Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3755. Next, the price could break the resistance and continue the uptrend. However, the quotes might correct to 1.3655 before rising. AUDUSD, […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes and the RSI on H4 are in their respective oversold areas. In this situation, a rebound from -1/8 (0.6317) could be expected, followed by a rise to the resistance at 1/8 (0.6378). The scenario can be cancelled by a rebound from -1/8 (0.6317). In this case, the […]
EURUSD, “Euro vs US Dollar” EURUSD has made a descending movement to 1.0500. By now, the market has formed a consolidation range and, escaping it downwards, continues developing the wave by the trend to 1.0408. Upon reaching this level, a link of correction to 1.0500 (with a test from below) is not excluded. Next, a […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0545 is expected, followed by a decline to 1.0335. An additional signal confirming the decline will be a rebound from the upper boundary of […]
The Japanese yen continues to devaluate against the US dollar. The current USDJPY exchange rate is 149.87. The Japanese government is prepared to take measures against the devaluation of its national currency, as stated by the Ministry of Finance. The authorities emphasise their commitment to maintaining control over the situation. These comments are regarded as […]
The Australian dollar is rapidly depreciating against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6324. During today’s meeting, the Reserve Bank of Australia left the interest rate unchanged at 4.1% per annum. In its comments, the RBA emphasised that there may be a need for future monetary policy tightening. This […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Engulfing reversal pattern near the resistance level. Currently, the quotes are going by the reversal signal in a descending wave. The decline target might be 1830.00. Upon testing the support level, the price could rebound from it and form an ascending wave. However, the quotes might […]
The BTC exchange rate on Monday climbed to 28,088 USD. The market has achieved all resistance levels outlined earlier. It is now essential to consolidate above 28,250 USD. A notable resistance level is at 28,500 USD, with a more ambitious upward target set at 30,000 USD. BTC saw an increase of 3.94% in September despite […]
The Japanese yen, paired with the US dollar, continues its decline. The current USDJPY exchange rate is 149.79. The primary reason for the weakening of the JPY exchange rate is the global difference in interest rates between the US Federal Reserve and the Bank of Japan. At the same time, the Japanese economy appears to […]
EURUSD, “Euro vs US Dollar” EURUSD has reached the estimated target of a declining wave at 1.0550. The structure of the last link implies the development of a new declining movement to 1.0460. After the price reaches this level, a consolidation range might form above it. An escape from the range upwards is expected, followed […]