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Murrey Math Lines 27.05.2024 (EURUSD, GBPUSD) EURUSD, “Euro vs US Dollar” EURUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI has breached the resistance line. In this situation, the price is expected to surpass the 5/8...

JPY has strengthened. Overview for 27.05.2024 The Japanese yen has moderately risen against the US dollar. The current USDJPY pair stands at 156.73. Bank of Japan monetary policymakers are actively commenting on current developments. Bank of Japan Governor Kazuo Ueda noted that it is premature...

Ichimoku Cloud Analysis 24.05.2024 (GBPUSD, AUDUSD, XAUUSD) GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has consolidated under the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected...

EURUSD shows no resistance. Overview for 24.05.2024 The primary currency pair continues to weaken at the end of the week. The current exchange rate for EURUSD stands at 1.0805. May statistics showed that business activity in the US accelerated to the highest level in two years. The preliminary...

Murrey Math Lines 23.05.2024 (USDCHF, XAUUSD) USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes on the D1 period are above the 200-day Moving Average, indicating the prevailing upward trend. The Relative Strength Index has overcome the resistance line. In this situation, we expect the 7/8...

GBP is appreciating. Overview for 23.05.2024 The British pound sterling is still ascending against the US dollar. The current exchange rate for GBPUSD stands at 1.2727. Yesterday's published statistics revealed a decrease in British inflation. On a year-on-year basis, the Consumer Price Index...

RoboForex: upcoming changes to the trading schedule (the Memorial Day in the US and the Late May Spring Bank Holiday in the UK) Dear Clients and Partners, Please note the upcoming adjustments to the trading schedule. Holiday: the Memorial Day in the US and the Late May Spring Bank Holiday...

Japanese Candlesticks Analysis 22.05.2024 (EURUSD, USDJPY, EURGBP) EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the 1.0910...

EURUSD activity has declined. Overview for 22.05.2024 The primary currency pair is hardly moving on Wednesday. The current EURUSD exchange rate stands at 1.0853. The US dollar appears stable as the currency market conserves strength ahead of tonight’s release of the Federal Reserve’s last...

Murrey Math Lines 21.05.2024 (AUDUSD, NZDUSD) AUDUSD, “Australian Dollar vs US Dollar” AUDUSD 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 rebound from the 5/8 (0.6652) level...

GBP is rising higher. Overview for 21.05.2024 The British pound is strengthening its position against the US dollar. The current GBPUSD exchange rate stands at 1.2709. The pound appears steady, supported by the local decline in the US dollar and comments from monetary policymakers. In his...

Japanese Candlesticks Analysis 20.05.2024 (XAUUSD, NZDUSD, GBPUSD) XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2485.00. After testing the resistance level, the price...

EURUSD is slightly higher. Overview for 20.05.2024 The primary currency pair looks lively on Monday. The current EURUSD exchange rate stands at 1.0880. This morning, the exchange rate touched 1.0895, marking a two-month peak tested last week. The market will soon mainly focus on the core PCE...

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...