Tag: Roboforex
The Australian dollar, paired with the US dollar, is on a downward trajectory. The current AUDUSD exchange rate stands at 0.6517. The Aussie dropped to a weekly low against the USD following the release of softer-than-expected inflation data in Australia. The consumer price index stood at a two-year low of 3.4% in January, remaining unchanged […]
The New Zealand dollar responded negatively to the RBNZ’s remarks and is now decreasing against the US dollar. The current NZDUSD exchange rate stands at 0.6112. NZD dropped to a two-week low after the Reserve Bank of New Zealand kept the interest rate unchanged and proposed a less aggressive approach to monetary policy. The interest […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the resistance level on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target could be the support at 1.0820. However, the price could rise to 1.0900 and maintain its upward momentum without testing the […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a breakout of 2/8 (0.6530) is expected, followed by a price decline to the support at 1/8 (0.6500). The scenario might be cancelled […]
The British pound sterling, paired with the US dollar, continues its rise. The current GBPUSD exchange rate stands at 1.2682. According to fresh statistics, inflation in UK stores has dropped to a two-year low. Observations by the BRC indicate that the index rose by 2.5% in February, marking the lowest figure since March 2022. Simultaneously, […]
EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0835 is expected, followed by a rise to 1.0945. An additional signal confirming the rise might be a rebound […]
EURUSD, “Euro vs US Dollar” The EURUSD pair extends a correction wave to 1.0858. Today the market is forming a narrow consolidation range under this level. With an escape from the range upwards, further correction to 1.0872 is not excluded. With a downward escape, the decline wave could continue to 1.0790. GBPUSD, “Great Britain Pound […]
The primary currency pair maintains its upward momentum. The current EURUSD exchange rate stands at 1.0852. The market is still conserving its strength before the US releases its crucial statistics for the week. These reports will provide insight into the situation in which the US Federal Reserve might begin to decrease the interest rates. Investors […]
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range around the 1.0823 level. A decline link to 1.0808 is expected today. Next, a rise to 1.0823 might follow (a test from below). With an escape from this range downwards, a decline to 1.0790 could form, from where the trend might extend […]
The Australian dollar, paired with the US dollar, has halted its rise. The current AUDUSD exchange rate stands at 0.6555. The Aussie had been on the rise for eight consecutive sessions. Given the continued weakness of the US dollar, the AUD’s temporary pause is attributed to technical factors and the upcoming statistics. The Consumer Price […]