The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
EURUSD is near the strong support
Information is not investment advice
On the daily chart of EURUSD, the pair touched the strong support at 1.1070. Traders are waiting for the American Prelim GDP data. If the actual release is higher than the forecast, the USD will be additionally supported and the risks of the further decline will increase.
On H4, we can consider a continuation of the fall if the pair closes below the support. Next levels to watch are 1.1055 and 1.1028.
If the pair rebounds from 1.1070, The resistance will lie at 1.1086.
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
EUR/AUD has been in consolidation lately; are there any clear bullish signs or it is better to hold positions?
On the W1, Brent oil formed a bullish “hammer”…
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.