Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold above the upper boundary of the descending channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0830 is expected, followed by a rise to 1.0955. An additional signal confirming the rise could be a […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave, reaching 1.0791. Today, the market may correct towards 1.0845. After the price reaches this level, another decline wave to 1.0778 is expected to start, with the trend potentially continuing to the local target of 1.0714. GBPUSD, “Great Britain Pound vs US Dollar” […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave to 1.0870. Today the market has started a new structure of a decline wave. The first target is 1.0795. Once this level is reached, a correction link to 1.0833 might follow (testing from below). Next, a decline towards 1.0755 could form, from […]
The Japanese yen strengthened slightly against the US dollar on Friday. The current USDJPY exchange rate stands at 151.13. Japanese monetary policymakers continue to intervene verbally. Finance Minister Shunichi Suzuki noted today that excessive fluctuations in the yen’s exchange rate are undesirable. Japanese authorities are prepared to take measures to avoid a sharp decline in […]
Brent Brent 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 rebound from the 5/8 (90.62) level and drop to the support at 4/8 (87.50). The scenario could be cancelled by breaking […]
The New Zealand dollar, paired with the US dollar, has come to a pause. The current NZDUSD exchange rate stands at 0.6006. The Kiwi dollar has regained a relatively stable position. The market turned in favour of currencies other than the US dollar after Federal Reserve officials once again expressed their doubts about the likelihood […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is declining following a rebound from the resistance level. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2650 is expected, followed by a decline to 1.2475. An additional signal confirming the decline will […]
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 might be the support level of 1.0775. However, the quotes could correct to 1.0870 and extend the downtrend after the […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on D1, revealing the prevalence of an uptrend. The RSI has broken the support line, escaping the overbought area. As a result, in this situation, a rebound from 6/8 (0.9033) is expected, followed by a price decline to the support at […]
The primary currency pair is moving upwards on Thursday. The current EURUSD exchange rate stands at 1.0844. The euro’s recovery against the US dollar is due to yesterday’s comments from Federal Reserve Chair Jerome Powell regarding future interest rates. In fact, he merely confirmed that the Fed would rely on recent statistics when making interest […]