Day: April 16, 2024

EURUSD, “Euro vs US Dollar” EURUSD is testing the lower boundary of the bearish channel. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0635 is expected, followed by a decline to 1.0510. An additional signal confirming the decline could be a rebound from the […]

The British pound, paired with the US dollar, attempted to recover but without success. The current GBPUSD exchange rate stands at 1.2437. Yesterday’s release of US retail sales data reduced the pound’s ability to recover from its sharpest decline since June. The UK will publish statistical data on the employment market on Tuesday and inflation […]

The main currency pair is still declining on Tuesday. The current EURUSD exchange rate stands at 1.0613 Yesterday, the US released a retail sales report for March, which caused increased market turbulence. The report showed a 0.7% m/m increase, surpassing the forecasted 0.4% and the previous value of 0.9%. Strong retail sales are a powerful […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2430.00. After testing the resistance level, the price could break above it and maintain its upward trajectory. However, the quotes could correct to 2360.00 before rising. […]