Day: April 10, 2024

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave at 1.0880. Today the market is forming a decline structure aiming 1.0822. Once this level is reached, a correction link targeting 1.0852 (testing from below) is not excluded. Next, a decline by the trend towards 1.0777 is expected, from which level the […]

EURUSD, “Euro vs US Dollar” EURUSD has formed an Engulfing reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be the support level at 1.0815. However, the price could correct to 1.0890 and maintain its downward trajectory after a […]

The New Zealand dollar continues to rise against the US dollar. The current NZDUSD exchange rate stands at 0.6074. The NZD has currently reached a three-week high against the USD. This follows the Reserve Bank of New Zealand’s decision to leave the interest rate unchanged at 5.5% at its April meeting, as expected. This marks […]

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes remain in the overbought area on D1. The RSI is testing the resistance line. In this situation, a breakout of +1/8 (151.56) is expected, followed by a price decline to the support at 7/8 (148.43). The scenario might be cancelled by rising above +2/8 (153.12), which could […]

EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the signal lines of the indicator. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0835 is expected, followed by a rise to 1.0980. An additional signal confirming the rise will be a rebound from the […]

The Japanese yen remains in a weakened position against the US dollar. The current USDJPY exchange rate stands at 151.80. Bank of Japan governor Kazuo Ueda finally clarified the Japanese regulator’s future actions. The monetary policymaker noted that the BoJ will not directly react to the yen’s exchange rate fluctuations. In this way, the Bank […]