EUR/JPY: 123.70 awaits
EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
USD/CHF targets lower levels
Information is not investment advice
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area (September and October lows, 50% Fibonacci retracement of the August-October advance, 200-week MA) has failed. The pair may have shifted to a lower range. The closest target on the downside lies around 0.9800 (61.8% Fibo). If the United States and China fail to find common ground in trade talks and new tariffs kick in, the decline to 0.9740 (78.6% Fibo) will be very likely.
Elizabeth Belugina
Similar
NZD/CAD: short-term correction
NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high.
XAU/USD: where to next?
XAU/USD has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865.
Popular
US Job Claims Keep Markets Skeptical
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
British Pound a Little Higher on the Day
The GBP is likely to move upward until it reaches the resistance of 1.2795.
Rabobank forecast: AUD will fall further
The aussie is expected to plummet for the next six months. What is the reason?
Choose your payment system
