Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD has performed a declining movement to 1.0701. Today the market is forming a consolidation range above this level. With an escape from the range upwards, a link of growth to 1.0755 (with a test from below) is not excluded, followed by a decline to 1.0630, from where the trend […]
The Japanese yen, paired with the US dollar, remains weak. The current USDJPY exchange rate stands at 147.52. From January this year until now, the yen has depreciated by more than 12%. The US Dollar easily gains ground against the JPY without encountering resistance. When might the yen have a chance for recovery? This depends […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting within a Triangle pattern. 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 1.0605. An additional signal confirming the decline will be a rebound from the […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Engulfing reversal pattern near the support level. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 1930.00. Upon testing the resistance level, the price could break it and continue the uptrend. However, the quotes might pull back […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI is in the overbought area, giving hints on a possible price correction. In this situation, a downward breakout of 6/8 (0.8911) is expected, after which the price might drop to the support […]
The Australian dollar, paired with the US dollar, is plummeting. The current AUDUSD exchange rate stands at 0.6365. The Aussie is updating lows last seen in November 2022 as market participants continue to analyse earlier data. Australia’s trade balance surplus in July decreased to its lowest point in 17 months. The report shows that imports […]
The Japanese yen, paired with the US dollar, is undergoing an active phase of devaluation. The current USDJPY exchange rate is 147.41. The current levels for the yen are the lowest in the past 10 months. Overall, the yen has lost more than 12% of its value since the beginning of the year. The primary […]
The BTC exchange rate dropped to 25,737 USD on Wednesday. Over the past week, the flagship cryptocurrency has lost 6.26%, with bearish trends in the last 24 hours contributing to most of the impact. Support for BTC is at the level of 25,150 USD. This mark is gaining importance as sellers become more active. The […]
The Australian dollar, paired with the US dollar, had declined even further. The current AUDUSD exchange rate stands at 0.6383. Today’s levels for the Aussie are the lowest since November 2022. The Australian dollar is weakening despite the release of relatively strong Q2 GDP data for Australia. The AUD is facing a downturn in the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the support level. The instrument is going below the Ichimoku Cloud, which implies a downtrend. A test of the Kijun-Sen line at 1.2585 is expected, followed by a decline to 1.2415. An additional signal confirming the decrease might be a rebound […]