Category: Technial Analysis
The primary currency pair is consolidating on Tuesday. The current EURUSD exchange rate stands at 1.0784. The currency market is clearly conserving strength ahead of this week’s release of the US consumer price index report, projected to provide much insight into the Federal Reserve’s interest rate trajectory. According to the CME FedWatch monitor, the likelihood […]
The Australian dollar is declining against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6598. Investors are awaiting the details of the Australian government’s annual budget, which will be released today. The Labor Party government is anticipated to announce a new yearly budget surplus while the economy maintains high employment levels. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting following a breakout of the upper boundary of the descending corrective channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s lower boundary at 1.2525 is expected, followed by a rise to 1.2695. An additional signal confirming […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be the 1.0740 support level. However, the price could rise to 1.0845 and continue its upward momentum after testing […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has extended a consolidation range towards 1.0806. Today, a decline structure is forming, aiming for 1.0766. A breakout of this level will open the potential for a wave to 1.0744, with the trend potentially continuing to the local target of 1.0680. GBPUSD, “Great Britain Pound vs US […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI is testing the support line. In this situation, the price is expected to rebound from the 4/8 (0.6591) level and rise to the resistance at 6/8 (0.6713). The scenario […]
The New Zealand dollar, paired with the US dollar, is retreating. The current NZDUSD exchange rate stands at 0.6008. The position of the US dollar has stabilised, once again exerting pressure on the NZD. The market focus is shifting to the US inflation statistics, which are scheduled for release this week. The Reserve Bank of […]
The primary currency pair came to a halt on Monday. The current EURUSD exchange rate stands at 1.0770. The US dollar seems somewhat weary, while the currency market has intermittent risk appetite. All attention is currently focused on the US Federal Reserve interest rates. Last week, there were signals that the interest rate might remain […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is forming a consolidation range around 1.0760, with the range possibly expanding to 1.0795. With a downward breakout, a new decline wave could start, targeting 1.0684 and potentially continuing to the local target of 1.0580. GBPUSD, “Great Britain Pound vs US Dollar” The GBPUSD pair is forming […]
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 […]