Tag: Roboforex
The Australian dollar in the pair with the US dollar will not give in, trying to recover. The current quote is 0.6953. Moods change too fast but there are chances for a bounce. The decision of the Reserve bank of Australia from 7 February to increase the interest rate was expected: the interest rate grew […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI has broken through the support line. As a result, a bounce off 4/8 (131.25) is expected, followed by falling to the support level of 2/8 (128.12). The scenario can be cancelled by […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed an Engulfing reversal pattern. The instrument is now going by the pattern in a descending wave. The goal of the decline might be 1.3300; then the price may break through the support level and continue the downtrend. However, the price may pull back […]
At the end of the week, EURUSD looks neutral but there are still risks of a decline. The current quote is 1.0730. In his speech delivered yesterday, the chairman of the Fed Jerome Powell singled out the strength of the employment market in the country and announced that the CB would be working hard to […]
Australian dollar in the pair with its US counterpart started growing again. The current quote is 0.6967. Yesterday the Reserve Bank of Australia decided to lift the interest rate by 25 base points, as expected. The rate thus has reached 3.35% a year. This is a third increase in the interest rate in a row. […]
XAUUSD, “Gold vs US Dollar” Gold is correcting, forming a bearish Flag pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line of the Cloud at 1895 is expected, followed by falling to 1825. An additional signal confirming the decline will be a bounce off the […]
The BTC has reached 23,204 USD. The pause was not a lengthy one. The so-called fear & greed index confirmed this as well. The index entered the greed field and gives signals that investors are ready to buy. The market absolutely needs to hold above 23,000 USD. If so, it will have a serious chance […]
EURUSD, “Euro vs US Dollar” The pair has completed a link of decline to 1.0669. Today it might grow to 1.0790 and then – decline to 1.0642. The goal is local. After this level is reached, a link of correction to 1.0791 is not excluded. Then a decline to 1.0555 should follow. GBPUSD, “Great Britain […]
The British pound against the US dollar remains weak but does not go lower. The current quote is 1.2050. To fight with inflation, the Bank of England may lift the interest rate again, The Guardian says. Britain is still living through the consequences of the pandemic, the effect of Brexit, the energy shock, and the […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes have broken through the 200-day Moving Average upwards, which indicates possible development of an uptrend. The RSI has broken through the resistance line. Hence, a breakaway of 1/8 (0.6958) upwards should be expected, followed by growth to the resistance level of 2/8 (0.7080). The scenario […]