Tag: Roboforex
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 […]
Brent Brent quotes have broken below the 200-day Moving Average on H4, indicating the potential development of a downtrend. However, the RSI is approaching the oversold area. As a result, in this situation, the price is expected to test the 2/8 (78.12) level, rebound from it, and rise to the resistance at 3/8 (79.69). The […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The correction target might be the 1.3420 level. Subsequently, the price could rebound and maintain downward momentum. However, the quotes might fall to 1.3325 without a correction. […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is rebounding from the upper boundary of the descending channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s upper boundary at 0.6105 is expected, followed by a rise to 0.6265. An additional signal confirming the rise could be […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a corrective wave, reaching 1.0833. After forming a narrow consolidation range around this level, the market moved upwards and rose to 1.0878. This entire structure is perceived as a wide consolidation range around 1.0833. Today downward momentum to 1.0807 is expected to start. A downward breakout of […]
The Australian dollar, paired with the US dollar, is growing on Friday. The current AUDUSD exchange rate stands at 0.6587. Over the past two days, the risk interest factor from investors in the global currency market has worked in favour of the Aussie. Additionally, the AUD has benefited from the local decline in the US […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are on the 200-day Moving Average on H4, which reveals the lack of any trend. However, a convergence has formed on the RSI, signaling about a possible price rise. As a result, the quotes are expected to break the 6/8 (0.8667) level and reach the resistance at […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave to 1.0886. The news provoked a decline impulse to the 1.0816 level and a correction to 1.0860. Today the market has performed a structure of a decline wave to 1.0794. Next, a correction link to 1.0828 is expected. Once the correction is […]
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 might be 2060.50. Upon testing the resistance, the price could break it and continue with the uptrend. However, the quotes might pull back to 2030.00 before growing. […]