Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the resistance level. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of upper boundary of the Cloud at 1.0995 is expected, followed by a decline to 1.0825. The decline could be additionally supported by a rebound from the upper boundary […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3300. Next, the price could break the level and extend the downtrend. However, the quotes might correct to 1.3440 before the […]
The Australian dollar, paired with the US dollar, continues its recovery. The current AUDUSD quote is 0.6719. The RBA’s forecast regarding the prospects of the Australian dollar looks rather pessimistic. The upward reversal of AUD at the beginning of the year has not changed anything. The RBA believes that if the US Federal Reserve starts […]
The British pound sterling continues to appreciate against the US dollar. The current GBPUSD quote stands at 1.2765. The pound is gaining strength against the market signals. Bank of England governor Andrew Bailey expects the recent mortgage cost reduction will persist. As he mentioned yesterday, significant interest rate changes have occurred in the market over […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes have broken the 200-day Moving Average on H4 and are currently above it, which indicates a possible development of an uptrend. However, a divergence has formed on the RSI, signaling about a price decline. As a result, in this situation, a downward breakout of the 5/8 (146.09) […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has broken the 1.0966 level upwards and continues forming a growth structure to 1.1000. Once this level is reached, a decline link to 1.0966 is not excluded (a test from above). Right after that, another growth structure to 1.1010 could form. Next, a new decline wave to […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the 2060.00 level. Upon testing the resistance, the price could break this level and continue developing the uptrend. However, the quotes might correct to 2010.50 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2735 is expected, followed by a rise to 1.2885. The rise could be additionally confirmed by a rebound from the upper boundary of […]
The Australian dollar, paired with the US dollar, has entered positive territory. The current AUDUSD exchange rate stands at 0.6701. The Aussie has distanced itself from its four-week low. It achieved this even after the latest inflation statistics, which showed signs of cooling prices. In November, Australia’s Consumer Price Index (CPI) rose by 4.3% year-over-year, […]
The British pound sterling, paired with the US dollar, is holding in close proximity to the five-month peak. The current GBPUSD exchange rate stands at 1.2702. The market is confident that the Bank of England will initiate the interest rate-cut phase later than the US Federal Reserve. The baseline market forecast suggests that interest rates […]