Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/GBP: 'V-Bottom' pushed the market higher
Information is not investment advice
There's a 'V-Bottom', which pushed the market higher. Also, it seems like there's a developing 'Flag' pattern. If so, the market is likely going to test the next support at 0.8529 - 0.8483. If any bullish pattern forms little later on, there'll be an opportunity to have an upward correction towards the Moving Averages.
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?