Tag: Roboforex
The Australian dollar is declining against the US dollar. The current AUDUSD quote is 0.6667. According to the minutes of the last meeting of the Reserve Bank of Australia, at the meeting, the regulator considered the option of raising the interest rate by 25 basis points or making a pause. In the end, the interest […]
The most traded currency pair in the market has stabilised after the preceding decline. The current EURUSD quote is 1.0880. The focus of the market remains on the US public debt situation. Time is running out: by 1 June, the federal government will run out of money to pay for its spending. Congress returned to […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0890. Today the market is forming a consolidation range under this level. An escape from the range upwards and a structure of growth to 1.0920 are not excluded, followed by a decline to 1.0833. And if this level also breaks […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of 3/8 (0.6683) is expected, followed by a decline to the support level of 1/8 (0.6622). The scenario can […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the Tenkan-Sen line of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0905 is expected, followed by a decline to 1.0735. An additional signal confirming the decline will be a rebound from the […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be 1.3420. Next, the price has a chance to break the level and continue the downtrend. However, the quotes could correct to […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0844. Today the market is forming a consolidation range above this level. A structure of growth could develop to 1.0920, followed by a decline to 1.0833. If the price breaks the range upwards, the potential for a rise to 1.0950 […]
EURUSD, “Euro vs US Dollar” On H4, EURUSD quotes have broken the 200-day Moving Average and are now below it, indicating the development of a downtrend. However, the RSI has reached the oversold area. As a result, the pair is expected to break 2/8 (1.0864) and rise to the resistance at 5/8 (1.0925). The scenario […]
XAUUSD, “Gold vs US Dollar” Near the support level, gold has formed an Engulfing reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2040.00. Upon testing the resistance, the price might break it and continue the uptrend. However, the quotes could pull back to […]
The most traded currency pair in the market continues to retreat. The current quote in EURUSD is 1.0860. The US currency is in high demand as a safe haven asset. It is being heavily supported by rising US government bond yields. This came after Friday’s publication of statistics from the University of Michigan. The preliminary […]