Day: April 3, 2023

EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0700. At the moment, the market has extended it up to 1.0928. If the price breaks it upwards, a pathway for growth to 1.1080 will open. If the price breaks the range downwards, the structure of decline could continue to 1.0455, […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a link of decline to 1.0800. Today the market is forming a consolidation range around this level. If the price escapes the range downwards, a wave of decline to 1.0740 might follow. And if the pair breaks this level as well, a structure to 1.0677 […]

Daily Market Outlook, April 03, 2023 Opec+ Oil Shock As The Cartel Cuts 1.6Mln Barrels Of Supply, Oil Surges 8% Asia equity markets start the holiday shortened trading week with modest gains as investors digest a surprise move by Opec+, with the announcement of a supply cut issued Sunday afternoon, the cartel have committed to […]

XAUUSD, “Gold vs US Dollar” Near the resistance, gold has formed a Shooting Star reversal pattern. The instrument is now going by the reversal signal in a descending wave. The target for the correction might be 1920.00. Upon testing the support, the price could rebound from it and continue the uptrend. However, the quotes may […]

EURUSD, “Euro vs US Dollar” EURUSD is correcting after a rebound from the resistance. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0675 is expected, followed by growth to 1.1045. An additional signal confirming the decline will be a rebound from […]