Day: May 15, 2024
The Australian dollar, paired with the US dollar, rose on Wednesday. The current AUDUSD exchange rate stands at 0.6644. The Aussie is appreciating due to the weakening US dollar and the market’s anticipation of today’s release of April’s inflationary statistics. Investors believe that the Federal Reserve has a chance to lower interest rates this year. […]
The primary currency pair is advancing on Wednesday. The current EURUSD exchange rate stands at 1.0822. Upbeat comments from Jerome Powell, the US Federal Reserve chair, regarding the state of the US economy weighed on the US dollar. He gave a relatively confident outlook on GDP growth rates. Powell believes that the economy is still […]
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 2400.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2340.00 before rising. […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has received support at the 1.0766 level and completed a growth structure, reaching 1.0805. A narrow consolidation range has formed around this level. Today, with an upward breakout, a rise to 1.0827 is expected, followed by a potential decline to 1.0805 (testing from above). Subsequently, the price […]
EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0795 is expected, followed by a rise to 1.0920. An additional signal confirming the rise will be a rebound from the lower boundary of […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has surpassed the resistance line. In this situation, the pair is expected to rise further to 7/8 (159.37). The scenario could be cancelled by a breakout of the 5/8 (153.12) support level. In […]