AUD/JPY may fall further
AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.
XAU/USD keeps falling down
Information is not investment advice
Last week XAU/USD made the biggest weekly decline since August. Pay attention to higher timeframes: a “shooting star” candlestick was formed on the MN timeframe after the 4 months of growth. It seems that the gold is finally into the bearish correction.
The weekly pivot point is located at 1305. Sellers will dominate as long as the precious metal is trading below this level. The targets lie at 1278.25 (weekly pivot S1) and 1275 (38.2% Fibo retracement of the August-February advance).
Elizabeth Belugina
Similar
Oil is testing support
The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus.
GOLD: rising during a disaster
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
Popular
AUD/JPY may fall further
AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.
Democrats vs. Republicans: who is better for the USD?
While Donald Trump continues to lead the Republicans, the Democrats have not chosen its representative yet. With around 8 months till the US election, what are the chances for any of the candidates to affect the USD?
AUD/USD: 11-year lows
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
Choose your payment system
