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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the indicator’s signal lines. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2670 is expected, followed by a decline to 1.2475. An additional signal confirming the decline will be a […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. However, the RSI is in the overbought area. As a result, in this situation, the price is expected to break below the 6/8 (0.9033) level, falling to the support at 5/8 (0.8911). The scenario could […]
The New Zealand dollar remains weak in the pair with the US dollar. The current NZDUSD exchange rate stands at 0.5993. There are reshuffles planned within the Reserve Bank of New Zealand committee. The two new members joining the RBNZ will face numerous challenges. New Zealand’s economy is in a recession phase, with expectations for […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target remains the resistance at 1.0865. However, the quotes could correct to 1.0795 and resume the uptrend after the correction. USDJPY, “US […]
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range around 1.0823. By now, it has expanded the range downwards to 1.0808. Today the market has performed a technical test of 1.0823 from below. With an upward escape from the range, a further correction towards 1.0860 is not excluded. With a downward […]
The primary currency pair is heading downwards on Thursday. The current EURUSD exchange rate stands at 1.0823. Overall, the market sentiment easily fits into consolidation as the decline does not appear agitated. Investors are conserving energy before new economic statistics from the US are released, particularly before tomorrow’s Core PCE report. This is the Federal […]