EUR/USD fell below 1.1850 after reaching 1.1920 on Monday. The pair consolidated after the initial bearish move.
XAU/USD: a short-term trade
Information is not investment advice
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4: the price made two attempts to overcome this area and all of them failed. The price formed a lower high and the price action strongly resembles a “Head and Shoulders” pattern. The decline below $1,460 will open the way down to the $1,450 area, according to the size of the pattern. An advance above $1,468 is needed for buyers to return to power.
USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-period moving averages.
USD/CAD has been falling for a long rime. Has it hit the bottom?
Asian equity markets were mostly positive amid several bullish factors including ongoing vaccine hopes
There are a lot of movements in the currency market now - therefore, a lot of opportunities. Let's see how the USD trades against its peers and how to use that in the short-term.