Tag: Roboforex
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 200-day Moving Average on H4 and rest below it, indicating an opportunity of a downtrend development. However, the RSI has formed a conversion that reveals price growth. As a result, a test of 4/8 (0.9033) is expected, followed by a breakout of the level […]
The British pound sterling paired with the US dollar has returned to a downward trend. The GBPUSD current exchange rate is 1.2130. Global risk aversion is weighing against the British currency. In the past few days, the UK has released a significant amount of economic data, with a focus on price-related parameters. The growth in […]
The primary currency pair came under pressure by Thursday. The current EURUSD exchange rate stands at 1.0530. The overall market sentiment since yesterday has been driven by risk aversion due to geopolitical complications and deteriorating macroeconomic signals, leading to renewed demand for the USD. The currently published statistics offer limited significant information. In September, the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD quotes have formed an Inverted Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3790. Next, the price might break the resistance and continue the uptrend. However, the quotes could correct to 1.3690 before […]
EURUSD, “Euro vs US Dollar” EURUSD has rebounded from 1.0593, making a movement to 1.0522 within a declining wave. A consolidation range s forming above this level today. The quotes could escape the range downwards, reaching 1.0502. Next, a link of correction to 1.0540 (with a test from below) and a decline to 1.0484 could […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured under the lower boundary of the Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.2145 is expected, followed by a decline to 1.1945. An additional signal confirming the decline will be a […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI on H4 are nearing the overbought area. In this situation, a test of 8/8 (150.00) is expected, followed by a rebound from this level and a decline to the support at 6/8 (148.43). The scenario can be cancelled by rising above 8/8 (150.00). In […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0575 is expected, followed by a rise to 1.0755. An additional signal confirming the rise will be a rebound from […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The pullback target might be 1920.50. Upon breaking the support, the price could rebound from it and continue the uptrend. However, the price might rise to 1965.00 without any […]
The Japanese yen, paired with the US dollar, strengthened yesterday but failed to maintain comfortable levels. The current USDJPY exchange rate stands at 149.67. Yesterday, Bloomberg reported that the Bank of Japan will likely discuss raising the price forecast for the financial year ending in March. This led to high volatility in the USDJPY pair, […]