Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/USD: price to test 34 Moving Average
Information is not investment advice
The last 'Shooting Star' has weak confirmation, so the price is likely going to test the 34 Moving Average and the closest resistance at 1.1242 by the 'Three Methods' pattern. The subsequent pullback from these levels could lead to a decline in the direction of the next support at 1.1034.
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?