Day: May 2, 2024
The Japanese yen, paired with the US dollar, declines again. The current USDJPY exchange rate stands at 155.82. The market speculates about the reason behind the yen’s strong movements this week. Although the Japanese authorities have not officially confirmed interventions to support the national currency, investors are convinced that there were financial injections, and twice. […]
The primary currency pair is rising on Thursday. The current EURUSD exchange rate stands at 1.0715. Another meeting of the US Federal Reserve closed neutrally, with the interest rate remaining at 5.5% per annum in line with expectations. This was a regular meeting, presenting neither updated economic forecasts nor rate expectations and held in a […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Doji reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3790. Next, the price might break above the resistance level and continue its upward momentum. However, the quotes could correct to 1.3680 […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. However, the RSI has surpassed the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level and break above it, rising to the resistance at 5/8 (1.0864). The scenario might be […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0707, with the market expanding the range down to 1.0650. Today, the range could extend up to 1.0758. Practically, a further correction is possible. Once the correction is complete, the price could break below the range towards 1.0585. A breakout […]
EURUSD, “Euro vs US Dollar” EURUSD has found 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 Cloud’s lower boundary at 1.0675 is expected, followed by a rise to 1.0805. An additional signal confirming the rise will be […]