The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
GOLD: bullish 'Flag' pattern
Information is not investment advice
There's a bullish 'Flag' pattern, which has been confirmed. So, we should watch the next resistance at 1286.15 - 1295.25 as a potential target. The subsequent pullback from this area could be a starting point for a decline towards the previously tested support at 1281.94.
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?
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
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.