Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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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 […]
The primary currency pair is hardly moving on Wednesday. The current EURUSD exchange rate stands at 1.0853. The US dollar appears stable as the currency market conserves strength ahead of tonight’s release of the Federal Reserve’s last meeting minutes. Investors have already weighed calls for patience from some monetary policymakers and are now eager to […]
The New Zealand dollar is showing a steady rise against the US dollar. The current NZDUSD exchange rate stands at 0.6119. At its regular meeting, the Reserve Bank of New Zealand decided to keep the interest rate unchanged at 5.5% per annum, precisely as expected. In its comments, the RBNZ stated that monetary policy should […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to surpass the 6/8 (156.25) level and rise further to the 8/8 (162.50) resistance level. The scenario could be cancelled […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0857. Today, a downward breakout towards 1.0831 is expected. After the price reaches this level, a new narrow consolidation range might form. A downward breakout will open the potential for a wave towards the local target of 1.0780. GBPUSD, “Great […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the upper line of the bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2685 is expected, followed by a rise to 1.2935. An additional signal confirming the rise will be a […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the 1.0910 resistance level. However, the price could pull back to 1.0835 and continue its upward momentum after testing […]