Tag: Roboforex
NZDUSD rose after the RBNZ’s decisions but couldn’t keep up. The New Zealand Dollar rose pretty much against the USD in the morning but couldn’t keep the positive momentum later. The current quote for the instrument is 0.6788. During its April meeting, the Reserve Bank of New Zealand raised the benchmark interest rate by 50 […]
EURUSD remains weak and continues retreating. The major currency pair hit the lowest levels of the month. The current quote for the instrument is 1.0834. Yesterday’s key highlight was the CPI report from the US. The indicator showed 8.5% y/y in March after being 7.9% y/y in the previous month and against the expected reading […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the resistance level, USDCAD is reversing in the form a new descending impulse. In this case, the downside target may be at 1.2595. However, an alternative scenario implies that the asset may correct […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue growing to reach the resistance at 7/8. However, this scenario may no longer […]
USDJPY continues rising; the Yen is surrendering. The Japanese Yen continues its free-fall against the USD. The current quote for the instrument is 125.65. The Yen hasn’t been able to act as a “safe haven” asset for a long time, although financial and capital markets remain very rough. So, what’s going on? As a rule, […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0870. If the price breaks this range to the downside, the instrument may start a new decline with the target at 1.0804 or even extend this structure down to 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.3030. Possibly, the pair […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is rebounding from Tenkan-Sen at 0.6828; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6880 and then resume moving downwards to reach 0.6685. Another signal in favour of a further […]
GBPUSD is still falling and slowly approaching the lows. The Pound sterling resumed its decline against the USD. The current quote for the instrument is 1.3012. The statistics published today showed that the Unemployment Rate in the United Kingdom dropped to 3.8% in February after being 3.9% in the previous month. The Average Earnings gained […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 1.0836 along with the correction up to 1.0911, EURUSD is falling towards 1.0848 and may later consolidate there. If the price breaks this range to the upside, the instrument may start a new correction with the target at 1.0995. GBPUSD, “Great Britain Pound vs […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 1/8, break it, and then continue falling to reach the support at 0/8. Still, this scenario may no longer […]