Tag: Roboforex
The Australian dollar paired with the US dollar is actively on the rise. The current AUDUSD exchange rate stands at 0.6837. The current prices represent a new five-month high. The market is delighted that the cooling of US inflation has bolstered expectations for monetary easing in 2024. Such forecasts have driven up commodity prices, providing […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The pullback target might be 1.3255. Next, the price could rebound from the resistance and continue the downtrend. However, the quotes might drop to 1.3115 without […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, revealing the probability of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of 3/8 (142.18) is expected, followed by a price decline to the support at 2/8 (140.62). The scenario could be […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1044. A correction link to 1.1025 is not excluded today. Next, the growth wave might extend to 1.1056. Once this level is reached, a correction to 1.0993 might start, followed by a rise to 1.1088. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, revealing the prevalence of an uptrend. A test of the upper boundary of the Cloud at 1.1015 is expected, followed by a rise to 1.1085. The growth could be additionally supported by […]
The main currency pair on Tuesday is growing. The current EURUSD exchange rate stands at 1.1023. The macroeconomic calendar is blank, apart from minor reports. There are no other developments either because the Catholic World partially continues its Christmas celebrations, and certain markets remain closed. The week before New Year is virtuous in its calmness. […]
The Japanese yen paired with the US dollar is stable on Tuesday. The current USDJPY exchange rate stands at 142.22. According to Kazuo Ueda, the Bank of Japan’s governor, the regulator will consider a shift away from monetary easing when control over inflation is ensured. If a virtuous cycle between wages and prices intensifies, and […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 2040.00. Upon testing the support, the price could rebound from this level and continue developing the uptrend. However, the price might rise to 2085.00 […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are nearing the overbought area on H4. A divergence formed on the RSI. In this situation, a test of 8/8 (0.6835) is expected, followed by a rebound from this level and a decline to the support at 5/8 (0.6652). The scenario could be cancelled by rising above […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a growth wave to 1.1040. Upon reaching this level, the quotes might form a corrective link to 1.0986 (a test from above). Next, a rise to 1.1055 is expected, possibly followed by a new decline wave to 1.0888. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD could […]