Tag: Roboforex
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. The RSI, however, has reached the overbought area, indicating a possible correction. As a result, in this situation, a downward breakout of 6/8 (146.87) is expected, followed by a decline to the […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a corrective movement to 1.0707. Today the market is forming a consolidation range above this level. With an escape upwards from the range, a link of growth to 1.0756 is not excluded (with a test from below). Next, a decline to 1.0633 could follow, from where the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target could be the resistance level of 1.0770. However, the price might drop to 1.0690 and continue a downtrend without any correction. […]
The Australian dollar paired with the US dollar is losing weight on Tuesday. The current AUDUSD exchange rate stands at 0.6424. The Reserve Bank of Australia, in its recent meeting, kept the interest rate unchanged at 4.1% per annum. This is the third consecutive meeting where the rate has remained stable. Markets are confident that […]
The major currency pair appears weak today, Tuesday, just as it did yesterday. The current EURUSD exchange rate stands at 1.0792. The week started quietly, as US exchanges were not trading due to the Labor Day holiday. The macroeconomic calendar did not feature a lot of economic data. In September, the Sentix Investor Confidence Index […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a corrective movement to 1.0808. Today the market is forming a consolidation range under this level. With an escape from the range upwards, a link of growth to 1.0840 is not excluded. With an escape downwards, the potential for a wave to 1.0740 could open, from where […]
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 […]