Tag: Roboforex
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI is approaching the support line. In this situation, a test of 5/8 (0.9094) is expected, followed by a rebound from it and a rise to the resistance at 7/8 (0.9216). The […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting after an attempt to break the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0535 is expected, followed by a decline to 1.0345. An additional signal confirming the decline will be a rebound from […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern near the support area. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target could be 1837.50. Upon testing the resistance, the price might rebound from this level and form a descending wave. However, the quotes could […]
The Japanese yen stabilised against the US dollar. The current USDJPY exchange rate stands at 149.27. The JPY quotes increased in response to news about talks on interventions. Last autumn, Japanese authorities intervened in currency trades when the yen dropped to 145.90 per US dollar. This time, the dollar managed to reach 150.11 JPY, but […]
The BTC exchange rate has declined to 27,390 USD by Wednesday. The flagship cryptocurrency struggled to secure above 28,250 USD. A significant resistance level stands at 28,500 USD, while a more ambitious target for a rise remains at 30,000 USD. To reach this level, the BTC needs a new strong impulse. The fundamental background appears […]
The British pound sterling against the US dollar continues to follow a downward trend. The current GBPUSD exchange rate stands at 1.2080. The rapid rise in US treasury bond yields is bolstering the USD, affecting riskier assets and strengthening the USD against major currencies. According to FedWatch, investors are expecting a Fed interest rate hike […]
EURUSD, “Euro vs US Dollar” EURUSD has made a declining movement to 1.0447. At the moment, the market is forming a consolidation range around 1.0465. With an escape from the range upwards, a link of correction to 1.0500 is not excluded. With a downward breakout of the range, the potential for a wave to 1.0408 […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 7/8 (149.21), subsequently reaching the resistance line at +1/8 (150.78). The scenario can be cancelled […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting within a Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2080 is expected, followed by a decline to 1.1965. An additional signal confirming the decline will be a rebound from the upper […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Inverted Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal pattern in an ascending wave. The pullback target could be the resistance at 1.0535. However, the quotes might drop to 1.0420 and continue the downtrend without testing the […]