Tag: Roboforex

Oct 05
The Australian Dollar continues to plunge. Overview for 05.10.2022

The Australian Dollar is still rather weak against the USD. The current quote for the instrument is 0.6496. Yesterday, the Reserve bank of Australia announced a 25-point rate hike, up to 2.60%, which was a bit different from what market players expected. They believed the RBA would continue its “hawkish” policy and raise the rate […]

Oct 05
EURUSD: back to parity again. Overview for 05.10.2022

The major currency is ready to test parity on Wednesday. The current quote for the instrument is 0.9990. The key trigger for the EUR right now is a huge rebound in global capital markets, which revived risk attitude. The USD, in its turn, is being failed by a decline in the US bond yield. Investors […]

Oct 05
Forex Technical Analysis & Forecast 04.10.2022

EURUSD, “Euro vs US Dollar” After finishing the ascending wave at 0.9840, EURUSD is still consolidating below this level. If later the market breaks this range to the upside, the market may form one more ascending wave to reach 0.9946; if to the downside – resume falling with the target at 0.9744, or even extend […]

Oct 05
Japanese Candlesticks Analysis 04.10.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Shooting Star reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending wave. In this case, the downside target may be at 1675.50. At the same […]

Oct 04
The Aussie got under pressure. Overview for 04.10.2022

The Australian Dollar is retreating against the USD again. The current quote for the instrument is 0.6469. The Reserve Bank of Australia had a meeting today and decided to raise the benchmark interest rate by 25 basis points, from 2.35% to 2.60%. Market players were quite surprised: the RBA introduced a 50-point rate after each […]

Oct 04
The Yen is weakening at intervals. Overview for 04.10.2022

The Japanese Yen is slowly weakening against the USD. The current quote for the instrument is 144.77. Local interventions from the Bank of Japan calmed the Yen down and helped it reach balance for some time, but the effect didn’t last long, just as expected. The market is back to its previous movements – the […]

Oct 04
Forex Technical Analysis & Forecast for October 2022

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after reaching the predicted downside target at 0.9554, EURUSD is forming the first ascending structure towards 0.9954. Later, the market may resume trading downwards to reach the key target at 0.9388 and then start a new growth towards 1.0360. GBPUSD, “Great Britain […]

Oct 04
Ichimoku Cloud Analysis 04.10.2022 (EURUSD, XAUUSD, USDCHF)

EURUSD, “Euro vs US Dollar” EURUSD is testing the bearish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9760 and then resume moving upwards to reach 1.0085. Another signal in favour of a […]

Oct 03
The cryptocurrency market digest. Overview for 03.10.2022

On Monday, the BTC is balancing near 19,093 USD, slightly growing. The market situation is not changing. The area between 18,000-19,000 USD remains the range of important support levels, and all the bearish attacks until now failed to break through the lower border of the channel. To go confidently and consistently, the BTC must rise […]

Oct 03
EURUSD has reached stability. Overview for 03.10.2022

The major currency pair is looking rather neutral early in a new week, which is promising to be quite volatile. The current quote for the instrument is 0.9788. In September, EURUSD lost 2.5%. Also, it has declined 16% since the beginning of 2022. This week, the US will release new numbers on the labour market. […]