Day: May 17, 2024

EURUSD, “Euro vs US Dollar” EURUSD is testing the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0835 is expected, followed by a rise to 1.0975. An additional signal confirming the rise will be a rebound from the lower boundary of […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a corrective wave. The decline target could be the 1.0835 support level. However, the price could rise to 1.0910 and continue its upward momentum without testing […]

The Japanese yen, paired with the US dollar, is retreating at the end of the week. The current USDJPY exchange rate stands at 155.77. Morning data showed that the Bank of Japan had kept the volume of bond purchases the same, refraining from taking action after reducing the volume earlier in the week. Investors speculated […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth phase, reaching 1.0890. Today, a consolidation range could form around this level, possibly extending to 1.0909. Next, a decline wave might start, aiming for 1.0820 and potentially continuing to the first target of 1.0730. GBPUSD, “Great Britain Pound vs US Dollar” The GBPUSD […]