GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
USD/JPY: intraday trading
Information is not investment advice
Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming. The US economic data due later today may act as a trigger. The overall trend is to the upside, but the pair is trading in the middle of the bigger range and may correct to the downside. As a result, both scenarios have almost equal probability.
Notice that on the upside, resistance is provided by the 200-day MA (111.30) and 110-day MA (111.55), while the 50-day MA acts as support (110.10).
Elizabeth Belugina
Similar
How to trade WTI oil
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.
EUR/NZD: where to sell?
EUR/NZD formed a “hanging man” pattern on the W1 and went down to trade below the 100- and 50-week MAs.
Popular
GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
TRY: questionable grounds
The Turkish Central Bank is on a rate-cutting path; on February 19 it will make another announcement. What's the logic behind?
How to trade WTI oil
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.
Choose your payment system
