Tag: Roboforex
The Japanese yen, paired with the US dollar, is undergoing rapid depreciation. The current USDJPY exchange rate stands at 151.24. While our discussions about the yen have become more frequent than ever before, it is impossible to overlook the growing attention it is receiving. The JPY exchange rate devaluation has now reached a new level. […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. However, the RSI has reached the overbought area. As a result, in this situation, the quotes are expected to break the 5/8 (150.78) level downwards and fall to the support at 4/8 (150.00). The scenario […]
The price of BTC rose to 34,430 USD on Wednesday. Following the figures from the past week, the daily gain of 0.5% and a weekly increase of 0.8% may appear unimpressive. However, it is vital to keep in mind that a crucial moment is currently unfolding: the market is on standby, refraining from engaging in […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The pullback target might be 1.3840. Next, the price could rebound from the support level and continue the uptrend. However, the quotes could rise to 1.3935 […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a correction to 1.0673 and started to decline rapidly. The price has achieved the first target of 1.0557. Today a consolidation range is forming above this level. With an upward breakout, the price might rise to 1.0600 (a test from below). A downward breakout will open the […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a correction to 1.0633. A new fifth decline wave to 1.0125 could start now. Practically, the first structure of this wave is forming, targeting 1.0418. After the price reaches this level, it could correct to 1.0550 (a test from below) and then decline to 1.0277, from where […]
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold below the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0585 is expected, followed by a decline to 1.0425. An additional signal confirming the decline […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be 1965.00. After testing the support level, the price could rebound and develop an ascending wave. However, the quotes might rise to 2025.00 without a […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing a prevailing downtrend. The RSI has broken the support line. In this situation, the price is expected to test the 3/8 (0.6378) level, break it, and drop to the support at 2/8 (0.6286). The scenario can be cancelled […]
The Japanese yen paired with the US dollar is weakening again. The current USDJPY exchange rate stands at 150.11. The Bank of Japan left the interest rate unchanged at -0.10% per annum at today’s meeting, just as expected. At the same time, the central bank announced an increase in the flexibility of the yield curve […]