USD/BRL has started the week with a substantial move to the downside. The pair formed a lower high last week, thus the price action strongly resembles the “Head and Shoulders” pattern.
Daily Market Analysis
Last week AUD/USD managed to take off from the 0.7660 area. Then it consolidated between 0.6855 and 0.6810.
The name of which company comes to your mind when you hear the words “controversial” and “successful” at the same time?
What will happen to the emerging markets in 2020.
An observation of the historical performance of Alcoa stock price and the possible future perspectives.
A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
XAU/USD ran into the resistance of the 50-day MA in the 1,481.65 area. Learn more!
Technically, Brent made a big advance yesterday rising from the support of the 100- and 50-day MAs in the 61.25 area.
What will move markets at the end of the year.
The bearish bias appears to start losing power. The market reversal upwards is still to be confirmed.
The attempt of AUD/CHF to overcome 0.6800 so far hasn’t been successful. The pair formed a “spinning top” candlestick on the D1 on Tuesday.
OPEC will hold another meeting on December 5-6. This article examines the possible outcomes of this meeting in the context of one of the primary influence factors.