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EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. However, the RSI has surpassed the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level and break above it, rising to the resistance at 5/8 (1.0864). The scenario might be […]

EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0707, with the market expanding the range down to 1.0650. Today, the range could extend up to 1.0758. Practically, a further correction is possible. Once the correction is complete, the price could break below the range towards 1.0585. A breakout […]

EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above the upper boundary of the descending channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s lower boundary at 1.0675 is expected, followed by a rise to 1.0805. An additional signal confirming the rise will be […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has gained a foothold above the upper boundary of the descending channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2505 is expected, followed by a rise to 1.2685. An additional signal confirming the rise could […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 2390.00. 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. […]

The Australian dollar appears strong against the US dollar. The current AUDUSD exchange rate stands at 0.6567. The Aussie surpassed a three-week high against its American counterpart as the USD slightly corrected its position ahead of this week’s meeting. It is worth noting that the Aussie has surged to its 11-year high against the JPY. […]