Day: June 5, 2023
The market’s most traded currency pair on Monday has declined and is consolidating. The current EURUSD quote is 1.0700. The US NFP rose by 339 thousand in May, exceeding expectations almost twice. A month before, the index increased by 294 thousand. The unemployment rate grew from 3.4% to 3.7%, which was totally unexpected. The average […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0727. At the moment, the market has formed a consolidation range around this level and, escaping the range downwards, continues developing a wave of decline to 1.0684. After the price reaches this level, a link of correction to 1.0727 (a […]
The BTC on Monday is falling to 26,807 USD. The support level of 26,500 USD has become active again; moreover, below it is the level of 26,000 USD, and it seems that the market might drop there. Activity in the crypto sector remains low. We already highlighted this last week. At the beginning of the […]
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EURUSD, “Euro vs US Dollar” EURUSD has pushed off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.0715 is expected, followed by a decline to 1.0465. An additional signal confirming the decline will be a […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern near the support level. The instrument could now go by the reversal signal in an ascending wave. The growth target might be 1960.00. After testing the resistance, the price could rebound and continue the downtrend. However, the quotes could drop to 1925.00 without […]
