USD/JPY: a SELL opportunity
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
AUD/CAD: the range is about to break
Information is not investment advice
AUD/CAD is consolidating in the narrow range between 0.92 and 0.9160 for the fifth day. On the one hand, there’s bullish divergence on D1 and an advance above 0.92 will open the way up to 0.9215 and 0.9250 (50% Fibo of the June decline). On the other hand, the fall below 0.9160 will be in line with the major downtrend and lead the pair towards 0.9130 and probably lower. All in all, in the most short-term, the pair will more likely remain under pressure.
Elizabeth Belugina
Similar
USD/CAD looks vulnerable
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
GBP/USD may go for resistance
The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1.
Popular
Tesla: two reasons why it dropped
Tesla dropped amid the wider stock sell-off and by that erased all its gains for this year. Is it a good time to buy it or not yet?
USD/JPY : trading at 8 month high
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…
Japanese Yen skyrockets as risk off gains momentum
Ichimoku Kinko Hyo NZD/JPY: The pair is trading below the cloud…
Choose your payment system
