Day: April 2, 2024
The primary currency pair remains under significant pressure on Tuesday. The current EURUSD exchange rate stands at 1.0730. US statistics released yesterday triggered a substantial strengthening of the USD. The data included the March ISM Manufacturing PMI. The report showed an increase to 50.3 points from 47.8 points the previous month. Firstly, the indicator surpassed […]
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold below the signal lines of the indicator. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Kijun-Sen line at 1.0735 is expected, followed by a decline to 1.0670. An additional signal confirming the decline could be a […]
The Japanese yen, paired with the US dollar, is weakening again. The current USDJPY exchange rate stands at 151.74. The instrument is moving closer to the levels at which the market expects interventions from the Japanese authorities. Japan’s minister of finance, Shunichi Suzuki, makes statements and comments daily. This is not reassuring for many, but […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave to 1.0804. By now, the market has broken the 1.0777 level downwards, continuing the third decline wave to 1.0722. With a breakout of this level, the trend could extend to 1.0650. This is a local target. GBPUSD, “Great Britain Pound vs US […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in a corrective wave. The growth target might be the resistance at 1.0765. However, the price could drop to 1.0695 and extend the downtrend without any correction. USDJPY, “US Dollar vs Japanese […]
EURUSD, “Euro vs US Dollar” The EURUSD pair finished correcting towards 1.0975 and started developing the third decline wave to 1.0450. This is the estimated target. By now, the price has formed the first structure of this wave towards 1.0800. A consolidation range could form around this level today. With an escape from the range […]