Latest Market News
EURUSD, “Euro vs US Dollar” The EURUSD pair is forming a consolidation range around 1.0760, with the range possibly expanding to 1.0795. With a downward breakout, a new decline wave could start, targeting 1.0684 and potentially continuing to the local target of 1.0580. GBPUSD, “Great Britain Pound vs US Dollar” The GBPUSD pair is forming […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to break the 4/8 (1.0772) level and decline to the support at 3/8 (1.0620). The scenario might be cancelled by surpassing the […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s upper boundary at 1.0755 is expected, followed by a rise to 1.0885. An additional signal confirming the rise will be a rebound from the lower […]
USDCAD, “US Dollar vs Canadian Dollar” The USDCAD pair 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 1.3785. Next, the price might break above the resistance level and continue its upward momentum. However, the quotes could correct […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI is approaching the support line. In this situation, the price is expected to surpass the 4/8 (0.6591) level and rise to the resistance at 6/8 (0.6713). The scenario could […]
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 2350.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2300.00 before rising. […]