Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” USDCAD quotes have formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3130. Next, the price could break the support level and continue the downtrend. However, the quotes might correct to 1.3275 […]
Brent Brent quotes are in the overbought area on H4. The RSI has formed a divergence. As a result, in this situation a downward breakout of +1/8 (82.81) is expected, followed by a decline to the support level of 7/8 (79.69). The scenario can be cancelled by rising above the resistance at +2/8 (84.38), which […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.1030 is expected, followed by a decline to 1.0795. An additional signal confirming the decline will be a rebound from the lower boundary […]
EURUSD, “Euro vs US Dollar” EURUSD has reached the target of the first declining wave at 1.0950. Today a corrective wave might start. A consolidation range is currently forming at the lows around 1.0985. A link of growth to 1.1025 is expected, followed by a decline to 1.0985 (with a test from above). Next, an […]
The Australian dollar has stabilised against the US dollar. The current AUDUSD quote is 0.6804. The Aussie rebounded following the decision of the US Federal Reserve to raise the interest rate by 25 basis points to 5.5% per annum. The currency section did not receive a full range of positive signals; the US dollar declined […]
The major currency pair remains strong on Thursday. The current quote for EURUSD is 1.1110. The US Federal Reserve raised the interest rate by 25 basis points at its meeting yesterday, to 5.5% per annum – just as expected. Sentiment remained restrained. In its comments, the Fed noted that there is no expectation of an […]
EURUSD, “Euro vs US Dollar” EURUSD formed a consolidation range around 1.1057 and expanded it to 1.1117, exiting the range upwards. Today the quotes might rise to 1.1122 (with a test from below). After the price hits this level, a new wave of decline to 1.1020 could start. And if this level also breaks, the […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the oversold area on H4. The RSI is nearing the oversold area. In this situation, a test of -2/8 (0.8544) is expected, followed by a rebound from this level and a rise to the resistance at -1/8 (0.8667). The scenario can be cancelled by a […]
XAUUSD, “Gold vs US Dollar” Gold is correcting, forming a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 1965 is expected, followed by a rise to 2010. An additional signal confirming the rise will be a rebound from the […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 1965.50. Upon testing the support, the price might rebound and continue the uptrend. However, the quotes could rise to 1990.00 […]