Day: March 14, 2023

AUDUSD, “Australian Dollar vs US Dollar” On H4, the AUDUSD is below the 200-day Moving Average, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, a break down of the 2/8 level (0.6591) is expected, followed by a fall in price to the 1/8 support (0.6469). The overcoming of the […]

The British pound sterling has risen markedly against the US dollar. The current quote in GBPUSD is 1.2164. The UK released employment sector statistics on Tuesday. The unemployment rate in January held steady at 3.7% against expectations of an increase to 3.8%. Average payrolls for the 3 months ending in January rose 5.7% (in line […]

NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is testing the upper boundary of the descending channel. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Tenkan-Sen indicator at 0.6205 is expected, followed by the rise to 0.6355. The rebound from the bottom boundary of the bullish channel will […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a reversal pattern of the Hammer. At the current stage, the reversal signal can trigger an upward wave. The target for the growth will be the level of 1.3810. Further the price has chances of its breakthrough and continuation of the uptrend. However, a […]

EURUSD, “Euro vs US Dollar” On H4, the EURUSD has broken through the 200-day Moving Average and is now above it, indicating that an uptrend is possible. The RSI has reached an overbought area. In the current situation we should expect a pullback from the 0/8 level (1.0742) and further decline to the support at […]