Tag: Roboforex
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 be 2020.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could pull back to 1960.00 before growing. […]
The Japanese yen appears neutral against the US dollar on Wednesday. The current USDJPY exchange rate stands at 145.56. Morning releases show that the Tankan manufacturing business expectations index for Q4 in Japan has declined to 8 points from the previous 10 points, falling short of expectations. Conversely, the same index for the services sector […]
EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, finishing a growth wave at 1.0826. Next, the price completed a decline impulse to 1.0766. Today the market is forming a new consolidation range around 1.0788. With an escape upwards, the correction could continue to 1.0844. With an escape downwards, the potential for […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, revealing the prevalence of a downtrend. A test of the lower Cloud boundary at 1.0795 is expected, followed by a decline to 1.0655. The decrease might be additionally supported by a rebound from the upper boundary […]
The Australian dollar paired with the US dollar is gaining strength on Tuesday. The current AUDUSD exchange rate stands at 0.6593. Morning statistics from Australia revealed a mixed picture. The Westpac consumer sentiment index rose by 2.7% in December, rebounding from a previous decline of 2.6%. This is good news and is likely based on […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has broken the trendline. In this situation, the price is expected to rise above 4/8 (0.6591) and later reach the resistance at 6/8 (0.6713). The scenario could be cancelled by a […]
The primary currency pair on Tuesday is stuck in place. The current EURUSD exchange rate stands at 1.0765. Today marks the beginning of a two-day meeting of the Federal Reserve System. The decision on the interest rate will be neutral – the rate will remain at 5.50% per annum. However, all attention will be focused […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0770. After an escape upwards, a correction link to 1.0800 might follow. With an escape downwards, the potential for a decline wave to 1.0705 could open. Provided this level also breaks, the trend might continue to 1.0600. This is the first target. GBPUSD, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the support level. The instrument is going under the Ichimoku Cloud, which implies a downtrend. A test of the lower boundary of the Cloud at 1.2605 is expected, followed by a decline to 1.2365. The decrease could be additionally supported by […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance at 1.0870. However, the price might correct to 1.0715 and continue the uptrend upon testing the support. […]