Day: December 25, 2023

The British pound sterling paired with the US dollar appears stable. The current GBPUSD exchange rate stands at 1.2697. Last Friday, the UK provided updates on another estimate of the country’s Q3 GDP. The economy expanded by 0.3% y/y, marking twice as weak a result as expected. On a quarterly basis, the GDP decreased by […]

The main currency pair on Monday looks confident. The current EURUSD exchange rate stands at 1.1000. Practically, all the important statistics have already been published. The market has several details to wait for, but everything critical to happen in 2023 has happened. Friday reports from the US came out positive but there were several moments […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1039. A correction link to 1.0986 is expected today. After the correction is over, a new growth structure to 1.1080 might develop, followed by a decline to 1.0940. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a growth wave to 1.2743 […]

EURUSD, “Euro vs US Dollar” EURUSD quotes are in the overbought area on H4. The RSI has rebounded from the resistance line. In this situation, a test of 0/8 (1.0986) is expected, followed by a breakout of this level and a decline to the support at 6/8 (1.0864). The scenario could be cancelled by rising […]

EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0975 is expected, followed by a rise to 1.1175. An additional signal confirming the rise will be a rebound from the lower boundary of […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be the support at 1.0965. However, the price could rise to 1.1070 and extend the uptrend without testing the […]