Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
AUD/USD: confirmed 'V-Bottom' pattern
Information is not investment advice
Bears faced with support at 0.6864 last Friday, so the price is consolidating. Also, there's a 'V-Bottom' pattern, which has been confirmed. Thus, it's likely that the market is going to test the nearest resistance at 0.6936 - 0.6962 in the short term. If a pullback from this area happens little later on, there'll be a green light for another decline towards the next support at 0.6891 - 0.6864.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.