
Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levels
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It seems like on the daily chart, EUR/AUD has been forming the "head and shoulders pattern". However, the right shoulder is forming still. If the pair breaks below 1.5985, we can anticipate a further decline to 1.5910. The next target of the pattern will lie at 1.5814. Nevertheless, indicators signal a possible rebound. The awesome oscillator has formed a bullish divergence with the price chart. RSI indicator is near the oversold area. If the pair stays above 1.5985, we may see a rise to 1.6076.
Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levels
How do we trade the gold price? It seems to be losing the upside momentum - no problem for bears!
GBP/USD went beyond 1.37 and reversed the gains. How to trade it now?
Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levels
How do we trade the gold price? It seems to be losing the upside momentum - no problem for bears!
GBP/USD went beyond 1.37 and reversed the gains. How to trade it now?
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