Tag: Roboforex
EURUSD, “Euro vs US Dollar” The currency pair has completed a link of growth to 1.0972. Today the market is forming a consolidation range under this level. Next, the price could fall to 1.0925, and then a link of growth to 1.0977 is not excluded. After the quotes reach this level, a wave of decline […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which reveals the prevalence of a downtrend. The RSI has broken the support line. As a result, we expect a downward breakout of the level of 4/8 (131.25), after which the price could continue falling to the support at […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is pushing off the support area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 131.35 is expected, followed by growth to 136.55. An additional signal confirming the decline will be a rebound from the […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance level, the quotes have formed a Shooting Star reversal pattern. Currently, the instrument can go by the reversal signal in a descending wave. The target for the correction might be 1.0890. However, the price may rise to 1.1000 and continue the uptrend without correcting to […]
EURUSD, “Euro vs US Dollar” The currency pair completed a link of growth to 1.0862. The market has formed a consolidation range around it. If the price breaks the range upwards, it could be extended to 1.0915. A link of correction to 1.0862 (a test from above) could develop today. Then growth to 1.0938 is […]
EURUSD started growing again on Tuesday. The current quote is 1.0890. The market looks actively interested in risks, which supports the EUR and drowns the safe USD. The PMI reports from the Eurozone and separate European countries published yesterday turned out mostly positive. The US presented similar releases. In March, the PMI in production dropped […]
Australian dollar against the US dollar on Tuesday is reacting logically to the RBA decision but the general mood remains positive. The current quote is 0.6755. At the meeting today, the Reserve Bank of Australia decided to leave the interest rate without a change at 3.6% per annum. Some had expected the rate to grow […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2335 is expected, followed by growth to 1.2585. An additional signal confirming the decline will be a rebound from the lower border of […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the correction might be 1.3495. Then the price could rebound from this level and continue the downtrend. However, the quotes may drop to […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, AUDUSD quotes have broken the 200-day Moving Average and are now above it, hinting on possible development of an uptrend. The RSI is testing the support line. In these circumstances, we expect the price to rise above 3/8 (0.6774) and afterwards grow to the resistance at 4/8 […]