Market Analysis

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave at 1.0664. After the correction, the market continues developing a decline wave to 1.0585. A wave structure towards 1.0606 has been formed by now. A technical test of 1.0622 is expected today, followed by a decline to 1.0585. This is a local […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a breakout of the 1/8 (0.6408) level is expected, followed by a price decline to the support at 0/8 (0.6437). The scenario might […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the lower boundary of the bearish channel. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0635 is expected, followed by a decline to 1.0510. An additional signal confirming the decline could be a rebound from the […]

The British pound, paired with the US dollar, attempted to recover but without success. The current GBPUSD exchange rate stands at 1.2437. Yesterday’s release of US retail sales data reduced the pound’s ability to recover from its sharpest decline since June. The UK will publish statistical data on the employment market on Tuesday and inflation […]

The main currency pair is still declining on Tuesday. The current EURUSD exchange rate stands at 1.0613 Yesterday, the US released a retail sales report for March, which caused increased market turbulence. The report showed a 0.7% m/m increase, surpassing the forecasted 0.4% and the previous value of 0.9%. Strong retail sales are a powerful […]

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 2430.00. After testing the resistance level, the price could break above it and maintain its upward trajectory. However, the quotes could correct to 2360.00 before rising. […]

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 […]