Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/GBP: consolidation along Moving Averages
Information is not investment advice
The pair is consolidating along the Moving Averages. It's likely that the price is going to test the nearest support at 0.8574 because of the last 'Triple Top' pattern. If a pullback from this level and the Moving Averages happens little later on, bulls will have a chance to reach the previously tested resistance at 0.8616 - 0.8636.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?