Tag: Roboforex
The Australian dollar saw a moderate increase against the US dollar on Wednesday. The current AUDUSD exchange rate stands at 0.6589. Today the market analysed the Australian GDP statistics for Q3 2023. The economic increase did not live up to the expectations, demonstrating the slowest growth rate of the year. Calculated quarter by quarter, the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3500. Next, the price could break the support and continue the downtrend. However, the quotes might correct to 1.3615 before falling. AUDUSD, […]
USDJPY, “US Dollar vs Japanese Yen” The USDJPY quotes have broken the 0/8 (146.87) level on H4, exiting the oversold area. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 1/8 (147.65) and reach the resistance at 2/8 (148.43). The scenario could be cancelled by a […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, which reveals the prevalence of an uptrend. The RSI is approaching the oversold area. In this situation, a test of 3/8 (0.6530) is expected, followed by a rebound from this level and a rise to the resistance at 5/8 […]
EURUSD, “Euro vs US Dollar” /strong> EURUSD has secured above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0865 is expected, followed by a decline to 1.0725. An additional signal confirming the decline will be […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 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 rising. […]
On Tuesday, the Japanese yen is consolidating against the US dollar. The current USDJPY exchange rate stands at 147.12. The USDJPY pair will likely move differently on Friday, possibly dipping below the 146.00 mark. These expectations are tied to the release of US employment data, which could give grounds for further downward pullback of the […]
The Australian dollar, paired with the US dollar, is weakening as part of a correction. The current AUDUSD exchange rate stands at 0.6585. During today’s meeting, the Reserve Bank of Australia decided to keep the interest rate unchanged at 4.35% per annum, in line with the market consensus forecast. In its comments, the RBA noted […]
The primary currency pair appears relatively weak on Monday. The current EURUSD exchange rate stands at 1.0875. The market perceived the comments from Jerome Powell, the Fed’s chair, on future interest rates as too mild. He noted that insufficient or excessive stimulus risks are now more balanced. Investors considered Powell’s tone too cautious. According to […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has reached the oversold area. In this situation, a rebound from 5/8 (1.0864) is expected, followed by a rise to the resistance at 6/8 (1.0986). The scenario could be cancelled by a […]