Tag: Roboforex
The British pound sterling had fallen further against the US dollar by Wednesday. The current GBPUSD quote is 1.2340. After the UK released rather weak inflation statistics for April, investors stepped up the sale of the pound sterling. Yes, the CPI was below the 10% y/y threshold for the first time in eight months, and […]
The most traded currency pair looks weak on Wednesday. The current quote is 1.0740. The minutes of the last US Federal Reserve meeting held on 2-3 May, which were published yesterday, give signals of the regulator’s readiness to take action if the situation with the US public debt does not stabilise. The Fed is concerned […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a corrective wave to 1.0800. Today the market continues developing a wave of decline to 1.0730. After the price reaches this level, a consolidation range could form around it. It might later extend downwards to 1.0700. Next, a corrective rise to 1.0828 could form. GBPUSD, […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes have broken the 200-day Moving Average and are now above it, which indicates the probability of an uptrend development. The RSI is nearing the overbought area. In this situation, the quotes are expected to rise above 5/8 (0.9094) and reach the resistance level of 6/8 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2415 is expected, followed by a decline to 1.2235. An additional signal confirming the decline will be a rebound from the upper […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance level, EURUSD has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decrease target could be 1.0695. However, the price might correct to 1.0770 and continue the downtrend after testing the resistance. USDJPY, “US Dollar […]
The British pound looks neutral against the US dollar. The current GBPUSD quote is 1.2450. This morning’s statistics from the UK provided food for thought. Inflation fell to single digits for the first time in eight months. At the same time, the indices for services and base prices have risen at the fastest rate in […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Doji reversal pattern. Currently, the instrument could go by the reversal pattern in an ascending wave. The correction target might be 1.3555. Next, the price could rebound from this level and continue the downtrend. However, the quotes might drop to 1.3430 without testing […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are in the overbought area. The RSI has formed a divergence on its chart. In this situation, a downward breakout of +1/8 (138.28) is expected, followed by a decline to the support level of 7/8 (132.71). The scenario can be cancelled by breaking the resistance […]
The BTC is balancing near 26,741 USD on Tuesday. Yesterday, the leading cryptocurrency was feeling good and rising in value. However, the mood has changed today. But if we step back, we can see that strategically nothing is changing. The market is waiting and saving power until important news about the US national debt comes […]