Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, completing a correction wave at 1.0914 on the news. A consolidation range could form under this level today. With an escape from the range downwards, a decline wave to 1.0820 might develop. And if this level also breaks downwards, the potential for trend […]
The Japanese yen is rapidly rising against the US dollar on Thursday. The current USDJPY exchange rate stands at 141.62. A political scandal is unfolding in Japan, fuelling market expectations for a prompt monetary policy revision and providing an easy exit option from the current quantitative easing format. This could alleviate the cancellation of the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2605 is expected, followed by a rise to 1.2735. An additional signal confirming the rise might be a rebound from the lower […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The pullback target could be 1.3510. Next, the price might rebound from the resistance level and extend the descending wave. However, the quotes could drop to 1.3425 […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 5/8 (146.09) level is expected, followed by a decline to the support at 3/8 (142.18). The […]
The primary currency pair maintains equilibrium on Wednesday. The current EURUSD exchange rate stands at 1.0788. The US Federal Reserve’s two-day meeting will end today. Let us just wait for the facts, considering all predictions have already been made. Yesterday’s released US inflation statistics gave reasons for reflection. The consumer price index rose by 0.1% […]
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 2020.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could pull back to 1960.00 before growing. […]
The Japanese yen appears neutral against the US dollar on Wednesday. The current USDJPY exchange rate stands at 145.56. Morning releases show that the Tankan manufacturing business expectations index for Q4 in Japan has declined to 8 points from the previous 10 points, falling short of expectations. Conversely, the same index for the services sector […]
EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, finishing a growth wave at 1.0826. Next, the price completed a decline impulse to 1.0766. Today the market is forming a new consolidation range around 1.0788. With an escape upwards, the correction could continue to 1.0844. With an escape downwards, the potential for […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, revealing the prevalence of a downtrend. A test of the lower Cloud boundary at 1.0795 is expected, followed by a decline to 1.0655. The decrease might be additionally supported by a rebound from the upper boundary […]