Category: Technial Analysis
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target might be the 2320.00 level. After testing the support, the price could rebound from it and continue its upward momentum. However, the quotes could rise to 2385.00 […]
The primary currency pair is consolidating on Thursday following yesterday’s failure. The current EURUSD exchange rate stands at 1.0743. Yesterday’s signals, including the release of March’s inflation statistics and the minutes of the Federal Reserve’s previous meeting, provided massive support for the US dollar. The consumer price index in the US rose by 0.4% m/m […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the support level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2585 is expected, followed by a decline to 1.2395. An additional signal confirming the decline will be a […]
The Japanese yen has dropped even deeper against the US dollar. The current USDJPY exchange rate stands at 152.98. The yen collapsed under pressure from the US dollar after US treasury bond yields rose. This happened amid the publication of March inflation statistics, which completely inverted market expectations. Now, the market believes that the wide […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave at 1.0880. Today the market is forming a decline structure aiming 1.0822. Once this level is reached, a correction link targeting 1.0852 (testing from below) is not excluded. Next, a decline by the trend towards 1.0777 is expected, from which level the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Engulfing 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 support level at 1.0815. However, the price could correct to 1.0890 and maintain its downward trajectory after a […]
The New Zealand dollar continues to rise against the US dollar. The current NZDUSD exchange rate stands at 0.6074. The NZD has currently reached a three-week high against the USD. This follows the Reserve Bank of New Zealand’s decision to leave the interest rate unchanged at 5.5% at its April meeting, as expected. This marks […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes remain in the overbought area on D1. The RSI is testing the resistance line. In this situation, a breakout of +1/8 (151.56) is expected, followed by a price decline to the support at 7/8 (148.43). The scenario might be cancelled by rising above +2/8 (153.12), which could […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the signal lines of the indicator. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0835 is expected, followed by a rise to 1.0980. An additional signal confirming the rise will be a rebound from the […]
The Japanese yen remains in a weakened position against the US dollar. The current USDJPY exchange rate stands at 151.80. Bank of Japan governor Kazuo Ueda finally clarified the Japanese regulator’s future actions. The monetary policymaker noted that the BoJ will not directly react to the yen’s exchange rate fluctuations. In this way, the Bank […]