Euro/Dollar’s 1 and 4-hour charts have mostly green signals, but daily range brings 5 neutral indicators. Interbank sentiment is bearish at close to 18% short. Pound/Dollar has green prompts across all three time ranges, but the 15% short interbank points in a different direction. Dollar/Yen’s short and mid term charts both have 7 buy signals. Daily models show mixed results. Interbank sentiment is neutral at less than 2% long. Pound/Yen’s 1 and 4-hour charts have 7 green signals each and daily range brings 4 buy prompts. Interbank stance is neutral, almost at an even balance. Euro/Yen’s short and mid term technicals are mostly pointing up, but daily outlook shifts to neutral. The close to 16% long interbank is bullish, just like the 1 and 4-hour models.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
Recommended Content
Editors’ Picks
EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800, as traders lack directional impetus amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold ends Q1 2024 at record highs, what’s next?
Gold is sitting at an all-time high of $2,236, lacking a trading impetus amid holiday-thinned conditions on Good Friday. Most major world markets, including the United States are closed in observance of Holy Friday, leaving volatility around Gold price highly subdued.
Ripple's move above this key level could trigger nearly 50% rally for XRP
Ripple price has overcome a critical resistance level and flipped into a support floor on the weekly time frame. This development happened while XRP tightly consolidated for roughly 250 days.
US core PCE inflation set to ease in February on month as Federal Reserve rate cut bets for June mount
The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in February. The revised Summary of Projections showed that policymakers upwardly revised end-2024 core PCE forecast to 2.6% from 2.4%.