Day: March 29, 2024
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument continues going by the reversal signal in an ascending wave. The growth target might be the 2255.00 level. After testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might correct to 2210.50 before […]
Brent Brent quotes are above the 200-day Moving Average on D1, which indicates the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, a rebound from 4/8 (87.50) level is expected, followed by a rise towards the resistance at 5/8 (90.62). The scenario could be cancelled by a breakout […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave, reaching 1.0780. By now, the market has corrected to 1.0817. A decline wave targeting 1.0746 is forming today. Once the price reaches this level, a correction towards 1.0780 (testing from below) could start, with the movement continuing to the local target of […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.0785 is expected, followed by a decline to 1.0695. An additional signal confirming the decline will be a rebound from the upper boundary […]
The primary currency pair continued to decline on Friday. The current EURUSD exchange rate stands at 1.0775. Market activity will be limited today as Catholic countries observe the Good Friday public holiday. However, this is a stock market date, not a federal one, so statistics will still be published, although investors will not utilise them […]
The Japanese yen, paired with the US dollar, appears relatively weak. The current USDJPY exchange rate stands at 151.40. Today’s Consumer Price Index (CPI) statistics from Tokyo do not change the trajectory set by the Bank of Japan towards an interest rate hike. The components show that the decrease in energy prices and increase in […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the indicator’s signal lines. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2670 is expected, followed by a decline to 1.2475. An additional signal confirming the decline will be a […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. However, the RSI is in the overbought area. As a result, in this situation, the price is expected to break below the 6/8 (0.9033) level, falling to the support at 5/8 (0.8911). The scenario could […]