Tag: Roboforex

Dec 08
JPY: what a surge! Overview for 08.12.2023

The Japanese yen is strengthening its position against the US dollar. The current USDJPY exchange rate stands at 143.64. When we mentioned a couple of days ago that the yen was on the brink of significant movements, we could not have imagined that the Japanese national currency would rise so quickly and sharply. However, the […]

Dec 08
Ichimoku Cloud Analysis 08.12.2023 (GBPUSD, BRENT, NZDUSD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2615 is expected, followed by a decline to 1.2365. An additional signal confirming the decline will be a rebound […]

Dec 08
Japanese Candlesticks Analysis 08.12.2023 (XAUUSD, NZDUSD, GBPUSD)

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 remain at 2070.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could pull back to 2005.00 before […]

Dec 07
Japanese Candlesticks Analysis 07.12.2023 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0895. However, the price could correct to 1.0710 and extend the uptrend after testing the support. […]

Dec 07
Ichimoku Cloud Analysis 07.12.2023 (EURUSD, USDJPY, XAGUSD)

EURUSD, “Euro vs US Dollar” EURUSD is declining by a bearish impulse. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0785 is expected, followed by a decline to 1.0585. An additional signal confirming the decline will be a rebound from the upper boundary of […]

Dec 07
Murrey Math Lines 07.12.2023 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is nearing the resistance line. In this situation, a test of 4/8 (0.8789) is expected, followed by a rebound from this level and a decline to the support at 2/8 (0.8667). […]

Dec 07
USD is extremely strong. Overview for 07.12.2023

The primary currency pair fell on Tuesday. The current EURUSD exchange rate stands at 1.0760. Fans of the US currency are closely monitoring the US labour market statistics for November. The first data released yesterday was weak. ADP employment change figures increased by 103,000, while a rise of 130,000 was expected. The figure saw a […]

Dec 07
GBP has been falling for four days. Overview for 07.12.2023

The British pound sterling has dropped noticeably against the US dollar. The current GBPUSD exchange rate stands at 1.2549. The main reason for GBP’s decline is the incredible strength of the US dollar. Yesterday, the US released the ADP private payrolls for November, and the dollar managed to ignore weak statistics. This happened because a […]

Dec 06
Ichimoku Cloud Analysis 06.12.2023 (GBPUSD, XAUUSD, USDCAD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the resistance. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2620 is expected, followed by a decline to 1.2525. An additional signal confirming the decline will be a rebound from the upper boundary […]

Dec 06
EURUSD is going deeper down. Overview for 06.12.2023

The main currency pair on Wednesday continues falling. The current EURUSD exchange rate stands at 1.0793. Bulls in the USD are back on scene. At the same time, attention is focused not as much on the Fed’s interest rate but on the ECB’s rate. Earlier the ECB’s representatives mentioned that inflation in the eurozone was […]