Day: March 7, 2023

EURUSD, “Euro vs US Dollar” The currency pair escaped the consolidation range upwards and reached a local target of 1.0693. A link of decline to 1.0633 is not excluded today. Then a structure of growth to 1.0700 might develop. After this level is reached, the wave of growth will be exhausted. Then a wave of […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is testing the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6715 is expected, followed by falling to 0.6535. An additional signal confirming the decline will be a rebound from the upper border of the […]

EURUSD uses any base for growth efficiently. The current quote is 1.0690. Investors are nervous before the evening speech of the chairman of the Federal Reserve System Jerome Powell in the Senate. The market abstains from any activity because the tension around Powell’s comments is quite high. Let us see what Powell will say about […]

The Australian dollar in pair with the US dollar lost balance and dropped. The current quote is 0.6707. At the meeting that closed today, the Reserve Bank of Australia lifted the interest rate by just 25 base points to 3.6% per annum. This decision went in line with the forecasts. This is the tenth increase […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are in the oversold area. The RSI has pushed off the support level and is aiming up. As a result, the price should rise above 0/8 (1.0742) and grow to the resistance level of 1/8 (1.0864). The scenario can be cancelled by a downward breakaway of […]

EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed an Invertes Hammer reversal pattern. The pair is now going by the signal in an ascending wave. The target of the growth might be 1.0700. However, the palrice may drop to 1.0580 and continue the downtrend without pulling back to […]