Is gold predictable now, at all? Let's consider some facts and observations.
AUD/USD: 'V-Bottom' pushing price higher
Information is not investment advice
There's a 'V-Top' pattern, so the pair is declining. Meanwhile, we've got a 'V-Bottom', which has been formed right under the Moving Averages. Previously, we had a 'Head & Shoulders' pattern, so it's likely that the market is going to achieve the previously tested resistance at 0.7163. If a pullback from this level happens next, bears will probably try to deliver a downward correction in the direction of the Moving Averages.
Gold has been losing value lately. But recently, it is back up. Is it a good time to buy?
S&P falling this much, this stock falling that much... Not all the stocks are like this! Some of them keep standing and defying the virus damage.
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
S&P was looking upwards just a day ago. Something changed?