EUR/JPY is on shaky ground
The euro is fundamentally weak
XAU/USD has reached resistance
Information is not investment advice
XAU/USD reached resistance of the uptrend channel in the area of 1347. There’s a bearish divergence between the price and the oscillators on D1. This is a sign of the potential correction to the downside. Support lies at 1326 (previous high) and 1310 (trendline support). At the same time, the uptrend looks rather strong, so we can’t rule an attempt of buyers to test higher levels. The targets will lie at 1357/1360.
Elizabeth Belugina
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AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
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To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
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EUR/JPY is on shaky ground
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