Tag: Roboforex
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 is testing the support line. In this situation, the price is expected to rise above 6/8 (134.37) and next reach the resistance at 7/8 (135.93). The scenario can be canceled by […]
The Australian dollar against the US dollar is sliding deeper down. The current quote is 0.6605. The Australian statistics of today demonstrate that the CPI in the first quarter of 2023 dropped to 1.4% q/q after growing by 1.9% in Q4, 2022. Year by year, inflation amounted to 6.3%. This is lower than before. Well, […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting in a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0950 is expected, followed by growth to 1.1165. An additional signal confirming the growth will be a rebound from the lower […]
EURUSD, “Euro vs US Dollar” On H4, near the support, the pair has formed a Hammer reversal pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The target for the growth will be 1.1060. However, the price may still correct to 1.0950 and continue the uptrend after testing the support. […]
EURUSD, “Euro vs US Dollar” EURUSD completed a structure of a declining wave to 1.1000. At a certain point, the market formed a consolidation range around this level and, breaking it downwards, extended the range to 1.0963. A correction to 1.1000 (a test from below) looks possible today. Next, a decline to 1.0950 could follow. […]
EURUSD, “Euro vs US Dollar” The currency pair formed a consolidation range around 1.1015, escaped it upwards, and reached the local target at 1.1065. Then a link of decline to 1.1015 is expected (a test from above). Then a new structure of growth to 1.1095 could follow, from where the wave could continue to 1.1120. […]
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 these circumstances, a downward breakout of 2/8 (0.6652) can be expected, followed by a decline to the support at 1/8 (0.6622). The scenario can […]
EURUSD on Tuesday remains strong. The current quote is 1.1030. Last night, the market was so thin that a single sparkle was enough to cause noticeable fluctuations. This is exactly what happened. The American First Republic Bank reported a serious decline in the number of deposits in Q1 and a plan to cut down on […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Shooting Start reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The target for the decline will be 1.3470. Next, the shares will have a chance to break the level and continue the downtrend. However, the price […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting in a forming Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2460 is expected, followed by growth to 1.2675. An additional signal confirming the growth will be a rebound […]