News

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3555. Next, the price might have a chance for a breakout of the level and further development of the uptrend. However, the […]

EURUSD, “Euro vs US Dollar” EURUSD is correcting after a rebound from the lower boundary of the descending channel. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Kijun-Sen line at 1.0795 is expected, followed by a decline to 1.0615. An additional signal confirming the decline could […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 2045.00. Upon testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might pull back to 2015.50 before rising. […]

The primary currency pair halted its decline on Tuesday but appears weak. The current EURUSD exchange rate stands at 1.0744. The euro is currently at its lowest point since 8 December of the previous year. The market is still absorbing information received earlier from the US Federal Reserve. This pertains to the comments made by […]

FTSE Stuck in Range The FTSE remains within a tight block of consolidation this week as the recent range persists for now. The index attempted a breakout higher earlier today but met selling resistance into last week’s highs. Dovish comments from BOE chief economist Pill yesterday are certainly seen as favourable for the index though […]

The economic tale of two continents persisted through the final quarter of 2023, with the United States outpacing the euro area yet again. According to recent data, the US economy expanded by 0.8% quarter-on-quarter, while economic activity stagnated in the euro area. This divergence brings the 2023 GDP growth rate to 2.5% in the US […]