Forex Analysis for XAU/USD

17.04.2023EURUSD, “Euro vs US Dollar”The currency pair has completed an impulse of decline to 1.0970. Today the market is forming a consolidation range above this level. With a breakout of the range downwards, a decline to 1.0933 could follow. After the price reaches this level, a link of correction...

EUR/USD: The Dollar Continues to Sink The DXY dollar index updated a 12-month low last week, and EUR/USD, respectively, rose to a maximum (1.1075) since April 04, 2022. The US currency has been falling for the fifth week in a row: the longest series since summer 2020. The dollar received a serious....

14.04.2023EURUSD, “Euro vs US Dollar”EURUSD has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.1035 is expected, followed by growth to 1.1325. An additional signal confirming the growth will be a reb...

14.04.2023XAUUSD, “Gold vs US Dollar”At the resistance, gold has formed a Hanging Man reversal pattern. The instrument is now going by the reversal signal in a descending wave. The target for the pullback might be 2025.50. Upon testing the support, the price could rebound from it and continue the up...

14.04.2023EURUSD, “Euro vs US Dollar”EURUSD has escaped the consolidation range upwards and could now extend the wave to 1.1090. After the price reaches this level, a link of decline to 1.1003 is not excluded. Next, the price could grow to 1.1144 and extend the wave to 1.1175. Then a decline to 1.10...

13.04.2023USDCHF, “US Dollar vs Swiss Franc”On H4, USDCHF quotes are in the oversold area. The RSI has broken the resistance line. A breakout of -1/8 (0.8972) and growth of the price to the resistance at 1/8 (0.9094) are to be expected. The scenario can be canceled by a downward breakout of the supp...

13.04.2023EURUSD, “Euro vs US Dollar”The currency pair broke a consolidation range upwards and completed a structure of growth to 1.1000. Today the market is forming an impulse of decline to 1.0980. After the price hits this level, a correction to 1.0992 could follow. Then a new wave of decline to 1...

12.04.2023EURUSD, “Euro vs US Dollar”EURUSD is growing in a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0870 is expected, followed by growth to 1.1105. An additional signal confirming the growth will be a ...

12.04.2023EURUSD, “Euro vs US Dollar”The currency pair is consolidating around 1.0915. Today the range could extend to 1.0935. Then a decline to 1.0882 and growth back to 1.0915 could follow. If the price breaks the range downwards, a new wave of decline to 1.0794 could begin.GBPUSD, “Great Britain ...

11.04.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a wave of decline to 1.0831. Today the market is forming a correction to 1.0894. After the price reaches this level, a wave of decline to 1.0815 could start, having a chance to continue to 1.0780.GBPUSD, “Great Britain Pound vs US ...

11.04.2023XAUUSD, “Gold vs US Dollar”Near the resistance, gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the growth might be 2050.00. After testing the resistance, the price could break it and continue the upt...

10.04.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a wave of decline to 1.0876. Today the market is forming a consolidation range above this level. If the price escapes it upwards, a link of correction to 1.0924 is not excluded, followed by a decline to 1.0830. Breaking the range d...

EUR/USD: Fed rate Divination Continues The dollar seems to be either weakening or not. On the one hand, the DXY dollar index updated a two-month low on April 4, falling below the support of 101.50, and EUR/USD rose to a new high of 1.0972. On the other hand, the pair returned by the end of last we....

07.04.2023GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is pushing off the Tenkan-Sen line of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2395 is expected, followed by growth to 1.2685. An additional signal confirmi...

07.04.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a link of correction to 1.0936. Today the price could fall to 1.0899. Then a link of growth to 1.0938 is not excluded, followed by a drop to 1.0850. The target is local.GBPUSD, “Great Britain Pound vs US Dollar”The currency pair co...

06.04.2023XAUUSD, “Gold vs US Dollar”Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1990.00. After testing the support, the price could rebound from it ...

06.04.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a link of decline to 1.0906. Today the market is forming a consolidation range around this level. The price could decline to 1.0840. Next, a link of growth to 1.0960 is not excluded. After the price reaches this level, a wave of de...

06.04.2023USDCHF, “US Dollar vs Swiss Franc”On H4, the quotes have rebounded from 0/8 (0.9033), which indicates probable development of a correction. The RSI has broken the resistance line. In this situation, a test of 1/8 (0.9094) is expected. Then the price could break it and grow to the resistanc...

05.04.2023USDJPY, “US Dollar vs Japanese Yen”USDJPY is pushing off the support area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 131.35 is expected, followed by growth to 136.55. An additional signal confirming the decline w...

05.04.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a link of growth to 1.0972. Today the market is forming a consolidation range under this level. Next, the price could fall to 1.0925, and then a link of growth to 1.0977 is not excluded. After the quotes reach this level, a wave of...

04.04.2023GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2335 is expected, followed by growth to 1.2585. An additional signal confirming the decline will ...

04.04.2023EURUSD, “Euro vs US Dollar”The currency pair completed a link of growth to 1.0862. The market has formed a consolidation range around it. If the price breaks the range upwards, it could be extended to 1.0915. A link of correction to 1.0862 (a test from above) could develop today. Then grow...

03.04.2023EURUSD, “Euro vs US Dollar”The currency pair continues developing a consolidation range around 1.0700. At the moment, the market has extended it up to 1.0928. If the price breaks it upwards, a pathway for growth to 1.1080 will open. If the price breaks the range downwards, the structure of...

03.04.2023XAUUSD, “Gold vs US Dollar”Near the resistance, gold has formed a Shooting Star reversal pattern. The instrument is now going by the reversal signal in a descending wave. The target for the correction might be 1920.00. Upon testing the support, the price could rebound from it and continue ...

03.04.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a link of decline to 1.0800. Today the market is forming a consolidation range around this level. If the price escapes the range downwards, a wave of decline to 1.0740 might follow. And if the pair breaks this level as well, a stru...

EUR/USD: Why the Dollar Fell Last week passed without sharp jumps. The dollar continued to fall in price, and EUR/USD returned by March 30 to where it was traded seven days before. The local maximum was fixed at 1.0925, and the five-day period finished at 1.0842. The dollar continues to be pressure....

31.03.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a link of growth to 1.0925. Today the market is forming a consolidation range under this level. If the price escapes the range downwards, we expect a wave of decline to 1.0870. And if this level also breaks downwards, a pathway for...

30.03.2023EURUSD, “Euro vs US Dollar”The currency pair continues developing a consolidation range around 1.0844. Extension of the range to the level of 1.0870 is not excluded. Next, we expect a decline to 1.0820, followed by a link of growth to 1.0844. After the price reaches this level, it could dr...

30.03.2023USDCHF, “US Dollar vs Swiss Franc”On H4, USDCHF are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI have rebounded from the resistance line. In this situation, we should expect the price to test the level of 2/8 (0.9155), break it, and fall to the s...

29.03.2023XAUUSD, “Gold vs US Dollar”Near the support level, Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the growth could be 2000.00. Upon testing the resistance, the price will get the chance to break it a...