Tag: Roboforex
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a downward breakout of 1/8 (0.6408) is expected, followed by a decline to the support level of 0/8 (0.6347). The scenario can be […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0815 is expected, followed by a decline to 1.0665. An additional signal confirming the decline will be a rebound from the lower boundary of the […]
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 might be 1.3670. Next, the price could break the resistance and continue the uptrend. However, a correction to 1.3570 before the rise is not […]
The BTC exchange rate is down to 25,997 USD on Monday. Over the week, the flagship cryptocurrency sagged by a symbolic 0.05%, essentially remaining flat. However, within the week, the price saw an upward movement but failed to sustain it. Investors failed to develop the buying momentum that formed after the positive court decision in […]
The major currency pair remained in a weak position on Monday, although it is attempting to correct itself. The current EURUSD exchange rate stands at 1.0780. The US released a significant set of crucial macroeconomic statistics last Friday. The data impressed investors and revived discussions about the future of interest rates in the US market. The […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1939.00. After testing the support, the price could rebound from it and continue the uptrend. However, the quotes might rise […]
EURUSD, “Euro vs US Dollar” EURUSD quotes and the RSI on their H4 charts are approaching their respective oversold areas. In this situation, a test of 0/8 (1.0742) is expected, followed by a rebound from this level and a rise to the resistance at 2/8 (1.0864). The scenario can be cancelled by a downward breakout […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after it broke a bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2615 is expected, followed by a decline to 1.2445. An additional signal confirming the decline will be […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a structure of a wave to 1.0770. Today the market is forming a consolidation range above this level. Escaping the range upwards, the price might form a link of growth to 1.0810. Exiting the range downwards, it might open the potential for a wave to 1.0740, from […]
The major currency pair declined on Friday. The current EURUSD exchange rate stands at 1.0840. The US dollar is experiencing increased demand due to the cautious approach taken by major central banks regarding their September interest rate decisions. The US dollar’s strong rally and its significant fluctuations can be exhausting for investors. As market observers […]