See also
Although on the 4-hour chart AUD/JPY has the potential to be corrected to weaken, which is confirmed by the condition of the Stochastic Oscillator indicator which is in an Overbought condition, but as long as the correction does not break and close below the 92.00 level, AUD/JPY has the potential to strengthen again to the 93.38 level and if the volatility and momentum of the strengthening support it, 93.62 will be the next target to be aimed for.
(Disclaimer)
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
From a technical standpoint, gold on the 4-hour chart has established acceptance below the 100-period Simple Moving Average (SMA), signaling a potential continuation of the decline. Moreover, oscillators
This area of 3,300 represents strong support, but we believe gold could make a technical rebound in the coming hours toward 3,327. At this point, it could resume its bearish
The H4 chart shows a triple-top formation pattern. If the euro price falls below 1.1620, the signal will be negative, and we could sell with a target at 1.1533. EUR/USD
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
1. Market Sentiment Summary: After Gold rose quite significantly yesterday, this morning Gold experienced a downward correction of up to -0.39% where the correction was a combination of the current
InstaTrade
PAMM accounts
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.