Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020
Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]
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EUR/AUD M double top shaping up
EUR/AUD M double top shaping up
The EUR/AUD is making a progressive M pattern characterized by a double top which in turn makes a POC zone (H3, DPP, trend line) 1.4340-50. The move has already happened so any retest could reject the price again (2nd rejection). Ideally inner trend line should hold for continuation of bearish move. Further continuation is seen below the inner trend line and if H1 candle closes below 1.4280. Close below would target 1.4245 and h4 close below 1.4245 should aim for 1.4185.
Wednesday, 19 Oct, 2016 / 1:15
Source : http://www.admiralmarkets.com/analytics/technical-analysis/
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Euro bulls targeting 1.20 – EUR/USD Market Outlook – 26/11/2020
The Euro extends gains above 1.19 after weaker than expected US macro data [...]
The Fed considers helping the US economy “fairly soon”, the ECB [...]
