Tag: Roboforex

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, a test of 7/8 (148.43) is expected, followed by a breakout of this level and a rise to the resistance at […]

The Australian dollar, paired with the US dollar, declined on Wednesday. The current AUDUSD exchange rate stands at 0.6567. Inflation data in Australia reinforced market expectations of an imminent interest rate reduction. The consumer price index in Q4 dropped to 4.1% year-over-year from the previous 5.4%. Quarterly, the indicator rose by a mere 0.6% against […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the support area. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0860 is expected, followed by a decline to 1.0675. An additional signal confirming the decline could be a rebound from the […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave to 1.0855. Today the market is forming a decline wave structure to 1.0806. Once this level is reached, a correction to 1.0825 is expected (a test from below), followed by a decline to 1.0790. This is a local target. GBPUSD, “Great Britain […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The correction target could be the resistance at 1.0860. However, the price might drop to 1.0780 and extend the downtrend without pulling back. USDJPY, “US Dollar vs Japanese […]

The Japanese yen, paired with the US dollar, slightly strengthened by Tuesday. The current USDJPY exchange rate stands at 147.40. might reconsider its large-scale stimulus program in this scenario. This morning saw the release of stronger-than-expected statistics on the employment market in Japan, reinforcing market expectations for the future tightening of monetary conditions by the […]

The Australian dollar, paired with the US dollar, has slightly increased. The current AUDUSD exchange rate stands at 0.6610. In December, retail sales in Australia declined more than expected, by 2.7% m/m instead of the anticipated 1.7%. The data represents the weakest performance for the year. Following the release of the statistics, Australian bonds continued […]

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 is testing the resistance line. In this situation, a downward breakout of the 4/8 (0.6591) level is expected, followed by a decline to the support at 3/8 (0.6530). The scenario could […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave to 1.0795. Today the market is forming a correction wave to 1.0850. Once this level is reached, the decline wave is expected to continue to 1.0790. This is a local target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has found a foothold under the lower boundary of the Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.3435 is expected, followed by a decline to 1.3255. An additional signal confirming the […]