Tag: Roboforex
The primary currency pair remains in a state of consolidation. The current EURUSD exchange rate stands at 1.0847. Friday’s statistics revealed that the core PCE price index in the US dropped to 2.9% year-over-year in December. It was 3.2% y/y in November, and the forecast suggested a decrease to 3.0%. This indicates that the inflation […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 1/8 (1.0803) level is expected, followed by a price decline to the support at 0/8 (1.0742). The scenario […]
The Japanese yen, paired with the US dollar, is firmly gripped in a sideways channel. The current USDJPY exchange rate stands at 148.07. Considering how volatile the yen usually is, the current state of affairs is surprising. The currency market is in a global state of consolidation. The US dollar is holding tight due to […]
EURUSD, “Euro vs US Dollar” EURUSD has found a foothold under the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0855 is expected, followed by a decline to 1.0685. An additional signal confirming the decline […]
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 […]