Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GBP/USD: confirmed bearish 'Harami'
Information is not investment advice
There's a bearish 'Harami', which has been confirmed, so the price went through the 'Window'. Also, we've got a 'Three Methods' pattern, so the market is likely going to test the next support at 1.2777 in the short term. If a pullback from this level happens little later on and we have a bullish pattern, there'll be a moment for an upward correction towards the Moving Averages.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.