Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.3515 is expected, followed by a rise to 1.3685. An additional signal confirming the rise will be […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Engulfing reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 1.3505. Next, the price could rebound from the support and continue the uptrend. However, the quotes might rise to 1.3610 without any […]
The BTC exchange rate looks weak on Wednesday, hovering around 26,015 USD. The cryptocurrency sector has suffered noticeably after the crash triggered by the Bitcoin Magazine publication. The BTC decline also pulled down key altcoins. Currently, the sector is still impacted by the bearish seasonal factor, and its transition to a bullish trend in early […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0833. Today the market is correcting this wave of decline. The correction target might be 1.0874 (with a test from below). After the correction will be over, a new wave of decline to 1.0816 could start. Next, a link of growth to […]
The British pound sterling paired with the US dollar found a foothold by the middle of the week. The current GBPUSD exchange rate stands at 1.2752. Strategically speaking, GBP is in a consolidation phase in a wide range. From a fundamental point of view, the pound’s positioning has improved slightly after investors’ risk appetite rose. […]
The major currency pair is under pressure on Wednesday. The current EURUSD exchange rate stands at 1.0860. The local news lull played against market stabilisation. In the absence of new drivers, investors are preoccupied with speculating on the Federal Reserve’s future moves regarding interest rates. While everyone is waiting for the Fed Reserve’s chair Jerome […]
The Japanese yen, paired with the US dollar, is once again ready for devaluation. The current USDJPY exchange rate stands at 146.05. Last week, the Japanese Ministry of Finance sent cautionary letters regarding the recent weakening wave of the Japanese Yen. It seems the ministry has transitioned to a new stage of intervention strategies: shifting […]
EURUSD, “Euro vs US Dollar” EURUSD has received support at 1.0875 and could extend the correction to 1.0933. Practically, a wide consolidation range continues developing around 1.0900. With the price exiting the range downwards, the wave of decline could continue to 1.0817, from where the trend might extend to 1.0733. This is a local target. […]
The market’s most traded currency pair regained equilibrium on Tuesday. The current EURUSD exchange rate stands at 1.0910. With the macroeconomic background neutral and the statistics calendar empty, investors are stabilising their expectations concerning the major currency pair. According to the Commodity Futures Trading Commission (CFTC), the volume of net short positions on the USD […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0935 is expected, followed by a decline to 1.0745. An additional signal confirming the decline will be […]