Is gold predictable now, at all? Let's consider some facts and observations.
NZDCAD is on the rise, but not for long
Information is not investment advice
On the H1 chart of NZDCAD, the price has been showing an uptrend lately, rising above the upper band of the Envelopes. That means the upward movement will continue for a while. However, the RSI and Stochastic Indicators are in the overbought zones. Therefore, the bearish reversal is looming in the short-term. The price is likely to move up to the resistance of 0.8563 and bounce downwards. As soon as the RSI crossing the 70% and the Stochastic’s fast line crossing the slow one upside-down confirms that, it may be a good moment to open shorts. The support for this scenario may be placed in the range of 0.8518 - 0.8515.
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?