Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern on H4 near the resistance level. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be the support level of 1.1085. However, the price could rise to 1.1240 and continue the uptrend without testing […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes have broken the 200-day Moving Average on H4 and are now below it, revealing a possible development of a downtrend. However, the RSI is already in the oversold area, indicating price growth. As a result, a test of 2/8 (139.06) is expected, followed by a rebound from […]
The BTC quotes on Wednesday rose to 30,575 USD. The flagship cryptocurrency has not yet used either seasonal cycles that favour a price increase or support from the US stock market. Investors seemingly save power for future purchases. However, the longer this pause drags on, the more chances there are for a price slump. The […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0970 is expected, followed by a rise to 1.1105. An additional signal confirming the rise will be a rebound from the upper boundary of […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The correction target could be 1.3260. Next, the price could rebound from it and continue the downtrend. However, the quotes might drop to 1.3170 without any correction […]
The New Zealand dollar looks positive against the US dollar. The current NZDUSD quote is 0.6224. The Reserve Bank of New Zealand left the interest rate at the level of 5.5% per annum at the meeting in July. In the comments, the RBNZ confirmed that previous decisions to raise the interest rate had caused the […]
The British pound sterling continues to gain weight against the US dollar. The current GBPUSD quote is 1.2931. The UK economy created 102,000 jobs in June, which is less than in May and clearly below the consensus forecast. The unemployment rate increased to 4.0% from 3.8% before. The claimant count change rose by 25.7 thousand […]
The British pound sterling is rallying against the US dollar. The current GBPUSD quote is 1.2884. GBP received strong support from the Bank of England. Yesterday the governor of the BoE Andrew Bailey delivered a speech confirming that the regulator was determined to fight inflation till the end. Bailey is influenced by policymakers and economists […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Long-Legged Doji near the support level. At this stage, the instrument is going by the reversal signal in a corrective wave. The growth target could be 1937.50. Upon testing the resistance, the price could have a chance for a rebound and the development of a downtrend. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2845 is expected, followed by a rise to 1.3035. An additional signal confirming the rise will be a rebound from the lower […]