Tag: Roboforex
The primary currency pair appears neutral on Friday. The current EURUSD exchange rate stands at 1.0832. Despite generally positive statistics earlier in the week, the US data disappointed yesterday, dampening market optimism. It all began with an employment market report. Initial jobless claims increased sharply over the week, reaching 231 thousand, while the indicator stood […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0855. The market has just extended the range to 1.0894. Today the range could drop to 1.0813. Next, a link of growth to 1.0855 could follow (with a test from below). Next, a decline to 1.0787 might form. This is a local target. […]
Brent Brent quotes are below the 200-day Moving Average on H4, indicating the predominance of a downtrend. However, the RSI is in the oversold area. Currently, the quotes are expected to rise above the 1/8 (78.12) level, subsequently reaching the resistance level of 8/8 (4375.0). The scenario can be cancelled by a downward breakout of […]
EURUSD, “Euro vs US Dollar” EURUSD has found a foothold under the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.0765 is expected, followed by a rise to 1.0985. An additional signal confirming the rise will be a rebound […]
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 […]