Day: April 8, 2024
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 2380.00. After testing the resistance level, the price might break it and maintain its upward trajectory. However, the quotes could correct to 2310.00 before rising. NZDUSD, […]
The primary currency pair is stagnant on Monday. The current exchange rate for EURUSD stands at 1.0833. The US dollar managed to recoup some of its earlier losses after the US released employment market statistics for March. Employers hired more workers than expected last month, which may postpone the date of the Federal Reserve’s first […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have broken above the 200-day Moving Average on D1, indicating a potential uptrend. The RSI has broken the resistance line. In this situation, the price is expected to break the 5/8 (1.0864) level, rising to the resistance at 6/8 (1.0986). The scenario might be cancelled by a breakout […]
The Australian dollar increased against the US dollar on Monday. The current exchange rate for AUDUSD stands at 0.6578. The Aussie remains in a sideways movement globally. A month ago, AUD was at approximately the same level. An unexpectedly strong US employment report reduced anticipation that the Federal Reserve may initiate a monetary policy easing […]
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold above the upper boundary of the descending channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0830 is expected, followed by a rise to 1.0955. An additional signal confirming the rise could be a […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave, reaching 1.0791. Today, the market may correct towards 1.0845. After the price reaches this level, another decline wave to 1.0778 is expected to start, with the trend potentially continuing to the local target of 1.0714. GBPUSD, “Great Britain Pound vs US Dollar” […]