We have outlooked several promising Forex pairs and the result can surprise you!
XAU/USD: levels to trade
Information is not investment advice
XAU/USD ran into the resistance of the 50-day MA in the 1,481.65 area. The further obstacle on the upside is at 1,487.00 (the 100-day MA, the downtrend line connecting September and November highs).
On the H4, the price is below the 200-period MA at 1,477.25 – the nearest resistance. The decline below the recent lows at 1,471 will open the way down to 1,466 (100-period MA on the H4). Notice that gold is trading within a medium-term downtrend, so selling is much more favorable than buying. Still, there’s some space until the price hits resistance line, so cautious longs are possible above 1,478 targeting 1,481.50 and then, if there’s a daily close above this point, 1,487.
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading between the Tenkan sen and Kijun sen level…
What happened? Nearly one year later, Beijing started to concern about Alipay, which combines a digital payments platform with other traditional financial products such as loans, wealth management, and insurance…