Tag: Roboforex
The Japanese yen is weakening against the US dollar again. The current USDJPY exchange rate stands at 149.48. Upcoming statistics may confirm that the Japanese economy is regaining its position as the world’s fourth largest. The main reasons for this are the weak yen and the ageing population. Japan’s GDP in Q4 could have grown […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have rebounded from the 0/8 (1.0742) level on H4 and started growing. The RSI has risen above the resistance line. In this situation, the quotes are expected to rise above 1/8 (1.0803), subsequently reaching the resistance at 2/8 (1.0864). The scenario could be cancelled by a downward breakout […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3545. Next, the price might have a chance for breaking the resistance and extending the uptrend. However, the quotes could correct to […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the lower boundary of the Cloud. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2640 is expected, followed by a decline to 1.2475. An additional signal confirming the decline could […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a correction to 1.0799. Currently, the market is forming a narrow consolidation range under this level. A range extension link to 1.0805 is not excluded today. Next, a decline to 1.0730 might follow, from where the trend could extend to 1.0666. This is a local target. GBPUSD, […]
The Japanese yen, paired with the US dollar, remains stagnant at the beginning of the week. The current USDJPY exchange rate stands at 149.21. At the same time, the USDJPY pair hovers near a ten-week low. Due to the information vacuum and lack of significant news, investors have opted to conserve energy and simply wait. […]
The primary currency pair is rising cautiously on Monday. The current EURUSD exchange rate stands at 1.0795. Nevertheless, the primary currency pair closed Friday with a decline – marking the fourth consecutive week of losses. The market disregarded the revision of December’s US consumer price statistics, which rose less than anticipated. Meanwhile, core inflation appears […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has formed a consolidation range around 1.0766, completing a growth structure to 1.0782 with an escape upwards from the level. A technical return to 1.0766 is expected today (a test from above). Next, another correction link to 1.0791 might form. Once this correction is over, a decline […]
Brent Brent quotes have broken the 200-day Moving Average on H4 and are currently above it, which indicates the probability of an uptrend development. However, the RSI has reached the overbought area. As a result, in this situation, a rebound from 4/8 (81.25) is expected, followed by a price decline to the support at 3/8 […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target might be 2050.00. Upon testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might pull back to 2025.00 before growth. NZDUSD, […]