Latest Market News
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is declining following a rebound from the resistance level. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2650 is expected, followed by a decline to 1.2475. An additional signal confirming the decline will […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be the support level of 1.0775. However, the quotes could correct to 1.0870 and extend the downtrend after the […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on D1, revealing the prevalence of an uptrend. The RSI has broken the support line, escaping the overbought area. As a result, in this situation, a rebound from 6/8 (0.9033) is expected, followed by a price decline to the support at […]
The primary currency pair is moving upwards on Thursday. The current EURUSD exchange rate stands at 1.0844. The euro’s recovery against the US dollar is due to yesterday’s comments from Federal Reserve Chair Jerome Powell regarding future interest rates. In fact, he merely confirmed that the Fed would rely on recent statistics when making interest […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction towards 1.0786. The market has formed a consolidation range around this level and, with an upward breakout, enables a further potential correction towards 1.0847. Once the price reaches this level, another decline wave to 1.0700 is expected to start, with the trend potentially […]
The Japanese yen, paired with the US dollar, appears relatively weak but is not falling further. The current USDJPY exchange rate stands at 151.67. Japan’s finance minister, Shunichi Suzuki, faces a challenging task: he must reiterate the same message almost daily. While these may be verbal interventions, they no longer impact the market. Today, Suzuki […]