Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD/CAD: bullish 'Harami'
Information is not investment advice
There's a bullish 'Harami', which has been formed above the Moving Averages. Also, there's no any bearish pattern so far. In this case, we should watch the nearest resistance at 1.3559 as a potential target. The subsequent pullback from this level could lead to a downward correction towards the 34 Moving Average.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.