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. However, the RSI is in the overbought area, which could be a sign of a probable correction. In this situation, a downward breakout of 5/8 (145.31) is expected, followed by a decline […]
The major currency pair maintains relative stability on Wednesday. The current EURUSD exchange rate stands at 1.0910. Retail sales volume in the US in July increased by 0.7% month-on-month. The data exceeded expectations: forecasts suggested a 0.4% increase contrasting with the 0.2% upturn seen the previous month. On an annual basis, the index rose by […]
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 1.0965. However, the price might drop to 1.0860 and continue the downtrend without any pullback. USDJPY, […]
The BTC exchange rate dropped to 29,190 USD on Wednesday. The risks of the price testing the local low near 28,585 USD are still relevant. Critical support levels remain at 28,600 USD and 28,350 USD, with resistance at the 30,300 USD mark. The stability of the flagship cryptocurrency is crucial for a few more weeks […]
The Japanese yen paired with the US dollar is devaluing at a rapid pace. The current USDJPY exchange rate stands at 145.49. Due to the interest rate differential and monetary sentiment, the JPY exchange rate remains under significant pressure. This is occurring even amid a slight adjustment in the Bank of Japan’s monetary policy. Japan’s […]
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 lower boundary of the Cloud at 1.0980 is expected, followed by a decline to 1.0695. An additional signal confirming the decline will be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD finished a wave of correction at 1.0951. Today the market has performed an impulse of decline to 1.0898. At the moment, a consolidation range is forming above this level. The price is expected to exit the range downwards and extend the wave to 1.0850, from where the trend could […]
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 could be 1.3525. Next, the price might break the resistance and continue the uptrend. However, the quotes could pull back to 1.3400 before rising. […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are under the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is nearing the resistance line. In this situation, a test of 3/8 (0.6530) is expected, followed by a rebound from it and a decrease to the support at 1/8 (0.6408). The […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF has rebounded from the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 0.8755 is expected, followed by a rise to 0.8895. An additional signal confirming the rise will be a rebound from […]