Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The primary currency pair remains in positive territory on Thursday. The current EURUSD exchange rate stands at 1.0885. The US dollar experienced a decline, and risk appetite surged immediately after the release of the latest US inflation and retail sales reports. In April, the core consumer price index dropped to 3.6% y/y from 3.8%, and […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has exited the consolidation range upwards and completed a corrective wave, reaching 1.0894. Today, a decline wave could develop, aiming for 1.0805. After reaching this level, the price could rise to 1.0850 (testing from below) and then decline to 1.0770, with the trend potentially continuing to the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Engulfing reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The correction target could be 1.3660. Next, the price might rebound from the resistance level and continue its downward momentum. However, the quotes could decline to 1.3555 […]
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 […]
The primary currency pair is consolidating on Tuesday. The current EURUSD exchange rate stands at 1.0784. The currency market is clearly conserving strength ahead of this week’s release of the US consumer price index report, projected to provide much insight into the Federal Reserve’s interest rate trajectory. According to the CME FedWatch monitor, the likelihood […]
The Australian dollar is declining against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6598. Investors are awaiting the details of the Australian government’s annual budget, which will be released today. The Labor Party government is anticipated to announce a new yearly budget surplus while the economy maintains high employment levels. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting following a breakout of the upper boundary of the descending corrective channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s lower boundary at 1.2525 is expected, followed by a rise to 1.2695. An additional signal confirming […]