Is gold predictable now, at all? Let's consider some facts and observations.
USD/CHF: all Moving Averages broken
Information is not investment advice
All the Moving Averages have been broken. Previously, we had a 'V-Bottom' pattern, which is pushing the pair higher. The main intraday target is the nearest resistance at 1.0009 - 1.0025. If a pullback from this area happens little later on, there'll be a moment for bears to test the closest support at 0.9980 - 0.9969 and the Moving Averages. These levels could be a departure point for another bullish rally.
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.
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.
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
S&P was looking upwards just a day ago. Something changed?