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The Japanese yen, paired with the US dollar, continues its steep decline. The current USDJPY exchange rate stands at 153.82. Japan’s Finance Minister Shunichi Suzuki reiterated this morning that he is closely monitoring currency movements to be fully prepared to make intervention decisions. Suzuki has been speaking out every day since the yen deepened its […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. However, the RSI has reached the oversold area. In this situation, a rebound from the 3/8 (1.0620) level is expected, followed by a rise to the resistance at 4/8 (1.0772). This move is interpreted […]
The primary currency pair is below the previous level on Monday. The current EURUSD exchange rate stands at 1.0650. The US dollar strengthened its position for two reasons. The Federal Reserve’s reactions to the US inflation data delayed the expected timing of a rate cut, pushing it back to September, and the Middle East conflict […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The correction target might be the support level at 1.0700. However, the quotes could drop to 1.0600 and continue the downtrend without any pullback. […]
EURUSD, “Euro vs US Dollar” The EURUSD pair completed a decline wave, reaching 1.0622. Today, the market is forming a consolidation range above this level. With an upward breakout, a correction phase targeting 1.0678 could follow. Once the correction is over, a new decline wave towards 1.0583 might start. A downward breakout will open the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the support level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Kijun-Sen line at 1.2525 is expected, followed by a decline to 1.2295. An additional signal confirming the decline will be a […]
