Day: April 24, 2024
The primary currency pair maintains its upward trajectory on Wednesday. The current EURUSD exchange rate stands at 1.0707. The currency market is witnessing increasing risk appetite, allowing EURUSD to regain its position. At the same time, investors are unwinding some of the oversold positions in EURUSD. US statistics released yesterday confirm that pro-inflationary factors remain […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI remain in the overbought areas on D1. In this situation, the price is expected to test the +2/8 (156.25) level, rebound from it, and decline to the support at 0/8 (150.00). The scenario could be cancelled by surpassing the +2/8 (156.25) level, which might […]
EURUSD, “Euro vs US Dollar” The EURUSD pair escaped the consolidation range upwards and completed a growth link at 1.0710. Today it might drop to 1.0666 (testing from above). Next, a new correction link towards 1.0733 could follow. Once this correction is over, a new decline wave targeting 1.0585 might begin. This is a local […]
The Australian dollar, paired with the US dollar, looks promising mid-week. The current AUDUSD exchange rate is 0.6515, marking the highest level in almost two weeks. Investors are reacting to fresh statistics on Australian inflation and believe that the Reserve Bank of Australia will not lower interest rates for now. Australia’s Consumer Price Index (CPI) […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2390.00. After testing the resistance, the price could breach it and continue developing the uptrend. However, the quotes might correct towards 2290.50 before rising. NZDUSD, […]
EURUSD, “Euro vs US Dollar” EURUSD is rising towards the upper boundary of a Wolfe Wave descending pattern. The pair is going inside the Ichimoku Cloud, which suggests a sideways movement. A test of the Cloud’s upper boundary at 1.0715 is expected, followed by a decline to 1.0580. A rebound from the upper boundary of […]