Is gold predictable now, at all? Let's consider some facts and observations.
EUR/USD: main trend still bearish
Information is not investment advice
The main trend is bearish, there's also a 'Harami' pattern, which has been confirmed. So, the market is consolidating around the 'Window'. It's likely to have a local correction towards the 34 Moving Average (1.1360). If a pullback from this level happens next, there'll be a moment to have another decline towards the next support at 1.1164.
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?