Tag: Roboforex
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 […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the 2070.00 level. Upon testing the resistance, the price might break it and continue developing the ascending wave. However, the quotes could correct to 2035.50 […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0955. A growth link to 1.0980 is expected today. If this level breaks upwards, the potential for a rise to 1.1010 might open. This is a local target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues developing a consolidation range around 1.2727. […]
EURUSD, “Euro vs US Dollar” EURUSD qutes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 4/8 (1.0986) and continue growing to the resistance at 5/8 (1.1047). The scenario could be cancelled […]
The primary currency pair appears neutral on Monday. The current EURUSD exchange rate stands at 1.0963. Previously released US statistics on the consumer price index alter the perspective on the US Federal Reserve’s future actions. Inflation in the country has accelerated to 3.4% y/y from the previous 3.1%. Core inflation has not provided significant signals. […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 144.65 is expected, followed by a rise to 147.85. The growth could be additionally supported by a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance level at 1.1030. However, the price could drop to 1.0920 and continue the uptrend after the correction. USDJPY, “US Dollar vs […]