GOLD: rising during a disaster
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
EUR/CAD: a short-term scenario
Information is not investment advice
EUR/CAD tested 1.5040 yesterday but then closed below 1.50. As a result, a candlestick with a long upper wick was formed on D1. This will make the near-term movement to the upside more difficult. In addition, the pair remains within the descending channel since the start of the year.
On H4, the interim top will be confirmed in case of the slide below 1.4965 (50-period MA). The downside targets, in this case, will lie at 1.4930 and 1.4915. A close above 1.5040 is needed to open the way up to 1.5140 (200-day MA).
Volatility will likely increase as Canada will publish CPI data later today.
Elizabeth Belugina
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GOLD: rising during a disaster
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
Levels to trade USD/MXN
The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.
GBP/USD tests the downside
GBP/USD had been rejected down from the 200-week MA in the 1.3033 area. Then it fell below the 100-week line at 1.2950.
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