Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD qutes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 4/8 (1.0986) and continue growing to the resistance at 5/8 (1.1047). The scenario could be cancelled […]
The primary currency pair appears neutral on Monday. The current EURUSD exchange rate stands at 1.0963. Previously released US statistics on the consumer price index alter the perspective on the US Federal Reserve’s future actions. Inflation in the country has accelerated to 3.4% y/y from the previous 3.1%. Core inflation has not provided significant signals. […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 144.65 is expected, followed by a rise to 147.85. The growth could be additionally supported by a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance level at 1.1030. However, the price could drop to 1.0920 and continue the uptrend after the correction. USDJPY, “US Dollar vs […]
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 […]