Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/USD: price to test the 34 Moving Average
Information is not investment advice
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed. So, we're likely going to have a local upward correction towards the 34 Moving Average. If this line acts as resistance, there'll be an opportunity to have another decline, so we should watch the next support at 1.1128 as a bearish target.
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?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.