Analysis: Gold on its Fibonacci extension has reached full exhaustion. Currently sitting around its physcological level 1490, this too being the 23.6% Fib Retracement level. This too being the long-term outlook currently.
Massive in terms of gaining understanding of golden levels. If one does not understand certain importance around key levels, then one will...
Fundamental Analysis: With the pound potentially not getting a deal, could this spell somewhat of a recessionary period for them? Could the Yen be the safe zone for investors?
Pair: British Pound to the Aussie Dollar
Analysis: Bearish pressure met with an influx of bullish price pressure. Strong GBP gains. This could be influenced by the interest rate decision held by AUD this week.
Pair: US Dollar to the Swiss Franc
Analysis: Continuity in buy pressure. Price is currently trending. Will we see a break or bounce on the current timeframe resistance?
Structure: Technical Triangular Squeeze
Fundamental Analysis: With EURO looking to ease as well as a potential for the trade war to move forth potentially further than 2020, this pair is at odds to move indifferently between the two currencies.
Higher Timeframe Tendency: Sideways
Current Players: Bulls
Analysis: Market is slowly retracing and gaining strength to the upside, could this be interlinked with lower GDP values for the US being priced in? Or can this be for the fact the market is expecting something much greater, such as an interest rate cut?
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-Continuous flow on higher timeframe where we see a continuous low being respected.
-Bulls are protecting price and we starting to see a push to the upside from the area of sensitivity.
-Now we are facing a technical squeeze on the monthly