Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD is correcting within a Triangle pattern. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s upper boundary at 1.0845 is expected, followed by a rise to 1.0985. An additional signal confirming the rise will be a rebound from the lower boundary […]
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 2485.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2420.00 before rising. […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI has surpassed the resistance line. In this situation, the price is expected to rise further to 6/8 (1.0986). The scenario might be cancelled by a breakout of the 5/8 (1.0864) […]
The primary currency pair looks lively on Monday. The current EURUSD exchange rate stands at 1.0880. This morning, the exchange rate touched 1.0895, marking a two-month peak tested last week. The market will soon mainly focus on the core PCE data, a key inflation indicator used by the Federal Reserve to gauge price pressure. This […]
The New Zealand dollar continues to appreciate against the US dollar. The current NZDUSD exchange rate stands at 0.6131. Investors are eagerly awaiting the Reserve Bank of New Zealand’s next meeting. The RBNZ is expected to keep the current monetary policy structure unchanged for the seventh consecutive time. The interest rate may remain at 5.5% […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0858, with the market extending the range towards 1.0880 today. A decline to 1.0858 (testing from above) is expected. With an upward breakout, the wave might expand to 1.0906, potentially rising to 1.0914. With a downward breakout, a decline towards […]