Stocks and triangle patterns
We love triangles because they're easy to spot and predict possible price moves. Do we have any in the stock market?
AUD/USD: to the six-year highs?
Information is not investment advice
Since March 2020, the Australian dollar has been very tough on the USD. From the crisis depths below 0.60, AUD/USD has risen to the current 0.78. Another leap, and it will reach 0.81 – that will be the six-year highs. It’s very important to have the below strategic picture in your mind when you trade this pair because the closer it gets to 0.81, the harder it should be for it to break the resistance. In the meantime, breaking this resistance may lay the beginning of a large uptrend such as those that took place more than a decade ago and lasted for two years. Don’t rush to see bullish domination though: there are commentaries that the US dollar may get back to strength. If that’s the case, we won’t see AUD/USD go as high as in 2009 or 2007. Let’s see.
Gaspar Markosyan
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We love triangles because they're easy to spot and predict possible price moves. Do we have any in the stock market?
Euro further strength is ahead
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