Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/USD: market to reach 55 Moving Average
Information is not investment advice
The last bullish 'Harami' pushed the price higher. The pair is near the 34 Moving Average, but there's no any bearish pattern so far. In this case, it's likely that the market is going to reach the 55 Moving Average (1.1398) within the next few hours. If a pullback from this line happens afterwards, bears will probably try to achieve the previously tested support at 1.1189.
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?