Tag: Roboforex
The Australian dollar, in the pair with the US dollar, is accelerating its decline. The current AUDUSD exchange rate stands at 0.6564. Currently, the AUD is hovering near the lows of 13 December 2023. The Reserve Bank of Australia considers the current interest rate value of 4.35% per annum to be the peak. Earlier, there […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target could be 1.3545. Next, the price might rebound from this level and extend the downtrend. However, the quotes could drop to 1.3450 without […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average, revealing the prevalence of an uptrend. However, the RSI has reached the overbought area. In the end, a test of 7/8 (148.43) is expected, followed by a rebound from this level and a decline to the support at 5/8 (146.09). The […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a decline wave to 1.0882. Today the market has formed a consolidation range around this level and, breaking the range downwards, continues developing the wave to 1.0765. This is a local target. Once this level is reached, a correction link to 1.0882 is not excluded, followed by […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is declining within a bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6165 is expected, followed by a decline to 0.6005. The decline could be additionally supported by a rebound from the upper boundary […]
The British pound sterling, paired with the US dollar, has retreated from a five-month high. The current GBPUSD exchange rate stands at 1.2677. GBP faced pressure as investors globally shifted away from risks on Tuesday. The US dollar is in demand as a safe-haven asset. Today is an active day from the point of macroeconomic […]
The Australian dollar, paired with the US dollar, declined markedly. The current AUDUSD exchange rate stands at 0.6612. On the one hand, the downgrade in forecasts for China was a negative factor for Australia. The consensus at the Davos forum was that China would show modest economic growth in 2024. These cautious expectations are attributed […]
EURUSD, “Euro vs US Dollar” EURUSD has broken the 1.0950 level downwards and continues extending the range to the lower boundary. The target is 1.0913. Once this level is reached, a new consolidation range might form under it. With an escape from the range upwards, a growth structure to 1.0950 might form. In case the […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has broken the 200-day Moving Average on H4 and rests below it, revealing the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, in this situation a test of 4/8 (0.6591) is expected, followed by a rebound from this level and a […]
EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0935 is expected, followed by a decline to 1.0765. The decline could be additionally supported […]