Tag: Roboforex
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 correction target might be 1.3360. Next, the price might have a chance to rebound from it and continue the downtrend. However, the quotes could drop to […]
EURUSD, “Euro vs US Dollar” EURUSD has broken 1.0920 downwards and continues developing a structure of decline to 1.0880. After the quotes reach this level, a link of growth to 1.0920 is not excluded (a test from below). Next, a decline to 1.0857 is expected, from where the wave could continue to 1.0750. This is […]
The major currency pair maintains upward momentum on Wednesday. The current EURUSD quote is 1.0950. President of the European Central Bank Christine Lagarde stated the day before that the ECB is unlikely to be able to declare achieving peak interest rates and the end of the interest rate hike cycle soon. Thus, the foreign exchange […]
The Australian dollar is rapidly declining against the US dollar on Wednesday. The current AUDUSD quote is 0.6643. The Aussie is aiming at its three-week lows today as investors receive confirmation of the Reserve Bank of Australia’s intention to pause its tight monetary policy cycle. The Australian inflation statistics for May prove this development. The […]
EURUSD, “Euro vs US Dollar” The currency pair has corrected to 1.0970. A decline to 1.0903 is expected today. And if this level also breaks downwards, the potential for a decline to 1.0855 could open, from where the trend might continue to 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has corrected […]
The BTC is hovering around 30,424 USD on Wednesday. Investors are still waiting for positive momentum to drive their buying decisions. The correlation with the US stock market is still low due to the high volume of domestic news. The longer the period of consolidation in BTC lasts, the higher the chances of a slight […]
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 […]