It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/CHF met a strong resistance
SELL 1.1320; TP1 1.1295; TP2 1.1260; SL 1.1330
EUR/CHF formed an ‘Inside bar’ candlestick pattern followed by a ‘Fakey’ (a bearish candlestick with a big upper wick which signals that the break up has failed). Moreover, the pair closed below 100-day MA (1.1330). This gives us reasons to expect EUR/CHF slide to 1.1295 (50-day MA). If the pair loses this level as well, the next downside target will be at 1.1260 (Nov. 28 low). A bullish move will be possible only if the pair fixes above the resistance at 1.1350.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?
What moves the German index?
The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
How to trade gold in 2020?