Day: April 9, 2024
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes have broken the 200-day Moving Average on D1 and rest above it, revealing the probability of an uptrend development. The RSI has broken the resistance line. In this situation, the quotes are expected to breach the 5/8 (0.6652) level and rise to the resistance at 6/8 (0.6713). […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3625. Next, the price might break above the resistance and maintain its upward trajectory. However, the quotes could correct to 1.3555 before […]
The British pound, paired with the US dollar, maintains positive momentum. The current GBPUSD exchange rate stands at 1.2657. Meanwhile, it is worth noting that GBP gains appear relatively modest as the market still experiences pressure from the trajectory of the US dollar. The chances of an interest rate cut from the Federal Reserve have […]
The Australian dollar gained against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6607. Morning statistics from Australia on the Consumer Sentiment Index by Westpac for April showed a 2.4% decline compared to the preceding 1.8% decrease. The index has fallen for two consecutive months as stable inflation in the country […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave targeting 1.0850. Today the market is forming a consolidation range around this level. A further correction towards 1.0880 is not excluded. Once it is over, a decline wave to 1.0790 might start, and if this level also breaks, the potential for a […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the upper boundary of the descending channel. The pair is going inside the Ichimoku Cloud, which suggests a sideways movement. A test of the Kijun-Sen line at 1.2620 is expected, followed by a rise to 1.2765. A rebound from the upper boundary of the […]