EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
Levels to trade AUD/JPY
Information is not investment advice
AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area (Dec. 13 high). On the D1, the pair formed a small “spinning top” – a candlestick signaling market’s uncertainty. The direction of a breakout from the current range between 76.10 and 75.85 will determine the further move. A break above 76.10 will open the way up to December highs around 76.50. The decline below 75.58 (100-day MA on the H4) should trigger a fall to 75.25 (50-period MA).
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 has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
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