We have outlooked several promising Forex pairs and the result can surprise you!
EUR/USD: at one-year highs
Information is not investment advice
Performance in 2020: +1.2%
Last day range: 1.1332 – 1.1458
52-week range: 1.0777 – 1.1496
While the American stock market is disoriented, oil price slumps and the shale companies are brainstorming their way to stay in the business, the euro gets stronger against the US dollar. EUR/USD trades at 1.1363 - the range of one-year highs. They were broken already on Monday, so now the currency goes in a downward correction. The Awesome Oscillator indicates the high ground reached by the currency pair, and before it goes further up it would need to take some rest to gather momentum. In the context of the latest global events, clouds are gathering above the USD. Hence, fundamentally, until good news come to the American side, the dollar is very likely to lose ground to the euro. In the meantime, the ECB interest rate press conference is a major thing to watch this week, so eyes open.
Resistance 1: 1.1505, Resistance 2: 1.1576
Support 1: 1.1340, Support 2: 1.1280
XAU/USD looks weak. Will it keep falling? Let's find out!
Ichimoku Kinko Hyo AUD/JPY: The AUD/JPY pair is now trading on the Kijun sen level…
A combo of strong demand and poor supply has sent oil prices to the high unseen since 2018. Gas is at record highs as well.