EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
AUD/USD is under strong resistance
Information is not investment advice
AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830. Then it slid below the 50-day MA in the 0.6810 area and on Thursday the line acted as a resistance. The closing price of yesterday’s candlestick was significantly lower than that of the previous three days forming what seems like a “bearish flag”. On the H4, the MAs are in the negative order. All of this allows expecting that the pair will retest 0.6770 (61.8% Fibo of the October advance, November 14 low). A decline below this level will open the way down to 0.6750 and maybe even 0.6725 (78.6% Fibo). Bull will regain power only if AUD/USD recovers above 0.6830.
Elizabeth Belugina
Similar
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
How to trade XAU/USD?
It’s simply the question of time before gold price gets to the higher levels…
Popular
GOLD: after-breakout consolidation
What happened? Gold was just above $1 800, now - back down below?
EUR/GBP: climbing higher
The pair approaches the significant resistance at 61.8% Fibo level. Look for the breakout!
OIL: turbulence ahead
OPEC+ will have a meeting this week. What are we to expect?
Choose your payment system
