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The Australian dollar is declining smoothly against the US dollar. The current AUDUSD exchange rate stands at 0.6499. Morning statistics showed that the PMI in the services sector rose to 53.1 points in February from 49.1 points earlier. The forecast expected an increase to 52.8 points. The fact that the indicator returned above the psychologically […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a further decline to the 0/8 (0.6469) is expected, while the scenario could be cancelled by rising above the resistance at 2/8 (0.6530). […]
TitleEURGBP Day | Potential bullish breakout TypeBullish Breakout Preference:The price is on the pivot at 0.85536and it could continue to trend higher and breakout of the pivot point. A breakout could lead the price to rise to the 1st resistance at 0.86209, the overlap resistance that aligns with 61.8% Fibonacci retracement. Alternative scenario:Price could reverse […]
BTC Rally Continues Bitcoin prices touched their highest level on record over night, before softening back a touch for now. BTC futures reached highs of 69595 overnight, eclipsing the prior all-time-highs of 69355, set in November 2021. The leading crypto coin has been on an impressive run higher in recent weeks, up almost 80% from […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave to 1.0866. A correction structure to 1.0843 (testing from above) is expected today. Once the correction is over, a growth structure to 1.0880 is not excluded. Next, a new decline wave to 1.0840 is expected to begin. This is the first target. […]
XAUUSD, “Gold vs US Dollar” Gold is rising within the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2100 is expected, followed by a rise to 2145. An additional signal confirming the rise will be a rebound from the lower boundary of […]