Tag: Roboforex
Brent Brent quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. However, the RSI is in the overbought area. As a result, in this situation, a breakout of the 6/8 (84.71) level is expected, followed by a decline to the support at 5/8 (82.81). The scenario could be […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target could be the resistance at 1.0930. However, the price could correct to 1.0850 and maintain its upward trajectory after a pullback. […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave to 1.0878. A consolidation range could form around this level today. With an escape from the range downwards, the wave could extend to 1.0800. This is a local target. Once this level is reached, a growth link to 1.0878 (testing from below) […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has gained a foothold below the lower boundary of the bullish channel. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.2770 is expected, followed by a decline to 1.2585. An additional signal confirming the decline […]
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 […]