Tag: Roboforex
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). […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Gravestone Doji reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be the support at 1.0775. However, the price could rise to 1.0850 and continue the downtrend after the correction. […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a new structure of correction to 1.0836. Today the market is developing a structure of decline to 1.0790. And with a downward breakout of this level the potential for a decline to 1.0740 could open, from where the trend could continue to 1.0700. This is a local […]
The Japanese yen paired with the US dollar has suspended the wave of devaluation. The current USDJPY exchange rate stands at 146.47. The US dollar’s strong position on the global stage, driven by the Federal Reserve’s inclination towards further interest rate increases, is exerting pressure on the JPY. In contrast to the Fed’s approach, the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Kijun-Sen line at 1.2645 is expected, followed by a decline to 1.2460. An additional signal confirming the decline will be a rebound from the upper […]