Tag: Roboforex
The Australian dollar against the US dollar has increased abruptly. The current quote is 0.6703. At the meeting today, the Reserve Bank of Australia decided to lift the interest rate by 25 base points to 3.85% per annum. This was unexpected: only 9 economists out of 30 polled by Bloomberg had expected this. In the […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of decline to 1.0963. A correction to 1.0995 could follow today. After it is over, a decline to 1.0925 is expected, from where the wave could continue to 1.0888. The target is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]
The Japanese yen against the US dollar has dropped to its local lows. The current quote is 137.52. The decision of the Bank of Japan to stick to its soft credit and monetary policy logically played against the yen. At the last BoJ meeting, the interest rate remained at -0.10% per annum. The yield curve […]
EURUSD, “Euro vs US Dollar” On H4, near the support level the pair has formed a Harami reversal pattern. The instrument could now go by the reversal signal in an ascending wave. The target for the growth will be 1.1060. However, the price may correct to 1.0950 and continue the uptrend after testing the support. […]
EURUSD, “Euro vs US Dollar” The currency pair continues to develop a consolidation range around the 1.0880 level. At the moment, the market has extended it upwards to 1.1090. A downward pattern is expected to develop towards 1.0880 (test from above). An upside exit from this range could open up the potential for growth to […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud which reveals the prevalence of an uptrend. A test of the Kijun-Sen line at 1.2445 is expected, followed by growth to 1.2645. An additional signal confirming the growth will be […]
Investors remained unperturbed by the disappointing publication of the US GDP statistics for Q1 2023. The economy increased by 1.1%, two times less than expected. Today will also be tense: personal income and spending reports for March are scheduled for publication alongside the Core PCE inflation component. Technically, the market still craves for securing above […]
EURUSD on Friday remains neutral after receiving new alarming signals from the US economy. The current quote is 1.1030. The US GDP in the first quarter of 2023 grew by just 1.1% instead of the forecast 2.0% after growing by 2.6% previously. The economic growth turned out twice as worse as expected. In the components, […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Shooting Star reversal pattern. Currently, the instrument can go by the reversal signal in a descending wave. The target for the decline will be 1.3530. Next, the price could break the level and continue the downtrend. However, the price may pull back […]
EURUSD, “Euro vs US Dollar” EURUSD has rebounded from the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0985 is expected, followed by growth to 1.1145. An additional signal confirming the growth will be a […]