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.
USD/JPY: 'Three Methods' led bullish rally
The last 'Three Methods' pattern led to the current bullish rally. There's no any reversal pattern so far, which means the market could continue moving up. At the same time, a bearish correction is right around the corner.
There's an 'Inverted Hammer', so the price is rising. It's likely that the market is going to test the nearest resistance area, which could be a departure point for a downward correction.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
UK's Raab supports that virus restrictions are serious, proportionate
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.