Tag: Roboforex
Brent Brent quotes are under the 200-day Moving Average in H4, which indicates the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a test of 4/8 (87.50) is expected, followed by a rebound from this mark and a decline to the support at 2/8 (84.38). The scenario can be […]
The Australian dollar, paired with the US dollar, has reached a three-week high. The current AUDUSD exchange rate stands at 0.6422. The Aussie managed to recover after the US Federal Reserve kept the interest rate unchanged at 5.50% per annum for the second consecutive time. The market’s reasoning is as follows: US interest rates have […]
The primary currency pair remains in equilibrium on Thursday. The current EURUSD exchange rate stands at 1.0599. So, the US Federal Reserve held a meeting where it made all the necessary monetary decisions. The interest rate remained at 5.50% per annum, as expected. However, the comments of the Fed Chair Jerome Powell did not come […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has found a foothold above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Tenkan-Sen line at 0.6385 is expected, followed by growth to 0.6535. An additional signal confirming the rise could be a […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. The RSI is testing the support line. In this situation, a rebound from 4/8 (0.9033) is expected, followed by a price rise to the resistance at 6/8 (0.9155). The scenario can be […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a declining wave to 1.0516. By now, it has also performed a rising impulse to 1.0565. A consolidation range has formed around this level, and with an escape upwards the market extends a structure of growth to 1.0616. Upon reaching this level, the quotes might drop to […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Inverted Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal pattern in an ascending wave. The growth target could be the resistance at 1.0665. However, the price might correct to 1.0570 and continue the uptrend after a pullback […]
The British pound, paired with the US dollar, is trending lower. The current GBPUSD exchange rate stands at 1.2136. A British retail trade consortium reported yesterday that inflation in UK stores is on a declining trend. In September, the inflation rate reached 5.2%, marking the fifth consecutive month of decline. The last time such a […]
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 […]