Tag: Roboforex
The New Zealand dollar maintains a weak position against the US dollar. The current NZDUSD exchange rate stands at 0.6095. The Reserve Bank of New Zealand may cut interest rates sooner than planned, but only if the US Federal Reserve takes the first step. According to the RBNZ’s chief economist, Paul Conway, the Central Bank […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave, reaching a local target of 1.0875. Today a correction structure targeting 1.0839 (testing from above) is expected. After the correction, an upward movement towards 1.0877 could follow, with the price subsequently declining to the first target of 1.0840. GBPUSD, “Great Britain Pound […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be the support at 1.0835. However, the price might rise to 1.0890 and extend the uptrend without any correction. […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD formed a Shooting Star reversal pattern on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be the 1.3550 mark. Next, the price might rebound from the support and maintain its upward trajectory. However, the quotes could rise to […]
The Japanese yen remains under pressure against the US dollar. The current USDJPY exchange rate stands at 150.50. The instrument hovers within a sideways range, but the yen continues to attract bearish interest. Japan published the February Core CPI for Tokyo. This indicator is considered leading for overall inflation estimation. The index saw a 2.5% […]
The Australian dollar is declining smoothly against the US dollar. The current AUDUSD exchange rate stands at 0.6499. Morning statistics showed that the PMI in the services sector rose to 53.1 points in February from 49.1 points earlier. The forecast expected an increase to 52.8 points. The fact that the indicator returned above the psychologically […]
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 further decline to the 0/8 (0.6469) is expected, while the scenario could be cancelled by rising above the resistance at 2/8 (0.6530). […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave to 1.0866. A correction structure to 1.0843 (testing from above) is expected today. Once the correction is over, a growth structure to 1.0880 is not excluded. Next, a new decline wave to 1.0840 is expected to begin. This is the first target. […]
XAUUSD, “Gold vs US Dollar” Gold is rising within the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2100 is expected, followed by a rise to 2145. An additional signal confirming the rise will be a rebound from the lower boundary of […]
EURUSD, “Euro vs US Dollar” EURUSD is rising after a rebound from the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 1.0820 is expected, followed by a rise to 1.0915. An additional signal confirming the […]