Tag: Roboforex
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0859. Today the market is forming a consolidation range above this level. The range might extend to 1.0899. Next, a decline to 1.0821 could follow, from where the decline could continue to 1.0744. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues […]
Brent Brent quotes on H4 are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a rebound from 4/8 (75.00) is expected, followed by a decline to the support at 2/8 (71.88). The scenario can be cancelled by rising above the resistance […]
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 […]