Tag: Roboforex
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes have broken the 200-day Moving Average on H4 and are now hovering above it, which indicates the probable development of an uptrend. The RSI is testing the support line. In these circumstances, the quotes are expected to break the 5/8 (141.40) level and reach the resistance at […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.1090 is expected, followed by a decline to 1.0885. An additional signal confirming the decline will be a rebound from the lower boundary […]
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 1.1130. However, the quotes could correct to 1.1020 and continue the uptrend after the pullback. USDJPY, […]
The Australian dollar has stopped declining against the US dollar. The current AUDUSD quote is 0.6766. On the one hand, the Aussie’s position is still under a lot of pressure from the strong US dollar. On the other hand, the Australian economy is showing some signals of stabilisation, which could support the AUD. The preliminary […]
The major currency pair remains balanced on Tuesday. The current EURUSD quote is 1.1080. Yesterday’s released statistics revealed a mixed performance in the Eurozone. The preliminary PMI in the services sector for July decreased to 51.1 points from the previous 52.0 points. In the manufacturing sector, the indicator dropped to 42.7 points from 43.4 points […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI has broken the resistance line. In these circumstances, the quotes are expected to break the 7/8 (0.6774) level, reaching the resistance at 8/8 (0.6835). The scenario can be cancelled by a downward […]
EURUSD, “Euro vs US Dollar” EURUSD has completed another structure of decline to 1.1059. Today the market is forming a consolidation range above this level. The price is expected to exit downwards and continue this wave to the level of 1.1024. This is a local target. After the price reaches this level, a correction to […]
XAUUSD, “Gold vs US Dollar” Gold is correcting within a bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the Tenkan-Sen line at 1960 is expected, followed by a rise to 2005. An additional signal confirming the rise will be a rebound from the lower boundary of […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The correction target might be 1.3200. Next, the price might rebound from the resistance and continue the downtrend. However, the quotes could drop to 1.3120 without pulling […]
The price of BTC dropped even further on Monday, reaching 29,783 USD. The flagship cryptocurrency appears to be in a weak position for two main reasons. Firstly, there has not been any significant impulse on the platform to enable investors to take advantage of seasonal factors. The seasonal driver has lost its power, and a […]