Tag: Roboforex
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. […]
The primary currency pair is attempting to consolidate on Monday. The current EURUSD exchange rate stands at 1.0765. Despite morning attempts to achieve a balance, EURUSD appears as vulnerable as before. The Federal Reserve’s meeting is scheduled for this week and will last two days as usual, ending on Wednesday evening. The Fed is expected […]
The Japanese yen is correcting against the US dollar on Monday. The current USDJPY exchange rate stands at 145.50. Last week was a triumph for the yen, but its victory over the USD was most likely linked to market repositioning. The JPY exchange rate climbed to highs not seen since 7 August. The catalyst for […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Doji reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3535. Next, the price might break the support and continue the downtrend. However, the quotes could correct to 1.3635 before a decline. […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test of the Kijun-Sen line at 1.0795 is expected, followed by a decline to 1.0625. The decline could be additionally supported by a rebound from the upper boundary of the bearish channel. […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a decline wave to 1.0723. By now, the market has corrected to 1.0780. A consolidation range is forming under this level today. An escape from this range downwards to 1.0704 is expected. And with a breakout of this level downwards as well, the potential for a wave […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have reached the oversold area on H4. A convergence has formed on the RSI. In this situation, a rebound from 0/8 (1.0742) is expected, followed by a price rise to the resistance at 2/8 (1.0986). The scenario could be cancelled by a downward breakout of the support at […]