compared to 3.4%. While this is positive, the forecast had expected a decrease of […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has reached the estimated target of a decline wave at 1.0700. The structure of the last decline target implies a correction link to 1.0734 that might form today. Practically, a consolidation range might form between these two levels. With an escape from the range downwards, a decline […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold under the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2630 is expected, followed by a decline to 1.2480. An additional signal confirming […]