Day: April 3, 2024

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are in the overbought area on D1. The RSI is testing the resistance line. In this situation, the price is expected to rebound from the +1/8 (151.56) level and decline to the support at 7/8 (148.43). The scenario could be cancelled by surpassing the +1/8 (151.56) level. […]

The UK pound sterling, paired with the US dollar, has entered positive territory. The current GBPUSD exchange rate stands at 1.2579. Fresh statistics indicate that sentiment within the UK business sector is notably optimistic. The Manufacturing PMI for March rose to 50.3 points from the previous 47.5 points. The fact that the indicator has crossed […]

XAUUSD, “Gold vs US Dollar” Gold has gained a foothold above the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2265 is expected, followed by a rise to 2325. An additional signal confirming the rise could be a rebound […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be 2260.00. After testing the support, the price might rebound from it and continue developing the uptrend. However, the quotes could rise to 2300.00 without […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave to 1.0724. A correction to 1.0793 (testing from below) could develop today. Once this correction is over, the decline wave is expected to extend to 1.0720. And with a breakout of this level the potential for a movement by the trend towards […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a breakout of 2/8 (0.6469) is expected, followed by a price decline to the support at 1/8 (0.6408). The scenario might be cancelled […]