Tag: Roboforex
Brent Brent quotes are on the 200-day Moving Average on H4, indicating a lack of any trend. The RSI is testing the resistance line. In this situation, a downward breakout of 2/8 (78.12) is expected, followed by a price decline to the support at 0/8 (75.00). The scenario could be cancelled by rising above 3/8 […]
The primary currency pair remains in a consolidation phase on Friday. The current EURUSD exchange rate stands at 1.0877. The US statistics released yesterday came out mixed, strengthening the market’s belief that the Federal Reserve does not probably need to reduce the interest rate now. Initial jobless claims decreased to 187 thousand over a week […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a decline structure to 1.0845. Today the market has corrected to 1.0888 (a test from below). Next, a new decline wave to 1.0838 is expected, after which a cosolidation range might form. With an escape downwards, the potential for a decline wave to 1.0733 could open. GBPUSD, […]
The Japanese yen, paired with the US dollar, continues declining. The current USDJPY exchange rate stands at 148.77. So, the yen has reached a new seven-week low. The decrease was provoked by verbal interventions by a high-ranking Japanese official. Shunichi Suzuki, the Japanese Minister of finance, has announced today that the authorities keep a close […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the support level. The instrument is going inside the Ichimoku Cloud, which suggests a sideways trend. A test of the upper boundary of the Cloud at 1.2715 is expected, followed by a decline to 1.2555. The decline could be additionally supported […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a decline wave to 1.0845. Today the market is forming a correction to the 1.0910 level (a test from below). Once the correction is over, a new decline wave to the 1.0838 level might begin. Next, a consolidation range might form; with a downward escape from the […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 200-day Moving Average and now rest above it, revealing the probability of an uptrend development. However, the RSI has reached the overbought area. As a result, a test of 6/8 (0.8667) is expected, followed by a rebound from this level and a decline to […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the resistance at 1.0960. However, the quotes might drop to 1.0850 and continue the uptrend after the correction. USDJPY, […]
The primary currency pair steadied on Thursday after a previous decline. The current EURUSD exchange rate stands at 1.0893. The flow of statistics published yesterday prompted the market to adjust its perspectives. In December, final inflation in the eurozone reached 2.9% y/y, marking a significant acceleration from the previous 2.4%. Although the data aligned with […]
The Australian dollar, paired with the US dollar, has temporarily ceased its descent. The current AUDUSD exchange rate stands at 0.6558. Australia presented a wealth of statistics on Thursday morning. The unemployment rate in December remained unchanged at 3.9%. However, the proportion of the economically active population has dropped significantly, from 67.3% to 66.8%. The […]