Tag: Roboforex
USDCAD, “US Dollar vs Canadian Dollar” USDCAD 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 1.3595 is expected, followed by growth to 1.3825. An additional signal confirming the decline will be a rebound from the lower border of the […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a correctional structure of decline to 1.0700. At the moment, the market has formed a consolidation range around this level, and with an escape downwards, the correctional wave might continue to 1.0355. After the correction is over, a new structure of growth to 1.0700 should […]
EURUSD has stabilised, and this is good news. The current quote is 1.0610. USD fans got somewhat disappointed by the US statistics from yesterday. The Conference Board CCI in February dropped to 102.9 points from 106.0 points. The forecast implied growth to 108.5 points. In the components of the report it was obvious that the […]
On Wednesday, the BTC grew to 23,739 USD. So, the market has secured above 23,500 USD. It opens a pathway for 25,000 USD, as planned earlier. With more ambitious goals, we should wait: this spin of growth might be quite lengthy and cautious. Today global markets look interested in risks. Initially, they were stimulated by […]
The Australian dollar against the US dollar has put its decline on a pause. The current quote is 0.6753. The report from today demonstrated growth of the Australian GDP in Q4, 2022 by 2.7% y/y just as expected, or by 0.5% y/y instead of the expected 0.8%. Among other components of the report, the personal […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the resistance line. A downward breakaway of 2/8 (0.6713) should be expected, followed by falling to the support level of 1/8 (0.6652). The scenario can be cancelled by […]
The British pound against the US dollar somewhat stabilised. The current quote is 1.2043. The issue of Brexit has come afloat in quite an unexpected way. Rishi Sunak’s government is now facing a hard task: it needs to persuade politicians from Northern Ireland to support a new trade agreement with the EU after Britain exited […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0635 is expected, followed by falling to 1.0365. An additional signal confirming the decline will be a bounce off […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0532. Today the market has demonstrated a link of correction to 1.0615 (a test from below). At the moment, a structure of decline is forming to 1.0475. After this level is reached, a new correction to 1.0705 might begin, followed […]
The Japanese yen against the US dollar remains weak. The current quote is 136.35. Morning statistics from Japan demonstrated growth of retail sales in January by 6.3% y/y while the forecast had been 4.2%. A month before, the growth amounted to 3.8% y/y. The prelim calculation of industrial production volume in December demonstrated a decline […]