Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target might be 1.3450. Next, the price could rebound from the resistance and extend the downtrend. However, the quotes could drop to 1.3340 without any […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0919. An escape from the range upwards could open the potential for a growth wave to 1.0945, from where the trend might continue to 1.1050. With an escape downwards, the potential for a further correction to 1.0882 might open, followed by a rise […]
The primary currency pair stabilised its position on Monday. The current EURUSD exchange rate stands at 1.0910. Volatility peaked on Thursday and Friday last week, driven by a mass of crucial statistics accumulated by the market. Now that the market has received all the necessary data, fluctuations are expected to diminish. The meetings of the […]
The Japanese yen, in the pair with the US dollar, appears just as strong on Monday. The current USDJPY exchange rate stands at 142.19. Market attention is shifting to the December meeting of the Bank of Japan scheduled for Tuesday this week. Monetary policy will likely remain unchanged. However, investors are actively discussing the possibility […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a correction to 1.0889. A growth link to 1.0949 is expected today. Practically, a consolidation range is forming around 1.0950. With an escape from the range upwards, the quotes could rise to 1.1050. With a downward escape, the potential for a price decline to 1.0770 might open. […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is nearing the support line. In this situation, a test of 1/8 (1.0864) is expected, followed by a rebound from this level and a price rise to the resistance at 2/8 (1.0986). […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing 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 1.2635 is expected, followed by a rise to 1.2885. An additional signal confirming the rise will be a rebound from […]
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 could be 2065.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could pull back to 2005.00 before growing. […]
The primary currency pair surged even higher on Friday. The current EURUSD exchange rate stands at 1.0990. The market is full of optimism and interest in risk, benefitting the EUR and reducing the attractiveness of the USD as a safe-haven asset. The December meeting of the European Central Bank ended neutrally, precisely as expected. The […]
The British pound sterling has risen to four-month highs against the US dollar. The current GBPUSD exchange rate stands at 1.2767. The Bank of England kept its monetary policy at the December meeting without any changes. The interest rate remained at 5.25% per annum. The market noticed that the British regulator spoke about prospects or […]