Tag: Roboforex
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI is testing the support level. A downward breakaway of 2/8 (0.9155) is expected, followed by falling to the support level of 1/8 (0.9094). The scenario can be cancelled by rising over the […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0711. A link of growth to 1.0777 is not excluded, followed by falling to 1.0615. The goal is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair continues forming a consolidation range around 1.2044. Today a link of growth […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. The instrument may now go by the signal in an ascending wave. The goal of the growth might be 1.0825. However, the pair may pull back to 1.0700, bounce off it and continue the uptrend after […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting in a Wedge reversal pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2120 is expected, followed by falling to 1.1845. An additional signal confirming the decline will be a bounce off the upper […]
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 […]