GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
AUD/NZD looks vulnerable
Information is not investment advice
AUD/NZD has been forming a series of lower highs since April. This week the pair settled below the 100-day MA at 1.0500. It retraced 61.7% of the March-April advance. This Fibo level is currently providing support in the 1.0440 area. The decline below it will open the way down to 1.0370 (78.6% Fibo). The return above 1.0470 is needed to start a bullish correction.
Elizabeth Belugina
Similar
How to trade WTI oil
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.
EUR/NZD: where to sell?
EUR/NZD formed a “hanging man” pattern on the W1 and went down to trade below the 100- and 50-week MAs.
Popular
GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
TRY: questionable grounds
The Turkish Central Bank is on a rate-cutting path; on February 19 it will make another announcement. What's the logic behind?
How to trade WTI oil
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.
Choose your payment system
