Tag: Roboforex
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, which reveals the prevalence of an uptrend. The RSI is testing the support line. In this situation, the quotes are expected to rise above 7/8 (148.43), subsequently reaching the resistance level at 8/8 (150.00). The scenario could be cancelled […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3555. Next, the price might have a chance for a breakout of the level and further development of the uptrend. However, the […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting after a rebound from the lower boundary of the descending channel. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Kijun-Sen line at 1.0795 is expected, followed by a decline to 1.0615. An additional signal confirming the decline could […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 2045.00. Upon testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might pull back to 2015.50 before rising. […]
The primary currency pair halted its decline on Tuesday but appears weak. The current EURUSD exchange rate stands at 1.0744. The euro is currently at its lowest point since 8 December of the previous year. The market is still absorbing information received earlier from the US Federal Reserve. This pertains to the comments made by […]
The Australian dollar has paused its decline against the US dollar. The current AUDUSD exchange rate stands at 0.6500. Following the Reserve Bank of Australia’s meeting, the AUD experienced a slight uptick, but this did not alter the overall picture: the quotes are hovering near eleven-week lows. The interest rate remains at 4.35% per annum, […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, which reveals the prevalence of a downtrend. However, the RSI has formed a convergence, which is a signal for a possible price rise. As a result, the quotes should be expected to rise above 3/8 (0.6530), subsequently reaching the […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a decline wave to 1.0722. Today the pair could correct to 1.0753. Once this correction is over, a new decline wave to 1.0720 might start. And if this level also breaks, the potential for a wave to 1.0696 could open. This is a local target. GBPUSD, “Great […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold under the lower boundary of the descending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.2565 is expected, followed by a decline to 1.2425. An additional signal confirming the decline could […]
The main currency pair is on the rise on Friday. The current EURUSD exchange rate stands at 1.0880. Today promises to be a significant day for currency investors as the US prepares to release employment market statistics for January – and more. Per average expectations, the unemployment rate increased to 3.8% last month from the […]