JPY is declining again. Overview for 17.05.2024
The Japanese yen, paired with the US dollar, is retreating at the end of the week. The current USDJPY exchange rate stands at 155.77.
Morning data showed that the Bank of Japan had kept the volume of bond purchases the same, refraining from...
Murrey Math Lines 17.05.2024 (Brent, S&P 500)
Brent
Brent quotes have broken below the 200-day Moving Average on D1, indicating the potential development of a downtrend. However, convergence has formed on the RSI. As a result, in this situation, the price is expected to surpass the 3/8 (84.38)...
Murrey Math Lines 16.05.2024 (USDCHF, XAUUSD)
USDCHF, "US Dollar vs Swiss Franc"
USDCHF quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI is testing the support line. In this situation, the price is expected to surpass the 6/8 (0.9033) level and rise to...
JPY "revives". Overview for 16.05.2024
The Japanese yen, paired with the US dollar, has significantly strengthened. The current exchange rate for USDJPY stands at 153.88.
The yen found support as the US dollar fell. Following the release of inflation data the previous day, the likelihood of a...
Murrey Math Lines 15.05.2024 (USDJPY, USDCAD)
USDJPY, "US Dollar vs Japanese Yen"
USDJPY quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has surpassed the resistance line. In this situation, the pair is expected to rise further to 7/8 (159.37). The...
EURUSD has reached a new five-week peak. Overview for 15.05.2024
The primary currency pair is advancing on Wednesday. The current EURUSD exchange rate stands at 1.0822.
Upbeat comments from Jerome Powell, the US Federal Reserve chair, regarding the state of the US economy weighed on the US...
Japanese Candlesticks Analysis 14.05.2024 (EURUSD, USDJPY, EURGBP)
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...
EURUSD reached equilibrium. Overview for 14.05.2024
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...
Murrey Math Lines 13.05.2024 (EURUSD, GBPUSD)
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...
NZD is declining. Overview for 13.05.2024
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...
Murrey Math Lines 08.05.2024 (AUDUSD, NZDUSD)
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 approaching the support line. In this situation, the price is expected to...
AUD is declining. Overview for 08.05.2024
The Australian dollar, paired with the US dollar, is retreating. The current AUDUSD exchange rate stands at 0.6577.
The Reserve Bank of Australia left the interest rate unchanged at 4.35% after its Monday meeting. Overall, the RBA maintained a cautious...
Ichimoku Cloud Analysis 07.05.2024 (EURUSD, AUDUSD, USDJPY)
EURUSD, "Euro vs US Dollar"
EURUSD is testing 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 1.0745 is expected, followed by a rise to 1.0875...
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Murrey Math Lines 02.05.2024 (EURUSD, GBPUSD)
EURUSD, "Euro vs US Dollar"
EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. However, the RSI has surpassed the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level and...
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