The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.
Tag - trade ideas
The pair broke above the resistance line going through October highs but then was stopped by the 50% Fibonacci at 14.6380.
EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA).
Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?
USD/MXN has met resistance at the line connecting 2017 and 2018 highs.
Great Britain will release the level of retail sales at 11:30 MT time on November 15.
On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
On Wednesday, the British pound re-approached recent 15-month maximum versus the greenback, underpinned by sturdy British retail sales data…
Analysts at Citi recommend buying GBP/JPY at 147…