Day: April 29, 2024
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has gained a foothold above the upper boundary of the descending channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2505 is expected, followed by a rise to 1.2685. An additional signal confirming the rise could […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 2390.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2300.00 before rising. […]
The Australian dollar appears strong against the US dollar. The current AUDUSD exchange rate stands at 0.6567. The Aussie surpassed a three-week high against its American counterpart as the USD slightly corrected its position ahead of this week’s meeting. It is worth noting that the Aussie has surged to its 11-year high against the JPY. […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level, rebound from it, and decline to the support at 2/8 (1.0498). The scenario might be cancelled […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave, reaching 1.0752, and declined to 1.0673. Practically, the market continues to form a wide consolidation range around 1.0666, potentially expanding the range to 1.0760 today. The entire growth structure is perceived as a correction. Once the correction is complete, another decline wave […]
The Japanese yen, paired with the US dollar, initially sharply declined, then strengthened on Monday. The current USDJPY exchange rate stands at 156.92. Today, the US dollar made a historical leap, reaching 160.00 yen, a level never before witnessed in the market. This occurred amid small trading volumes, as Monday is a public holiday in […]