Day: February 28, 2023

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the resistance line. A downward breakaway of 2/8 (0.6713) should be expected, followed by falling to the support level of 1/8 (0.6652). The scenario can be cancelled by […]

The British pound against the US dollar somewhat stabilised. The current quote is 1.2043. The issue of Brexit has come afloat in quite an unexpected way. Rishi Sunak’s government is now facing a hard task: it needs to persuade politicians from Northern Ireland to support a new trade agreement with the EU after Britain exited […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0635 is expected, followed by falling to 1.0365. An additional signal confirming the decline will be a bounce off […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0532. Today the market has demonstrated a link of correction to 1.0615 (a test from below). At the moment, a structure of decline is forming to 1.0475. After this level is reached, a new correction to 1.0705 might begin, followed […]

The Japanese yen against the US dollar remains weak. The current quote is 136.35. Morning statistics from Japan demonstrated growth of retail sales in January by 6.3% y/y while the forecast had been 4.2%. A month before, the growth amounted to 3.8% y/y. The prelim calculation of industrial production volume in December demonstrated a decline […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of growth might be 1.3655; later the price might break through it and continue the growth. However, the price can pull back to 1.3540 before […]