Tag: Roboforex
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are under the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI has rebounded from the resistance line. In these circumstances, a test of 4/8 (0.6591) is expected, followed by a breakout and a decline to the support at 3/8 (0.6530). The scenario […]
The Australian dollar witnessed a renewed decline against the US dollar on Tuesday. The current AUDUSD quote is at 0.6653. The Reserve Bank of Australia (RBA) kept the interest rate unchanged at 4.1% per annum, marking the second pause in the monetary policy structure this year. The board of directors was said to need more […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the upper border of the descending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0915 is expected, followed by a decline to 1.0715. An additional signal confirming the decline will be a […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal pattern in an ascending wave. The correction target could be 1.3350. Next, the price might rebound from this level and continue the downtrend. However, the quotes could drop to 1.3175 without any […]
The BTC exchange rate rose to 30,704 USD on Monday, with the flagship cryptocurrency gaining 1.4% during the week. Overall, last week was a relatively calm one for BTC. From a fundamental perspective, the crypto sector has strong support from large funds. Previously, news emerged that Fidelity had filed another application with the SEC to […]
The main currency pair looks stable on Monday. The current quote in EURUSD is 1.0910. According to previously released data, the Core Personal Consumption Expenditure (Core PCE) price index in the US rose 0.3% m/m in June against a forecast increase of 0.2% and a previous rise of 0.4%. On a year-on-year basis, the increase […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of growth to 1.1001. The market has formed a consolidation range under this level and today is being pushed down to its lower border. With an escape from the range downwards, the potential for yet another wave of decline to 1.0570 could open. After the […]
EURUSD, “Euro vs US Dollar” EURUSD on H4 is above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI has broken the resistance line. In this situation, the price is expected to break the level of 3/8 (1.0925) and rise to the resistance level of 5/8 (1.1074). The scenario can be cancelled […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the resistance level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.2685 is expected, followed by a decline to 1.2440. An additional signal confirming the decline will be a rebound […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern near the support level. The instrument is now going by the reversal signal in a corrective wave. The growth target might be 1930.00. Upon testing the resistance, the price could rebound from it and continue the downtrend. However, the quotes could drop to […]