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EURUSD, “Euro vs US Dollar” The EURUSD pair has performed a wave of decline to 1.0803. Today, the market is forming a consolidation range above this level, potentially further declining towards 1.0801. A subsequent correction towards 1.0830 is probable, followed by a potential decline to 1.0777, serving as a local target. GBPUSD, “Great Britain Pound […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument might follow the reversal signal in a descending wave. The decline target could be the 1.3650 support level. However, after testing the resistance, the price could return to 1.3775 and continue its […]
The British pound sterling is still ascending against the US dollar. The current exchange rate for GBPUSD stands at 1.2727. Yesterday’s published statistics revealed a decrease in British inflation. On a year-on-year basis, the Consumer Price Index in April fell to 2.3% from the previous 3.2%. The forecast had anticipated a more significant decline to […]
The primary currency pair looks weak. The current exchange rate for EURUSD stands at 1.0829. The publication of the minutes from the last meeting of the US Federal Reserve System turned out to be the driver that justified the market fluctuations. The overall sentiment of Fed monetary policymakers at the 30 April-1 May meeting was […]
XAUUSD, “Gold vs USD” XAUUSD has formed a Hammer pattern. Currently, the instrument may follow the reversal signal in an ascending wave. The growth target could be the 2425.00 resistance level. However, after testing the support, the price could pull back to 2345.00 before resuming its upward momentum. NZDUSD, “New Zealand Dollar vs US Dollar” […]