USD/JPY: on the way to September lows
USD/JPY is plunging. It may go even lower than where came down to in September. Read the article to set your levels.
GOLD: reverse from the channel bottom?
Information is not investment advice
Gold reached $1 930 at the end of last week. The question back then was whether it would break the roof of the channel or reverse to get to its bottom. It reversed. On Tuesday, it was at $1 890 testing the bottom of the channel. Although it made a spike above $1 910, it got back to the trend’s lower border. So the question now is: will it get back up to cross $1 930 and hit the other side of the channel? Very possibly, but we need to confirm the bullish reversal first.
Going above $1 900 and crossing the 50-MA would be the first step. Passing $1 910 on the way upwards would be the second step. Finally, testing $1 930 would be the third step to expect a new local high – probably at $1 950. So watch those three steps and make sure you are on the ride side of the trend.
Gaspar Markosyan
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USD/JPY: on the way to September lows
USD/JPY is plunging. It may go even lower than where came down to in September. Read the article to set your levels.
EUR/USD Trades at One-Month high as Dollar Keeps Weaker
European stock markets are seen opening higher Wednesday, helped by increased confidence for a new U.S. stimulus package to boost the world’s largest economy. The White House and Democrats in the U.S.
EUR/USD higher but stalling ahead of the October highs
Wall Street's main indexes opened higher on Tuesday as investors were hopeful of more stimulus from Washington
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