Tag: Roboforex
The primary currency pair continues to rise moderately on Tuesday, but overall, investors have adopted a wait-and-see attitude. The current EURUSD exchange rate stands at 1.0895. There have been few statistics so far, prompting the market to keep a close eye on the euro and speculate about the prospects of the European Central Bank’s future […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4 near the support level. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0970. However, the quotes could drop to 1.0870 and extend the uptrend after the correction. USDJPY, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2705 is expected, followed by a rise to 1.2825. An additional signal confirming the rise will […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a correction. Today the price has reached the local target of this correction at 1.0908. A decline link to 1.0880 is expected, after which a new growth link to 1.0913 is expected. Once the correction is over, a new decline link to 1.0838 might start. GBPUSD, “Great […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of the 2/8 (1.0864) level is expected, followed by a price decline to the support at 1/8 (1.0803). The scenario might […]
EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above 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 1.0905 is expected, followed by a decline to 1.0775. The decline could be additionally supported […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Doji reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The correction target might be 1.3500. Next, the price could get the chance for a rebound from this level and further development of a downtrend. However, the […]
The Japanese yen, paired with the US dollar, has temporarily stopped to decline. The current USDJPY exchange rate stands at 148.04. The market is filled with uncertainty ahead of Tuesday’s Bank of Japan meeting. On the one hand, it is evident that the interest rate will remain negative – the assessment of inflation is still […]
The primary currency pair is strengthening on Monday. The current quote in EURUSD is 1.0904. The Federal Reserve currently resembles parents on a long journey with small children, constantly answering “Are we there yet?” This question pertains to the interest rate. Everyone expects the rate to change, but when exactly will it happen? Is it […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Doji reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be the 2005.00 level. After a test of the support, the price could rebound from this level and continue developing the uptrend. However, the quotes could […]