News

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a downward impulse, reaching 1.0751. The market has corrected to 1.0790 today and is currently developing another decline structure aiming for the local target of 1.0700. After the price reaches this level, a corrective phase is not ruled out, targeting 1.0744. Subsequently, the price could […]

EURUSD “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to break the 4/8 (1.0772) level and decline to the support at 3/8 (1.0620). The scenario might be cancelled by surpassing the […]

EURUSD, “Euro vs US Dollar” The EURUSD pair continues to develop the third decline wave, aiming for an estimated target of 1.0505. Another structure of this wave targeting 1.0610 has been completed. Today, a correction could develop towards 1.0760. Once it is complete, the price could decline to 1.0505 (as a minimum). Subsequently, a corrective […]

The Japanese yen, paired with the US dollar, declines again. The current USDJPY exchange rate stands at 155.82. The market speculates about the reason behind the yen’s strong movements this week. Although the Japanese authorities have not officially confirmed interventions to support the national currency, investors are convinced that there were financial injections, and twice. […]

The primary currency pair is rising on Thursday. The current EURUSD exchange rate stands at 1.0715. Another meeting of the US Federal Reserve closed neutrally, with the interest rate remaining at 5.5% per annum in line with expectations. This was a regular meeting, presenting neither updated economic forecasts nor rate expectations and held in a […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Doji reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3790. Next, the price might break above the resistance level and continue its upward momentum. However, the quotes could correct to 1.3680 […]