The JPY is the strongest and the NZD is the weakest. Jump in for the fresh analysis!
EUR/USD: "Shooting Star" pattern
The price is consolidating under the Moving Averages. Also, there's a "Shooting Star" pattern, so the market is likely going to test the nearest support area, which could be a departure point for an upward price movement.
The 55 Moving Average acted as resistance, so there's a "Hanging Man" pattern, which has been confirmed. Therefore, the lower "Window" is likely going to act as support in the coming hours.
Asian equity markets were subdued, and US equity futures traded choppy after last Friday’s losses on Wall Street.
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.
Bank of England Governor Andrew Bailey delivered a speech today. Let’s discuss what it means for a trader.
Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.