Is gold predictable now, at all? Let's consider some facts and observations.
NZD/CAD is continuing downward movement
Information is not investment advice
On the H1 chart of NZD/CAD, the price once again bounced back from the local resistance level of 0.8404 and is on the way down to support at 0.8281. 50-period MA is already below 200-period MA, with 100-period MA also dropping. This should mean that NZD/CAD most probably will break through the nearest support level to the next support at 0.8253. If the movement gets back up into the bullish trend, the resistance levels are at 0.8342, 0.8359 and 0.8404.
Gold has been losing value lately. But recently, it is back up. Is it a good time to buy?
S&P falling this much, this stock falling that much... Not all the stocks are like this! Some of them keep standing and defying the virus damage.
AUD looks stronger, RBA keeps the rate steady. How positive is the picture?
On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).
The USD/CAD price has been falling down since March 19. What are the reasons?