Tag: Roboforex
The Australian dollar, paired with the US dollar, has entered positive territory. The current AUDUSD exchange rate stands at 0.6701. The Aussie has distanced itself from its four-week low. It achieved this even after the latest inflation statistics, which showed signs of cooling prices. In November, Australia’s Consumer Price Index (CPI) rose by 4.3% year-over-year, […]
The British pound sterling, paired with the US dollar, is holding in close proximity to the five-month peak. The current GBPUSD exchange rate stands at 1.2702. The market is confident that the Bank of England will initiate the interest rate-cut phase later than the US Federal Reserve. The baseline market forecast suggests that interest rates […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting within a Triangle pattern. The instrument is going under the Ichimoku Cloud, revealing the prevalence of a downtrend. A test of the lower boundary of the Cloud at 1.0955 is expected, followed by a decline to 1.0785. The decrease could be additionally supported by a rebound from […]
AUDUSD, “Australian Dollar vs US Dollar” The AUDUSD quotes are above the 200-day Moving Average, revealing the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 6/8 (0.6713), subsequently reaching the resistance at 7/8 (0.6774). The scenario could be cancelled by a […]
EURUSD, “Euro vs US Dollar” EURUSD continues forming a consolidation range around 1.0944 without any obvious trend. With an escape from the range upwards, a correction could develop to 1.1010. With a downward escape, the potential for a decline wave to 1.0733 might open. This is the first target. GBPUSD, “Great Britain Pound vs US […]
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 1.1015. However, the price might drop to 1.0890 and continue the uptrend after the correction. USDJPY, […]
On Tuesday, the Australian dollar, paired with the US dollar, maintains a neutral stance, although the market finds this challenging. The current AUDUSD exchange rate stands at 0.6711. January began with stress and setbacks for the AUD, primarily due to inflation statistics in Australia. The CPI slowed, fuelling speculation that the Reserve Bank might soon […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above the 4/8 (1.0986) level and reach the resistance at 5/8 (1.1047). The scenario could be cancelled by […]
On Tuesday, the primary currency pair appears neutral. The current EURUSD quote is 1.0965. The market has finally found the equilibrium point after a notably volatile first week of January. During that week, investors urgently reassessed their forecasts about the future actions of the US Federal Reserve. Statistics on the employment market for December came […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a correction, reaching 1.1138. A new decline wave could follow, targeting 1.0763. The market has already completed the first impulse to 1.0940 and is in a consolidation phase around this level today. With an upward breakout, the price could correct to 1.1010. A downward breakout will open […]