Day: April 5, 2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave to 1.0870. Today the market has started a new structure of a decline wave. The first target is 1.0795. Once this level is reached, a correction link to 1.0833 might follow (testing from below). Next, a decline towards 1.0755 could form, from […]
The Japanese yen strengthened slightly against the US dollar on Friday. The current USDJPY exchange rate stands at 151.13. Japanese monetary policymakers continue to intervene verbally. Finance Minister Shunichi Suzuki noted today that excessive fluctuations in the yen’s exchange rate are undesirable. Japanese authorities are prepared to take measures to avoid a sharp decline in […]
Brent Brent 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 rebound from the 5/8 (90.62) level and drop to the support at 4/8 (87.50). The scenario could be cancelled by breaking […]
The New Zealand dollar, paired with the US dollar, has come to a pause. The current NZDUSD exchange rate stands at 0.6006. The Kiwi dollar has regained a relatively stable position. The market turned in favour of currencies other than the US dollar after Federal Reserve officials once again expressed their doubts about the likelihood […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is declining following a rebound from the resistance level. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2650 is expected, followed by a decline to 1.2475. An additional signal confirming the decline will […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be the support level of 1.0775. However, the quotes could correct to 1.0870 and extend the downtrend after the […]