Tag: Roboforex
The BTC price is hovering around 29,216 USD on Wednesday. Currently, the flagship cryptocurrency appears weak, having lost 3% over the week, resulting in a moderate overall sentiment. Intermediate supports are located near the levels of 29,050 USD and 28,600 USD. The upper boundary of the range is at the 31,150 USD resistance line. Unless […]
The Australian dollar, paired with the US dollar, is once again facing pressure. The current AUDUSD quote is 0.6759. The Aussie’s volatility is drawing attention. On one hand, a strong US dollar exerts pressure on the AUD. On the other hand, China is sending quite positive signals. Today’s statistics revealed that inflation in Australia for […]
The major currency pair remains in a neutral position on Wednesday. The current EURUSD quote is 1.1050. The two-day meeting of the US Federal Reserve System concludes tonight. Regarding the interest rate, the outlook is relatively clear: there will be a 25-basis point increase, bringing the borrowing cost to 5.5% per annum. However, the real […]
EURUSD, “Euro vs US Dollar” EURUSD has reached the local target of a declining wave at 1.1020. The market is consolidating above this level today. A link of growth to 1.1070 is expected to develop, followed by a drop to 1.1046. Next, the pair could rise to 1.1100, from where the correction might expand to […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes have broken the 200-day Moving Average on H4 and are now hovering above it, which indicates the probable development of an uptrend. The RSI is testing the support line. In these circumstances, the quotes are expected to break the 5/8 (141.40) level and reach the resistance at […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.1090 is expected, followed by a decline to 1.0885. An additional signal confirming the decline will be a rebound from the lower boundary […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.1130. However, the quotes could correct to 1.1020 and continue the uptrend after the pullback. USDJPY, […]
The Australian dollar has stopped declining against the US dollar. The current AUDUSD quote is 0.6766. On the one hand, the Aussie’s position is still under a lot of pressure from the strong US dollar. On the other hand, the Australian economy is showing some signals of stabilisation, which could support the AUD. The preliminary […]
The major currency pair remains balanced on Tuesday. The current EURUSD quote is 1.1080. Yesterday’s released statistics revealed a mixed performance in the Eurozone. The preliminary PMI in the services sector for July decreased to 51.1 points from the previous 52.0 points. In the manufacturing sector, the indicator dropped to 42.7 points from 43.4 points […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI has broken the resistance line. In these circumstances, the quotes are expected to break the 7/8 (0.6774) level, reaching the resistance at 8/8 (0.6835). The scenario can be cancelled by a downward […]