Tag: Roboforex
EURUSD, “Euro vs US Dollar” The currency pair has completed a correction at 1.1000. A new structure of decline to 1.0963 is forming today. If this level breaks downwards, the potential for a wave of decline to 1.0930 could open, from where the trend might continue to 1.0903. This target is the first one. GBPUSD, […]
The decline of the most traded currency pair is accelerating. The current EURUSD quote is 1.0930. The market is following the inflation reports from the US and China and making interim conclusions. The US CPI for April came in below expectations at 4.9% y/y. Monthly inflation rose by 0.4% as forecast. The core CPI rose […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is correcting after a rebound from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.3415 is expected, followed by a decline to 1.3195. An additional signal confirming the decline will be a rebound from […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed an Engulfing reversal pattern. The instrument is currently going by the reversal signal in an ascending wave. The pullback target could be 1.3420. Next, the price might rebound from this level and continue the downtrend. However, the price might drop to 1.3290 before correcting […]
The Australian dollar against the US dollar maintains a growth momentum. The current quote is 0.6766. The statistics from yesterday showed that retail sales in Australia increased by 0.4% m/m as expected. The business sentiment index in April rose slightly to 0 points from -1 point previously. Firstly, the AUD is finding a foothold in […]
EURUSD, “Euro vs US Dollar” The currency pair completed a wave of decline to 1.0940. Today the market has performed a link of correction to 1.0976. A new structure of decline is expected to develop to 1.0933. This is a local target. After the price reaches this level, a correction to 1.0933 could develop, followed […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating an uptrend’s prevalence. The RSI has broken the resistance line. In this situation, the quotes are expected to break the level of 4/8 (1.0986) and reach the resistance level of 6/8 (1.1108). The scenario can be cancelled by a […]
The most traded currency pair declined on Wednesday. The current EURUSD quote is 1.0970. Tensions on the market have been high in the last week while everyone was awaiting the Fed’s decision on the interest rate, followed by the expectation of the US labour market statistics for April. Market participants are now following the public […]
The BTC exchange rate fell to 27,621 USD on Wednesday. The loss of the leading cryptocurrency for the week is 3.4%. When interest in meme coins skyrocketed, the processes of conducting transactions in the BTC became so difficult that the Binance exchange decided to suspend them in an attempt to prevent long queues. This caused […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the lower border of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0985 is expected, followed by a decline to 1.0845. An additional signal confirming the decline will be a rebound from the […]