Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.0986. A consolidation range is now forming under this level. With an escape from the range downwards, the quotes might correct to 1.0936. After the correction is over, a growth wave to 1.1011 could start. This is a local target. GBPUSD, “Great Britain […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, which reveals the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a test of 3/8 (142.18) is expected, followed by a breakout from it and a decline to the support at 2/8 […]
The Australian dollar is noticeably appreciating against the US dollar. The current AUDUSD exchange rate stands at 0.6772. Aussie has been on the rise for six consecutive days. In November, Australia’s leading economic indicator index from MI increased by 0.1% m/m, following a zero value in October. The National Bank of China decided to keep […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Engulfing reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target might be the support at 1.0915. However, the price could rise to 1.1070 and continue the uptrend without testing the support. […]
On Wednesday, the primary currency pair sustained gains from the previous evening. The current EURUSD exchange rate stands at 1.0970. Inflation in the eurozone is finally decreasing and is doing so with confidence. In November, the CPI dropped by 0.6% m/m, according to the final calculation. Year-on-year, inflation decreased to 2.4%, meeting expectations. A month […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2690 is expected, followed by a rise to 1.2895. An additional signal confirming the rise will be a rebound […]
The primary currency pair remains in a consolidation phase by Tuesday. The current EURUSD exchange rate stands at 1.0921. The foreign exchange market is still busy considering the information received last week, from the key regulators’ decisions to a block of significant statistics. The main focus is on the global expectation of monetary easing in […]
The Japanese yen is compelled to decline against the US dollar on Tuesday. The current USDJPY exchange rate stands at 143.50. The Japanese yen is falling because the Bank of Japan is doing none of what the market expects from it. The December meeting was utterly formal. The CB maintained its ultra-soft credit and monetary […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0885 is expected, followed by a rise to 1.1065. An additional signal confirming the rise will be a rebound from the lower boundary of […]
AUDUSD, “Australian Dollar vs US Dollar” The AUDUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. However, a divergence is forming on the RSI. As a result, in this situation, a test of 7/8 (0.6774) is expected, followed by a rebound from this level and a decline to […]