Aussie is recovering after significant drop by -3.23%, caused by coal export issues to China. Circa half of the losses was restored.
The situation still looks uncertain: traders did not decide to support further recovery or not. As a result, AUDUSD stuck in symmetrical triangle.
We recommend to enter the market in the direction of breakout of the pattern.
Brent oil price is still in uptrend channel, although it is actively trying to breakdown the bottom level. Reversal has blocked twice by strong level at $60.3. The price has fundamental factors for a drop on the background of difficulties of OPEC+ fulfillment. If it happens, we will see a decrease to $60 and lower.
Bitcoin price is continuing to drop. The main reason is China, which excites all the crypto industry. Assumed toughening of regulation and pressure on crypto exchanges give no chance for growth of BTC. The price has lost more than 25% or 2400$. Breakdown of 8000$ created additional difficulties because it it a breakeven point for […]
EURUSD continues a decrease and has reached the minimum for the las 3 weeks. EUR has few reasons for increase yet. The dollar is still better technically and fundamentally. The closest aim to drop is 61.8% of Fibonacci around 1.09931.
Euro again loses its positions gained during the previous week. Favorable news about Brexit and trade tensions between USA and China supported EUR, however the advantage has been gradually vanishing from the start of the week. Investors has no confidence in strong euro, but dollar, on the contrary, looks more attractive. The next step for […]
