Day: April 12, 2024
Brent Brent quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has broken the support line, exiting the overbought area. As a result, in this situation, the price is expected to test the 4/8 (87.50) level, rebound from it, and rise to the resistance at 6/8 (93.75). The scenario […]
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range. By now, a decline wave structure has been completed at 1.0700 alongside a correction towards 1.0733 (testing from below). Practically, a trend continuation pattern has formed around 1.0733. With an upward escape from the range, a correction link towards 1.0765 is not […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test of the Tenkan-Sen line at 1.0745 is expected, followed by a decline towards 1.0625. The decline could be additionally confirmed by a rebound from the upper boundary of the bearish […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument might go by the reversal signal in a correction wave. The pullback target could be 1.3670. Next, the price might rebound from the support and continue its upward momentum. However, the quotes could rise to 1.3770 […]
The Japanese yen maintains its downward momentum in the pair with the US dollar. The current USDJPY exchange rate stands at 153.25. JPY reached new 34-year lows today. Robust economic data in the US negatively affects the currency market as a whole and the yen in particular. Confident reports reduce the likelihood of the Federal […]
The primary currency pair is sliding down on Friday. The current EURUSD exchange rate stands at 1.0682. The strengthening of the US dollar is associated with low expectations from the US Federal Reserve’s interest rate for this year. In January, the market expected six interest rate cuts; in March, it expected three, while today, it […]
