AUD/USD has recovered -20 pips from the session low
of 0.7057, possibly on reports stating that China may cut
the reserve requirement ratio in the second quarter.
The bounce on the price zone 0.70604
however, is taking the shape of a bear flag.
a continuation pattern which usually accelerates
the preceding bullish move back to the ascending trend
is it a ...
we can anticipate gold to reach 1250 very soon
if it will continue to drop daily with a range of 120 pips,
On friday Gold or XAUUSD bearishly trended 200 Pips
of which is not normal for this commodity type.
i hope you understand why i am buying gold in this case. Gold or XAUUSD has bearishly trended 6300 Pips
in 9 days starting form 20/02/2019 till...
GBP/JPY rose to 145.04 last week before forming a temporary top a retreated.
Initial bias is neutral this week first. The break of 144.85 resistance suggests resumption of rebound from 131.51.
Break of 145.04 will extend the rally. But we’d expect strong resistance from trend line (now at 146.75) to limit upside,
at least on first attempt. On the downside, firm...
Support and resistance
The EUR/USD has tried its best to bounce but is so far holding steady under the 1.1350 mark.
There are two key releases today that will impact the EUR/USD, namely the ECB Minutes and the earlier release of PMI.
PMI are often a good measure of the health of the economy and like most measure out of the Euro lately, the numbers have been on...
AUDUSD Has a minor resistance @ 0.72929 intact,
A rebound from 0.67475
might still extend higher.
Yet Bulls are limited below 0.73909
On the downside, break of 0.7025 minor support
Shall turn bias back to the downside
for retesting 0.67475 low.
Overall, larger down trend with a stronger Bears
from 0.81353 is expected to resume