Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
EUR/JPY: a “Shark” pattern
Information is not investment advice
EUR/JPY has been trading within an uptrend channel since the end of March. The pair is testing levels above the 50-day MA at 125.35 and getting closer to the 100-day MA and the resistance line connecting March highs above 126.00.
The pair will likely be able to rise from the current levels and test resistance. The area between 125.85 and 126.00 will be attractive for selling given the “Shark” pattern that is formed on the chart.
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
The amount of problems caused by the coronavirus pandemic is huge…
Ichimoku Kinko Hyo CAD/JPY: The pair is trading below the cloud…
Fibonacci Levels XAU/USD: Gold facing a further consolidation above 23…