Tag: Roboforex
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 […]
XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed a Hammer reversal pattern. For now, the pair is going by the signal in an ascending wave. The goal of the growth might be 1900.00. After testing the resistance level, the pair might break through it and continue the uptrend. However, the quotes […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI has broken through the resistance level. As a result, we should expect the quotes to break through 7/8 (1.0620) and reach the resistance level of 8/8 (1.0742). The scenario can be cancelled […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0510. The market has got support there, and the wave of growth might continue to 1.0804. The goal is local. After it is reached, a link of correction to 1.0222 is not excluded. Then a new structure of growth to […]
EURUSD, “Euro vs US Dollar” The currency pair is pushing off the upper border of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0605 is expected, followed by growth to 1.0810. An additional signal confirming the growth will […]