Tag: Roboforex
The Japanese yen, paired with the US dollar, has reversed course and is now strengthening. The current USDJPY exchange rate stands at 149.80. Bank of Japan board member Hajime Takata urged the central bank to start discussing the potential end of its ultra-loose monetary policy. He emphasised the importance of considering all scenarios, including negative […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 8/8 (0.8789) level, escaping the overbought area on H4. The RSI is testing the support line. In this situation, a further decline to the support at 6/8 (0.8667) is expected. The scenario could be cancelled by rising above the resistance at +1/8 (0.8850), in […]
EURUSD, “Euro vs US Dollar” EURUSD 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 1.0825 is expected, followed by a rise to 1.0925. An additional signal confirming the rise might be a rebound […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be 1.3545. Next, the price might rebound from the support and extend the uptrend. However, the quotes could rise to 1.3635 without […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has corrected to 1.0845. Today the market is forming a consolidation range around 1.0836. With an escape from the range upwards, the correction might extend to 1.0853. With a downward escape, the potential for a decline to 1.0800 could open. And if this level also breaks, the […]
The primary currency pair is consolidating on Thursday. The current EURUSD exchange rate is standing at 1.0835. The market is conserving its strength as the most critical inflation component, which the US Federal Reserve pays attention to, is due to be released tonight. This is the Core PCE index. Given investors’ uncertainty about the timing […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be 2020.00. After testing the support, the price might break below it and maintain its downward trajectory. However, the quotes could correct to 2040.00 before falling. […]
EURUSD, “Euro vs US Dollar” The EURUSD currency pair extends a decline wave to 1.0830. Practically, a consolidation range continues developing around this level. With an upward escape from the range, the correction might extend to 1.0870. A downward escape could open the potential for a decline wave to 1.0790, from where the trend might […]
XAUUSD, “Gold vs US Dollar” Gold is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2027 is expected, followed by a rise to 2065. An additional signal confirming the rise might be a rebound from the […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes remain in the overbought area on H4. The RSI is approaching the resistance line. In this situation, a test of +1/8 (150.78) is expected, followed by a rebound from this level and a price decline to the support at 7/8 (149.21). The scenario could be cancelled by […]