Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD is testing the upper border of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0890 is expected, followed by a rise to 1.1125. An additional signal confirming the rise will be a […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Inverted Hammer reversal pattern near the support level. Currently, the instrument might go by the reversal signal in a corrective wave. The growth target could be 1925.00. Upon testing the resistance level, the price could rebound from it and continue the downtrend. However, the quotes might […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are in the overbought area on H4. The RSI has formed a divergence. As a result, a downward breakout of 8/8 (143.75) is expected, followed by a decline to the support level of 7/8 (142.18). The scenario can be cancelled by rising above the resistance level of […]
EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around 1.0890 and suggests developing yet another link of growth to 1.0951 with an escape from the range upwards. After the price reaches this level, a new wave of decline to 1.0840 could begin. And when this level also breaks downwards, the […]
The Japanese yen has taken a pause in the devaluation process against the US dollar. The current USDJPY quote is 143.47. The news flow is neutral, and market reactions are subdued. However, there is something worth paying attention to. Japan has reappointed Masato Kanda as vice finance minister for international affairs for another year. He […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern on H4 near the support level. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the resistance level at 1.1000. However, the price could correct to 1.0855 and continue the uptrend after the test […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the signal lines of the indicator. The instrument is going inside the Ichimoku Cloud, which suggests sideways dynamics. A test of the lower border of the indicator at 1.2680 is expected, followed by a rise to 1.2970. A signal confirming the rise will be […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has broken the 200-day Moving Average on H4 and is above the line now, revealing the probable development of an uptrend. The RSI is testing the resistance line. As a result, a test of 7/8 (0.6774) is expected, followed by a breakout and a rise to the resistance […]
The market’s most traded currency pair is rising on Tuesday. The current EURUSD quote is 1.0930. The macroeconomic calendar did not give the market any reasons for currency movements at the beginning of the week. The background was subdued, allowing investors a short pause. Things are about to change today. This morning has already given […]
The Australian dollar is consolidating after a crash against the US dollar. The current AUDUSD quote is 0.6685. After the decisive steps made by the RBA, investors are pausing to sort out their portfolios and calm down their nerves. All the important statistics have already been published, so it is time to account for it […]