Tag: Roboforex
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be 1970.00. Upon testing the support, the quotes might rebound from this level and continue developing the ascending wave. However, the quotes could rise to […]
The main currency pair is correcting its positions on Thursday. The EURUSD exchange rate currently stands at 1.0832. Industrial production in the eurozone in September dropped by 1.1% m/m, proving to be weaker than expected (-0.9%). The index had risen by 0.6% the previous month. Logically, the production sector is facing challenges due to high […]
The British pound sterling paired with the US dollar is experiencing a decline on Thursday. The current GBPUSD quote stands at 1.2391. The UK continues to report its success in mitigating price pressure. The consumer price index decreased to 4.6% y/y in October, down from the previous 6.7%. Last month, core inflation fell to 5.7% […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF has broken the 200-day Moving Average on H4, indicating a possible development of a downtrend. However, the RSI is already in the oversold area. As a result, the quotes are expected to rise above 2/8 (0.8911), reaching the resistance level of 3/8 (0.8977). The scenario can be cancelled […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a declining momentum at 1.0860 and a correction to 1.0868. Today the market is making a movement within a decline wave to 1.0790. After the price reaches this level, a rising link to 1.0829 is not excluded (with a test from below). Next, a decline […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be the support level of 1.0800. However, the price might rise to 1.0910 and continue the uptrend without testing […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud suggesting a downtrend. A test of the Kijun-Sen line is expected at 1.2355, followed by a rise to 1.2580. An additional signal confirming the growth could be a rebound from the […]
The Australian dollar rose steadily against the US dollar by Wednesday. The current AUDUSD exchange rate stands at 0.6500. The surge was mainly fuelled by the decline of the US dollar in the global currency market after the release of the October inflation report. This morning, China released a block of economic statistics that bolstered […]
The BTC exchange rate fell to 35,560 USD by Wednesday. From a technical standpoint, the 38,000 USD mark remains relevant for buyers in the medium term, with the next target located at 42,000 USD. For growth to resume, the market needs to maintain equilibrium within the range of 35,000-37,000 USD. Currently, a technical correction has […]
The major currency pair is holding firm, having reached ten-week peaks on Wednesday. The current EURUSD exchange rate stands at 1.0880. The market experienced significant turbulence yesterday evening, triggered by the release of US price reports. The Consumer Price Index for October turned out to be zero month-on-month compared to the forecasted rise of 0.1% […]