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EUR/USD: main trend still bearish
The main trend is bearish, there's also a 'Harami' pattern, which has been confirmed. So, the market is consolidating around the 'Window'. It's likely to have a local correction towards the 34 Moving Average (1.1360). If a pullback from this level happens next, there'll be a moment to have another decline towards the next support at 1.1164.
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
On the W1, Brent oil formed a bullish “hammer”…
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.