EUR/JPY: 123.70 awaits
EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
GBP/USD is under pressure
Information is not investment advice
GBP/USD formed a lower high just above 1.30 (psychological level, 50-week MA). It’s now hovering at the 200-day MA in the 1.2955 area. Daily Awesome Oscillator is at the negative territory. On H4, the 50-period MA is about to decline below the 200-period MA confirming that the market has topped in the near term. As long as the pound is trading below 1.2985, bears will dominate the market.
Elizabeth Belugina
Similar
NZD/CAD: short-term correction
NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high.
XAU/USD: where to next?
XAU/USD has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865.
Popular
NZD surged to highs of 2019
The New Zealand dollar is rising for the sixth straight day, outperforming its major peers. What is the reason? Let’s find out!
Around 5 million British jobs remained fully or partly on furlough at the end of July.
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
Goldman Sachs forecasts oil deficit
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!
Choose your payment system
