Day: May 13, 2024

The New Zealand dollar, paired with the US dollar, is retreating. The current NZDUSD exchange rate stands at 0.6008. The position of the US dollar has stabilised, once again exerting pressure on the NZD. The market focus is shifting to the US inflation statistics, which are scheduled for release this week. The Reserve Bank of […]

The primary currency pair came to a halt on Monday. The current EURUSD exchange rate stands at 1.0770. The US dollar seems somewhat weary, while the currency market has intermittent risk appetite. All attention is currently focused on the US Federal Reserve interest rates. Last week, there were signals that the interest rate might remain […]

EURUSD, “Euro vs US Dollar” The EURUSD pair is forming a consolidation range around 1.0760, with the range possibly expanding to 1.0795. With a downward breakout, a new decline wave could start, targeting 1.0684 and potentially continuing to the local target of 1.0580. GBPUSD, “Great Britain Pound vs US Dollar” The GBPUSD pair is forming […]

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 break the 4/8 (1.0772) level and decline to the support at 3/8 (1.0620). The scenario might be cancelled by surpassing the […]

EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s upper boundary at 1.0755 is expected, followed by a rise to 1.0885. An additional signal confirming the rise will be a rebound from the lower […]

USDCAD, “US Dollar vs Canadian Dollar” The USDCAD pair has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3785. Next, the price might break above the resistance level and continue its upward momentum. However, the quotes could correct […]