Tag: Roboforex
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 […]
The Japanese yen has become much stronger against the US dollar. The current USDJPY exchange rate stands at 146.83. The yen’s rapid and assertive performance took many by surprise. The fundamental outlook for the Japanese national currency appears mixed without apparent positive factors. Last weekend, the Bank of Japan Policy Board provided a clear commentary: […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2665 is expected, followed by a rise to 1.2915. An additional signal confirming the rise will […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer 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 1.0970. However, the price could correct to 1.0825 and continue the uptrend after testing the support. […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The correction target could be 1.3575. Next, the price might have a chance for a rebound from the resistance level and further development of the downtrend. […]
Brent Brent quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is testing the support line. In this situation, a test of 1/8 (78.12) is expected, followed by a breakout of this level and a decline to the support at 0/8 (75.00). The scenario could be cancelled […]
The primary currency pair retreated lower by Friday. The current EURUSD exchange rate stands at 1.0904. Excessive market emotions are gradually subsiding. In October, Americans’ earnings increased by 0.2% m/m, following a previous 0.4% m/m growth. This result was expected. Spending also rose by 0.2% m/m after a 0.7% increase in September. These average results […]