Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the Kijun-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2365 is expected, followed by a decline to 1.2245. An additional signal confirming the decline will be a rebound […]
The Japanese yen, paired with the US dollar, paused in the morning but has since resumed its decline. The current USDJPY exchange rate stands at 154.78. Today, the USDJPY pair reached a new 34-year high of 154.80, prompting further commentary from Japanese policymakers within the framework of verbal interventions. Japan’s finance minister, Shunichi Suzuki, referred […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is correcting after a rebound from the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of lower boundary of the Cloud at 1.0675 is expected, followed by a decline to 1.0535. An additional signal confirming the […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is approaching the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level, rebound from it, and decline to the support at 2/8 (1.0498). The scenario might be cancelled […]
The Australian dollar, paired with the US dollar, looks neutral on Monday. The current AUDUSD exchange rate stands at 0.6437. The Aussie is showing moderate gains today but remains confined within a narrow trading range. The local improvement is due to the stabilisation of investors’ risk appetite and the improvement of the global geopolitical situation, […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3800. Next, the price might break above the resistance level and continue its upward momentum. However, the quotes could correct to 1.3690 […]
The primary currency pair maintains its upward trajectory on Monday. The current EURUSD exchange rate stands at 1.0663. Recent comments from the US Federal Reserve have led investors to reconsider global interest rate cut timelines. Meanwhile, the European Central Bank is believed to start reducing the interest rate in the mid-year. ECB member Madis Muller […]
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range around 1.0650. A growth link targeting 1.0693 is not excluded, after which a decline towards 1.0585 might follow. This is a local target. Once this level is reached, a correction to 1.0733 could begin, followed by a decline to 1.0440. GBPUSD, “Great […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has exited the Triangle pattern. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.2425 is expected, followed by a decline to 1.2275. An additional signal confirming the decline will be a rebound from the lower […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction structure towards 1.0689. Today the market has formed a decline wave to 1.0610 and a growth link towards 1.0638 (testing from below). The decline wave is expected to extend to 1.0585. This is a local target. Once this level is reached, a correction […]
The New Zealand dollar, paired with the US dollar, is declining on Friday. The current NZDUSD exchange rate stands at 0.5882. Investors are avoiding risks, which affects the New Zealand dollar, among other factors. The geopolitical factor in the Middle East currently plays a significant role as the primary market catalyst. Moreover, the US Federal […]
The Japanese yen, paired with the US dollar, is not declining yet but does not appear strong. The current USDJPY exchange rate stands at 154.39. Bank of Japan governor Kazuo Ueda noted that the regulator might raise interest rates if the weakness of the Japanese yen leads to a sustained rise in prices due to […]