Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD has left the borders of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0900 is expected, followed by a decline to 1.0660. An additional signal confirming the decline will be a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern next to the support level on H4. The instrument could now go by the reversal signal in an ascending wave. The growth target might be the resistance level at 1.0950. However, the quotes could correct to the 1.0825 level and continue the uptrend […]
The Australian dollar, paired with the US dollar, has reached its lowest level in four weeks. The current AUDUSD quote is 0.6606. The peak of the Aussie at 0.6900 is now a distant memory. The pause in AUD selling pressure may be due to the release of statistics from Australia. Fresh data demonstrate that May […]
The Japanese yen, paired with the US dollar, returned to weakening following a short pause. The current USDJPY quote is 144.45. The US dollar is edging closer to the 145-yen mark, which previously served as the basis for extensive currency interventions. They took place in September and October last year. However, these measures have not […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the support area. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.2665 is expected, followed by a decline to 1.2425. An additional signal confirming the decline will be a rebound from […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are under the 200-day Moving Average on H4, which indicates the prevalence of a downtrend. The RSI is nearing the resistance line. In this situation, a breakout of 2/8 (0.8972) is expected, followed by a decline to the support level of 0/8 (0.8911). The scenario can be […]
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 […]