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XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2390.00. After testing the resistance, the price could breach it and continue developing the uptrend. However, the quotes might correct towards 2290.50 before rising. NZDUSD, […]
EURUSD, “Euro vs US Dollar” EURUSD is rising towards the upper boundary of a Wolfe Wave descending pattern. The pair is going inside the Ichimoku Cloud, which suggests a sideways movement. A test of the Cloud’s upper boundary at 1.0715 is expected, followed by a decline to 1.0580. A rebound from the upper boundary of […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target could be the resistance level at 1.0700. However, the price could decline to 1.0600 and maintain its downward trajectory without testing […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, indicating the prevalence of a downtrend. However, a convergence has formed on the RSI. As a result, in this situation, the quotes are expected to rise above 2/8 (0.6469), later reaching the resistance at 4/8 (0.6591). The scenario could […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0650 without any strong trend. A price rise to 1.0693 is not ruled out, followed by a decline to the local target of 1.0585. After the price reaches this level, a correction to 1.0733 could start, followed by a decline […]
The British pound appears very weak against the US dollar. The current GBPUSD exchange rate stands at 1.2344. The pound is vulnerable due to the difference in the US and UK government bond yields, disparate economic prospects, and technical signals. GBP has been under pressure since mid-March, when the US dollar strengthened significantly. The Federal […]