EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
AUD/USD turned down
Information is not investment advice
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful. The pair has formed a top and can have another go at the lower levels as it resumes the general downtrend.
So far, AUD/USD has reached the 50% Fibo retracement of the September advance at 0.6790 (100-period MA on H4). The decline below this level will open the way down to 0.6765 (61.8% Fibo) and 0.6730 (78.6% Fibo).
NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high.
XAU/USD has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865.
USD/JPY has been rising for almost a week except for Monday, but the strong resistance of the 50-day moving average at 105.80 may stop it from moving higher.
BoA released the report with the bullish forecast for the S&P 500 and shared its technical analysis. Let's discuss it in detail.
EUR/USD has violated the first resistance trendline area 1.1680