Gold (XAUUSD) Strategy this week. (X'mas Dec.22-25) FOREXCOM:XAUUSD
Gold (XAUUSD) Strategy this week. (X'mas Dec.22-25) OANDA:XAUUSD
USDCAD in the downtrend. The recent increase in oil prices has driven the Canadian dollar to appreciate. With the continuous news about the development of the new coronavirus vaccine, the global market has obvious risk on, so oil prices have the opportunity to continue to rise. So the Canadian dollar has the opportunity to continue to appreciate in the...
USDCAD in the downtrend. The recent increase in oil prices has driven the Canadian dollar to appreciate. With the continuous news about the development of the new coronavirus vaccine, the global market has obvious risk on, so oil prices have the opportunity to continue to rise. So the Canadian dollar has the opportunity to continue to appreciate in the...
By technical analysis , NZDUSD is still in the ascending channel . It is recommended that when the price falls back to support, buy NZDUSD. FX:NZDUSD
USDJPY has a higher chance of upward. USDJPY is currently in a triangle shape. With the market risk sentiment preference, the stock index has generally risen, and the chance of the yen depreciation has increased. It is recommended that USDJPY go long when the price fall back the support.
Recently, the global market has obvious risk sentiment. The rise in securities indexes and commodity prices, especially the rapid rise in copper prices, has led to the appreciation of commodity currencies. Therefore, fundamentals have helped the Australian dollar to appreciate. By technical analysis , AUDUSD is still in the ascending channel . It is recommended...
If U.S. Dollar Index still weak next week, USDJPY will downtrend. The U.S. dollar weakened last week, and the Japanese Yen also appreciated with other non-US currencies. If the US dollar continues to weaken this week, USDJPY will continue its downward trend. FX:USDJPY
USDCHF still downtrend. FX:USDCHF The Swiss franc , which is highly linked to the euro , will continue to appreciate if the euro continues to rise. Therefore, USDCHF will also continue its downtrend, and it is recommended when price to rebound below the under resistance, sell USDCHF in batches.
GBPUSD touch 1.3624 last week and then fell back. It closed at 1.3521 on Friday, still above the 1.3500 integer. The uptrend unchanged, it is recommended when price fall back above under the support, buy GBPUSD in batches.
EURUSD still has a chance to rise, but this week may show a pattern of slow growth, this week (Dec. 21-25) range 1.2170-1.2360.
The U.S. Dollar Index was still weak last week, and trend is still downward in the future. But before falling, it may rebound first.
The U.S. Dollar Index was still weak last week, and trend is still downward in the future. But before falling, it may rebound first.
The Swiss franc, which is highly linked to the euro, will continue to appreciate if the euro continues to rise. Therefore, USDCHF will also continue its downtrend, and it is recommended when price to rebound below the under resistance, sell USDCHF in batches.
GBPUSD touch 1.3539 last week and then fell back. It closed at 1.3428 on Friday, still above the 1.3400 integer. The uptrend unchanged, it is recommended when price fall back above on the support, buy GBPUSD in batches.
EURUSD still has a chance to rise, but this week may show a pattern of slow growth, this week (Dec. 14-18) range 1.2060-1.2240.
Bitcoin, currently in a triangular convergence pattern, is waiting for an upward or downward breakthrough. It is expected that the probability of bullishness is high. It may directly break the triangle upwards and stand above $20,000 and then continue to rise, or the orange path as shown in the figure, first fall and break the triangle, then fall back to the...
EURUSD and AUDUSD will converge, so EURAUD will rise.