Tag: Roboforex
The Japanese yen, paired with the US dollar, has significantly declined. The current USDJPY exchange rate stands at 150.50. What led to this development? The US released surprisingly robust inflation figures for January. This diminished the likelihood of the Federal Reserve’s early interest rate cut this year, bolstering the USD. Consequently, the dollar exerted pressure […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has formed a decline wave to 1.0755. Currently, the market is forming a narrow consolidation range around 1.0765. An escape from the range downwards to 1.0744 is expected today. And if this level also breaks downwards, the potential for a wave to 1.0725 might open, from where […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a test of 2/8 (0.6469) is expected, followed by a breakout of this level and a subsequent decline to the support at […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0770 is expected, followed by a decline to 1.0665. An additional signal confirming the decline could […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target might be the resistance at 1.0830. However, the price could drop to 1.0720 and extend the downtrend without testing the resistance. […]
The Australian dollar, paired with the US dollar, continues to hover. The current AUDUSD exchange rate stands at 0.6520. According to today’s data, business conditions in Australia have improved, with consumer confidence reaching a 20-month high. January’s NAB business environment index came in at 6 points, below the long-term average. Business confidence improved, reaching 1 […]
The Japanese yen is weakening against the US dollar again. The current USDJPY exchange rate stands at 149.48. Upcoming statistics may confirm that the Japanese economy is regaining its position as the world’s fourth largest. The main reasons for this are the weak yen and the ageing population. Japan’s GDP in Q4 could have grown […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have rebounded from the 0/8 (1.0742) level on H4 and started growing. The RSI has risen above the resistance line. In this situation, the quotes are expected to rise above 1/8 (1.0803), subsequently reaching the resistance at 2/8 (1.0864). The scenario could be cancelled by a downward breakout […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3545. Next, the price might have a chance for breaking the resistance and extending the uptrend. However, the quotes could correct to […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the lower boundary of the Cloud. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2640 is expected, followed by a decline to 1.2475. An additional signal confirming the decline could […]