Brokers’ Analytics
AUDUSD is skyrocketing on Tuesday after decisions from the RBA. The Australian Dollar is quickly rising against the USD during Tuesday’s trading session. The current quote for the instrument is 0.7576. The Reserve Bank of Australia had another meeting this morning and decided to keep the benchmark interest rate intact at 0.10%, just as expected. […]
Copper prices have been trending higher for the fourth day in a row. Copper has risen to $9,682/t and as long as the buy-side sentiment holds prices could rise to $9,759-9,760. The upside trigger for copper was news about a Covid outbreak in China’s Yunnan province. One of the country’s main copper deposits is located […]
EURUSD, “Euro vs US Dollar” After rebounding from 1.1907 and breaking the consolidation range to the downside, EURUSD continues falling towards 1.1830. Later, the market may correct to reach 1.1870 and then start another decline with the target at 1.1771. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still consolidating around 1.3834. Possibly, the […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is approaching the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then resume falling to reach the support at 6/8. Still, this scenario may no longer be valid if the price breaks 8/8 to the upside. […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the downtrend continues. After testing the support area, the pair has formed several reversal patterns, including Harami and Doji. At the moment, EURUSD may reverse and start a new pullback towards the channel’s upside border. In this case, the correctional target may […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1839; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1860 and then resume moving downwards to reach 1.1695. Another signal in favor of a further downtrend will be a […]
Brent In the daily chart, after breaking the long-term 76.0% fibo and then reaching 75.70, Brent continues growing towards the long-term high at 87.09. However, a divergence on MACD may indicate a possible pullback or even a reversal. As we can see in the H1 chart, the asset is correcting after finishing the previous ascending […]
EURUSD continues falling; the “greenback” is waiting for the news. The major currency pair is slowly falling in anticipation of the American statistics. The current quote for the instrument is 1.1846. The statistics from the Euro Area published yesterday showed that the CPI Flash Estimate was 1.9% y/y in June, the same as expected, after […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after finishing the descending wave at 1.1830 and updating the low, EURUSD is expected to continue falling within the downtrend with the target at 1.1600. This month, the pair may correct to test 1.1900 from below and then resume trading downwards to […]
EURUSD, “Euro vs US Dollar” After rebounding from 1.1870 to the downside, EURUSD continues falling towards 1.1830. Later, the market may correct to return to 1.1870 and then start another decline with the target at 1.1771. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the descending structure at 1.3755. Possibly, today the pair […]