Day: March 12, 2024
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, which indicates a prevailing uptrend. The RSI has rebounded from the support level. In this situation, the price is expected to surpass the 5/8 (0.6622) level, subsequently reaching the resistance at 8/8 (0.6713). The scenario could be cancelled by […]
The primary currency pair is poised for growth on Tuesday. The current EURUSD exchange rate stands at 1.0934. Investors are focused ahead of this week’s release of the most crucial statistics. The first of these – the US inflation reports for February – are scheduled for release today. The Consumer Price Index (CPI) may have […]
Inflation Expectations All eyes are on the US Dollar today as traders brace for the latest US inflation data due this afternoon. Last time around, inflation was seen falling back to 3.1% from 3.4% prior, a little above the 2.9% the market was looking for. Today the market is looking for CPI to have remained […]
TitleEURJPY H4 | Potential bullish breakout TypeBullish Breakout Preference:EURJPY is rising to the pivot point at 161.756, the overlap resistance, price could break above the pivot and rise towards the 1st resistance at 163.578, the swing-high resistance. Alternative scenario:Price might reverse to the 1st support at 160.231, the pullback support that aligns with 61.8% Fibonacci […]
The British pound sterling, paired with the US dollar, is in the positive again. The current GBPUSD exchange rate stands at 1.2820. The details of the recently announced UK state budget have not brought any surprises, as the market was well-prepared for them. The measures concerning budget expenditure items aim to attract voters to the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance at 1.0980. However, the quotes might correct to 1.0910 and extend the uptrend after the pullback. USDJPY, […]
USDJPY Heading Lower USDJPY is under heavy selling pressure as we head towards the US session on Monday. Traders continued to offer the pair through early European trading, extending the declines seen form the Asian open overnight. The pair has now shed almost 3% from the YTD high as a shift in expectations regarding the […]
Market sentiment continues to ride high, buoyed by persistent expectations of a Federal Reserve rate cut in the June policy meeting. This sentiment found reinforcement after the release of the US Employment report last Friday, which revealed softened wage growth coupled with a higher Unemployment Rate. The US Dollar embarked on the week with a […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave towards 1.0914. A correction link to 1.0941 is expected today. Practically, the market has set the frames for a consolidation range. With a downward escape from the range, the decline wave could extend to 1.0888. And with a breakout of this level […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0905 is expected, followed by a rise to 1.1075. An additional signal confirming the rise might be a rebound from the lower boundary […]
