Day: March 4, 2024
The price of Ethereum is hitting the yearly maximum points again. The asset’s price might potentially rebound to the broken psychological level of 3000 and rise. Hence, it would be important to follow the candlestick formations to forecast the upcoming price movements. The price of gold rebounded from the broken downtrend and supporting zone and […]
TitleFalling to Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 22.986 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 23.241 which is a pullback resistance level. Alternative scenario: If price breaks below the pivot point, […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave, reaching 1.0799. Amid the news, the market received support at this level, creating upward momentum towards 1.0841. Today it is forming a consolidation range around the 1.0837 level, which could expand to 1.0850. Subsequently, the price might decline to 1.0837. Practically, a […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be the 2065.00 level. Upon testing the support, the quotes might rebound from it and continue developing the uptrend. However, the price could rise to 2100.00 […]
The primary currency pair remains in equilibrium on Monday. The current EURUSD exchange rate stands at 1.0844. The USD’s position deteriorated earlier due to the release of weaker-than-expected statistics from the US. For example, industrial production declined in February, while employment levels at manufacturing facilities fell to a seven-month low. Construction spending also dropped in […]
The Australian dollar is depreciating against the US dollar. The current AUDUSD exchange rate stands at 0.6519. The Aussie had been rising for two days but then stumbled upon some not-really-important statistics. In January, the number of building permits in Australia dropped by 1.0% m/m, following a previous decline of 10.1% and against the forecasted […]