Tag: Roboforex
EURUSD, “Euro vs US Dollar” The currency pair is consolidating near 1.0740. Today the price might spring to 1.0767. The goal is local. After this level is reached, correction to 1.0637 might start, followed by growth to 1.0788. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair completed a wave of correction to 1.2110. […]
The Japanese yen has somewhat retreated against the US dollar, the current quote being 132.14. Minor fluctuations of the rates are lawful because investors remain sensitive to liquidity that comes to the market out of the blue. Factually, the JPY now has only two triggers: interventions of the BoJ and the behaviour of the USD. […]
On Wednesday, the market major remains vigorous. The current quote is 1.0750. The market supports the EUR, and there are no reasons as yet for this attitude to change. The US statistics from yesterday could hardly be called impressive. Optimism index of small business in December dropped to 89.8 points from 91.9 previously. This is […]
The market major continues growing. The current quote is 1.0740. The EUR is supported by the interest to risk and the weakness of the US currency. The market is selling the dollar because globally investors are overvaluing the prospects of further actions of the Federal Reserve System. Market players have several important releases at hand, […]
The Japanese yen against the US dollar remains strong. The current quote is 131.73. This morning, Japan has presented important statistics. Household spending in November turned out below forecasts, falling by 1.2% y/y. The forecast had suggested growth by 0.5%. This is a leading indicator of economic activity; hence, fundamentally speaking, this is bad news. […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are in the overbought area. The RSI has bounced off 70. In such circumstances, we should expect a downward breakaway of +1/8 (0.6897) and subsequent falling to the support level of 7/8 (0.6774). The scenario can be cancelled by rising over the resistance level of […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of the growth may be 1.3445; later the price may break through the resistance level and extend the correction. However, […]
EURUSD, “Euro vs US Dollar” The currency pair completed a wave of growth to 1.0759. Today the market is correcting this wave to 1.0710. After the correction is over, the pair may grow to 1.0767. Then it may correct to 1.0625 (a test from above) and grow to 1.0787. GBPUSD, “Great Britain Pound vs US […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has left the borders of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2010 is expected, followed by growth to 1.2425. An additional signal confirming the growth will […]
On Monday, the market major is vigorous. The current quote is 1.0680. Over the first week of the year, the pair lived through both abrupt growth of the USD and a similarly fast recovery of the EUR. The thin holiday market with low liquidity levels only facilitated large amplitude of fluctuations. Investors got focused on […]