EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
XAU/USD aims higher
Information is not investment advice
Given the overall uncertainty about the global economic growth, concerns about the US-China trade war and the no-deal Brexit, there’s a fairly big chance that gold will continue strengthening. XAU/USD has already broken above the 50% Fibo of the 2011-2015 decline at 1,480 and the previous August high at 1,535. The natural bullish target is at 1,584 (61.8% Fibo). As a result, despite the technical bearish divergence on the D1, it’s possible to pursue more buying. The ADX shows that the uptrend is still rather strong. On the downside, the decline below 1,535 will open the way down to 1,500.
Elizabeth Belugina
Similar
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
How to trade XAU/USD?
It’s simply the question of time before gold price gets to the higher levels…
Popular
GOLD: after-breakout consolidation
What happened? Gold was just above $1 800, now - back down below?
EUR/GBP: climbing higher
The pair approaches the significant resistance at 61.8% Fibo level. Look for the breakout!
OIL: turbulence ahead
OPEC+ will have a meeting this week. What are we to expect?
Choose your payment system
