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The Australian dollar in pair with the US dollar lost balance and dropped. The current quote is 0.6707. At the meeting that closed today, the Reserve Bank of Australia lifted the interest rate by just 25 base points to 3.6% per annum. This decision went in line with the forecasts. This is the tenth increase […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are in the oversold area. The RSI has pushed off the support level and is aiming up. As a result, the price should rise above 0/8 (1.0742) and grow to the resistance level of 1/8 (1.0864). The scenario can be cancelled by a downward breakaway of […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed an Invertes Hammer reversal pattern. The pair is now going by the signal in an ascending wave. The target of the growth might be 1.0700. However, the palrice may drop to 1.0580 and continue the downtrend without pulling back to […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0648. Today a new structure of decline to 1.0570 should start. After this level is reached, a consolidation range should form. With an escape downwards, a pathway for a wave down to 1.0490 should open. GBPUSD, “Great Britain Pound vs […]
EURUSD, “Euro vs US Dollar” The currency pair is correcting in a descending channel. The instrument is going above the Ichimoku Cloud, which indicates prevalence of an uptrend. A test of the upper border of the Cloud is expected at 1.0610, followed by growth to 1.0795. An additional signal confirming the growth will be a […]
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