Is gold predictable now, at all? Let's consider some facts and observations.
EUR/GBP: 'V-Bottom' pushing market higher
Information is not investment advice
The pair has been rising since the last 'V-Bottom' pattern was formed. Also, all the Moving Averages have been broken. In this case, we should watch the previously tested resistance at 0.8697 - 0.8722 as a potential target. The subsequent pullback from this level could lead to a downward correction towards 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.
AUD looks stronger, RBA keeps the rate steady. How positive is the picture?
On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).
The USD/CAD price has been falling down since March 19. What are the reasons?