Day: April 11, 2024
EURUSD, “Euro vs US Dollar” The EURUSD pair practically finished a correction wave at 1.0884 and started developing a decline wave because of the news. By now, the quotes have finished the wave at 1.0728. A consolidation range is expected to form above this level today. With an escape upwards, a growth link towards 1.0773 […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. However, divergence has formed on the RSI. As a result, in this situation, the price is expected to rebound from the 7/8 (0.9155) level and fall to the support at 5/8 (0.8911). The decline in […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target might be the 2320.00 level. After testing the support, the price could rebound from it and continue its upward momentum. However, the quotes could rise to 2385.00 […]
The primary currency pair is consolidating on Thursday following yesterday’s failure. The current EURUSD exchange rate stands at 1.0743. Yesterday’s signals, including the release of March’s inflation statistics and the minutes of the Federal Reserve’s previous meeting, provided massive support for the US dollar. The consumer price index in the US rose by 0.4% m/m […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the support level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2585 is expected, followed by a decline to 1.2395. An additional signal confirming the decline will be a […]
The Japanese yen has dropped even deeper against the US dollar. The current USDJPY exchange rate stands at 152.98. The yen collapsed under pressure from the US dollar after US treasury bond yields rose. This happened amid the publication of March inflation statistics, which completely inverted market expectations. Now, the market believes that the wide […]