AUD/USD turned down
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
USD/ZAR turned up
Information is not investment advice
USD/ZAR rebounded from the 200-day MA at 14.18, went up through the 100- and 50-day MAs and formed an “inverted Head and Shoulders” pattern. The bullish pattern will remain in place as long as the pair’s above the neckline at 14.35. The cue to buy will come once the price gets above the 50% Fibo retracement of the June-July decline at 14.49. The first target will be at the next Fibo level at 14.65. Retracements to 14.35 should also attract buyers.
Elizabeth Belugina
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EUR/AUD has some fuel
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
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AUD/USD turned down
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
EUR/AUD has some fuel
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
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