XAU/USD has broken above the 50% Fibo of the 2011-2015 decline at 1,480 and the previous August high at 1,535.
Daily Market Analysis
GBP/AUD broke above 1.8015 leaving the range within which it consolidated since the start of July.
Yesterday GBP/USD found the support of the weekly pivot point at 1.2213. As long as the pair remains above this point, it has a chance to test higher levels.
Technical levels for AUDJPY
USD/CHF tried to move higher last week but was stopped by the 100- and 200-week moving averages in the 0.9850 area.
As long as EUR/GBP is trading below 0.9100, we will keep seeing a top on the chart that greatly resembles a “Head and Shoulders” pattern.
Technical analysis of EURNZD
Will EURGBP continue its movement up?
The stock of Pepsico formed a kind of messy inverted “Head and Shoulders”.
The euro is fundamentally weak
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
Technical analysis of EURJPY