Tag: Roboforex
XAUUSD, “Gold vs US Dollar” Near the resistance level, the instrument has formed a Harami reversal pattern. The quotes are currently going by the reversal signal in a descending wave. The correction target could be 2015.00. After testing the support, the price could get a chance to rebound from it and go on by the […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a further price fall to the nearest support at 0/8 (0.8789) is expected. The scenario can be cancelled by rising above […]
The Australian dollar is using the impulse of growth efficiently, rising to its two-weeks highs against the US dollar. The current AUDUSD quote is 0.6732. Most probably, the AUD is supported by the weak dollar factor, while the fundamental background looks rather gloomy. The Reserve Bank of Australia has decreased expectations concerning inflation, wages, and […]
By Friday, the BTC has risen to 29,208 USD. The weekly growth of the leading cryptocurrency is modest, of just 0.77%. Overall, the technical picture looks to be to the bulls’ benefit if we do not focus too much on the correlation with the US stock market. To skyrocket, the buyers need to test 31,000 […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, the pair has formed a Hammer reversal pattern. The instrument is currently going by the reversal signal in an ascending wave. The growth target could be 1.1100. However, the price may correct to 1.1010 and continue the uptrend after testing the support. USDJPY, “US […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.3530 is expected, followed by a decline to 1.3345. An additional signal confirming the decline will be a rebound from […]
EURUSD, “Euro vs US Dollar” The currency pair completed a declining wave to 1.0985. Today the market has performed a link of growth to 1.1044. A consolidation range is forming around this level at the moment. If the price escapes the range upwards, it may rise to 1.1077. If the range breaks downwards, the potential […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, revealing the prevalence of an uptrend. The RSI has reached the oversold area. In this situation, a rebound from 6/8 (134.37) is expected, followed by growth to the resistance at 7/8 (135.93). The scenario can be cancelled by a […]
EURUSD increased noticeably overnight, having good reasons for it. The current EURUSD quote is 1.1090. The US Federal Reserve System raised the rate by 25 base points to 5.25% per annum, which was not unexpected. The unusual part was the Fed’s signals: it seems that the cycle of interest rate hikes is coming to an […]
EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around the level of 1.1040, and if the quotes escape the range upwards, the wave could continue to 1.1133. After reaching this level, a new declining wave to 1.1040 is expected. And if this level also breaks, the trend could continue to […]