Tag: Roboforex
The British pound sterling paired with the US dollar hit its lowest point in seven weeks. The current GBPUSD exchange rate stands at 1.2560. The market is actively reassessing its positions regarding the future actions of the Bank of England. Notably weak PMI statistics revealed that the country’s economy will not withstand any further tightening […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.2630 is expected, followed by a decline to 1.2410. An additional signal confirming the decline will be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of correction to 1.0875, beginning a new declining wave. Today the market has demonstrated a structure of the move to 1.0777. A link of growth to 1.0810 is not excluded (with a test from below). Next, a decline to 1.0750 could follow, from where the […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Doji reversal pattern near the resistance level. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1900.00. Upon testing the support, the price could break it and continue the downtrend. However, the quotes might pull back to […]
The BTC exchange rate retreated to 26,045 USD on Friday. Yesterday, the cryptocurrency market attempted some buying activity but failed. The support level for the flagship cryptocurrency stands at 25,150 USD, with a lower level at 23,350 USD. It is pointless to speculate on potential growth at the moment, as there are practically no buyers […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Engulfing reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target could be the resistance level at 1.0915. However, the price could drop to 1.0815 and continue its downward movement without pulling […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0880 is expected, followed by a decline to 1.0665. An additional signal confirming the decline will be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0818. Today the market is correcting this wave of decline. A link of growth to 1.0885 is not excluded, followed by a decline to 1.0795, from where the trend might continue to 1.0750. This is a local target. GBPUSD, “Great Britain Pound […]
The major currency pair’s position is unchanged on Thursday. The current EURUSD exchange rate stands at 1.0870. US statistics are mixed. For example, while the forecast was more optimistic, the preliminary services PMI from Markit showed a decline to 51.00 points in August against 52.30 points earlier. The manufacturing PMI, in turn, dropped to 47.00 […]
The British pound sterling paired with the US dollar initially declined on Thursday morning but stabilised later. The current GBPUSD exchange rate stands at 1.2717. The morning stress could be attributed to the execution of certain trading signals. Interestingly, this is the third time in the past couple of weeks that the pound slid down […]