Tag: Roboforex
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 the 2045.00 level. Upon testing the resistance, the price could break the level and continue developing the uptrend. However, the quotes might pull back to […]
The Japanese yen, paired with the US dollar, continues to balance in a sideways range. The current USDJPY exchange rate stands at 147.76. A week ago, the instrument reached a peak at 148.80. Core inflation in Tokyo in January dropped to 1.6% y/y, compared to the previous figure of 2.1% and a forecast of 1.9%. […]
The primary currency pair is in decline on Friday. The current EURUSD quote stands at 1.0842. At its meeting in January, the European Central Bank maintained the current monetary policy structure unchanged. The interest rate remained at 4.5% per annum, a historical maximum. In its comments, the ECB explained that the rate is at a […]
Brent Brent quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. However, the RSI has reached the overbought area. In this situation, a downward breakout of 4/8 (81.25) is expected, followed by a price decline to the support level of 3/8 (79.69). The scenario could be cancelled by rising […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of correction to 1.0900 and a new decline wave to 1.0821. Today the quotes might correct the previous decline wave. The correction target is the 1.0860 level. Once it is reached, the next decline wave to 1.0790 could begin. This is the first target. GBPUSD, […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0865 is expected, followed by a decline to 1.0695. An additional signal confirming the decline could […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The correction target could be the resistance level of 1.0880. However, the price might drop to 1.0790 and extend the downtrend without any pullback. […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a correction wave to 1.0931 (a test from below), forming a decline impulse to 1.0889 and its correction to 1.0907 today. A structure of the second decline impulse to 1.0862 is currently forming. Upon reaching this level, the quotes might correct to 1.0884 (a test from below) […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on H4, revealing the probability of an uptrend development. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 6/8 (0.8667) and reach the resistance at 7/8 (0.8728). The scenario could be cancelled […]
The British pound sterling is gradually strengthening against the US dollar. The current GBPUSD exchange rate stands at 1.2720. The statistics from yesterday indicate that business activity in the UK is the leading in Europe. This provides another argument in favour of the Bank of England maintaining high interest rates in the country for an […]