Tag: Roboforex
The BTC exchange rate fell to 35,560 USD by Wednesday. From a technical standpoint, the 38,000 USD mark remains relevant for buyers in the medium term, with the next target located at 42,000 USD. For growth to resume, the market needs to maintain equilibrium within the range of 35,000-37,000 USD. Currently, a technical correction has […]
The major currency pair is holding firm, having reached ten-week peaks on Wednesday. The current EURUSD exchange rate stands at 1.0880. The market experienced significant turbulence yesterday evening, triggered by the release of US price reports. The Consumer Price Index for October turned out to be zero month-on-month compared to the forecasted rise of 0.1% […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target could be 1.3780. Next, the price might break the resistance level and continue its upward movement. However, the quotes could pull back to 1.3655 […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a wide consolidation range around 1.0680. Amid the news, the market broke the range upwards and hit a local correction target of 1.0886. Today a consolidation range is expected to form below this level. Breaking it downwards, the price could start a downward movement to 1.0755 minimum. […]
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold above the upper boundary of the bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0825 is expected, followed by a rise to 1.0985. An additional signal confirming the rise will be a […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has reached the oversold area. As a result, in this situation, the quotes are expected to surpass 5/8 (150.78) and continue rising to the resistance at 6/8 (151.56). The scenario can be cancelled […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes have rebounded from the support level of 0/8 (0.6347) on H4. The RSI is approaching the resistance line. In this situation, a test of 1/8 (0.6408) is expected, followed by a breakout of this level and a rise to the resistance at 2/8 (0.6469). The scenario can […]
The Japanese yen remains exceptionally weak when paired with the US dollar. The current USDJPY exchange rate stands at 151.67. Yesterday, USDJPY came close to reaching 152.00. So, the yen is positioned near three-decade lows, having endured significant pressure. What comes next? Most probably, it will continue to decline because the fundamental background has not […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the Kijun-Sen line. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower boundary of the Cloud at 1.2255 is expected, followed by a rise to 1.2425. A signal confirming the rise will be a […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0680. Extension of the range to 1.0705 is not excluded. Next, a decline to 1.0640 might follow. And with a breakout of this level, the pair might drop to 1.0622, from where the trend could continue to 1.0540. This is a local target. […]