Day: May 23, 2024
The British pound sterling is still ascending against the US dollar. The current exchange rate for GBPUSD stands at 1.2727. Yesterday’s published statistics revealed a decrease in British inflation. On a year-on-year basis, the Consumer Price Index in April fell to 2.3% from the previous 3.2%. The forecast had anticipated a more significant decline to […]
The primary currency pair looks weak. The current exchange rate for EURUSD stands at 1.0829. The publication of the minutes from the last meeting of the US Federal Reserve System turned out to be the driver that justified the market fluctuations. The overall sentiment of Fed monetary policymakers at the 30 April-1 May meeting was […]
XAUUSD, “Gold vs USD” XAUUSD has formed a Hammer pattern. Currently, the instrument may follow the reversal signal in an ascending wave. The growth target could be the 2425.00 resistance level. However, after testing the support, the price could pull back to 2345.00 before resuming its upward momentum. NZDUSD, “New Zealand Dollar vs US Dollar” […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes on the D1 period are above the 200-day Moving Average, indicating the prevailing upward trend. The Relative Strength Index has overcome the resistance line. In this situation, we expect the 7/8 (0.9155) level to be surpassed, followed by a price increase to the resistance at 8/8 (0.9277). […]
EURUSD, “Euro vs US Dollar” The EURUSD pair performed a wave of decline to the 1.0818 level. Today, the market is forming a consolidation range above this level. A decline towards 1.0780 could occur, followed by a rise towards 1.0830, representing the local target for the correction wave. GBPUSD, “Great Britain Pound vs US Dollar” […]
EURUSD, “Euro vs US Dollar” EURUSD has consolidated under the lower border of the bullish channel. The pair is moving inside the Ichimoku Cloud, suggesting a sideways movement. A test of the upper boundary of the Cloud indicator at 1.0845 is expected, followed by a fall to 1.0695. A rebound from the lower boundary of […]