Tag: Roboforex
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2655 is expected, followed by a rise to 1.2885. An additional signal confirming the rise […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 1.3620. Next, the price could break the resistance and continue the uptrend. However, the quotes could correct to 1.3500 before rising. AUDUSD, […]
The major currency pair shows stability on Wednesday. The current EURUSD exchange rate stands at 1.0867. Yesterday’s release of the US Consumer Confidence Index (CCI) for August by the Conference Board was disappointing. The index dropped to 106.10 points from the previous 117.00 points. The forecast had implied a decrease to only 116.00 points. These […]
The BTC exchange rate climbed to 27,434 USD on Wednesday. The daily gain was 5.26%. The cryptocurrency’s value started appreciating last night after the market heard about Grayscale’s victory in court. The judicial authorities ruled in favour of Grayscale in the company’s case against the US Securities and Exchange Commission (SEC). The lawsuit was filed […]
The British pound paired with the US dollar is consolidating after recently experiencing weakness. The current GBPUSD exchange rate stands at 1.2630. First, the US dollar’s pressure on the pound has eased., allowing the GBP to restore some positions. Second, inflation data has shown that the Bank of England might not need to raise the […]
EURUSD, “Euro vs US Dollar” EURUSD got supported at the level of 1.0783 and performed a link of growth to 1.0836. At a certain point, the market formed a consolidation range around this level. Exiting the range upwards, the market continued the corrective wave to 1.8900. Today it is forming a link of decline to […]
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 price is expected to rise above 6/8 (146.87) and continue growing to the resistance at 7/8 (148.43). The scenario can be […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the upper boundary of the descending channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper boundary of the Cloud at 1.0885 is expected, followed by a decline to 1.0705. An additional signal confirming the decline will be […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man reversal pattern near the resistance line. Currently, the instrument might go by the reversal signal in a descending wave. The decline target could be 1928.50. Upon testing the support, the quotes might rebound from it and continue the uptrend. However, the quotes could drop […]
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 is nearing the resistance line. In this situation, a test of 2/8 (0.6469) is expected, followed by a rebound from this level and a decline to the support at 0/8 (0.6347). […]