AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
EUR/AUD is at a major resistance
Information is not investment advice
Check the chart of EUR/AUD. The pair has reached the 50% Fibo retracement of the 2008-2012 decline (!). In previous years, this level has always held buyers back.
The D1 chart shows that the current high is not supported by oscillators (i.e. there’s a bearish divergence). In addition, the euro area will release industrial production today and the figures are expected to be bad. All of this makes us assume that EUR/AUD will correct down.
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
In the last three quarters of 2020, Morgan Stanley has been outperforming the forecasts. Will it happen the same for Q1'2021?
Johnson & Johnson will announce its earnings results for the first quarter on April 20 at 15:30 MT. Let’s get ready!
Ichimoku Kinko Hyo CAD/JPY: The pair is trading below the cloud…