Tag: Roboforex
The British pound sterling, paired with the US dollar, hovers near a five-month peak. The current GBPUSD exchange rate stands at 1.2754. Previously released statistics confirmed that economic growth in the UK surpassed expectations in November. At the same time, it remained subdued over the last quarter. In November, the UK’s GDP rose by 0.3% […]
The primary currency pair is poised for growth on Friday. The current quote in EURUSD is 1.0975. The much-anticipated inflation data has been released. The official Consumer Price Index rose to 3.4% y/y in December from 3.1% last month. In a month-to-month comparison, the figure exceeded expectations, rising by 0.3%. Everything would be fine, but […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are below the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, the price is expected to break the 3/8 (0.8483) level downwards, followed by a decline to the support at 2/8 (0.8422). The scenario could […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.0997 and a correction to 1.0930. Today the market is forming a new growth structure to 1.1010. Upon reaching this level, a decline wave to the 1.0944 level is expected, from where the trend might continue to 1.0877. This is a local target. […]
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 […]