Tag: Roboforex
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern near the support level. Currently, the instrument is going by the reversal signal in a descending wave. The pullback target could be 1923.00. Upon testing the support, the price might rebound from the level and continue the uptrend. However, the quotes could […]
The Japanese yen in pair with the US dollar remains in a weak position. The current USDJPY exchange rate stands at 147.82. Much of the market’s attention is riveted on the potential interventions by the Bank of Japan and the government. Yesterday, one of the monetary policymakers, Takehiko Nakao, acknowledged the necessity for regulatory intervention. […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of growth to 1.0697. At the moment, the market is consolidating under this level. The consolidation range might extend to 1.0700. Next, a decline to 1.0655 could happen. And a breakout of this level could open the potential for a wave to 1.0608. After the […]
The major currency pair appears stable on Tuesday. The current EURUSD exchange rate stands at 1.0680. All the time that has passed since the meeting of the European Central Bank, the euro exchange rate has been trying to recover but has so far failed to do so. In fact, the euro has been maintaining a […]
EURUSD, “Euro vs US Dollar” EURUSD has rebounded from the resistance level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0725 is expected, followed by a decline to 1.0545. An additional signal confirming the decline will be a rebound from the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4 near the support level. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target could be the resistance level of 1.0720. However, the price could drop to 1.0625 and continue the downtrend without testing the […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are under the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI has broken the support line. In this situation, a test of the 1/8 (0.6408) level is expected, followed by its breakout and a decline to 0/8 (0.6347). The scenario can be […]
The Australian dollar, paired with the US dollar, is on its way to recovery. The current AUDUSD exchange rate stands at 0.6437. This morning, the minutes of the previous RBA’s meeting were published. It is mentioned in the document that the Reserve Bank of Australia considered a new hike in the interest rate by 25 […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a declining wave to 1.0631. By now, it has performed a link of growth to 1.0686. A decline to 1.0648 is expected today. Practically, a consolidation range is forming around this level. The range might then extend to 1.0700. Next, the price could drop to 1.0608 and […]
The Japanese yen is weakening again against the US dollar. The current USDJPY exchange rate stands at 147.74. The Bank of Japan will hold a regular meeting this week. Due to recent disappointing statistical data, the regulator is expected to keep all its main controls unchanged. It became known earlier that Japan’s GDP in Q2 […]