Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD quotes have broken the 200-day Moving Average on D1 and are currently below it, which reveals the probability of a downtrend development. The RSI has broken the support line. In this situation, a breakout of the 4/8 (1.0772) level is expected, followed by a price decline to the support […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting within a Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2635 is expected, followed by a decline to 1.2485. An additional signal confirming the decline will be a […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3600. Next, the price might break the resistance and develop an uptrend. However, a correction to 1.3500 is not excluded before the […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument continues going by the reversal signal in an ascending wave. The growth target might be the 2255.00 level. After testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might correct to 2210.50 before […]
Brent Brent quotes are above the 200-day Moving Average on D1, which indicates the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, a rebound from 4/8 (87.50) level is expected, followed by a rise towards the resistance at 5/8 (90.62). The scenario could be cancelled by a breakout […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave, reaching 1.0780. By now, the market has corrected to 1.0817. A decline wave targeting 1.0746 is forming today. Once the price reaches this level, a correction towards 1.0780 (testing from below) could start, with the movement continuing to the local target of […]
