Is gold predictable now, at all? Let's consider some facts and observations.
Shooting star of NZD/JPY?
Information is not investment advice
On the daily chart of NZD/JPY, on Monday, July 22, the pair formed a shooting star candlestick. It may be a signal of the short-term reversal.
If the pair breaks below 72.63, we should expect a further decline to 72.34. The signal of the candlestick will not be confirmed if the pair stays above 72.63 and bulls gain force. In this case, we can anticipate a continuation of the movement up. The first resistance is located at 73.14. A break above this level will lead NZD/JPY to 73.45.
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How does the GBP/USD look like?
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.