Gold price experienced a downside correction and fell by $60 or by -4.4% due to agreement between US and China to suspend a trade war.
Traders have felt that compromise have been found and started to sell a precious metal from its highs.
However, downside trend has decelerated for the last two days and Doji candlestick has been formed. That’s a hint for correction. The nearest aim is an upper bound of a channel – $1296.
EURUSD price is continuing to decrease. The last time we discussed the parity was in May 2017, now EUSUSD price is very close to it. Euro started the decline in Apr’18 and still in the downside trend, which could be lasted at least to 1.06. Further movement will depend on persistence of the Bears and […]
Despite the market expected the drop of GBP/USD after Brexit, it didn’t happen. It probably has been already taken into account by the market price because the situation lasted too long. Nevertheless, the pattern «Head and shoulders» leaves a chance of falling.
Brent oil price has been continuing active decrease since the beginning of 2020 and lost almost 20% or more than $17. It was mainly caused by difficulties in OPEC+ agreement fulfillment, presence of shale companies, new fields and partly by political and medical conditions in the world. Technically, brent oil price has overcome the main […]
USDRUB returned to growth after sharp drop at the beginning of 2020. Price has already recovered over 50% of decrease and according to MACD it is not the end of upside movement, but only the beginning. After a short pause a new upward surge to the level of 63.5 rubles per dollar is possible.
