Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
EUR/USD: two "Tweezers" patterns in a row
We've got bearish patterns such a "Tweezers" and an "Engulfing", which both have been confirmed enough. Also, there's a bearish "Three Methods", so the market is likely going to test the lower "Window" in the short term.
There're two "Tweezers" patterns in a row, so the price is declining. Bears have reached the 55 Moving Average, but there isn't any reversal pattern so far. Therefore, the pair is likely going to continue moving down towards the 89 MA.
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.
The bearish bias appears to start losing power. The market reversal upwards is still to be confirmed.
S&P 500 was a gainer in 2019 with a rally of more than 25% so far. It seems like the index may show the best performance since 2013 and the third-strongest annual gain in 19 years.
An examination of how the US-China trade tensions have been influencing the USD/CNH and how to trade on it.
CNY/JPY is a good proxy for traders’ optimism. The technical setup for it is also quite interesting.