Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD is testing the resistance area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0745 is expected, followed by a rise to 1.0925. An additional signal confirming growth will be a rebound from the lower border of the bullish […]
EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around the 1.0730 level and, exiting it upwards, continued developing a wave of correction. Today, the market reached the 1.0786 level. A narrow consolidation range is expected to form at these highs. With an exit downwards, a link of decline to the […]
The British pound sterling is up again against the US dollar. The current GBPUSD quote is 1.2454. While the US dollar has retreated locally, the pound is trying to rise higher. According to the report of the Organization for Economic Cooperation and Development (OECD), the UK expects the highest inflation among the G7 countries in 2023. Thus, […]
EURUSD, “Euro vs US Dollar” The currency pair failed to break the level of 1.0677 and secure below it. The market has returned to 1.0703 and, breaking this level upwards, suggests continuing the correction to 1.0740. After it reaches this level, a new wave of decline could develop to 1.0620. GBPUSD, “Great Britain Pound vs […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Engulfing reversal pattern near the support level. Currently, the instrument might go by the reversal signal in a corrective wave. The growth target could be 1958.50. Upon testing the resistance level, the price might rebound from it and continue the downtrend. However, the quotes could drop […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.2410 is expected, followed by a rise to 1.2620. An additional signal confirming the rise will be […]
The Australian dollar, in the pair with the US dollar, remains in an uptrend. The current AUDUSD quote is at 0.6672. At the same time, the news from the Australian side is not cheerful at all. The country’s GDP grew by 0.2% quarter-on-quarter in Q1 2023. This is the weakest quarterly growth since September 2021. […]
The British pound sterling has reversed down against the US dollar. The current GBPUSD quote is 1.2409. Fresh statistics from Halifax show that property prices in the UK have fallen for the first time since 2012. According to the May data, average real estate prices have dropped by 1.0% y/y. The decrease in housing prices […]
The market’s most traded currency pair is moderately retreating on Wednesday. The current EURUSD quote is 1.0690. The EUR felt some pressure following comments by Isabel Schnabel of the European Central Bank. She noted that an ECB rate hike might take longer than expected to have an impact on the economy. With the current skills […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0666 and a correction to 1.0700. Today the market continues developing a structure of decline to 1.0632. After it reaches this level, a link of growth to 1.0666 (a test from below) will not be excluded, followed by a decline […]