Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
GBPCAD has been consolidating
Information is not investment advice
On H4 of GBPCAD, the pair has been trading sideways. It gives traders an opportunity to wait and enter the market at good levels. If the pair breaks above 1.6028, we can anticipate a further rise towards 1.6061. Otherwise, if the support at 1.5968 is broken, the pair will move down. The short may be anticipated at the level of 1.5926. The target will be placed at 1.5886.
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?